What does it mean to be Prudent?
How can I practice being Prudent or Frugal?
- Reduce your daily expenses – before you buy anything, ask yourself:
- Do I really need this?
- Can I get it cheaper somewhere else?
- Can I get it for free?
- · Cut something big out of your budget – go without a car (ouch!) and save on petrol, repairs, road tax, insurance and tolls or for being less harsh, try scaling down on your car type, like going for lower capacity vehicles. -cannot live la without car. tempat keje jauh
- · Use less – turn off the lights when not in-use and switch to energy-saving bulbs, cut-down on air-cons, wash full loads of clothes and dry them outside (rather than using a drying machine) and turn off all electrical appliances when not in use. - can do , will try
- · Reduce waste – use paper on both sides (go paperless, whenever possible!) and use cloth diapers rather than disposable ones.
- · Reuse or Recycle – compost your wastes, wherever possible (which can be used to plant your own vegetables!), grow a garden & turn your trash to cash! - apartment kecik je.. mana nak muat
- · Make things last longer – mend clothing, re-glue shoes, and fix things before they’re beyond repair.
- · Find new uses for old things – paint old furniture, make quilts from old clothes and convert old large tables as desks. In other words, recycle, recycle, and recycle!
- · Find cheaper substitutes – buy generic brands, shop at garage sales, rent instead of buy
- You can also be frugal by taking care of your needs in creative ways, by sharing with others and buy using community resources. Here are some other ways to save:
- · Find free or cheap entertainment. (we’ll talk about this more later) - free download music via internet haha
- · Share big purchases. - such as buying cloth diaper in bulk
- Sharing can help you get what you need for less money. For example, you may share a ladder, drill and perhaps a vacuum cleaner with your neighbours. You can also share a lot of your children’s play equipment with your friends or family members and car pooling is certainly another good example.
- · Trade or barter for services or products.
- Yes, we are living in a modern world but who says that we can’t practice bartering? In fact, you can trade or barter all kinds of things. If you can give a good haircut and your friend bakes very good cakes, trade your skills. You both get something you need and you both save money. Think about your skills, the things you enjoy and the things you do well. Next, think about the skills and talents of your friends, family and neighbours. Check around to see if someone wants to trade with you. Start out with something simple and see how it works. Who knows, you may someday create another “eBay”!
Here are some suggestions:
- · Borrow books or attend seminars/ programmes for free from the public library
- · Rent a video and try making your own kacang putih / cookies instead of going to the cinema
- · Visit the museums, zoos or the parks and enjoy the fresh air (depending on where you are!)
- · Look out for free concerts, kid’s programmes and family activities from the newspaper or through the tourist information centres/ websites
- · Take an inexpensive class through community education, learn a new craft or revive an old interest. You can even convert that hobby into a business
- · Attend free book readings for adults and kids at your local bookstores or library
- · Walk, hike or bike to explore something new or visit a favourite place
- · Watch the sun rise and set, find constellations in the sky, or perhaps start a project with your family like planting a tree (durian or mango trees would be perfect as that will help you save money on fruits!)