4. Frugal people do a lot of research

Frugal people know that they can’t avoid spending money, so when they do buy something, they research it first.  Frugal people spend money on quality that will last; they don’t go right for the cheapest thing.  So spend time researching, and looking for the best deal.  

As they say, spend an hour of research for every thousand rupees that you spend.  This advice is pretty fitting, essentially, the more you spend, and the more you should research.  

5.  Frugal People stay organized and informed

They don’t just use the paper for coupons, they actually read it too!  How does staying informed help you be frugal?  It makes you aware of where rates are at so that you might be able to get a higher return on your money, or a lower rate on a loan.  It allows you to follow legislation that might have a direct effect on you.

Staying organized is also a key aspect, if you aren’t organized, you aren’t ready to act to make sure you lock in that low rate on your mortgage refinance, or you can’t find the coupon you need to make use of cash back. Only informed people can make informed decisions, and only organized people can act quickly enough to make the move.