Frugal February Challenge 2022 can help set families on solid financial ground for the remainder of the year!
Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison.Â
Frugal February Challenge
- Not a spending freeze- but a frugal mindset shift
- Actually looking at each of your purchases on credit card bills
- Notice if charitable giving is in the budget, if not consider beginning
- Spend time reviewing home and auto insurance pricing, utility bills and perhaps getting a better service rate by comparing prices at Energy Choice Ohio – Apples to Apples
- February is the shortest month of the year-being purposely frugal is a challenge with potential big rewards
Frugal February Ideas
Be frugal and:
- Eat at home instead of out at restaurants
- Make coffee at home
- Look what’s inside the fridge and see what is being thrown away and not eaten and stop putting it on the grocery list
- Wait 2 days before actually purchasing something online
- Make a plan of the shows that are bingeworthy and purchase that app, then cancel and go to the next streaming app for a new series
- Ready to cut out cable? Read about how to here
- Trade clothes with your friends
- Save coupons
- Empty out some drawers by selling on FB marketplace or ebay
- Instead of going to the movies- create a date night from materials at the local library! Movies, games and more can be borrowed for free
Benefits
- Assessing where finances could be alleviated
- Creating a budget
- Assessing if it’s time to refinance the home, taking time to look at rates, or apply for a personal loan
Planning Money Savings
- Looking to buy a car- check out Installment Loans to help you with financing!
- Open a Savings Account and save for a vacation!
- Start a College Savings Plan for your kids!
- Open a Christmas Club Account for next Christmas!
For help with savings, spending, and investing, speak to a local banker
to help set up a solid foundation!
Mrs TAZ