3. Make Frugal Friends
Do not make impulse purchases because of peer pressure. Choose frugal friends instead of people who have expensive habits. Having neighbors who are always showing off their new car or the latest LED TV will motivate you to attain the same things. Surround yourself with people you are smarter about money so that you can follow their examples. Remember, having expensive things does not guarantee lasting happiness. It has been proven that you get used to the expensive items you own very soon. Just as soon as these products stop giving you that extra happiness, you will start craving the next feel-good-item you must have. Instead, invest in learning, developing skills and other such wholesome things.