13 Frugal Living Tips: Cut Costs and Boost Your Savings

Young woman shopping in clothing store, checking price tag.
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Has your budget gotten too tight for comfort? Cutting expenses and living on less may feel overwhelming, but some simple, frugal tips can help you painlessly trim the budget and save money. These frugal living tips are not just about being cheap — they’re about smart spending and maximizing the value of every dollar. Read on to discover practical ways to reduce your expenses and increase your savings without sacrificing your lifestyle.

13 Frugal Living Tips To Help You Save Money

Frugal living isn’t about depriving yourself — it’s about making intelligent choices that boost your savings without sacrificing your quality of life. These 13 frugal tips are designed to guide you through various aspects of your daily spending, showing you where you can cut costs and how to make the most of your budget. From smart shopping strategies to efficient home management, these tips provide a roadmap to a more financially savvy and sustainable lifestyle.

1. Never Pay Full Price

Try to avoid paying full price whenever possible. The internet has made it easy to find used goods in excellent condition, whether you need clothing, furniture, electronics or other items. When buying used isn’t an option, search for coupons, discounts and sales before buying.

2. Watch the Cost of Convenience

Convenience items have become so commonplace that you may not always realize what you’re paying for. Paying full price for some convenience food items may cost significantly more than preparing food from scratch. How much extra do you pay for your streaming services to avoid commercials?

If paying for convenience isn’t helping you save or make money in other ways, consider cutting the expense.

Make Your Money Work for You

3. Waste Less

Disposable products, another form of convenience, often get tossed in the trash without considering the cost. Replace some of those disposables with reusable alternatives, such as trading paper napkins for cloth.

Also, consider how much food you buy and then waste. Food waste is often a result of overbuying or improper food storage, which are easy problems to correct. 

4. Use Less

Have you ever thought about whether you use more shampoo, toothpaste or dish detergent than necessary? What about electricity, water or gas? Finding ways to use less can help you save in almost every area of your budget.

5. Opt for Generic Brands

Switching from name-brand products to generic or store brands can lead to substantial savings without compromising quality. Generic brands often offer the same quality as their branded counterparts but at a fraction of the cost. This tip applies to groceries, over-the-counter medications, cleaning supplies and more. The key is to compare ingredients and quality, not just the brand name. Over time, the savings from choosing generic brands can add up significantly.

6. Buy In Bulk

You can sometimes save significantly by buying grocery and household products in bulk. Also, having a good stockpile can get you through lean months when you may have less wiggle room in the budget.

Just remember to do the math before making a bulk purchase. That bigger box isn’t always the best buy.

7. Cut Down on Subscription Services

Subscription services, whether for streaming platforms, magazines or gym memberships, can slowly drain your budget. Evaluate your subscriptions and keep only those you regularly use and enjoy. Consider sharing subscriptions with family or friends or alternating services to save money. Sometimes, a break from a service can also help you assess whether it’s genuinely valuable to you or just a habitual expense.

Make Your Money Work for You

8. Embrace Energy Efficiency

Investing in energy-efficient appliances and practices around your home can lead to significant savings on utility bills. Simple changes like switching to LED bulbs, using energy-efficient appliances and insulating your home better can reduce your energy consumption and save money in the long run.

9. Plan Your Meals

Meal planning is an effective way to minimize food waste and save money. By planning your meals for the week, you can buy only what you need, reducing impulse purchases and ensuring that you use up the food you buy, thus saving money on groceries.

10. Utilize Public Transportation

If it’s feasible in your area, using public transportation instead of owning a car can save a lot of money. You’ll save on gas, insurance, maintenance and parking fees. Even carpooling or biking can be a cost-effective alternative.

11. Grow Your Own Food

If you have space, starting a small garden can be a satisfying way to save money. Growing your own vegetables, herbs and even fruits can reduce your grocery bill, and it’s also a rewarding hobby.

12. Learn Basic Home Repairs

Gaining skills in basic home repairs can save you from paying for professional services. There are numerous resources online that can teach you how to fix leaky faucets, patch drywall or even paint your home.

13. Shop Off-Season

Buying off-season items can save a lot of money. For example, buying winter clothes at the end of the season or holiday decorations after the holiday has passed can lead to significant discounts.

How To Be Frugal: For Beginners

If you’re a frugal beginner, start by reducing your expenses slowly. If you drastically cut all spending to the bone, you likely won’t stick with it. You might find the transition easier if you start by trimming your necessary expenses — electricity, auto insurance, household supplies — and then focus on discretionary expenditures, such as hobbies and entertainment.

Make Your Money Work for You

Final Take

You may be looking to develop some frugal habits to alleviate a tight budget, but trying to implement too many frugal living tips all at once may feel too restrictive. Pick a few and ease into your frugal lifestyle. Stick with them, and they’ll eventually become habits that can help you save money regardless of your financial situation.


Here are the answers to some of the most frequently asked questions about frugal living.
  • How do frugal people live?
    • Frugal people don't live differently than anyone else. They're simply skilled at finding ways to live on less while still enjoying many of life's luxuries.
  • What kind of behavior makes you frugal?
    • Frugal people often live within their means and are proactive with their spending. They look for ways to save on most purchases. They take steps to get as much use as possible out of things before replacing them -- many practice self-sufficiency.
  • How do I live extremely frugal?
    • Living extremely frugally involves making conscious choices to minimize expenses in every aspect of life. This includes adopting practices like meal planning to reduce food waste, using public transportation and cutting non-essential expenses. It also means being resourceful, such as repurposing items, doing DIY projects and seeking free or low-cost entertainment options.
  • How can you live on very little money?
    • Living on very little money requires careful budgeting and prioritizing necessities over luxuries. Focus on basic needs like affordable housing, food and transportation. Shop for groceries on a budget, use energy efficiently to save on utility bills and look for free community events for entertainment. Avoiding debt and unnecessary expenses is key.
  • How can I live as cheaply as possible?
    • To live as cheaply as possible, evaluate and reduce your major expenses. Opt for smaller living spaces, cook at home more often and use public transport or carpool. Be vigilant about sales, discounts and buying second-hand items. Also, embrace self-sufficiency in tasks like home repairs, gardening and sewing to reduce dependence on paid services.
  • How can you be frugal without being cheap?
    • Being frugal without being cheap means finding a balance between saving money and maintaining quality of life. It's about making smart spending decisions, not just cutting costs. Invest in quality items that last longer, spend on experiences rather than things and prioritize spending on what truly adds value to your life. Frugality is about wise spending, not just minimal spending.

Andrea Norris contributed to the reporting for this article.

Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.

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