Ideas For Living Frugally
How can I learn to live frugally?
My wife and I both want to save for our own and our childs future, and I've agreed that intead of spending over £150 per week on silly things that I don't need such as takeaways, pub visits, new clothes etc etc etc I'll live on a budget of £40 per week which will include my petrol for car, food for the week, and anything else that crops up.
I find this idea very excitiny as I know It will do me and my family good, my wife and I earn a good wage so therefore we'll be able to watch our money grow but ONLY if I stick to this plan. What sort of tips can you give me? how can I make this £40 per week last on everything? (am I being too optimstic?) could YOU live on £40 per week?
Thanks a lot,
Ricky.
Well done Ricky, good question. Depends a lot on where you live of course, and your target whilst admirable is a bit ambitious, bearing in mind there seems to be a child in the house. Given these current times, and providing you do not drink or smoke, heating and lighting might be your biggest outgoing after rent/or mortgage, more expensive for you than food. A tip for you - We like to eat in a sensible healthy fashion without going overboard about it. I make a gallon of Bolognaise sauce from tomatoes, peppers, onions, and only half a pound of minced beef. With the Italian herbs and two stock cubes it makes a delicious meal with pasta. I calculate that We get 12 generous helpings each from this at a cost of £0.95 each. Freeze it. Also we buy a chicken, roast it for a Sunday lunch, take off the rest of the meat to make a stirfry with veggies, boil the carcass of the chicken with carrots, lentils and rice for a very tasty soup. One chicken, plus bits and bobs makes 8 good healthy meals at about £0.65p each.
Frugal Living