55 Frugal Tips To Help You Save Money (2024)

Household Expenses Are Getting Expensive

Whether you’re a single income family or a dual income family the cost of running a household is increasing rapidly. With the price of goods on the rise families are looking for more ways to save money. Discover frugal tips to help you save money on expenses, get ahead and get out of debt.

Cost Of Goods Rising

We live in an economy where the price of this and the price of that are rising. Not much is getting cheaper. The average price of living is on the rise.

Frugal Tips

Below you will find 55 super frugal living tips that are designed to help you get ahead and save money. Whether it’s the beautiful vegetable garden you grow this spring and summer or the harvest you store this fall.

Frugal Homemaking

Or the food you make from scratch using new money saving meal plans. Or changing things up and eating more beans and rice. Will you be hanging your laundry to dry or making your own household cleaners. There is a frugal tip in here that will help you save money and get a head.

Change One Thing And Save More Money

You work real hard for the money you make. What if you could change one thing in your day to day to help you save more money. Believe it or not it’s the simple, easy changes that make the most difference.

Saving Money

Think of the money you could save by changing just one thing. Opt to brown bag your lunch this week and you could save $25 – $50 on lunches out this week.

Money Saving Frugal Tips

What if you cut the cable and opted to use the internet how much would you save this month? If you grew that beautiful garden you dream about how much could you save on produce this year?

Coupons & Money Saving Apps

If you cut coupons this week or used the Rakuten money saving app how much could you save on shopping day? Think about it.

Living Frugally

Frugality is a mind set, that will get you through the hard times, help you rise above and get ahead in the good times.

What Is Frugal Living?

Living frugally is about living below your means and being smart with your money. When you live frugally you choose to meal plan and bake homemade bread because it is more cost effective and healthy for your family.

Frugal Ideas

You may choose to grow a garden, cut coupons and shop locally to save money and cut your expenses.

Why Live Frugally?

Essentially living frugally is about saving money. You may use this money to pay down debt, save for a down payment on a home or for retirement.

Reasons For Living Frugally

Everyone has their own unique reasons for living frugally. But living frugally is about saving money so you can do more.

Frugal Living And Saving Money

If you are looking to save money and cut down on your household expenses frugal living is the easiest solution. By making small and simple changes to your day to day you can save a ton of money.

Super Frugal Tips

Below you will find a bunch of super frugal tips to help you save more money. One tip may save you $10 a week, another may save you $100 a month. The more you do the more you save.

55 Super Frugal Living Tips To help you Save Money On Expenses:

  1. Use a budget and stick to it
  2. Grow your own vegetables and fruit
  3. Regrow fresh food from your kitchen scraps
  4. Can and preserve the bounty of the season
  5. Make your own bread and pastries
  6. Hang your laundry to dry instead of using the dryer
  7. Make your own home made cleaners
  8. Learn to sew and mend your clothes
  9. Wear it, mend it, re-purpose it
  10. Make your food from scratch
  11. Use a meal plan
  12. Don’t shop when hungry
  13. Eat out less
  14. Cook cheap recipe based foods
  15. Use your slow cooker
  16. Cook once and eat twice
  17. Eat meatless meals
  18. Eat beans and rice
  19. Make breakfast for dinner
  20. Brown bag your lunch
  21. Eat healthy on a budget
  22. Fill your freezer with meals
  23. Shop at your local thrift store
  24. Use coupons
  25. Shop sales
  26. Order freebies and samples
  27. Buy in bulk
  28. Shop with a list
  29. Stop buying pop and drink more water
  30. Enjoy cheap dates
  31. Treat family to budget friendly activities
  32. Cut the cable
  33. Cancel the landline telephone
  34. Turn the heat down
  35. Plan fun family nights and meals in
  36. Unplug electronics when not in use
  37. Use cloth napkins, ditch the paper
  38. Use reusable cloth bags
  39. Get a library card
  40. Enjoy super fun, super cheap activities
  41. Bike to work or take public transport
  42. DIY everything and anything
  43. Make your own gifts
  44. Buy and restore used furniture
  45. Buy or rent a house that fits your needs
  46. Shop at garage sales and flea markets
  47. Sell your old items online or at garage sales
  48. Shop around your cellphone, mortgage, banking plans
  49. Pay with cash
  50. Use the envelope system
  51. Checkout your free local attractions
  52. Enjoy kids eat free places
  53. Play in the park or go for a hike it’s free
  54. Shop smart with a frugal mind
  55. Share the abundance of your garden, your extra fresh bread, your old clothes or unused items

Debt, Budgeting & Saving Money

Have fun, live frugally, pay it forward. You can make a difference in your expenses and your life by changing your mindset. Skip a few wants and focus on needs. Cut back on a few things so you can live the life you want to lead in the future. Living frugally will help you get through the hard times and support your success in the good times.

Updated May 12, 2021

55 Frugal Tips To Help You Save Money (3)

55 Frugal Tips To Help You Save Money

55 Frugal Tips To Help You Save Money (2024)

FAQs

How to be frugal and save money? ›

Ten Frugal Habits to Save Money
  1. Track Spending.
  2. Automate Your Savings.
  3. Save Loose Change.
  4. Compare Prices & Comparison Shop.
  5. Avoid Spending Triggers.
  6. Shop Second Hand.
  7. Save Windfall Income & Use a Spending Rule of Thumb.
  8. Institute a Waiting Period.

How to live super frugally? ›

12 Tips for Frugal Living
  1. Choose quality over quantity. ...
  2. Prioritize value over price. ...
  3. Use credit wisely. ...
  4. Declutter regularly. ...
  5. Use a budget to guide your spending. ...
  6. Know the difference between wants and needs. ...
  7. Be a savvy consumer. ...
  8. Prioritize your values.
Oct 17, 2023

How to be frugal but not cheap? ›

Skip spending more to elevate your status.
  1. Eliminate Monthly Subscriptions. ...
  2. Shop for New Insurance. ...
  3. Reduce Prescription Costs. ...
  4. Buy Used Items. ...
  5. Rent, Don't Own. ...
  6. Purchase at the Right Time. ...
  7. Buy High-Quality Products. ...
  8. Enlist Your Friends.

What is a frugal lifestyle? ›

It refers to someone who makes economical choices with their finances and resources. A frugal person will manage their money carefully, spend money sparingly, look for sales, and research diligently to make the most prudent financial decisions possible. This will ensure they save more money in the long term.

What is the 30 rule for money? ›

The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. Learn more about the 50/30/20 budget rule and if it's right for you.

What is the 50 30 saving rule? ›

Key Takeaways. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How to be a cheapskate? ›

I should note that I do most, but not all, of these tips.
  1. Go with one car. Many families have two or more cars. ...
  2. Go with a smaller house. ...
  3. Go with a smaller car. ...
  4. Rent rather than own. ...
  5. Look for used first. ...
  6. Eat out less. ...
  7. Eat out frugally. ...
  8. Brown bag it to work.

How to live with $1,000 dollars a month? ›

How to Live on $1,000 a Month
  1. Assess Your Situation. You can't really learn how to manage your money better if you don't know where you're starting from. ...
  2. Separate Needs From Wants. ...
  3. Lower Your Housing Costs. ...
  4. Get Rid of Your Car. ...
  5. Eat at Home. ...
  6. Negotiate Your Bills. ...
  7. Learn to Barter and Trade. ...
  8. Get Rid of Debt.

How to stop being a cheapskate? ›

ALLOW ME TO OFFER YOU 8 WAYS TO KILL YOUR INNER CHEAPSKATE LEARNED FROM MY OWN PERSONAL EXPERIENCE.
  1. Acknowledge Your Inner Cheapskate. ...
  2. Admit how spending makes you feel. ...
  3. Face Your Fears. ...
  4. Celebrate Good Spending. ...
  5. Set Non-financial Goals. ...
  6. Set a Saving Budget (and Don't Go Over It) ...
  7. Set a Spending Budget (and Don't Go Under It)
Oct 4, 2016

How to live like the Great Depression? ›

Frugal Living Tips from the Great Depression
  1. Cook from scratch. If you don't know this already, then it's time to learn. ...
  2. Eat at home. Eating out is one of the quickest ways to waste money. ...
  3. Plant a garden. ...
  4. Grow your own fruit. ...
  5. Forage. ...
  6. Eat less meat. ...
  7. Make your own specialty coffee. ...
  8. Pack your lunch.

What is extremely frugal with money? ›

I mend holes in my clothes instead of throwing them away. I carry a water bottle and take my own teabags to work instead of buying expensive takeaway coffee. I re-use and recycle what I can, and try to save energy because that's good for the planet. If I don't have the money I try not to buy stuff I don't need.

What kind of behaviour makes you frugal? ›

They budget carefully, allocate a predetermined portion of their income to savings and investments, and do not exceed it. They save up for big purchases, prefer to buy with cash (as opposed to credit), and keep an emergency fund for times of need.

How to live well as a cheapskate? ›

Pay for value when it really counts. Consider cost per use, not just purchase price. “Embracing quality is an enlightening way to live well as a cheapskate,” said Ganeshram. “When we focus on quality, we invest in items or experiences that add true value to our lives, and this is central to living well on less.”

Is being frugal attractive? ›

If you've got good reasons for wanting to spend less, frugality can actually be a really attractive quality. But the person sitting across from you on your next date needs to know about those reasons and what they mean for your potential future together.

What frugal people don t do? ›

Here are some of the things that smart frugal people never do.
  • Pay retail. Alliance Images / Shutterstock.com. ...
  • Ignore cash back. Prostock-studio / Shutterstock.com. ...
  • Carry a credit card balance. Olha Povozniuk / Shutterstock.com. ...
  • Ignore their health. ...
  • Spend their whole paycheck. ...
  • Use buy now, pay later. ...
  • Waste food. ...
  • Pay bills late.
Dec 13, 2023

How do I train myself to be frugal? ›

To save money, try implementing straightforward frugal habits. Consider cooking more meals at home, opting for used or free items, using a “waiting period” to curb impulse spending, “buying for life” and taking advantage of your local library.

How to save 10k in a year? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

What is the 70 money rule? ›

THE 70% BUDGET RULE

You take your monthly take-home income and divide it by 70%, 20%, and 10%. You divvy up the percentages as so: 70% is for monthly expenses (anything you spend money on). 20% goes into savings, unless you have pressing debt (see below for my definition), in which case it goes toward debt first.

How to be extremely cheap? ›

What are some tips for being frugal?
  1. Create a budget and stick to it. Being frugal begins with this tip. ...
  2. Shop around for the best deals. Buy what you need from the first store you see, but don't just go to the first one you see. ...
  3. Buy used instead of new. ...
  4. Make your own stuff. ...
  5. Repurpose and recycle. ...
  6. Be patient.
Aug 22, 2023

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