_savings   frugal

Qualities that Will Get You More Money

by Mary Ann Romans | More from this Blogger

25 Jun 2009 04:48 AM

If you can foster the following qualities in yourself, then you will wind up with more savings and a better budget. Here are some things that every frugal living person should have.

Patience

The old saying may be that "time is money," but we can turn this around to mean that being patient with time is more money. How? Well anytime that you can be patient with a purchase you will generally save money, whether it is waiting a year for the price of that new gadget to go down, shopping around for a new mortgage or saving up for a purchase rather than using credit.

Here are two small examples: a new hardcover book from the bookstore costs $25. Wait a few months. A barely used one, purchased by someone for $25, read, and discarded, costs $1 or less at the library, used bookstore, thrift store or yard sale. And that iPhone everyone had to have at $399 when it first came out is now only $99.

Creativity

Being creative can go a long way to saving you money. There are so many ways to apply your creativity. You can repurpose items instead of buying new ones. You can do your own projects instead of hiring someone. You can create wonderful meals out of inexpensive ingredients. You can figure out a solution to a need that doesn't involve spending or purchasing something. A good friend of mine has furnished her entire house out of items that she has found for free and then turned into something else. A old bed headboard has become a mantle for an outdoor fireplace, large spring water bottles have become lamps and an old porch swing was given new life as a couch.

What are some of the other qualities you think a frugal person should have?

You can read more articles by Mary Ann Romans when you click here

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Learn more about Mary Ann Romans
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Mary Ann Romans is a freelance writer, wife and mother of three children. She lives in Pennsylvania with her husband, the kids and a 16-pound cat.

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User Comments

Samual (11722) 25 Jun 2009 06:05 AM

The iphone is still Ă‚Â£360 in the UK almost twice as much as it ever was in the US.

StBridgit (322) 25 Jun 2009 02:51 PM

Contentment is required, I think, to be a frugal person. You don't desire every new gadget and marketed product. You are happy with what you have and only buy what you actually need.

thequeenofthecastle (413) 25 Jun 2009 07:05 PM

I second STBridgit. We all need to find contentment in our lives, because it really will allude most people no matter how much they have or don't have in terms of material possesions. Contentment is a choice. We can focus our attention on what we want, or we can find peace and graditude in what we have. When I find myself being discontent, I stop and immediatly ask myself to name at least 10 things in my life I am grateful for. I have never walked away with only ten.

Mary Ann Romans (26876) 26 Jun 2009 05:14 AM

What great points! I think there is a lot of joy in contentment. I tend to get excited over little things, and so do my kids. I don't want them to be bored to death with a house full of entertainment.

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