Learning to live frugally is a difficult but fruitful lesson. Many of the millionaires in today’s society get rich by being frugal. There seven Frugal Habits will give you financial freedom. Simple techniques like only purchasing items on sale, using coupons, and buying discounted gift cards before you shop can make huge strides in attaining your long term goals.
Habit One: Be Proactive
The first habit to develop is to take responsibility; if you fail, you have no one to blame but yourself. Regardless of how you were raised or how you were treated at school, you can choose your behavior now. Being proactive means understanding that YOU are in control of your day-to-day interactions, and thereby, the direction your life takes. This is in stark comparison to a reactive person, who is often affected by their environment and will find external sources to blame for their behavior. For example, if the weather is good, they’re in a good mood, but if the weather is bad, it affects them and they blame the weather for their bad mood.
What most people forget is that though you can’t control the stimulus, you can control your response. One of your most important choices is your words; the language you use is an effective indication of how you see yourself. If you use proactive language, such as “I can” or “I will,” you’re starting with a more positive attitude than someone who uses language like “I can’t” or “I have to” or “If only.”
How to be proactive for effective frugality:
- Take the first step. You cannot take control of your finances until you make the commitment to do so; the more you ignore the situation, the worse it will get. Instead, take a long hard look at your finances — your budget, debts, income, and expenses, and try to understand where your money is going and where you can budget better. (To help you out, here are 25 ways to pay off your debt more easily.)
- Tell people. Using proactive language to vocalize your hope of being more financially responsible not only helps you crystallize your goal, but it can also help you avoid the peer pressure that makes budgeting and frugality hard. If you explain to your friends and family that you’re trying to live a more frugal lifestyle, they’ll be less likely to pressure you into one more round of drinks or another dinner out.
- Listen. Listen to yourself and to the reasons you give each time you make a purchase outside of your budget or decide not to put spare money into your savings account. Taking the time to stop and listen to the reasons you give yourself for spending more than you earn will give you the opportunity to hear just how shallow many of those reasons are. This can stop you from making purchases that impede your goal of effective frugality.
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