June 12, 2015 Maintaining a good credit record is very important for a lot of reasons. You should remember that your credit report is a reflection of your financial responsibilities. It reflects the way you handle your finances and how efficient you are in living within your means. Your credit report generates a credit score. The better your credit report is, the higher is your credit score. Your credit report and credit score is evaluated by lenders while giving you a loan or mortgage, it is seen by credit card companies while giving you a new credit card and sometimes many companies ask for your credit report when you go for a job interview. Thus your credit report is an extremely important reflector of your financial responsibility. Thus if you have a tarnished credit report, you should go for credit repair process in order to make your credit report better. Thus it is better that you get out of debt as fast as possible by living frugally and saving money. Here are some tips to frugal living that you can follow. Buy items in bulk You can buy groceries in bulk when those items are non perishable. This is because many shops gives discounts on items bought in bulk. You can even buy clothes in bulk. If you yourself don’t have much to buy go with three or four friends or family members and when all of you shop together you will be able to buy many items and thus be entitled to a discount. Buy generic brands There are some things which you can buy generic brands such as milk, juice, jam, different kinds of sauces and spreads. The point of this is that you won’t even realize the difference from quality brands. Collect coupons and use them Using coupons to buy items at a lower price can be very effective way of saving money and living frugally. You can collect coupons from different magazines and also websites which give coupons that you can download for free and print out. Have your meals at home It is quite natural to be drawn to the crispy, oily and finger licking fast food available at so many food joints but you should refrain from buying them. Food bought outside is very costly and you will be able to save a considerable amount of money if you have all your meals at home. Frugal living is good and interesting. once you star following a frugal living you may find out its amazing benefits and good effects in your financial life.