With Frugal February starting tomorrow, it is time to name your goals for the month. Some of the Toronto SmartCanuckers have a very impressive goal of only spending $100 per couple for the month (outside of regular bills and transportation). Others are just not eating out and are cutting extra spending like movies etc.
For some people, Frugal February means trying not to buy anything, they stock up before Feb 1st and spend money only on bills and essentials like getting to work etc but that is a little extreme for most people. The true essence of Frugal February is about shopping only for essentials and not all the extra consumerism that our society has become.
You would buy only groceries, brown bag it rather than buy lunch out, have fun at home rather than go to the movies etc. Frugal is about trying as many money saving ideas as you can, such as spend-free days, not eating out, etc., and live as cheaply as possible. Try to eliminate all non-essential spending and only spend money on necessities and put the money you do not spend towards debt or savings – not blow it all on March 1st.
What are your frugal goals for the month?
If you are taking part, feel free to use this icon as your avatar on the forums, we will start a thread there tomorrow for people to discuss how their month is going. (right click, save as and then add to your profile here)