SeaComm Federal Credit Union OFFICIAL BLOG

Four Frugal Habits to Save Money

There are a few reasons to be frugal. You might be saving for a big purchase, like a house or car. You also could be thinking about your children’s education. Here are a few frugal habits that will save you money.

Create a Meal Plan

One of the most common things that people spend more money on than they should is dining out. Creating a meal plan and eating at home will save you from overspending at a restaurant, and the grocery store. Once you figure out exactly what you’re going to eat for the week, you can create a shopping list to purchase only what you need. This helps your wallet in more ways than one.

Buy Used

Thrift stores are filled with great items at a much lower cost. You can find things to decorate your home, or replace something that broke and is expensive to repair. If you’re in need of some clothes, but you’re on a budget, thrift stores will have plenty of options, too. You can save hundreds of dollars depending on what you need.

Sell Items You Don’t Use

Saving money by paying less is great, but you can also add to your savings too. Modern technology makes it so easy to post an item and sell it. Online marketplaces are filled with people selling things they don’t need. Declutter your home and build up your savings at the same time.

Write Down Goals

Finding the motivation to be frugal is easier when you have a goal you’re working towards. Write down any goals you have as a reminder to continue saving. Once you attain a goal, cross it off. Working hard to save for these goals will help you develop other good saving habits. Eventually it will be second hand nature for you and your savings will grow.

If one of your goals is retirement, open and begin regular contributions to an Individual Retirement Account (IRA). An IRA with SeaComm allows you to save for retirement with tax-free growth! There are no monthly fees, no minimum balance requirements, and dividends are paid out on a monthly basis. Click here for more information.


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