This article is part of the How To Become An Outstanding Person In Twelve Weeks series. I strongly urge that you read the first article in order to get a sense of what is going on here.
Frugality (Week 5 of 12)
Make no expense but to do good to others or yourself; i.e., waste nothing. Benjamin Franklin was good at managing money. In fact, he was so good at it, he was trusted by all the people of Philadelphia (ok, not all , but many!).
The technique that I have been using in order to remain frugal this past week has been asking myself a series of simple question.
- Can I live without this purchase?
- Can I get a cheaper alternative without sacrificing quality?
- Can I use it and return it? (just kidding!)
Another thing that I factored into the equation was the cost of my purchase, if it became a habit. For example, buying a cup of coffee ($1), could turn into a daily habit, and in one year I would spend a considerable amount ($365).
You can also add the incentive of what kind of toll that cup of sugary, caffeinated beverage would reap on your body after a years worth of daily use (extra calories, high cholesterol, and yellow teeth). Need I say more?
I was not able to apply health risks to all of my purchases. I couldn’t justify how getting premium gasoline, versus regular would be more detrimental to my health. I went for the cheap stuff regardless.
I did manage to eat at home and cook myself healthy and simple meals throughout the week, with only one, less frugal dinner on the weekend. This certainly saved me a lot of money. Plus, I was able to cook enough to have left overs, thus saving cooking time and trips to the store.
I would insert a quote here about “a penny saved is a penny earned“, but than I would have to close the comments section in order to not be bomb barded for such a tacky cliché. Even though it’s true!