TABLE OF CONTENTS Being Frugal and Saving Money Introduction: Importance of Being Frugal and Saving Money: A. Saving for Emergency Situations: B. Saving for Retirement Benefits: C. Saving for Down Payments: D. Saving for Vacations and Trips: E. Saving for a Car: F. Establish a Sinking Fund: G. Saving for Educational Purposes: Non-material Benefits of Saving Money and Being Frugal: A. Enhancement of Positive Financial Characteristics: B. Financial Freedom and Independence: C. Improvement in Self Confidence and Endurance: D. Reduction in Stress Levels: E. Less Borrowing and More Wealth: F. What is Being Frugal and a Frugal Way of Living? How to Save Money and Be Frugal: A. Saving Money on Food: 1. Pantry Principle: 2. Avoid Processed Food: 3. Do Some Menu Planning: 4. Reduce Grocery Store Trips: 5. Start your Own Kitchen Garden: 6. Simple Eating: 7. Bulk Buying: 8. Use Brown Bags: 9. Do Not Waste: 10. Make Use of Leftovers: 11. Drink More Water: 12. Reduce Eating Out: 13. Take your Lunchbox: 14. Make your Own Baby Food: B. Saving on Utilities: 1. Water Heaters: 2. Turn off the Television: 3. Reusable Items: 4. Adjust your Thermostat: 5. Wear Warmer Clothes: 6. Take Cool Showers: 7. Clean your Refrigerator and Freezer: 8. Keep your Freezer Full: 9. Remove All Unwanted Electricity Drains: 10. Look out for Energy Drains: 11. Use One Telephone Medium: 12. Turning off Small Appliances: 13. LEDs and Energy Savers: 14. Plant Trees: C. Health and Physical Fitness Elements: 1. Discontinue Gym Membership: 2. Home Aerobics: 3. High Deductible Insurance: 4. Quit Smoking: 5. Take Extra Care: D. Transportation and Car Maintenance: 1. Self-change of Oil: 2. Shuffle your Tires: 3. Buy a Used Car: 4. Car Sharing: 5. Car Insurance: 6. Carpool: 7. Tire Maintenance: 8. Replace and Clean Airfilter: 9. Go Slow: 10. Plan Trips Together: 11. Walk: E. Dressing and Self-Grooming: 1. Do your Own Laundry and Ironing: 2. Stick with Existing Clothes: 3. Buy Items on Sale and at Thrift shops: 4. Shaving and cutting: 5. Keep Children’s Clothes: 6. Buy Fewer: 7. Clothes Swapping: 8. Home Remedies: F. Entertainment: 1. Go out: 2. Game Nights: 3. Let a Friend Make Dinner: 4. Plan your Vacation in Off Seasons: 5. Camping Trips: 6. Share DVDs and Movies: 7. Library: 8. Go for Healthier Hobbies: G. Computers and Technical Expenses: 1. Refill Printer Cartridges: 2. Print in Draft: 3. Download Free Software: 4. Consider buying Refurbished Equipment: H. Gifts and Giveaways: 1. Home-made Gifts: 2. Provide Special Services: Conclusion: INTRODUCTION: The general perception and attitude of most people living in today’s busy lifestyle is that it is socially acceptable to spend most of what you earn. People believe that putting in all the hard work to earn this wealth means it should be spent on enjoyment and making life luxurious. But in practical life this is not true. If you spend all your money without saving for rainy days, you might end up in great trouble. In the short run you might feel happy from all the spending but in the long run saving is the right path to follow. Have you ever thought what might happen if you lost your job tomorrow or God forbid end up in an accident or car crash. Truth is that all our life we encounter various surprises and unforeseen events. And most of the time spending of money in response to them is unavoidable. If you are a saver and have some bucks set aside for such surprises, it will definitely bring about some reduction in the stress and anxiety of not having the money. What is saving? Saving is the collection or accumulation of funds that can be used in the future to gain protection from the harsh adversities of life. Saving in the present can help provide flexibility in financial pressures in the future.