How Can You Save Money? Essay

1796 Words May 3rd, 2015 null Page
Dictionary (2015) defines frugal as “economical in use or expenditure; it means prudently saving or sparing, not wasteful, entailing little expense; requiring few resources, meager and scanty”. Frugal is basically cutting back on spending habits, saving money and spending wisely. Some famous icons known today are living frugally, from actress Tia and Tamera Mowry to singer and songwriter Kandi Buruss. Frugal living is something people should consider if they are trying to bring in more income or even grow the income they already have coming in. Surviving without spending money can be very difficult but it is possible, people spend money on a daily bases on a number of things that they can simply go without. There are three ways to allow your money to grow which is by, making money, saving money and investing money. If these points can be mastered then there will definitely be a change in an individual’s finances. Many people wonder, what are ways to save money? What are ways to bring in more income? How does one get their money to grow? This paper is to inform people of all the ways they can make, manage and grow their money. The urban institute study found that 35.1 percent of people with credit records had been reported to collections for debt that averaged $5,178, based on (2013) records. This paper will inform everyone of why frugal living is becoming more popular plus the benefits and rewards to cutting back and…

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