Can you believe it’s the New Year? After the parties and all the fun has ended, all that you are left to do is to do some catching up on your finances. After all the shopping and the splurging that you did over the holiday season, it is time to know how much you have left in your savings. You now need to work seriously on keeping up your finances to the dot. So before you end up with stripping yourself off with all your hard-earned savings, here are the top five New Year’s resolutions for frugal living to help you out.
Start Cooking At Home
When you get home from work, all that you look forward to is a warm home-cooked meal waiting for you at the dinner table. And yet, you always end up ordering pizza or buying take-out for dinner. Because you are too lazy to do your own cooking at home, you end up spending more from your food budget for the month. But is the take-out really necessary? Are you really too tired from work or are you just giving yourself an excuse to not cook? Set a goal this 2016 to start cooking at home. Not only will you save a lot of food costs every month, but you will be able to prepare healthy meals to your family. Get yourself all the recipes that you and your family loves to eat. Prepare a variety of dishes every week to spice up dinner meals.
Prepare your own Pantry
If you really love cooking or love eating, you should extend this to your pantry. Prepare your own pantry and make sure that you have all the ingredients you need for the dishes that you plan to cook. Don’t buy the ingredients that are unnecessary. Unless you plan to cook the dish in the next two days, you don’t need to buy its ingredients just yet. This is to avoid spoilage of perishable goods in your pantry. Take your cooking to the next level by choosing to prepare healthier dishes for the entire family.
No To New Clothing
This can be very challenging in the beginning. When you really love to shop for new clothes, it can be very hard to tell yourself to stop buying new clothes. But if you really want genuine change in your finances, you might as well take on the challenge. Say no to new clothing and build yourself a minimalist wardrobe. Not only will it teach you the value of simplicity is beauty, but it will allow you to save thousands of dollars on clothing that you don’t need. You can still buy new clothes when necessary. The idea is to reduce your clothing cost to as much as 1% of the usual budget.
Keep Track Of All Your Expenses
In theory, every household comes with a budget, but you don’t know that you have gone way over the budget, until you have ran out of money to spend. Very few people really know where their money actually goes. Start the year right but calculating all the expenses that you make in the month. Not only will this help you exercise how you should be mindful of your expenses, but it will allow you to see the aspects of your living that you can cut and actually make savings. While you are at it, re-evaluate the accounts that you currently have. If you don’t really need their services, it is best to have it cut off. That will truly give you a huge amount of savings.
Get Yourself Organized
Getting your life organized should be one of your personal goals this year. By keeping better track of your expenses, your mails, your work, your pantry, you can save a huge lot on everything, including your time. Keeping the pantry and the refrigerator organized will help you have less spoilage and less trips to the grocery too. Neatly folded clothes and other house hold items will allow you to wash them less often, thus postponing the likelihood of each one from getting worn out. The list goes on and on.
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