Be Frugal, Not Miserly: Your Guide To Spending Less Everyday

Share Button

There is a distinct difference between being frugal and sensible with your money, and being a miser. A miser never spends a penny if they can help it, and although their bank account may be healthy, they don’t tend to have too much fun in life! A frugal person, on the other hand, is good with money but knows that it has no real value apart from the security and fun it can be exchanged for. With that in mind, check out my top tip below, on how to be more frugal without ending up a miser!


Work to a meal plan


One of the most significant areas in which UK families waste money is on their food shopping. Yes, of course, shopping is essential, and yes, of course, sometimes you want a cheeky chocolate bar or bottle of wine. However, it is possible to do this and still be frugal.


One way in which you can do this is to create a meal plan for the week. Then you only buy the ingredients that you need, and so save money on your shop overall.



Also, for higher priced, or treat items look for the deals that all supermarkets run. Use these deals to get items for free, or at a reduced price, and then you will be saving money while still allowing yourself to live a little.


Repair your credit


Frugal folks know the benefit of being in control of their finances, and one of the most important ways that you can do that is to monitor and take care of your credit score.


The reason this is so vital is that your credit score determines how much you will be charged in interest when you do borrow money. A low credit score means high interest, and high-interest mane you are paying more out, something that is not frugal at all!


With that in mind, use firms like the one at to help you repair your credit score if it is unusually low. Also, remember that multiple applications for credit in a short space of time can severely lower your score, so be mindful of this when applying for new card or loans.


Use the three-day rule


The three-day rule is a great way of being frugal but not sapping all the fun out of life. It works like this if you want something that isn’t an urgent necessity, wait ten days before you buy it. If you still want it as much as when you first thought of it, go ahead!


What this method does is to put some distance in between the desire to buy and the actual purchase. This space then allows us to come back to our initial purchase and assess it a more balanced way.


It also means that you can be free to go ahead and get the things that will genuinely make you happy, but you won’t end up frittering away all of your hard earned money on something that you later regret! The latter being a big frugal no-no.  


Save Money
Previous Story
Next Story

You Might Also Like