Staying Out of Debt

Tip: Debt Free, I'm Still A Frugalite

Well now that I am debt free, I am still a frugalite as I am saving for a one year emergency fund. Here are a couple of the ways which I am doing it. I hope that you will be able to apply a couple to save a little money.

To begin with let's begin with the limitations, of which a major one is that I live in an apartment, so I can't do any structural changes such as adding insulation to decrease my heating bill etc. But other than that the sky is the limit. So here we go:

• I made window blankets from old thrift store blankets which I found cheap, cheap, cheap at my local thrift store. I covered them with some broadcloth which was in my fabric stash for aesthetic purposes. I hung them at my windows which considerably warm up the rooms.

• I love wearing thermal underwear; however, when I pulled out all of my thermal underwear which I have worn for several years, I found that the elastic at the waist had lost its elasticity so I had stopped wearing them. I contemplated purchasing new ones, but decided instead to sew a waist casing (again from my broad clothe fabric stash) and place elastic within the casing. This rendered these underwear usable for a couple more years and saved me a bunch in replacement costs.
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• I have begun turning off my heat at night and instead sleeping with flannel pajamas, heavy hunter's socks, a scarf, and a sweatshirt. I am toasty warm.

• I have an electric heating pad at my back when sitting reading or sewing while on the couch as well as a blanket on my legs.

• I brought all of my clothing drying racks indoors. I dry all of my clothes on these racks. The clothes raise the humidity level in the house, which makes the temperature feel warmer and saves me the cost of purchasing, as well as the expense of operating, a clothes dryer as well as a humidifier.

• I find that my neck gets cold while in the house so I wear a neck scarf indoors. Who cares what other people think? I am toasty warm.

• I stopped using the stove which came with my apartment for baking and instead purchased a counter top toaster oven. The toaster oven uses less energy and gets the job done. I have even perfected making bread in the toaster oven.
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• I unplugged the mammoth refrigerator which came with my apartment and instead purchased a 1.7 cubic foot compact refrigerator. It is similar to the type which you see in college dorm rooms. I have found that it perfectly meets my needs, saves on electricity, and as an added bonus I never encounter spoiled food which used to get pushed on a back shelf in my old refrigerator and forgotten.

• Last spring, I found sweaters on sale for a quarter at my favorite thrift store. Needless to say, they were picked over and the ones which were left were very short. They barely came below my bust. I purchased three anyway and got out my old crochet hook and crochet several inches to them to make them waist length. I saved a bunch versus purchasing new ones.

• I have over two dozen long sleeve t-shirts which I purchased over three years ago. My city water has a lot of minerals and after several washes they looked pretty dingy, even though I use bleach. I did not feel comfortable wearing them to work. I decided that instead of replacing them, I would use fabric dye and dye them. I found the dye at the grocery store for only $1.67 per box and I was able to dye three t-shirts per box. They turned out GREAT. I saved a bundle as each long sleeve t-shirt would have had a replacement cost of $6.00 each.

I hope that these were of benefit to you and please keep sending in these Frugal Life stories. I love reading what others are doing.

By Lovejoy from Dallas, TX

Do you have a frugal story to share with the ThriftyFun community? Submit your essay here: http://www.thriftyfun.com/post_myfrugallife.ldml

Article: My Frugal Life: Staying Out Of Debt

We started living a frugal life because we have 7 children, and I wanted to stay home with them. We did not want to be saddled with debt. I planted a garden, raised chickens, and beef. I shop a lot of bent and dent stores and Amish bulk food stores. I really try not to overbuy. I use coupons and shop sales only. I have had family members make fun of me.

Now that I have 2 grandchildren who live 2 hours away, it is nice to have the money to be able to go see them. We kept our thermostat set at 62 until we could afford a wood furnace. We don't take money from the government.

Our first 3 children paid their own way to college with no government aid and no debt. One is a nurse, one a lineman, and one a mechanic. Our next son is planning on starting Tech school in the fall. They have taken many jobs and worked very hard. I thank the Lord for what we have.

By Jilly

Do you have a frugal story to share with the ThriftyFun community? Submit your essay here: http://www.thriftyfun.com/post_myfrugallife.ldml

Tip: Budget for Paying Off Debt

For all income that comes in, no matter how small, pay off the debt with 50%, and live off the rest. This works wonderfully and is wise.

Article: The Basics for Starting Out on Your Own

As colleges prepare for graduation, thousands of people prepare to enter the workforce. There's a promise of paychecks and prosperity, but there's also the threat of dangerous levels of debt.

Tip: Tips for Staying out of Debt

My way of not going too far into debt has always been the same: I don't spend more money than I have. I do use credit cards but never charge more than I have in my savings account...

Article: Combat the "I Need It" Attitude

The economy is poor, but that's not the only reason that people are in debt. Other factors play a huge role in the circulating debt that swarms above the homes of America, and one of them is the "I need it" attitude.

Simple Debt Free Living

Self-Help Debt Management Program www.simpledebtfreeliving.com. Live Debt Free! You deserve financial security and independent wealth. Anyone can do it. You Deserve IT! Start saving now. Includes a plan, ideas and resources for debt reduction, household budgeting, frugal living. Reduce expenses, save money, balance your budget.

Link: http://www.simpledebtfreeliving.com