Monday, June 1

How to Spend Like a Frugal Millionaire

I found this article & let's be honest someday I would love to be a Millionaire. So why not take advice on how to get there. Some of the things I am already doing, but it is always a great reminder on additional things I can do. My favorite are these 2 paragraphs... I of course would add coupons, but shhh... not everyone can save the way we do.

Spending philosophy.

Frugal millionaires are unique thinkers when it comes to spending money: 1) they can easily delay their need for gratification when purchasing; 2) they are resourceful in getting what they want by carefully timing their consumer purchases; 3) they make living below their means painless; 4) they don't like wasting anything (especially money); 5) their sense of "self-entitlement" is highly minimized: and 6) spending is OK with them...depending on what they are buying (think: appreciating vs. depreciating assets).

Eating In: Eat better and less expensively by cooking at home. Make it a friends and family event. Get your kids involved. Bonus: You can have that extra drink without worrying about getting busted for driving under the influence. Also: buy day-old bread at the best bakery in town and freeze it. Eat oatmeal, because it's the most cost-effective breakfast food. Get a supermarket "club card" and buy food on special. Play the game of trying to see how much of a discount can be saved off the total food bill.

Guest post comes from Jeff Lehman, author of The Frugal Millionaires. For the entire article (which I totally think is worth reading Click here)

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