Skip to content
United Settlement
  • Manage Your Debt
    • get-startedGet Started
    • settlementDebt Settlement
    • consolidationDebt Consolidation
    • debt-managmentDebt Management
    • bankruptcyBankruptcy
    • credit-cardCredit Card Debt
    • businessBusiness Debt
    • car-loanAuto Loan Debt
    • student-debtStudent Loan
  • Understand Your Debt
    • credit-cardCredit Card
    • business-2Small Business Debt
    • medicalMedical
    • loansLoans
    • umbrellaCredit Card Relief
    • interest-ratesInterest Rates
    • student-debtStudent Debt
  • Tools & Resources
    • faqFAQs
    • credit-cardCredit Guidance
    • calculatorCalculator
    • call-usContact Us
    • contact-usAbout Us
  • More
    • Debt Settlement
    • Debt Consolidation
    • Reviews
    • FAQs
    • About Us
    • Contact Us
    • Blog
    • Sitemap
    • Debt Relief by State
    • Careers
Debt Relief & Settlement Programs
Logo
United Settlement
phone icon 888-574-5454
client icon Client Log In
  • More
    • About Us
    • Proven Results
    • Reviews
    • Contact Us
    • Debt Settlement
    • Debt Consolidation
    • Debt Management
    • Business Debt Relief
    • Credit Card Debt Relief
    • Debt Relief by State
    • FAQs
    • Blog
    • Sitemap
    • Careers
Qualify For Debt Relief
Debt Relief & Settlement Programs
  • Manage Your Debt
    • get-startedGet Started
    • settlementDebt Settlement
    • consolidationDebt Consolidation
    • debt-managmentDebt Management
    • bankruptcyBankruptcy
    • credit-cardCredit Card Debt
    • businessBusiness Debt
    • car-loanAuto Loan Debt
    • student-debtStudent Loan
  • Understand Your Debt
    • credit-cardCredit Card
    • business-2Small Business Debt
    • medicalMedical
    • loansLoans
    • umbrellaCredit Card Relief
    • interest-ratesInterest Rates
    • student-debtStudent Debt
  • Tools & Resources
    • faqFAQs
    • credit-cardCredit Guidance
    • calculatorCalculator
    • call-usContact Us
    • contact-usAbout Us
  • More
    • Debt Settlement
    • Debt Consolidation
    • Reviews
    • FAQs
    • About Us
    • Contact Us
    • Blog
    • Sitemap
    • Debt Relief by State
    • Careers
United Settlement » Blog » How To Live Frugally and Be Debt-Free In The Long Run

How To Live Frugally and Be Debt-Free In The Long Run

October 25, 2021

Frugal living or a frugal lifestyle doesn't mean you can't enjoy life

 

A recent study of over 600 millionaires revealed a surprising secret that most wealthy individuals share. They all know how to live frugally, and they apply that mindset to their everyday lives!

If you’re hoping to break free from a debt cycle and start to build financial independence, then you’re in the right place. First, you need to build up your knowledge on frugal living tips. Learn everything you need to know about frugal living below.

Frugal Living: What Does it Really Mean?

When most of us envision what it means to define frugal living, we picture being cheap, sacrificing quality for cost, and never spending money. That’s far from the real picture, though. A true frugal definition involves adopting a mindful mindset and being more conscious about your spending. This mindset requires you to create and focus on your financial priorities.

In other words, frugal living means asking yourself, “is this purchase worth it?” before buying something. It means thinking about the benefits and costs of things before diving into purchasing them. You can still have nice things and splurge, so long as you always remember what your financial priorities are, too.

The basic mantra of a frugal lifestyle would be giving up what you don’t care about now in order to have enough money for what you want later.

The Many Benefits of Frugal Living

One of the best benefits of frugal living is that you can pay off debt and still save money. You can invest in your future while still enjoying the good things now. You’ll have less financial stress while simultaneously enjoying more financial freedom, too! Living frugally now helps build resiliency, and it will help you weather bad financial situations.

As if these individual benefits weren’t enough to have you sold, frugal lifestyles are also generally better for the environment and society. By avoiding the impulse to over-indulge, you’re helping to reduce waste. Less consumption, less commuting, and less carelessness are all goals to strive for. Frugal lifestyles are often more sustainable, too.

Frugal Living Tips to Start Following Today

Do those benefits all sound attractive to you? Are you ready to start living frugally? Here are a few of our favorite tips to help propel you forward into your new life:

  • Start tracking your expenses NOW
  • Audit your account regularly
  • Use a budget and stick to it
  • Always live within or below your means
  • Shop for quality used items for massive discounts
  • Apply meal planning
  • Practice wise saving and investing tactics
  • Always price shop
  • Stay aware of deals and sales that will benefit you
  • Sell your unwanted quality items
  • Keep up with credit card debt (more on that below)
  • Try challenges (like No-Spend Sundays)
  • Curb impulse purchases

While browsing through these tips, visualize yourself doing them. When you do, you’ll realize that living frugally is easier than you think! If you can change your mindset, then you can start to change your life!

Keeping Up with Credit Card Debt

One of the very best ways to become a frugal lifestyle pro is to stop recklessly using credit card debt to afford purchases. Avoid credit card debt as a general rule unless the purchase will pay off significantly in the long-run. Rather than taking on more debt, it’s time for you to invest in yourself by keeping up with credit card debt now and forever.

Each time you purchase something with debt, you end up paying more for it. Not only will you end up paying the costs of the product over the long-term, but you’ll also incur other costs in the form of credit card fees and interest.

Make a change now by creating a goal of paying more than your minimum due each month. If you’re only making minimum payments, then you’ll end up paying even more in the long run. After all, that’s how credit card companies make a profit off of your purchases! They drag out your payment plan for as long as possible.

How to Live Frugally in 2021 and Beyond

Are you ready to start living frugally? Adopt the tips above and start keeping up with your credit card debt now to make a real change in your finances. Once you start to live a frugal life, you’ll be able to enjoy more financial freedom, less financial stress, and weather those financial storms with ease.

Do you feel empowered by this knowledge on how to live frugally? Are you ready to take the next steps and start keeping up with credit card debt in 2021 and beyond? We’re prepared to help you determine whether you qualify for debt relief and get you moving forward towards your financial goals. Contact us now if you have questions about the next steps you should take.

Gabriel Gorelik, CEO & Co-Founder
Gabriel Gorelik

Gabriel Gorelik paves the way for customer service and operations at United Settlement. He is passionate about numbers and holds a strong belief in helping anyone with their debt. Before United Settlement, Gabriel received his BS in Finance & Economics from Brooklyn College. After graduation, Gabriel went on to build his first financial services company where he managed thousands of accounts for business and consumer clients. He understands the importance of client satisfaction, professionalism, and exceeding expectations.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Search Blog

Are you in debt? we can help

  • Amount
  • Contact

How much do you owe?

Excellent

Based on 377 reviews.
Overall 4.4 out of 5 stars

View All Reviews

Annette Huggins

March 14

That when it seems like nobody can help United will.

This was a great experience for me. I am just starting but Madelene Gallon made me feel like we were friends for years. She tried to make me feel that she would help me and make sure I got the best deal...

Kiirstin

March 01

Kind and caring

Had been searching for a while for a company I could trust to get me out of crippling debt. Really didn’t think it was possible. Spoke to Ben at United Debt and he assured me that not only was it possible,...

Kiirstin

March 01

Kind and caring

Had been searching for a while for a company I could trust to get me out of crippling debt. Really didn’t think it was possible. Spoke to Ben at United Debt and he assured me that not only was it possible,...

Dylan

February 28

Quick, easy assistance!

I've been working with Ben at United Debt to help me organize and get out of debt for once - I've been dealing with debt for ages and Ben showed me some simple ways to begin dealing with things to keep...

Takota Carrie

February 14

I need help

I really appreciate

JONICA Amber PIRON

December 21

Great!

Renika went above and beyond today to help me. She is wonderful to work with! Thank you again Renika for all of your help today! Happy Holidays to you!

Jayvon

December 20

Paying back

They where great listeners

Shawn abetha

December 14

Everything

Thanks

Robert Phillips

November 23

Do your home eork

Paid several thousand dollars and nothing done. Ended up settling 90%by myself. This is a preatory company. So do your homework. This will never post.

Dm

November 18

Customer service is truly helpful

Renika was so helpful. My account was paid off but I kept receiving notifications. She cleared up the situation.

Jose Rosa

November 16

Great Customer Service

Renika did a wonderful job handling my questions and transactions. She is very patient on the phone and took care of my needs accordingly.

Russ

November 03

Very helpful

Renika did a great job in answering all of my questions in a timely manner. She was polite and friendly. Keep her on the payroll.

Anthony Desoto

October 31

What's Important to me is United Settlement Costumer service !

United Settlement Costumer service is Amazing Everyone is Professional . I am so happy choosing them with my card Debt. thank you all for helping me out .

Ri cky

August 23

That this company has integrity!

A responsive company that keeps it clients up to date and fully informed. I like the fact that I can send them a text and be guaranteed an answer within 24 hrs.

Jerry Bolandis

June 04

Professional and focused on facts and truth not hype. Excellent. We want to know facts.

Great work very professional and great updates. Communication is excellent.

janice head

October 25

trust them

Excellent. Also each time i call there they treat me with respect even though they are probably thinking jerk . You sure have made mess of your life. but they have been taught to smile smile smile. this...

Scott W O'Neill

August 01

Thanks for all your help and negotiations.

Thanks for the update! I have faith in you guys and will continue my payments. Thanks for all your help and negotiations.

Cassandra Robinson

July 30

That A Settlement Was Entered.

I Absolutely Love You All At United Settlements. You All Have Saved My Credit Solutions. I Would Refer Everyone To You Services.

Mildred Yvonne Sherron

July 16

The results of the settlement attempts.

So far, I have found United Settlement more than satisfactory. Very conscientious and very efficient in providing a service in debt settlement. Thank you and all the members of your team who are assisting...

Diana Cardona

July 16

Tough Financial Hard Times During Covid-19

I signed up with United Debt Settlement because of large credit card debts, which had taken a financial toll on my credit. UDS has an outstanding reputation assisting clients like me achieve financial recovery...

  • Contact Us
  • 240 West 37th Street
    Suite 400
    New York, NY 10018
  • (888)-574-5454
  • [email protected]
  • Privacy Policy
  • Terms & Conditions
  • Debt Relief Services
  • Debt Settlement
  • Business Debt Relief
  • Credit Card Help
  • Debt Consolidation
  • Debt Management
  • Student Loan Help
  • Careers
Learn more about debt relief


    • facebook
    • Google Plus
    • Twitter
    • YouTube
    • Instagram
    • Linkedin
    • facebook
    • Tools & Resources
    • Contact Us
    • About Us
    • Blog
    • Debt Calculator
    • Frequently Asked Questions
    • Sitemap
    • Reviews
    • Client Login
    Free Savings Estimate
    Apply Here
    Clients who stay according to debt relief program can realize approximate savings of 50% before fees, or 25% including fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for reasons such as: their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period. We do not assume consumer and/or business debt, provide tax, bankruptcy, accounting, legal or credit repair services/ advice. Our program is not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. If you have any additional questions please contact us. NMLS ID: 1947026
    Copyright 2023. United Debt Settlement, LLC
     

    Loading Comments...