1/25/2006

Happy National Creative Frugality Week

I didn't even know this week existed, and here we are right in the middle of it. Apparantly this is the 8th annual already.

"Frugality without creativity is deprivation" says Amy Daycyzyn. How true this is. If you can work your way around money problems creatively, you often won't even feel the pain of cost cutting.

Nancy Twigg, the founder of Creative Frugality Week, has some pointers for us on how to start thinking creatively. From Creative Frugality.com

1. Write it down. – For at least one week, record every single penny you spend. This will help you see exactly where your money is going and how you can cut back.

I could do this off the top of my head -
Sunday - went out to eat - $22
Monday - spent nothing
Tuesday - Bought groceries ($19.50), gas ($15), a heater filter ($10.50), withdrew money for Brent's allowance ($20), and paid the phone bill ($135)
Wednesday - nothing so far

2. Cut out extras. – Once you see where your money goes, try to eliminate one or two of the non-essentials such as that cappuccino on the way to work or those extra goodies at the grocery store.

Almost bought some soda for company we are having later in the week, but then remembered that we have kool-aid and iced tea, so I put it back.

3. Put off spending. – For items that are necessary, challenge yourself to delay that spending as long as you can. Try to use up what you already have in your pantry; walk instead of driving when running errands nearby.

One thing that helps me with this is to keep a general 'needs' list in addition to my grocery list so when we are already somewhere, I can consult it right there. Yesterday, Brent was already going to Menards for work, so I tagged along and picked up the heater filter that I know we will need soon.

4. Lighten up. – In addition to saving money, look for ways to make extra money. January is a great time to declutter. Pad your wallet by selling your extra stuff through the classified ads, at a consignment store or through an online auction like eBay.

Haven't done much of this. Too much work for me.

5. Enjoy free fun. – Cut corners but don’t cut out all the fun! Do something fun this week that doesn’t cost you a dime such as curling up with a good library book or visiting a free exhibit with someone you love.

Brent got this puzzle for Christmas - I think we are set on the free entertainment for quite a while.

Got any creatively frugal tips for me?

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