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Fri Nov 8, 2019, 10:03 AM

5 Things Frugal People Do Not Do

https://premeditatedleftovers.com/naturally-frugal-living/5-things-frugal-people-not/




5 Things Frugal People Do Not Do

1. They donít pay for items on credit. When you buy something on credit not only do you pay for that item but you pay interest. So you pay MORE for the items then you already planned too! Ouch! So what do frugal people do? They save money to pay cash for those items. They make car payments to themselves, they make house payments to themselves instead of to the bank, and they earn interest for themselves in a savings account! Plus you can score a better deal when you offer to pay cash for something!

2. They donít waste leftovers. Tossing left over food is like tossing money right in the trash! Eat the leftovers for lunch and save on lunch the next day! Some frugal people take it to the next level and purposefully cook extra to have leftovers for lunch. End of the week and have left overs still in the fridge? Have a left overs meal, that means no cooking!

3. They donít ignore the clearance rack. In fact, frugal people tend to hit clearance racks first. Walking into a clothing store, they gravitate to them to find what they need there first. Even grocery stores have clearance racks, so why pay full price for something on your list when you can get it at a discount? They also remember that just because it's on clearance doesn't make it a deal if you don't need the item.

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Arrow 11 replies Author Time Post
Reply 5 Things Frugal People Do Not Do (Original post)
NeoGreen Nov 8 OP
empedocles Nov 8 #1
Dr Hobbitstein Nov 8 #3
empedocles Nov 8 #5
Dr Hobbitstein Nov 9 #10
empedocles Nov 9 #11
safeinOhio Nov 8 #2
Freddie Nov 8 #4
unblock Nov 8 #7
Freddie Nov 8 #6
Duppers Nov 8 #9
Backseat Driver Nov 8 #8

Response to NeoGreen (Original post)

Fri Nov 8, 2019, 10:07 AM

1. I got a phishing warning on this cite

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Response to empedocles (Reply #1)

Fri Nov 8, 2019, 10:10 AM

3. False alarm. nt

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Response to Dr Hobbitstein (Reply #3)

Fri Nov 8, 2019, 10:12 AM

5. How can you tell?

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Response to empedocles (Reply #5)

Sat Nov 9, 2019, 09:12 AM

10. Because it's not a fake site pretending to be legit asking for personal info.

Phishing is when a fraudulent site or email (or caller) is disguised to be legitimate in order to extract personal information from you via trickery. This site is none of that. Whatever security app you are using is falsely flagging the site.

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Response to Dr Hobbitstein (Reply #10)

Sat Nov 9, 2019, 10:00 AM

11. thank you

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Response to NeoGreen (Original post)

Fri Nov 8, 2019, 10:10 AM

2. On Fridays I save a ton of money and also make

lots of money at garage sales. Pennies on the dollar.

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Response to NeoGreen (Original post)

Fri Nov 8, 2019, 10:11 AM

4. Or if you do use your credit card

Online, or certain stores (Kohlís) give a discount if you use the card, pay the bill in full immediately. Helps your credit score if you pay when the bill is available online and not wait for the due date.

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Response to Freddie (Reply #4)

Fri Nov 8, 2019, 10:23 AM

7. if you don't carry a balance you can pay the statement balance in full on the exact due date

as soon as you get the statement, you can go online and schedule the full statement balance for the exact due date.
as long as you aren't carrying a balance across statements, you don't pay any interest, and the money instead is earning interest for you in your bank account or wherever you have your money.

that's a tiny interest rate these days but hey, it's money.

of course with credit cards this is a good idea only if you're very diligent and disciplined about paying the statement balance in full by the due date. get a single payment late and you've blown at least a year's worth of interest savings.

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Response to NeoGreen (Original post)

Fri Nov 8, 2019, 10:14 AM

6. My granddog is a Lab

What are leftovers?

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Response to Freddie (Reply #6)

Fri Nov 8, 2019, 04:16 PM

9. Same here, except for salads.

Green beans are even scarfed down.

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Response to NeoGreen (Original post)

Fri Nov 8, 2019, 10:31 AM

8. I'm always amazed at these tips...

Stagnant wages and corporate employment churn means most families are frugal by necessity not choice. This family has battled "unemployment" episodes since the 80s. These tips are typical of authors who have no clue about how and what families sacrifice to just keep food on the table or the lights on. Most will never ever return to a time when frugal living wasn't just experiments in saving for a rainy day -- all their days are rainy -- all conveniences that break are emergencies -- all gift-giving, donating, and traveling have long since been replaced by surviving.

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