4. Shop wisely
From model Tyra Banks to First Lady Michelle Obama, a lot of famous people do not like to overspend. They shop wisely and save their money. Banks has confessed she always abides by frugality. When she first walked into the set of her now-obsolete talk show, Banks was not fond of the carpet and wished to change it. But, when she found out how expensive the new carpet was, she instead opted for a different route. She said, “I picked out a color palette that would go with this carpet, and I painted the walls instead. Painting is much less expensive than carpet.” In the meanwhile, Obama has been seen shopping at Target in Washington, D.C., and she occasionally buys clothes from stores that provide discounts, such as H&M.