Here are some I have adopted recently while on my journey to frugality; p.s some of you have got a shout out in the blog so be sure to check it out
Outline your needs v wants. Identify the wants that you can live without, and agree that some of them are needs, even if its a family size crate of Milo every month. Family size is subjective, remember that.
Set a savings goal and map out a plan to get there. Not just like “oh I want to save a grand”, but literally write down what money you are going to sacrifice from your monthly expenses, and then consciously agree not to spend it each month. For the first 3 weeks I was just putting everything on my credit card. (you can see why I need this)
Talk to your grandparents. Or talk to mine if you want. They used to clean their houses and feed their children with 2 lemons and a can of beans, and still have leftover ham for supper. Where did they get the ham? How did they clean a house with 2 lemons? These are questions you should ask them, because they used to make do with much less and are now all sitting on piles of cash and property so… ask them how.
Dip a toe outside your comfort zone, then a foot, then a leg. The best part about change is it forces you to reevaluate your routines. Some of them are straight garbage and you know it. Sometimes I eat a whole packet of gummy bears and a wheel of brie before I go to bed because I have terrible food control, I recently went away on holiday and did not have access to my usual supply of brie and gummy bears. All it took was a week, and now I don’t have the same cravings.
The same can be said for our savings, all it takes is cumulative small changes to achieve your goals, just remember to not take yourself to seriously (we’re all doing our best here) and to have fun with it. You’ll probably fail a bunch before you get it together, but you’ll feel better knowing you’re working towards something
(Xinja or myself is not giving any financial advice. Obviously we have not considered your personal circumstances we are simply sharing a few stories and talking about money mindsets from a general perspective. Xinja is not a ‘bank’ and cannot conduct ‘banking business’ yet, but is working with regulators to become a ‘bank’ and be able to conduct ‘banking business’!).