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Frugal Wisdom

It is important to keep in mind that frugality isn't just about collecting and using specific tips for saving money. It is a whole mindset. You should always be in the habit of thinking a little outside the box.

Before you throw something away, question whether it can be reused, repaired, or used for an entirely different function. Also make sure, if the product is consumable (such as ketchup or shampoo), that you have used every last bit (turn bottles upside down, cut open tubes, etc. to get the last of it).

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Before buying something new, ask yourself if you absolutely must have it, or can something you already have work. Maybe you can even do without the item altogether. Avoid getting caught up in the "must haves" of today's society.

The world will not end if you cancel cable TV.

If you must purchase something, look for the cheapest price. It doesn't matter if it is a gallon of milk, or a washing machine - somebody, somewhere, will have it at least a bit cheaper. Use common sense, however. It's pointless to spend $5 on gas to get to a store further away to save $4 on a purchase!

By Leann D

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November 16, 2004
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