How to Frugally Celebrate Your Good Credit

How To Frugally Celebrate Your Good Credit
Mike Randall
By: Mike Randall
Updated: July 24, 2014
Our popular “How-To” series is for those who seek to improve their subprime credit rating. Our articles follow strict editorial guidelines.

So your credit score is on the rise and you’re getting your finances back to where they belong – that calls for a celebration.

But hold on before you pop the cork on that $100 bottle of champagne. One reason you’ve gotten here is you chose to be mindful of your expenses and work toward paying down your debt.

Now isn’t the time to fall off the wagon.

In the spirit of rewarding your hard work, there are ways to celebrate that won’t push you back into a pit of debt.

Being frugal doesn’t have to mean depriving yourself of the things you enjoy doing. There are ways to be thrifty while celebrating and still have a great time doing it.

Here are some ideas on how to frugally celebrate your good credit.

1. Throw a party.

Don’t throw just any party. Get creative!

Come up with a fun food theme and invite some friends to participate by making complementary dishes. You can even provide suggestions or recommend recipes.

The idea is to have a fun and creative time with friends while not breaking the bank. Add a few inexpensive bottles of wine and you’ve got the makings of a really fun celebration.

2. Select a day to be pampered.

Assuming you have a significant other who wants to help you celebrate your good credit, pick an entire day of pampering for yourself.

You can even take turns pampering each other (on different days, of course). On your day to be pampered, you can elect to be massaged, cooked for or just left alone.

Tell your partner what being pampered means to you and then just relax.

3. Order in.

Eating out can be expensive, but cooking at home all of the time gets old. You have the advantage of knowing exactly how much it will cost and you usually don’t have to tip. You can even enjoy some wine that doesn’t cost $14 a glass.

“Celebrating your credit is a great way

to keep your motivation strong.”

4. Plan a staycation.

Going out of town can be a lot of fun, but it can also take a bite out of your savings.

One way to frugally celebrate  is to take a vacation at home. Pretend you’re a tourist in your own town and plan a day of sightseeing, window shopping, antiquing or whatever your city has to offer.

You probably even know of the best bargains in town for a celebratory drink at the end of the day.

5. Treat yourself.

Frugality doesn’t have to mean total sacrifice. You can still splurge occasionally.

If you want to celebrate your good credit by rewarding yourself with a dinner out or a new pair of shoes, it’s your right to do so.

The best way to keep on track with this type of celebration is to set a limit for how much you plan to spend and to pay only cash when you do it. As we know, paying in cash keeps us mindful of the expense and keeps debt off our credit cards.

Celebrating your good credit is a great way to keep your motivation strong. By frugally rewarding yourself, you can stay on track and still acknowledge your hard work.

As your credit and your financial situation improve, your rewards can grow, too.

Just keep in mind that committing to fiscal and credit responsibility is a life-long endeavor. The people who are successful are those who remain frugal even after they’ve caught up.

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