5 Frugal Ways to Revolutionize Your Finances

Another year is here and so are the many resolutions that accompany the New Year trends. We all know that nine out of 10 times resolutions are not kept and so we end up with broken promises and a series of disappointments. When resolutions are too high or seemingly too good to be true, it is easy to lose sight of them. Paying off debt or saving for a dream home are excellent goals to strive for but are they attainable goals? Instead of making empty promises that ultimately lead to disappointment, start by thinking small. Ask yourself what you need to do to get the debt paid. How much are you will willing to set aside each month for the dream home?

To clear the cobwebs of frustrating and put action into your planning, here are a few ways to achievable your long term goals and help improve 2014.


The word that everyone seems to hate is budget. Keeping track of every penny you spend whether it is groceries or bill payments can often become time consuming and unproductive. It may be a great idea at first as you jot down daily expenses and give yourself enough financial cushion but if it isn't done properly, it might put a dent in your goal planning. Instead of focusing on a list of items to track, take the one task that you feel might jeopardize your savings goals and track your spending in this area. Once this area of struggle becomes stronger and under control, start tracking another category. That way you have complete focus on each task one at a time and a better chance at making your personal financial goals attainable.


Reading books about how to improve your finances will really improve the way you look at your own finances. From college study materials to joining other bloggers who have their insight on finance, you can't go wrong with studying. Other like-minded individuals may have some insight on a subject that you might have been struggling with. In order to understand money, you need to study the in depth details on how money works.

Monthly Examination

Much like our yearly doctor or dentist examinations, it is important to have a financial examination as well. This means that you can examine what you spend on each month. For example, an extra expense in your home that you can live without or television services that are not being watched as often as you had hoped. A monthly exam will put your finances in perspective and mind at ease. You will begin to gain quick control of your savings and spendings.

Savings in Control

Control your savings when you receive your paycheck. For example, open a separate savings account to ensure you are keeping a select amount of money aside each week. This savings account can be for anything you need. More often than not you wont even realize that 10 percent being transferred from your checking to your savings account so you will not be tempted to with-drawl any funds or over spend.

Tracking Progress

Without keeping track of your progress, you will have a tough time attaining your goals. Grab a balancing sheet and start tracking your monthly progress from what you owe to what you own. When you set aside at least 10 minutes once a month to track your progress on a balance sheet you will reduce your stress and easily understand the steps you need to take to maintain or change the way you are spending money. 


By Cristobal Ravazzano. Visit My Google+ Profile.