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Michelle's DMM Blog

A Frugal Lifestyle

The word “frugality” has left a more negative connotation for most people than simply being a saver, a cheapskate or tightwad. There is a thin line difference to saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotation comes from.

But if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong.

If you have decided to live frugally, no need to be worried of insults. Keep your head up high. And keep your focus through these tips.

1. Eating Out - Having gimmicks with friends on a Friday night is fine if you do it occasionally. But this can be expensive if you add them up at the end of the month.

2. Clothing - Naturally, if you are the kind of person who adores signature and designer clothes, do not expect that there will be something left of your take home pay. Instead of being trendy, wear clothes that can easily be matched with your other clothes.

3. Own Home - If you are planning to move out and find a place to settle, do not be overwhelmed by the excitement, instead be practical. As a start, buy a smaller house or try other ways like rent-to-own, do-it-yourself arrangements, and owner financing.

4. Buying Your Own Car - Shy away from sports cars or SUVs. Just stick to your purpose of buying a car which is to transport you anywhere you need to go. Check out also program cars like a new car warranty. Maybe this is not just the best time to replace your car with a new one.

5. Shopping for Groceries - As much as possible do not go with items that are branded. Choose non-brands and try looking for items on the highest or lowest shelves for best prices. Grab the opportunity and shop during sales or use coupons.

6. Family Out - There are inexpensive ways to bond with your family and be entertained like going to libraries, local parks, biking, picnics, visit friends and local church.

7. Buying School Supplies - Stock school supplies at home and do not buy anything fancy.

8. Be contented with what you have and try to live within what you earn


9. Plan your Child’s College Education - Teach them the ways to be independent and self-supporting by encouraging them to apply for scholarships and “on campus jobs.”

10. Be Aware of your Financial Limitations

11. Anticipate your Failures by Planning - Have always a budget plan so you would avoid impulsive buying.​

Are you a Frugal or Cheap spender?



economical in use or expenditure; prudently saving or sparing; not wasteful: What your office needs is a frugal manager who can save you money without resorting to painful cutbacks.

entailing little expense; requiring few resources; meager; scanty: a frugal meal.

i.e. spending smartly


adjective, cheap·er, cheap·est.

costing very little; relatively low in price; inexpensive: a cheap dress.

costing little labor or trouble: Words are cheap.

charging low prices: a very cheap store.

of little account; of small value; mean; shoddy: cheap conduct; cheap workmanship.

embarrassed; sheepish: He felt cheap about his mistake.

i.e. have regrets and say "you get what you pay for"

And then there are the Stupid spending habits:

adjective, stu·pid·er, stu·pid·est.

lacking ordinary quickness and keenness of mind; dull.

characterized by or proceeding from mental dullness; foolish; senseless: a stupid question.

tediously dull, especially due to lack of meaning or sense; inane; pointless: a stupid party.

annoying or irritating; troublesome: Turn off that stupid radio.

in a state of stupor; stupefied: stupid from fatigue.

You really need to know which one you are before you can move forward and spend appropriately.

Entry 12/20/2020

You may save money on your homeowners insurance

July 17, 2019

Have you recently put a new roof on your home, updated the plumbing or AC, bought new major appliances? Contact your homeowners insurance company and ask them if any of these new purchases will reduce your premium. Think about it, a new roof is unlikely to leak, which means you are less likely to have a claim. New plumbing is less likely to burst, which means you are less likely to have a claim. Even a new garbage disposal or new AC (which can really cause issues when bad) may bring your policy down some. Believe me, working with my long time client (over 16 years) which is a flooring company I've seen all kinds of insurance claims for these sorts of things... AC is a big one.

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