Frugality isn’t about deprivation. It’s a mindset that embraces challenging yourself to make the most of what you have while reducing waste and eliminating stress. Many people associate frugal living with obsessive coupon clipping, scraping, scrimping and doing without.
This false perception keeps people trapped in cycles of debt, mindless consumption and the stress that comes from trying to maintain a lifestyle that is beyond their means.
Frugal living is an empowering and challenging way to live better for less. In doing so, you free precious time and resources that will allow you to pursue wealth building opportunities. A frugal challenge is an exercise in personal growth, not just a money saving exercise.
To show you just how amazing adapting a frugal mindset can be, we’ve developed a 30 day “break free” challenge that will teach you the basics. Whether you’re brand new to saving or consider yourself an old pro, this challenge will teach and encourage strong habits that will leave you feeling better prepared and in control of your own financial destiny.
Work on the steps each day and by the end of the challenge you’ll have developed several new habits that will have you well on the way to living your best life for less.
During this challenge you will learn how to:
- Understand how your habits may be undermining your financial success
- Eliminate waste and excess
- Create working plans and get organized
- Generate monthly savings even if you think it’s impossible
- Recognize opportunities to both save and earn
- Invest in items that will pay for themselves and save you money in the long run
The following is a 30 day challenge. Use the daily frugal living tip and corresponding exercise to develop new, positive habits. At the end of the 30 days you’ll notice a huge difference in your pocketbook and your attitude about living well for less.
Day 1 – Kill the clutter
Clutter leads to chaos. When you live in a disorganized home with too much stuff it’s difficult to know what you truly have. This leads to excess spending on items you don’t need and having to maintain and store items that are no longer useful. Clutter is a drain on energy, money, and time.
Exercise: Take note of disorganized and cluttered areas in your home. Start the process of clearing excess even if it’s just a few minutes per day. As a rule of thumb; if you haven’t used it in 6 months throw it away or donate it.
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