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Frugal Living – How to Stay Motivated in the Long Term


Most people are full of enthusiasm when they first start learning about the frugal lifestyle. The list of ways that one can save money seems endless and the internet is packed full of success stories. After a few months, however, the whole thing can start to feel a little bit tedious.

frugal living

This is because when most people start out trying to be more frugal, they tend to exaggerate just how much they can save every week. And when they realize that they’ve exaggerated, their enthusiasm for the frugal lifestyle tends to plummet.

Should you be experiencing this sudden lack of interest in all things coupon related, it is important to stick with it. In the end, your bank balance will thank you for it. If you are looking for some help in keeping motivated, here are a few helpful tips for doing just that.

Remind Yourself of How Stressed You Used to Be

One of the most common reasons for people deciding to live a more frugal lifestyle is that they are sick of constantly being stressed out about their financial problems. Debt, unpaid bills and generally just scraping by each week can really take a lot out of you. And not only is stress not exactly enjoyable, but it’s also not good for your heart either. Therefore when you find yourself getting tired of the coupons and the price comparison, always remind yourself just how stressful life can be when you are not watching your spending.

Monitor Your Progress

If you want to keep yourself motivated to be frugal, you need to be able to see your progress. If your goal is to cut down on your weekly expenditure, write down what you spend each week and enjoy watching that figure drop. If your goal is to get out of debt, write down how much you pay off each week. Unfortunately, being frugal leads to more long term benefits than short term ones. And those long term benefits can be difficult to spot if you don’t keep detailed records.

Find Inspiration in Other Peoples Success

The internet is full of stories about the positive impact that being frugal has had on people’s lives. Reading such stories can be a great source of inspiration and they can be the perfect kick you need when you are considering giving up. And when you read about the massive financial problems that some people have overcome through frugal living, such stories can really give you the confidence you need to solve your own.

Don’t Be Petty

An important part of being frugal in the long term is picking your battles. When you start getting petty, skipping things that you really enjoy to save minuscule amounts of money, it’s very easy to lose your motivation, and fast. There are many ways that you can keep your expenditure low while still enjoying your life. If there’s something that you really enjoy and it doesn’t cost you much money, don’t even consider giving it up.

Only Set Realistic Goals

Unrealistic goals are one of the most common causes of failure when it comes to trying to live a frugal life. This is because unrealistic goals are rarely achieved and when that happens, many people lose their motivation to keep at it. It’s therefore important to only set realistic goals. If you want to lower your grocery expenses, don’t expect to half them your first week. If you want to get out of debt, except that it might take a while.

Don’t Give Up When Something Goes Wrong

Being successful in your frugal endeavors does not require perfection, it simply requires that you don’t quit when something goes wrong. If you’re car breaks down or you purchase something stupid, accept it and move on. Don’t use a temporary setback as a reason to go back to your old ways. It doesn’t matter how frugal you are, some expenses are beyond your control.

Blow off Some Steam

When you find yourself getting sick of the endless penny counting, there’s nothing wrong with blowing off some steam. Although I certainly don’t recommend purchasing a new car, a nice meal in a fancy restaurant once in a while certainly isn’t going to kill your budget. Never eating out again, on other hand, might just kill your motivation.

Times When You Are Not Living Within Your Means

Living within the means you have and spending less than what you earn is the most important aspect of personal finance. Whether you consider yourself a responsible person concerning finance, sometimes you come up with less cash in your hands. Many people fail to maintain their realistic spending. The following are some of the things that can be seen as an indication when you are not living within your means. By keeping these things in mind, you will be able to save a lot of money, which you can use at the time of emergency.

1. You Don’t Have a Track Of Monthly Spending:

If you always end up with no money in your hands and you do not have any idea about where is your money going, then there might be really hard times coming to your financial life. If it’s hard for you to answer what are your expenses, then you should have to do it right now and compute all your monthly expenses.

2. You Start Using Your Credit Regularly:

When you are living beyond your needs, you start buying things using the credit card, which you used to purchase by money. Not only this, but you start withdrawing cash using a credit card and use the money to free yourself from the expenses. This thing will end up when your credit card has maxed out and you cannot increase its limit. Credit cards can only be used for emergency purposes when you do not have money at that time. But using them regularly will put you in trouble. So avoid using them regularly.

3. You Take loans to Pay debts:

If your credit and debts become too much that you cannot pay them with your income, and you take a loan to pay them, then it means that you are living way beyond your means and you do not have enough resources to keep and maintain your lifestyle.

4. You couldn’t Spend At Least 6 months Without Income:

If you could not spend at least six months without your income, then you are not doing well financially. Generally, the amount of money you have in reserve depends upon how long you are going to be unemployed. So always try to save as much money as you can for the bad days.

5. You are not saving much:

Research shows that you have to save at least 15% of your monthly income for your retirement purposes. If you are not saving money at the end of the month, this means that you are not living within your means.

Final Words:

These are some of the indications that will show up when you start to spend more than you earn and you do not save money. Try not to follow these things because these things will disturb your financial life badly.

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