By Shidonna Raven, Chef Editor
Source: My Money Coach
Sponsored by Shidonna Raven Patterns & Publications
Source Article / Images: Shidonna Raven Patterns & Publications. All Rights Reserved. Copyright. Please contact us for republishing permission and citation formatting.
Downsizing and learning how to live frugally can be a great strategy, because if you can learn to make do with less, you’ll increase your savings and you won’t find yourself struggling to adapt to a new lifestyle when a recession hits.
While DIY can be frugal, it is not necessarily living more frugal. Infact, most creative people often prefer what they make to those things they do not. None the less if one remains creative, using DIY projects can be a huge saver during a recession. So, creative people have a huge advantage and opportunity to DIY and save during a recession. Gifts in general and gift giving during the holidays is a perfect opportunity to DIY and save.
Living frugally isn’t as difficult as it sounds, and contrary to popular opinion, a frugal lifestyle isn’t about pinching pennies and depriving yourself of things that bring you joy. Rather, it’s about making conscious spending choices that reduces expenses, with minimal impact on your lifestyle.
There are lots of ways you can start living frugally. If your family has two vehicles, consider reducing it to one and making use of public transit. This choice alone could save you $9,000 per year. Or, if having two cars is necessary, consider selling one of the cars for a more fuel efficient sub-compact vehicle to save on the cost of gas. You can also look into downsizing your home or apartment, spending less on groceries, and scaling back on your cell phone plan.
The key is to ensure the cuts you’re making aren’t too extreme, or it will be difficult to sustain in the future. Learning how to get by with less is the key to recession proof living. Here are more frugal living ideas to save money.
Which pattern(s) will you choose to DIY this Mother's Day? Which other patterns can you DIY for Mother's Day? Which other ways can you save this Mother's Day?
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