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!

Living Frugally: 50 Easy Frugal Living Tips and Ideas to Save Money (1)

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Living Frugally: 50 Easy Frugal Living Tips and Ideas to Save Money (2)

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


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

Instead of thinking about saving $10,000 in a year, try focusing on saving $27.40 per day – what's also known as the “27.40 rule” because $27.40 multiplied by 365 equals $10,001. If you break this down into savings per day, week, and month, here's what you're looking at in terms of numbers: Per day: $27. Per week: $192.

How to live extremely cheaply? ›

Consider which of these frugal habits work for you and your financial goals.
  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 live an extremely frugal life? ›

10 Extreme Frugal Living Tips That Actually Work
  1. Prepare for a Major Lifestyle Shift. ...
  2. Never Buy Impulsively. ...
  3. Use Technology To Cut Costs. ...
  4. Meal Prep Everything. ...
  5. Use Swap or Buy Nothing Groups. ...
  6. Buy Off-Season Goods. ...
  7. Cut Your Own Hair. ...
  8. Only Purchase Generic Items.
Dec 20, 2023

How to live a frugal and simple life? ›

So, we put together our 15 favorite frugal tips to live by that are also super simple and easy for anyone to use.
  1. Tip 1: Differentiate between Luxury Spending vs Necessary Expenses. ...
  2. Tip 2: Make Cuts in Your Spending. ...
  3. Tip 3: Cap Your Spending. ...
  4. Tip 4: Keep Receipts and Track Spending. ...
  5. Tip 5: Think Twice Before You Buy.
Jan 19, 2024

How to live on almost no money? ›

How to live off the grid with no money
  1. Do a work exchange. If you're new to the off-grid life, a great way to start is through Worldpackers. ...
  2. Join an off-grid community. ...
  3. Find low-cost or free land. ...
  4. Construct a cabin or tiny house. ...
  5. Grow your own food. ...
  6. Fish responsibly. ...
  7. Forage for edible plants. ...
  8. Collect and filter water.

How to live on under $1,000 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.

Where can you live for the least amount of money? ›

Most Affordable Places to Live in the U.S. in 2023-2024
  • Hickory, NC.
  • Youngstown, OH.
  • Huntington, WV & Ashland, KY-OH.
  • Fort Wayne, IN.
  • Beaumont, TX.
  • Peoria, IL.

What is the $27.40 rule? ›

Instead of thinking about saving $10,000 in a year, try focusing on saving $27.40 per day – what's also known as the “27.40 rule” because $27.40 multiplied by 365 equals $10,001. If you break this down into savings per day, week, and month, here's what you're looking at in terms of numbers: Per day: $27. Per week: $192.

What's the best example of frugal living? ›

Purchase used items. A frugal person doesn't always have to buy new items. Their buying habits often involve buying used items, which saves them a lot of money. Online marketplaces, garage sales, and thrift stores are all places where used items can be found.

What are signs of extreme frugality? ›

The Downside of Frugality:
  • Neglecting Household and Car Maintenance. Just like illnesses, house repairs and car maintenance can start small and spread quickly. ...
  • Buying Items Extremely on Sale Just Because They are on Sale. ...
  • Skipping Insurance. ...
  • Buying for Price Over Quality. ...
  • Not Splurging for Frequently Used Items.

How can I live a simple life with less stuff? ›

  1. Evaluate your space and examine your priorities. Flickr/lisaclarke. ...
  2. Declutter every area of your home. ...
  3. Store the things you can't part with. ...
  4. Think before you buy new things. ...
  5. Seek high-quality stuff. ...
  6. Be grateful for what you have. ...
  7. Purge on a regular basis. ...
  8. Disassociate from your material belongings.
Feb 5, 2019

How do I stop being a cheapskate? ›

  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 do you live a simple life with less things? ›

How to live with less? 13 practical ideas to try
  1. Declutter regularly. ...
  2. Do “no spend” challenges. ...
  3. Create a capsule wardrobe. ...
  4. Use up the things you already have. ...
  5. Focus on experiences. ...
  6. Go paperless. ...
  7. Appreciate what you have. ...
  8. Live below your means.
Jun 16, 2023

How can I restart my life with no money? ›

  1. Shift Your Mindset: From Scarcity to Abundance. ...
  2. Assess Your Skills and Talents. ...
  3. Set Clear Goals and Prioritize. ...
  4. Create a Budget and Reduce Expenses. ...
  5. Explore Alternative Housing Options. ...
  6. Generate Income with Creative Solutions. ...
  7. Seek Support and Leverage Networks. ...
  8. Invest in Continuous Learning and Personal Growth.
Jul 11, 2023

What to do when you have no money and no job? ›

Apply for government assistance programs like food stamps, unemployment benefits, or other social services that you qualify for. These can provide essential support during tough times. Explore community resources like food banks, shelters, or charities that offer aid to those in need.

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

Is it possible to be too frugal? ›

If you are too frugal, you may find yourself spending more money in the long run than you expected because of poor quality.

Can living frugally make you rich? ›

Financial freedom: Frugality leads to significant savings, reducing debt, and increasing your ability to invest, which can accelerate your journey to financial independence. Stress reduction: Living within your means and having financial buffers can lower stress levels and increase your sense of security.

Is it good to save 10000 a year? ›

In 2023, the average American reported only having around $65,100 in personal savings—that is, nonretirement savings. While saving more money might be one of your financial goals, it can be hard to get started. Setting a goal to save $10,000 in a year is an ambitious way to boost your savings.


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