Some Things In Life You Can’t Be Frugal With

While I consider myself the most frugal mom on the planet, saving money on any and everything my children and family need, I do know that there are some things you just cannot be frugal with. In many areas of life, you can go the cheap route and everything is fine and dandy, but with major purchases, cheaper is not always better. I have found that when you are purchasing a vehicle, home or major appliances, you need to spend a little to be able to enjoy the benefits. That doesn’t mean I don’t save money though! I always save money and do my very best to find ways to save as much as I can, no matter what item I am purchasing.
One of the areas I do not skimp with is a vehicle. I look at purchasing vehicles a little differently than other frugal individuals. Most would buy a cheap car and have it paid for. I do not do this. I purchase a relatively new vehicle, making sure I get a good deal of course, and make sure the payment is something I can afford. Because I have good credit, I can pay less per month for a vehicle, allowing me to pay off the car quickly. With an older model, you have to worry about constant repairs. With a new vehicle, there is little maintenance, so you save money from the very beginning.
Car and Homeowners Insurance
As an adult, you must have insurance on your vehicles as well as home. I have found that you can save money by combining the two with one provider. I shop around of course, and look for the best deal, but the longer you stay with a company, the better incentives you will have. By using the same provider for both insurance needs, I get an initial discount on service. Then I research other options to save money as well, helping me to pay less to have my home and vehicle covered.
Home Purchase
Another major purchase for adults is a home. Purchasing a home is an investment and a wise one if you do it correctly. Renting is convenient but you are throwing thousands of dollars away each and every month. By purchasing a home, you are investing in something that can make you money down the road or be a solid home to enjoy for years to come. When purchasing a home, consider a lower priced option that can be remodeled, if you have the skill, to get a good deal and make the property your own, plus gain equity as you fix the home up!