Living Frugally: 50 Easy Frugal Living Tips and Ideas to Save Money (2024)

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When we started our debt free journey in 2019, we knew we had to learn everything there was about living frugally! If you are looking to pay off debt, buy a house, save for the future, or reach another important financial goal, learning to live a frugal life will help you get there.

What does it mean to be frugal?

I used to think living frugally was the same as living cheaply or living stingy.

This just isn’t true!

Frugal living is living with less stuff, less clutter, less stress, and more freedom!

In fact, most people that have a million dollar net worth live frugally.

This means they budget, save, and are 100% intentional with every dollar they make.

They give, invest, and YES, even enjoy their money!

You can’t get to millionaire status by spending like crazy, going in to debt, and trying to keep up with a “more is more” lifestyle.

Don’t be discouraged by the thought of frugal living.

I will show you how to live well, while spending less, and living a frugal life.

The Benefits of Frugal Living and Living Simply

Before you jump in to living a frugal life, you might want to know what the benefits are!

As I mentioned above, most people that have REAL wealth (not pretending to have wealth with credit cards), live frugally.

Frugal living allows you to save for emergencies, pay cash for things you want to buy, and feel less stressed because you aren’t as worried about money!

Frugal Living Tips with a Big Impact

  1. Keep housing expenses less than 25% of your income
  2. Learn how to create a budget and stick to it!
  3. Pay Off Debt to improve your household cash flow (don’t use credit cards for emergencies!)
  4. Stop eating out, and create a meal plan
  5. Use cash envelopes to prevent overspending
  6. Practice gratitude and contentment for the things that you have.
  7. Switch from a “large” cell phone provider to Tello. With plans as low as $5 to $39 / month, you can save hundreds in your monthly budget!

Related Post: How to Drastically Reduce Your Monthly Expenses

Frugal Living Tips for Families

  1. Take STAY-cations (Camp outside, take a road trip, or get a hotel in the “city” near you!)
  2. Use Amazon Prime to get free shipping and take advantage of “subscribe to save” discounts (Related: How to Save with Amazon)
  3. Host a monthly budget meeting so you can plan ahead for expenses.
  4. DIY your family Birthday Parties and other costly events.
  5. Search for travel deals in advance (6 weeks for the best flight deals!)
  6. Start a side hustle to earn extra “fun money” or savings.
  7. Use Trim to find and cancel your unwanted subscriptions.
  8. Shop an insurance broker like Zander Insurance to make sure you’re getting the best home and auto insurance rates.
  9. Adjust your heat and air by one degree (it really makes a difference!)
  10. Buy non perishable items (toothpaste, hand soap, birthday cards, wrapping paper), at The Dollar Tree!

Living Frugally to Save Money on Food and Drink

  1. Try a delivery service like Amazon Prime Pantry so you can plan your list and prevent impulse buys.
  2. Use coupons, or cash back apps like Ibotta
  3. Meal Plan to save BIG on groceries
  4. Ditch Starbucks or earn free Starbucks gift cards with Swagbucks.
  5. Buy in-season Fruits and Veggies
  6. Grow your own food and herbs
  7. Drink water instead of soda or juice
  8. Buy in bulk.
  9. Shop around for the best deals. Sometimes we will buy a few things at different grocery stores if the deals are worth the extra trip!
  10. Buy generic brands.
  11. Learn freezer cooking to save time and money! Free workshop here.

Frugal Living Tips to Save Money on Clothing and Shopping

  1. Use Cardpool to buy discounted gift cards
  2. Earn cash back with apps like Ebates
  3. Shop off season clearance sales (buy a coat in the summer, and swimsuit in the winter!)
  4. Research big purchases before heading to the store
  5. Stick to a capsule wardrobeand learn to create new, timeless outfits without shopping.
  6. Sell your outgrown or never worn clothes on Poshmark, and use the credit to buy something you love!

Frugal Living Tips to Save Money on Entertainment

  1. Negotiate rates on your cable and internet bill
  2. Cut cable completely (Use streaming services like Netflix, Hulu, HBO Now, or Amazon)
  3. Find a brick and mortar video rental store (they still exist!)
  4. Use the library for free movies, books, and activities for kids
  5. Bring your own snacks to the movies (you know you do it!)

Living Frugally to Save Money on Health Care, Fitness, and Beauty

  1. Use a health cost sharing ministry like Christian Health Ministries or Medishare
  2. Ask for a discount on large medical bills
  3. Do at-home workouts or take walks instead of a gym membership
  4. Use GoodRx to save on prescriptions
  5. Buy eyeglasses and contactsonline
  6. Dye your hair at home

Extreme Frugal Living Tips

We are not always this extreme, but these are some things you can do to really live on a dime! Here are some of my favorites.

  1. Make your own laundry detergent and cleaning products
  2. DIY your deodorant
  3. Save water by hand washing and drying your dishes and clothes
  4. Ditch your smart phone
  5. Rent out a room in your home on AirBnB.
  6. Become an extreme couponer
  7. Rent out your car when it’s not in use
  8. Walk or ride a bike everywhere to save on gas

There are so many ways to achieve living frugally every day, without sacrificing happiness and fun!

Which of these frugal living tips and ideas will you try?

Let me know in the comments!

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Living Frugally: 50 Easy Frugal Living Tips and Ideas to Save Money (2024)

FAQs

Living Frugally: 50 Easy Frugal Living Tips and Ideas to Save Money? ›

A simple life is not filled with complications and distractions, it is a life that is lived focused on things that matter to the person. It can also have varying extremes. For some, it's as simple as cutting their cable bills and getting rid of the ​TV, while others can go as far as living “off the grid.”

How can I live simply and cheaply? ›

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 do you live extremely 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 can I be extremely cheap? ›

To be frugal, follow these tips:
  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

How can I live off very little money? ›

These seven tips may be able to help.
  1. Understand your current financial habits. Not sure how to start spending less? ...
  2. Create an effective budget and stick to it. ...
  3. Look for ways to reduce spending. ...
  4. Set financial goals for future success. ...
  5. Save for emergencies or major purchases. ...
  6. Pay down debt. ...
  7. Stay aware of lifestyle creep.

What is the simplest lifestyle? ›

A simple life is not filled with complications and distractions, it is a life that is lived focused on things that matter to the person. It can also have varying extremes. For some, it's as simple as cutting their cable bills and getting rid of the ​TV, while others can go as far as living “off the grid.”

Where can I move for a simpler life? ›

Best US Cities for a Minimalist Lifestyle
CityRankSelf Storage Score
Salt Lake City, UT163.5
Arlington, VA291.5
St. Paul, MN382.0
Madison, WI454.5
10 more rows
Nov 20, 2023

What is the difference between cheap and frugal? ›

Frugal is Always value. Frugal is always being resourceful in order to save; prioritizing for having more of the things you really care about. Those that are cheap are afraid to spend in order to cash in on saving cash short term and will often suffer inferior quality.

What does being cheap say about a person? ›

Frugal is Always value. Frugal is always being resourceful in order to save; prioritizing for having more of the things you really care about. Those that are cheap are afraid to spend in order to cash in on saving cash short term and will often suffer inferior quality.

During which life stage is a person likely to earn the greatest amount of money? ›

Explanation: A person is likely to earn the greatest amount of money in their middle adulthood, typically around their peak career years, which statistically range from their late 40s to early 60s.

Can a person live on $1,000 dollars a month? ›

Living on $1,000 per month is a challenge. From the high costs of housing, transportation and food, plus trying to keep your bills to a minimum, it would be difficult for anyone living alone to make this work. But with some creativity, roommates and strategy, you might be able to pull it off.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How much does the average person spend a month? ›

The average monthly expenses for one person can vary, but the average single person spends about $3,405 per month. Housing tends to consume the highest portion of monthly income, with the average annual spending on housing at $1,885 per month per person.

Is being a cheapskate a disorder? ›

The American Psychiatric Association defines frugality as a symptom of obsessive-compulsive personality disorder (OCPD) when someone “adopts a miserly spending style toward both self and others.” Extreme frugality is an amplified version of that, and it often involves viewing spending as a bad thing no matter how much ...

How can I live frugally and retire early? ›

10 Ways to Live Frugally in Retirement
  1. Stick to a Budget. ...
  2. Plan for Healthcare Costs. ...
  3. Cut Your Housing Costs. ...
  4. Pay Yourself. ...
  5. Move to a Lower Cost Area. ...
  6. Forgo Eating Out. ...
  7. Hire a Financial Advisor. ...
  8. Reassess Your Insurance Needs.
Sep 6, 2023

Why do rich people live frugally? ›

Advantages of Frugal Living

Increased savings: By spending less on non-essentials, you can save a significant amount of money over time. Reduced financial stress: Frugal habits help in avoiding debt and living within your means, leading to less financial anxiety.

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