Frugal Archives - MoneyWatch101

Always Aim to Be As Efficient As Possible

Hey guys do you wake up in the morning and think I will be wasteful today. I hope not and if your like me you will always aim to be as efficient as possible. Like a brand new Prius car eking out the last ounce of gas to get you every last efficient mile during a road trip. Think of your action and movements in life as if your a Prius car, and become an efficiency machine.

Lets dissect the real meaning of efficiency courtesy of good ol’ wikipedia :

Efficiency is the (often measurable) ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste.

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Frugal Tip of the Day

This is a quick frugal tip of the day post to help you win with money. The frugal tip is – Avoid Vending Machines. The mark up for vending machine drinks and snacks is over 30%+ when compared to supermarket prices. I have not used a vending machine in over 3 years now, even though my job has one in every floor of a 3 floor building. How did I accomplish such a feat? Well I planned properly, bought my snacks in bulk then brought it in to work. As for drinks, I stopped drinking soda and any sugary juices, and substituted it for water. See below for some simple comparisons.

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What should you buy at Costco

Hey guys it’s me again giving you a few tips to help you stretch your dollar a bit further. I want your cash flow to go a long way and possibly reach the next month so that you can invest it or pay extra on debt. So if you like saving $$ on groceries and you have a Costco membership well you must pay attention to this post as you will most likely save with smart purchases. One thing I am good at is when I have to go to Costco, I tell myself to not deviate from the list of things I need to buy. If my list is small I remember them mentally, but if it is more than 10 items then I write them down and stick to them with conviction.

The number reason these warehouse clubs make money is from people making spontaneous purchases on high margin items that are not in the food category. So try to be the same way when you are trying to reach a new level of efficiency with your cash flow.

The products that you will save money by buying at Costco are normal food/ drink items for the house hold. Just pick and choose the things that pertain to your life. Obviously Costco has thousands of other products that can possibly save you money like LCD TV’s and computers, but for this post we will concentrate on grocery items only.

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Frugal Tips to Save you Money

Frugal Ways to Save Money — Frugality is Key to Help you Save

Hello Friends it is that time again where I provide you with some frugal tips to save you money now on this Friday edition. I know what you are thinking its payday, why do I have to be frugal? I want to burn a whole in my wallet to waste cash. Well I look at things a little differently as pay-day is the perfect time to be frugal and save more.

When you can double up on good opportunities, you will begin to see great results. Just last weekend I tracked my expenses and guess how much I spent, under $20 bucks for the whole weekend. Now I didn’t plan on this amount being so low, it just sort of happened. When was the last time you were surprised like that with tracking expenses and noticed a smaller amount in a specific time frame than expected?

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