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6 Ways to Be More Prudent and More Financially Stable

6 Ways to Be More Prudent and More Financially Stable

We are taught to manage our finances while we are still kids. Our parents give us an allowance and see how we distribute our money throughout the month or week. Then when we move out during our studies, we have to pay bills and buy food so managing finances becomes a bit more difficult. Then we start to live in a home of our own, where there are all sorts of other bills and repairs to worry about, so staying within your budget becomes even more difficult.

If we are not careful, we can easily end up having money problems and this can lead to a very stressful life in the future. Furthermore, we live in a time of consumerism, so a lot of people out there are trying to sell you things you don’t even need, but they are making compelling cases so that you end up becoming a customer. Due to these reasons, managing finances becomes more challenging, so here are some tips that can help you become more frugal.

Plan out how much you are allowed to spend

Alright, one of the most basic mistakes one can make when handling salary, is to adopt a “go with the flow” point of view. When you get your paycheck, it would be wise to have some sort of basic budget plan i.e. a rough estimate of how much you can spend on a daily basis, so that you can go through an entire month living fairly comfortably.

Once you have that, you should by no means spend the entire daily budget, since you are bound to face unexpected expenses and you’ll need an emergency fund. Also, this daily budget is a good starting point for future financial strategies. You’ll need to find different ways of increasing your daily limit and challenging yourself to save more.

Do not be financially dependent on other people

Of course, if you are going through a bad financial patch, chances are you will borrow money from friends or family. However, you should not allow this to become a habit. Being financially dependent on other people makes you one step closer to financial suicide.

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Truth be told, you might not borrow much and your close friends or family won’t mind you borrowing some money, but this is more of a personal issue. If you constantly need to depend on other people, then you have a problem that has a rather simple solution. You can either spend less or find a way to earn more.

We live in a world where earning a bit extra cash is really not that hard, it’s simply tedious. You can complete surveys or install apps that you can use to earn money online and then can cash-in later. If you continue to rely on others from one month to another, it will only send a message that you refuse to solve your problems and this can leave severe consequences in the future.

Do thorough research before important decisions

It is important that you do not make any big investments without thorough research. You can visit different types of agencies and speak to different financial advisors, but bear in mind, that these people can have a vested interest when they tell you what to do. If the advice is not coming from a close friend or a family member who genuinely cares for you and who is well-versed in money management, don’t immediately adhere to it.

You can do online research and find more accurate information this way. Of course, the people who tell you how to handle your finances are also online and will probably advise you the same thing there, but there is a difference. Google has its own base of trusted websites, and there are always ways to check if sites are trustworthy. Here are some explanations on how to do it, but you can find even more online.

These big decisions are usually loans and these loans are sometimes a necessity, because it is unrealistic to expect that you can simply pay for an entire house with cash. So, at one point you might need to get a house mortgage. When someone explains to you how this whole process works and you feel that the explanation is oversimplified, then chances are that, the person has a vested interest in your investment.

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It’s important that you are vigilant and that you explore all of the other options before you go through with this type of decision. Here is a good guide that can help you gain a deeper understanding of mortgage rates; make sure you go through it if you plan to buy a new home, or if you want to be a real estate investor.

Another important thing to remember is not to turn to the payday loan industry. These are also known as predatory loans, because their interest rates are ridiculously high. They only offer a quick solution, but everyone ends up regretting their decision due to the astronomical interest rates.

In other words, if you really need a loan and intend to pay it back, then it’s far better to borrow from friends or family. People usually end up borrowing money from others, or pawn their possessions in order to return payday loans and they could have done those things in the first place instead of taking that loan.

Use money management tools

I have already mentioned how you can use apps to earn money, but you can also use apps to save money. There are apps that can calculate your expenses and give you good financial advice, but it’s always better to seek a financial advisor you can trust. However, there are apps which can help you get coupons or discounts in stores.

They will also provide you with insight into which stores currently have discounts, sales etc. These are really useful and with a good shopping strategy you can save a lot of money. It’s also important to know that some of these quality apps come at a price, so you should only buy them if you absolutely need them.

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In other words, if you are already having a hard time managing your resources and have debts, then these apps won’t do much good; they will only be an additional expense. On the other hand, if you want to create a good savings strategy, then buying them is a good idea, since they will eventually pay for themselves.

Use saving tactics

When it comes to saving money, there are so many viable tactics out there that you would be surprised. In this section I will only list some that I really like, but as mentioned you can find a lot more online.

  • Weekly challenge: Basically you set the amount of money you wish to put aside each week (it can be $1, $5, or $10). Then at the end of the week you put that amount in a piggy bank or a savings jar, but at the end of next week, the amount needs to be doubled and so on.

So, if you go for $5 then, next week you place $10, and a week after that is $20, and the last             week of the month is $40. You reset the amount at the beginning of the next month. Also it             might be better to place the money in the jar at the beginning of the week, so that you know             you cannot count on it.

  • Wait for a discount on general goods, like cleaning products, toilet paper, toothpaste etc. Then feel free to buy these goods in bulk and you won’t have to spend money on them in the near future.
  • If you need new furniture, check out sites like freecycle.org to see what you can get free of charge.
  • Instead of buying cleaning rags, you can save your old clothes that are no longer wearable, and use them to clean floors.
  • Before you go shopping, write a list and stick to it; don’t be tempted to buy anything you don’t need. In any store, the most essential items are usually in the back, so that shoppers are tempted by expensive products they do not need while they are walking to the back of the store to buy what they came for.
  • Learn how to repair clothes so you won’t have to toss it away at the first signs of wear and tear and you can also earn some extra cash if you monetize these skills.
  • Buy light bulbs that do not use as much energy as regular light bulbs, they last longer and even though they are expensive, they will pay for themselves and save you money.

Once you manage to accumulate a fine amount of resources with these saving tactics you can invest in things like solar panels and a tankless water heater, since these will also save you money in the long run. Moreover, in case you want to discover more saving tactics, you can use websites like thesimpledollar.com, and you can find some good tips in this article as well.

If you go through the links, you’ll find out that if you choose to live healthier you’ll also save a lot of money. We all spend too much on food and if you learn how to prepare it yourself, you will eat better and spend less.

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Furthermore, if you buy bottled water, you should stop and buy a filter for tap water; this way you can drink tap water and you won’t have to buy it from the store. Also, if you carpool with your colleagues from work, you save the environment and money that would go on gas. In other words, we spend a lot just to have a bit more convenience and we don’t really need to sacrifice much to save quite a  bit of money.

Eliminate minor but unnecessary expenses

Finally, you must never forget that we live in a world that is dominated by micro transactions. These are really tricky, since you can’t argue that someone is trying scam you and we have almost no issue with small fees, so we part from our money lightly.

However, one small subscription after another and you start to lose a significant amount of cash, and you barely notice it. These small subscriptions are very often for a magazine, for account maintenance, for private network channels or cable channels etc.

In reality we  rarely use these services, mostly when we are bored and quite frankly there are other ways to be entertained. It only seems cheap and convenient with these subscriptions, but in the long run, we end up regretting the decision when we find out just how much we could have saved. The point is, you should not fall for micro transactions for products you won’t use frequently.

As you can see, being more prudent is not that hard. All it takes is some effort and minor life changes, but there are long-term benefits for those willing to apply them. Make sure you go through the links in this article, as they can tell you how to save and how to think before investing, and they can also help you earn a bit extra.

Remember to operate within the borders of your daily budgetnand to invest in items that can help you save more money in the future. If you manage to do this, you should be just fine.

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Djordje Todorovic

Blogger, Gamer Extraordinaire

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Last Updated on April 19, 2021

40 Healthy And Really Delicious Meals You Can Make Under $5

40 Healthy And Really Delicious Meals You Can Make Under $5

Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

1. Fish Tacos in Crunchy Shells ($3.56 per serving)

Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

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    2. Mini-Meatball Noodle Soup ($3.43 per serving)

    We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

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      3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

      Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

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        4. Kabocha Squash and Lentils ($3.12 per serving)

        Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

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          5. Baked Coconut Lentils ($0.91 per serving)

          Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

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            6. Easy Marinated Roasted Chicken ($3.40 per serving)

            We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

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              7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

              This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

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                8. Beef Pot Roast ($3.22 per serving)

                One word: perfect. This meal will warm your insides and fill you up with the high protein content.

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                  9. Fajita-Style Quesadillas ($0.43 per serving)

                  If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

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                    10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                    Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

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                      11. Beef and Black Bean Chili ($1.36 per serving)

                      Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

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                        12. Crispy Fish and Peppers ($2.18 per serving)

                        Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

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                          13. Vegetarian Gumbo ($1.50 per serving)

                          You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

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                            14. Mexican White Bean Soup ($0.99 per serving)

                            With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

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                              15. Black Beans with Mango & Cilantro ($0.38 per serving)

                              Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

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                                16. Bean Burritos ($0.71 per serving)

                                If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

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                                  17. Five-Spice Beef Kabobs ($2.43 per serving)

                                  The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

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                                    18. Cornmeal Crusted Pork ($1.92 per serving)

                                    If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

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                                      19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                      Easy to do, extremely healthy, and super delicious. A must-try!

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                                        20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                        I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

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                                          21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                          Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

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                                            22. White Bean Tuna Salad ($1.36 per serving)

                                            You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

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                                              23. Sausage Eggwiches ($0.80 per serving)

                                              Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

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                                                24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

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                                                  25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                  Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

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                                                    26. Vegetable Lasagna ($1.73 per serving)

                                                    If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

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                                                      27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                      Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

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                                                        28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                        A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

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                                                          29. Butternut Squash Chili ($1.04 per serving)

                                                          You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

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                                                            30. Fast Shrimp Bisque ($2.03 per serving)

                                                            Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

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                                                              31. Chicken-Noodle Casserole ($0.98 per serving)

                                                              Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

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                                                                32. Burrito Cups ($1.18 per serving)

                                                                Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

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                                                                  33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                  Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

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                                                                    34. Potato Frittata ($0.87 per serving)

                                                                    If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

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                                                                      35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                      Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

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                                                                        36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                        Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

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                                                                          37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                          You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

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                                                                            38. Herbed Salmon ($2.49 per serving)

                                                                            Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

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                                                                              39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                              Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

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                                                                                40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

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                                                                                  Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

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