How To Embrace a Tighter Budget LifestylePosted: February 2, 2011
If you are having some trouble embracing a new budget lifestyle and trying to focus on creating a budget for yourself, it’s a good idea to keep these tips in mind.
1. Recognize needs and wants. Make two lists of items that can be classified as an essential or a luxury. Determine which of these items brings you the most happiness, regardless of essential or luxury. When you have this list done, consider your budget. Use these lists to scale back your life: should you move to a cheaper area? Rent a room out? Take fewer vacations? Sell expensive, unwanted antiques? Grow your own food? Try to prioritize your wants and needs, but don’t limit yourself completely.
2. Shop second-hand. It’s astounding how spare cash can begin to add up. Instead of spending all your money on new furniture, shop around for slightly-used items. Use websites, secondhand stores, or garage sales. Not only will you be able to find great deals, you may find some unique and one-of-a-kind items.
3. Do more things yourself. Instead of hiring a maid, do a little extra cleaning yourself. If you have a gardener, give him a break and work out your green thumb and learn how to do new things. You may even discover a new hobby such as furniture making!