While most of us clearly understand the importance of saving money, there are those who choose otherwise simply because they would rather go broke than deprive themselves of life’s simple luxuries. And there are those who will do anything to keep up with the Joneses even at the expense of depleting their bank accounts and maxing out their credit cards.
What those people don’t understand is the fact that living frugally does not necessarily translate to living like a beggar. It only means that you learn to prioritize your expenses. As such, you still get to eat out, wear your designer jeans, go on a vacation, and enjoy life’s pleasures; you just do it all without emptying out your savings account.
Living the best of both worlds is possible if you take time to keep track of your finances and know when to splurge and when to save.
1. Know when to give yourself a treat – rewarding yourself with fancy dinners is a great way to lift your spirits and re-energize yourself for the next busy week ahead. As fine dining meals with your family can cost a small fortune, it is best to prepare for it in advance by scouting for restaurant deals online or searching for available coupons such as free Logan’s Roadhouse coupons to further stretch your budget.
2. Know where to splurge when grocery shopping – walking through aisles and aisles of different products can tempt even the most frugal of shoppers which is why you need to plan your trip to the grocery store and make a list of what you need. It is better to stock up on goods that have a long shelf life such as pasta, chocolates, flavored drinks, bath soaps, linen towels and the like, when you have a great coupon for a discount. If you like your sodas, then stock up on printable Coke coupons and save a few extra cents on each can. This way, you still get to keep your pantry and fridge full without needing to overspend.
3. Know when to indulge in your favorite brands – everyone, regardless of gender, has a craving for designer brands such as Louis Vuitton, Hermes, Balenciaga, and Calvin Klein. As they are quite pricey, those who are cutting down on their expenses tend to forgo these luxuries, but they don’t need to go without. On the contrary, frugal living still allows you to keep a few of these designer bags in your closet. The key is to know where to buy. Several online shops such as e-bay and craigslist have a wide array of used branded bags. Just make sure to weed out the fake ones from the originals.
Lastly, always take pride in your decision to change your lifestyle and focus on saving money to prepare for your future. It’s not easy to turn down nights on the town and all of your favorite brands, but the smart choices that you make now will mean that you are able to splurge on yourself for many years to come.