35 Money-Saving Tips for Frugal Living (A Beginner's Guide 2022)

The word frugal is sometimes misinterpreted as a negative term. Although a thrifty lifestyle may appear to imply a reduction in quality, this is not the case. Instead, you might choose to save money in ways that will improve the quality of your life.

Let's take a closer look at what it means to be thrifty. To get started, check out our frugal living suggestions!

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What does it mean to live frugally?

The act of being very deliberate with your expenditures is referred to as frugal living. If done correctly, you will be able to prioritize the things that are most important to you. You'll spend money on the things that are most important to you and cut back on spending in other areas. Fortunately, various people interpret frugality differently.

Frugality does not have to mean substituting store brand cereal for your favorite Lucky Charms cereal. It isn't necessary to go without napkins. It also doesn't have to mean skipping out on exciting vacations in favor of a staycation.

The wonderful aspect about frugality is that you can tailor it to your own needs. You choose where you want to live sparingly and where you want to live lavishly.

Is it true that being thrifty equates to being cheap?

Certainly not! Cheap should not be mistaken with frugality. Cheap entails going to the store and purchasing the cheapest item available without regard for quality. Frugality is evaluating your desires and deciding to spend less money on items that aren't important to you. For example, you could decide to spend less on clothing in order to save money for your next vacation.

Is it worthwhile to live frugally?

Yes! If you're weary of allowing money to rule your life, frugal living is a good option. It is, nonetheless, vital to consider the advantages. You will have a tough time keeping on this road if you just consider the sacrifices that come with modest living.

You will, of course, have to give up certain things along the road. However, the sacrifices you make along the way may pay off in the long run.

Remember, you've chosen to be thrifty in order to enjoy the things that are most important to you. It may not be that tough to live a modest life if you keep your priorities in mind!

The advantages of living frugally

First and foremost, living frugally will enable you to gain greater financial freedom by hastening the completion of your financial goals. You have the option of allowing a cause-and-effect reality to take hold. This simply implies that if you choose to spend less money on anything, you may put that money toward things that are important to you. The nicest aspect is that you get to choose what is most important to you.

Perhaps you'll set aside some of your newfound cash for an early retirement. Perhaps you'll set them away to help you realize your goal of living aboard a yacht. Alternatively, you may use your funds as a safety net to seek a profession you genuinely like.

How to Begin Living a Low-Cost Lifestyle

If you've never tried to live this way before, it may appear challenging at first. That's fine! Don't be hesitant to alter things up as you go. Remember that this is not a one-size-fits-all method when you begin to test out various thrifty strategies and tactics.

Instead, you'll have to experiment with various frugal living strategies to discover how they affect you. You might not have a problem giving up eating out, but you won't be able to give up your favorite brand of shampoo. Simply have an open mind while trying out new cheap techniques and tactics. You'll probably have to do some testing to get the right balance for you.

It's crucial that you don't go too far. Although it is exhilarating to zealously decrease your spending without mercy, making too many cuts might backfire. Instead of saving for the long run, you may become burned out and stop saving entirely.

Adding new cheap tips and methods gradually is a wonderful approach to begin living frugally. To see how they feel, try them out. Keep one method and add another if you like it. If you don't like a strategy, abandon it and try something new. Before you fully hit your thrifty stride, you may need to explore a variety of tactics.

35 Tips for Living on a Budget

Here are some money-saving suggestions and tactics to get you started on your new journey!

1. Begin making a budget.

Having a budget and sticking to it is critical to your financial success. Budgeting is a necessary part of the puzzle, even if it isn't always enjoyable. You may prioritize what matters and ruthlessly cut out what doesn't within your budget.

It's important to remember that occasionally spending on the things you enjoy is perfectly acceptable. Just make sure you put money aside for these purchases ahead of time. If you wish to go on a certain vacation with your pals, get a great purse or pair of shoes and start saving money for it.

Fortunately, there are a variety of solutions available to assist you in budgeting success. Here's where you can learn more about making a budget that works.

2. Meal schedule

Meal planning, if you're anything like me, doesn't seem like much fun. My lack of meal preparation was burning a hole in my budget due to a mix of culinary anxieties and laziness.

I was pleasantly delighted by the savings when I took the plunge and started meal planning. I don't order lunch every day; instead, I eat what I've prepared at home. The savings of $10 to $20 a day quickly mount up. For more ideas, have a look at our 30-day meal planning challenge.

3. Prepare food in large quantities.

In a similar vein, finding the motivation to make supper after a hard day at work might be difficult. Unfortunately, I frequently turned to fast food, which only served to harm both my wallet and my waistline.

My supper routine has dramatically changed since I started cooking in bulk. Now, I make large batches of food dependent on what's on sale that week. On Sunday afternoons, I usually prepare enough to freeze several pieces. I simply pull those meals out of the freezer and reheat them over the week. My wallet and waistline both appreciate it.

How much money could you save if you spent a little more time in the kitchen? When you don't have to cook every day, you can discover that you genuinely love it. Here are some terrific budget supper ideas!

4. Take a look in your refrigerator.

I keep an alarming quantity of food in my pantry at any given moment. However, the majority of people have a similar quantity of food in their cabinets. Make a list of everything you have on hand. Make a dinner out of what you have in the cupboard or refrigerator.

I've recently stopped going to the grocery shop once a week and once a month. That week, my objective is to use up all of the remaining ingredients in my kitchen. You might be shocked at how inventive you can be in the kitchen.

5. Look for coupons

Even if you shop in bulk, groceries may be costly. Take advantage of coupons, which, trust me, can be found if you hunt hard enough. On each trip to the supermarket, you might be able to save a few bucks. Those savings might rapidly pile up!

6. Get rid of whatever you don't need.

Most of us are guilty of having a little too much clutter in our homes. It may be time to reduce if you have collected an extensive collection of designer purses, a ton of stuff your children have outgrown, or an overflowing bookshelves. With a little effort, that mess may be transformed into income. Facebook Marketplace, eBay, and Poshmark are all good sites to start selling.

7. Purchase a used vehicle

When you have the opportunity to purchase anything used, take advantage of it. You may save a lot of money by purchasing gently used things. Look through your local secondhand stores and internet marketplaces for the thing you require at a lower cost.

8. Return any items you no longer require.

Examine your most recent purchases. Is there anything you don't definitely require? Return to the store or return the item via mail to receive your money refunded. Even groceries can be returned. Yup! You read that correctly: grocery stores will accept damaged food and non-perishable products for return.

9. Make the most of the wonderful clothes you currently own.

Do you enjoy shopping? Do you think wearing great clothes and shoes contributes to your fabulosity? If that's the case, you undoubtedly already have a wardrobe full of clothes you never wear. Consider shopping in your wardrobe instead of going out to buy another pair of shoes that you'll only wear once and then forget about.

There are undoubtedly a few items of clothing and shoes at the back of your wardrobe that are demanding to be worn. Organize your closet so you can discover some of these hidden gems. Before you go out and buy items you don't need, learn to repurpose the wonderful outfits you already have. Even on a tight budget, you can look stylish!

10. Purchase an automobile that you can afford.

A automobile is a significant investment. It is, in fact, one of the most significant investments you will ever make. As a result, it is crucial to choose a vehicle that you can afford. Don't be fooled by a gleaming car's bells and whistles. Instead, figure out how much you can truly spend before going to the dealer.

11. When you have the opportunity, go for a walk or ride your bike.

While owning a cheap automobile is convenient, walking and bicycling are far more cost-effective. When you get the chance, go for a stroll or ride your bike. You'll save money on petrol and get some exercise at the same time.

12. Compare insurance quotes to find the best deal.

Insurance may be rather costly. Your financial ambitions may be jeopardized if you do not have enough insurance. It's crucial to make the greatest decisions for your life and your finances. Make sure to look around for a coverage after you have a clearer knowledge of what insurance you require. You may save thousands of dollars by shopping around.

13. Replace your lightbulbs LED lightbulbs utilize a quarter of the energy that traditional lightbulbs do. Furthermore, they have a far longer lifespan. It might save you a lot of money on your power bill over time. Take into consideration making the transfer.

14. Put your savings and assets on autopilot.

It's crucial to automate your spending objectives when you've put them up. Otherwise, you risk reverting to your old spending habits. Automating your retirement savings through your company is an excellent place to start. After that, think about setting up automated payments for all of your expenses. Examine your accounts for innovative methods to automate your finances.

15. Go to the library.

A library is a fantastic resource for free entertainment. They do, after all, have a large assortment of books. Most libraries, on the other hand, include enormous collections of movies, periodicals, and other materials. Please sign up for a library card in your region if you haven't already. You might be able to join up online, and you can use applications like Libby and Overdrive to access your local library's collection of books (including audiobooks).

The sheer volume of free resources accessible to you will astound you. Our greatest personal financial, business, and professional book suggestions may be found on our ultimate book list.

16. Take a look at your subscriptions and make sure they're still relevant.

Do you have more subscriptions than you actually require? Take the time to go over your subscriptions and figure out which ones are worth maintaining. If you cancel the rest of your subscriptions, you could have more time to appreciate one or two of them.

17. Host dating evenings at your house.

Date night doesn't have to entail an expensive meal or a trip to the movies. It may be a night of board games at home or a stroll around the neighborhood. Find unique methods to spend time with each other while keeping within your couple's budget.

18. Look for a part-time employment.

Getting a part-time job is a solid method to boost your finances. While you may find a job in your neighborhood, work from home opportunities are more flexible. If you already have a 9-to-5 job, look for a position that allows you to work from home.

There are a lot of alternatives to choose from. It's critical to pick something that piques your attention. Otherwise, finding the stamina to work after a long shift at your day job might be challenging.

19. Get rid of your debt

Debt depletes your resources. Make paying off your debts a top priority. You will never want to go back after you have eliminated debt from your life. You may get out of these financial binds by finding inexpensive methods to live within your means.

20. Stay away from credit card debt

Credit card interest is costly, and it's easy to accumulate unneeded debt quickly with credit cards. If you use a credit card, it is critical that you pay off your debt in full each month. It is advised not to utilize it if you are unable to pay it in full. Avoiding credit card debt is one of the most important frugal living advice since you may save a lot of money while staying out of debt.

Downsize (number 21)

The advantages of having a bigger house are numerous. The expenditures of living in a larger place, on the other hand, may pile up quickly. You are not only paying for increased square footage, but also for the additional expenditures that come with it. Consider decreasing your living area to make it more economical.

22. Take a low-cost or no-cost challenge.

It's often easier to stick to something when it's presented as a challenge. Why not attempt a low-buy or no-spend year if you're not sure where your money is going? If a complete year scares you, start with a no-spend month and work your way up.

23. Make money with applications

With these 26 greatest money-making applications, you can put some additional cash in your pocket! You may get paid to take images of sunsets, invest your extra change, or sell them on your smartphone. It's never been easier to make some additional cash.

24. Purchase in bulk

One of the thrifty methods for saving money on your food bill is to buy regularly used things in bulk, such as toilet paper, paper towels, soap, and so on. When you buy in bulk, the price per unit is generally lower, and you may make fewer journeys to the shop. If you buy perishable food in quantity, remember to prepare in bulk and freeze to save waste.

25. Get rid of the cable

Depending on your cable package, this is one of the thrifty tricks that can save you a lot of money. For example, if you spend $100 per month for cable, you'll save $1,200 each year! If you wanted to, you could quickly boost your emergency funds and begin saving for a luxury item. Instead of paying for pricey cable, save money by using a streaming service.

26. Traveling on a budget

Traveling on a budget is one of the top frugal living strategies. You may save a lot of money by going during what is known as the "off-season" and still enjoy a fantastic trip. You may also save money when traveling by eating less out and choosing a hotel with a kitchen where you can prepare part of your own meals.

Purchasing inexpensive plane tickets or rates may also save you hundreds of dollars.

27. Avoid going to the salon.

Okay, we all need our pampering and beauty treatments, but bypassing the salon whenever feasible will save you a lot of money. For example, if you get your nails done twice a month for $25 each, that's $600 over the course of a year! This is one of the most savvy budget strategies that will help you save money rapidly, even if you cut it to once a month.

28. Make your own gifts rather than buying them.

Making presents rather than buying them can help you save money and prevent credit card debt, whether you're getting a gift just because or it's the holiday season. Christmas is one of the most costly holidays, making it difficult for people on a tight budget to enjoy it. Making presents rather than buying them might be more meaningful. For more amazing gift-making ideas, check out Pinterest and YouTube.

29. Grow your own produce

You may be surprised to learn that you can produce veggies inside. You may save money by growing your own veggies and herbs, whether you live in an apartment or a house with a yard. Growing your own veggies is not only a unique frugal living advice, but it's also a lot of fun!

30. Save money on your utility bill

You may save money on your power bill in a variety of ways. When it's not too hot outside, for example, you may save money by utilizing fans instead of air conditioning. On hot summer days, you may also avoid using your oven to save energy. You may also save money on your utility bill by washing your clothing in cold water. There are several cost-cutting suggestions for lowering your power bill.

31. Free entertainment

Making a difficulty enjoyable is the best way to make it easy. Having free fun is one of the finest frugal living strategies. There are other free fun activities available, such going to the park, having a picnic, or having a campfire, to name a few.

32. Reduce the cost of pricey coffee

Coffee costs nearly $2,000 per year for millennials! Yikes! I'm not suggesting you give up your favorite coffee, but cutting back on your spending may help you save a lot of money. Even if you spend $20 per week on takeout lattes, that's still $1,040 per year. It's difficult to cut delicious coffee, but you may buy multiple kinds of coffee and creamer and have your cup of joe at home while saving money. This is an example of a frugal living strategy that may help you save a lot of money.

33. Exercise at home

More and more people in the United States are choosing to exercise at home. A typical gym membership costs around $58 per month, or over $700 per year. Home fitness videos may be found on YouTube, and exercising at home can save you a lot of money.

Stop buying on impulse.

Thanks to e-commerce, impulse purchases have never been simpler. You can find anything at the press of a button, and those late-night shopping sprees may quickly add up to hundreds or thousands of dollars. One of the most important frugal living strategies to help you save money is to learn how to quit purchasing.

35. Figure out what you can do without.

Just because you have the option to purchase something does not imply you should. Determine what you can live without as you attempt to stretch your expenditures. Whether it's temporary or permanent, this may provide you a significant boost by allowing you to save more money.

Use these money-saving methods to increase your savings!

Frugal living does not have to be a sacrifice. Make an attempt to see frugality as a method to completely appreciate the things that matter to you. It's simpler to spend on things that matter when you have your finances under control. To find out which frugal living suggestions work best for you, try out a few at a time. These fantastic frugal living blogs might also provide inspiration.


Freelance writer with a passion for EarlyInfo Website. Keeping up with the latest news, pondering on the essence of life, and thinking about new business opportunities. Most productive when Drink Coffee.

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