Driver #5 ~ Attitude (Frugality)

  1. Frugality Attitude (Your Driver #5 Mindset ~ Attitude)
    • Think like a saver.
    • Evaluate your spending and find areas you can save money.
    • Be open-minded and share a home with Family if feasible.
    • Use technology to help in being frugal. Anylist shopping App is a great app to organize shopping lists and allows you to enter item prices so you know how much you’re going to spend before leaving home.
    • Buy Less Expensive foods (processed are bad and can be expensive). We shop at Sprouts for our fruits and vegetables, which saves us money over our local grocery store. We also make a once monthly trip to Costco for bulk items, however, we make sure not to buy bulk foods that we will end up throwing out because we didn’t eat it before it expired.
    • Pack a lunch, great use of leftovers. No going out to lunch for my wife and me, except for on occasion. We save approximately $200 per month by bringing lunch or leftovers to work and eat healthier. How much is $200 per month worth over 5, 10 and 15 years? – A lot!
    • Plan dinner to have leftovers. Most nights we have leftovers which we bring to work or as part of a meal later in the week, which saves on our grocery bill.
    • Drink water instead of soda. I’m guilty here, I like a diet soda with dinner. I only have one soda a day at most and not every day.
    • Buy stainless steel water bottler versus plastic throwaway. It’s my personal preference to drink water from a stainless steel water bottle, no more trips to the store lugging cases of water home, and the water tastes great out of stainless steel, no more plastic taste.
    • Money not spent is found money. This is a big deal for me. I think in terms of this all of the time. This leads to evaluating purchases and thinking about the value of each dollar spent on a ‘want’ or ‘need’ and is your ‘needs’ really ‘needs’ or ‘wants’ in disguise?
    • Change your view of money and possessions. This may take some work. Most of us were not brought up to think deeply about money and our possessions and often use money and possessions to drive us professionally, often leading us to careers that are not really what we want to do but feel pressured as a way to afford what we believe we want.