Frugality is the simplest, quickest way to improve your finances. When compared with increasing your income, living frugally is far easier.
Being frugal can play a huge role in helping you reach financial freedom. How? It increases the gap between your income and expenses.
Try to be thoughtful when choosing your initial money-saving tasks. You'll gain a greater sense of satisfaction when your frugal decisions are true to your values.
1. Revisit your recurring expenses to see if you can reduce, cut or optimize them. 2. Every year or so, shop around and get two to three new quotes on your recurring expenses.
3. Instead of leaving for a competitor, try negotiating with your biller. 4. Want to live in your house for free (or close to it)? Try house hacking!