9 Things frugal people don’t pay for

Frugal people know what's worth paying for and what isn't, and how to get the things they want and need for free!  Each of these 9 Things frugal people don't pay for are sure to save you money.

 

Why pay good money for things you could otherwise get for free?  Frugal people know what’s worth paying for and what isn’t, and how to get the things they want and need for free!  Each of these 9 Things frugal people don’t pay for are sure to save you money.

 

1. Bottled water

Bottled water is so expensive when compared with the per litre price of tap water, and that’s mostly thanks to the cost of bottling the water and transporting it.  You can save a small fortune by instead buying a nice reusable water bottle, and filling it up before you leave the house.  If you don’t like the taste of tap water, do what I do and invest in a water filter.  It will make your tap water taste just as good as the bottled variety.

 

2. Books and magazines

No matter what your interest it, you are sure to find websites online with plenty of articles that could replace your usual magazine purchases.  Pinterest is also fantastic for browsing for new ideas, just search whatever you are into and off you go.  If you can’t let go of your regular magazines just yet, try getting them free from your local library.  Either get physical copies from your, or check if your library allows you to view magazines (and books) digitally.  I read all of my favourite magazines online thanks to my local library, and it’s all completely free.

 

3. Text messages

If you get unlimited texts as part of your mobile phone plan then that’s great, you are already not paying for text messages.  If not, there are plenty of free apps out there that can replace traditional text messaging, all you need is a data allowance or to connect to free wifi.  I use the Facebook Messenger app, most people are on Facebook already anyway so it’s a great way to instantly connect with friends and family.

 

4. Interest

While it can’t always be avoided (like in the case of a mortgage on a house), interest is a huge waste of your money.  It’s always worth avoiding debt whenever possible, like paying back your credit card in full each month, and only buying big ticket items if you can afford to pay cash.  A mortgage might be a necessity to keep a roof over your head, but that doesn’t mean you can’t minimise the amount of interest you do pay.  Every extra dollar you can put toward paying off your mortgage is going to have a ripple effect on reducing the amount of interest you pay, which is going to save you huge amounts of money in the long run.

 

 


 

5. Home repairs

There are some home repairs that you just shouldn’t attempt, like anything involving electricity for example, but there are so many other things that you can do yourself.  When you take a look at just how much some of these repairs would cost you to get done by someone else, it can be well worth attempting the fix yourself.  The internet is a fantastic resource for all things DIY, and you are sure to find YouTube videos explaining how to do all sorts of repairs.

 

6. High insurance premiums

Insurance is big business, and there are many insurances out there that are just not worth the money.  Rather than sign up for an insurance policy just because your bank or a sales person recommended that you do, take a good look at the policy and how much benefit you will actually gain for it.

 

While not all insurance are worth it, others are absolutely essential, such as car, building and contents insurance.  Always spend a little time once a year getting a few quotes to make sure you are still getting the best deal on your essential insurances, ideally when you get your annual insurance renewal.

 

7. Late fees

Not only are late fees a complete waste of money, they are also totally avoidable.  Get organised, know when your bills are due and pay them on time to avoid pointlessly wasting money.  If you are struggling to pay your bills by the due date because of a lack of cash, speak to the provider rather than just accepting the fees, they will often waive the late fees and set up a payment plan for you.

 

8. Unused memberships

So many people join the gym with good intentions of regularly going, but the reality is it just doesn’t happen, so they end up paying for a membership they don’t even use.  If you use your membership, whether it be for a gym, Costco type store or other membership then it’s absolutely worth paying for, but if it doesn’t get used it might be time to look at ditching it.

 

9. Upgrades

There is so much temptation these days to upgrade our belongings as new as a newer, flasher version is released.  Frugal people are more likely to avoid upgrade temptation and only buy newer items when their old ones break.  My mobile phone is well over 4 years old now and there have been a stack of newer models released since then, but while it still works fine there isn’t much point in spending the money to replace it.

 

 


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