So… how do YOU save money?
Finding ways to stretch your income and keep more of your hard-earned cash is a challenge most of us face.
The good news?
There are some super intense frugal living tips that aren’t for everyone but are actually worth following.
Here are some of the best tactics that have worked for people looking to reduce their monthly expenses, and they might work for you too.
1. Cut Off All Entertainment
One of the easiest ways to trim your budget is to eliminate paid entertainment. No concert tickets, sports games, or movie outings. Instead, opt for free or low-cost activities like walking with family, gardening, reading, browsing online, or enjoying a quiet nap. With enough hobbies and interests, paid entertainment might not even be missed.
2. No Bottled Water
Skip the bottled water and invest in a water softener or purifier. Even better if you have access to well water. It’s a one-time cost that eliminates a recurring expense, and it’s better for the environment, too.
3. Drive a Cheap Car (And Let It Earn Money)
Driving a reliable, fuel-efficient car like a hybrid can save a ton on gas and repairs.
Bonus: Using it for rideshare services can turn it into an income-generating asset rather than a money drain.
4. No Eating Out, Junk Food, or Fast Food
Cutting out restaurants, takeout, and convenience snacks can lead to major savings. Stock up at grocery stores and produce stands, and cook meals at home using fresh ingredients. Treats like fast food and soda become occasional indulgences rather than everyday habits.
5. Rarely Shop for Clothes and Accessories
Adopting a minimalist approach to clothing can help curb spending. When your closet is already stocked, there’s no need for frequent shopping trips. Rewear, recycle, and be content with less—it adds up over time.
6. Move to a Cheaper Country
For those who love to travel or work remotely, relocating to a lower-cost country can be a game-changer. Expenses can drop significantly, and the lifestyle benefits can be just as rewarding.
7. Buy Clothing That Lasts Longer
Investing in classic, high-quality pieces, especially if tailored, pays off in the long run. Durable clothing not only looks better but also lasts longer. Even budget-friendly suits can be altered to fit well and extend their lifespan.
8. Buy In Bulk
Keeping a stocked pantry encourages cooking at home and reduces the temptation to grab fast food. Buying non-perishable items in bulk often costs less per unit and makes it easier to prepare meals quickly.
9. Drive Cheap, Used Cars
Buying a used car outright, especially an electric one, can mean serious savings. Eliminating a car loan and slashing gas costs (in exchange for a slightly higher electric bill) is often a smart financial move.
10. Cook Every Meal at Home
Home-cooked meals can drastically reduce food expenses. Even with a busy work schedule, preparing your own breakfast, lunch, and dinner helps avoid the steep prices of dining out. It’s healthier, too.
11. Cut Your Own Hair
Learning to cut your own hair or your family’s can save hundreds of dollars each year. Embracing your natural color and style adds to the savings and simplifies your routine.
12. Pay Bills on Time
Avoiding late fees and maintaining a high credit score can open doors to better financial options, like lower mortgage rates. Staying on top of due dates is a small habit with big benefits.
13. Practice Self-Denial and Delayed Gratification
Avoiding the trap of lifestyle comparison, especially in image-conscious environments, can keep your finances in check. Delaying big purchases, living simply, and focusing on long-term goals instead of short-term comfort can lead to real financial freedom.
Saving money doesn’t always require a radical lifestyle overhaul. Often, it’s about making consistent, intentional choices. Try a few of these strategies and see which ones fit your life best—you might be surprised by how much you can save.
