Start the New Year Right with These Saving Ideas

Many people start a New Year with earnestly devised New Year resolutions. And then, a
month into the year, they forget them. The trick is to make a plan that you can stick to, and
then reap the rewards.

How to live frugally, yet comfortably:

Being frugal means that you are conscious about where your money goes. It also means that
you adapt your spending around both your current and your future priorities.

First things first:

• One of the most important steps you can take to ensure that you are aware of the
  path of your money is to create a budget. A budget tells you exactly what you have
  coming in each month and your obligations for the month. When you create a
  budget, it is essential to stick to it.
• Another essential step towards being frugal is to use what you have before going out
  and spending money on more. This means using what you have cautiously and
  without wastage. It applies to the foods you have in your home, along with your
  electricity and water. By using these with care, you can save on your overall utility
  and food bill.
• Have a look at the things you need rather than the things you want. Do you really
  need your Seattle coffee every morning on your way to work from your local coffee
  shop? Making a flask of coffee at home to take with you for your drive to work
  means that you’ll still have your coffee, and save a good few rand each month.

Being frugal doesn’t mean doing without the things that make your life comfortable. It does
mean looking for ways to use what you have and re-considering how you spend your
money. There are a good number of benefits from practising frugality. These include
focussing on the important things in your life, instead of just money. It also means that you
will be able to save up for the ‘wants’ in your life, and be able to pay for them in cash.
Additionally, you’ll have cash on hand to pay off your debts sooner.

Need assistance with debt? Speak to One Debt today.