How to Live Frugally

This seems to be a common search as of late, and it keeps popping on my blog “What does it mean to live frugally?” That blog was more of a rant on how we are treading the waters where we swim. I’m not sure I really know how to live frugally. I have learned a few things over the years and past few months, and those are:

  • Track your expenses (write everything down)
  • Create a budget
  • Use a Baby Step Method, I like the following:
  1. Create a $1,000 emergency fund
  2. Pay off debt (except house) with debt snowball
  3. Add to started emergency fund, finishing at 3-6 months of living expenses
  4. Retirement plan
  5. College fund for kids
  6. Pay off house
  7. Be charitable

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