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
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Also cut back on eating out every day, prepare a monthly menu for home and buy what’s on the menu and cook it at home. Another good way is to cut back on sweets the less that is spent on snacks, the more money that will be saved. Drinking more water and less caffeinated and sugary drinks will save tons of money because beverages are expensive and water is not only free but it’s healthy. One last good way to save money is carpooling, riding bike or even walking to work if it can be done. Instead of driving to pick up kids or to the local corner store that is less than a mile away, walk or ride a bike, this saves tons of money on gas. Riding a bike or walking is healthy and it’s also exercise which is also another way of living frugal because the healthier a person is, the less likely they are to acquire expensive medical …show more content…
Most CD’s are not able to be touched for 6 months – 5 years. So with this type of savings the money must be left in there until the agreed upon time to take it out. If anyone would wish to withdraw their money before the allotted timeframe they would be penalized, meaning they would have to pay a fee to do so. With this type of savings interest is earned depending on how long the money is left in there and depending the size of the institution that’s holding the money. Most times the smaller the institution the higher the interest
Also cut back on eating out every day, prepare a monthly menu for home and buy what’s on the menu and cook it at home. Another good way is to cut back on sweets the less that is spent on snacks, the more money that will be saved. Drinking more water and less caffeinated and sugary drinks will save tons of money because beverages are expensive and water is not only free but it’s healthy. One last good way to save money is carpooling, riding bike or even walking to work if it can be done. Instead of driving to pick up kids or to the local corner store that is less than a mile away, walk or ride a bike, this saves tons of money on gas. Riding a bike or walking is healthy and it’s also exercise which is also another way of living frugal because the healthier a person is, the less likely they are to acquire expensive medical …show more content…
Most CD’s are not able to be touched for 6 months – 5 years. So with this type of savings the money must be left in there until the agreed upon time to take it out. If anyone would wish to withdraw their money before the allotted timeframe they would be penalized, meaning they would have to pay a fee to do so. With this type of savings interest is earned depending on how long the money is left in there and depending the size of the institution that’s holding the money. Most times the smaller the institution the higher the interest