The 15 Best Frugal Tips for Smart Spending

Mastering the art of frugality has become more valuable in today’s fast-paced world when money appears to go as soon as it is acquired. Adopting thrifty habits may make all the difference, whether you aim to develop an emergency fund, take charge of your financial destiny, or save up for a once-in-a-lifetime purchase. 

This article explores the world of frugality in depth to provide you with 15 frugal living suggestions that will not only help you save money but also give you the freedom to make meaningful decisions. 

Let’s get right into the best frugal living tips to save money. 

1. Create a Budget

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Setting and sticking to a budget is the cornerstone of sound financial management. A reasonable budget will serve as a map to direct your spending and savings choices, keeping your cash under check. 

Start by dividing your income into all fixed and varied expenditures. Remember to highlight your financial goals and how much money will go into them. 

A well-organized budget’s strength rests in its capacity to reveal where your hard-earned cash is going and how it may be better spent.

2. Cook at Home

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A well-home-cooked meal will delight your taste senses while stretching your budget. Cooking at home opens the door to savings that can substantially enhance your monthly budget. The cost of eating out is almost always three times as high as cooking at home. It may increase if you factor in tipping service providers or driving to the restaurant.

By preparing your meals, you save money on dining out and develop control over the ingredients you use, allowing you to make healthier choices.

To take things a notch higher, cook in batches to eat throughout the week. 

3. Meal Planning

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The skill of meal planning raises the bar for your ability to prepare meals at home. It entails planning your meals for the next week while taking advantage of bargains and products you already have in your fridge and pantry. 

 Besides, by reducing last-minute rushes to the grocery store or takeaway, you decrease food waste and guarantee that you remain on budget.

Furthermore, meal planning is an excellent chance to watch what nutrients you consume. You can be intentional about planning to have nutritious meals all week, and effective meal planning will help you achieve that. 

4. Shop Sales and Use Coupons

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Coupons and bargains are your reliable partners in the world of economic living. They can help you save a few bucks every time you pop into a grocery store or shop online. 

 Always examine publications, websites, and specialized coupon applications for savings on goods you often buy. You may be surprised how these little savings add up over time. 

You also want to keep an eye on when products you frequently use are put up on sale. 

When this happens, please take advantage of the sales and save some money while at it. 

5. Buy In Bulk

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Larger purchases of non-perishable goods, condiments, toiletries, and cleaning products will always help you save money. 

If you are to buy perishable goods in bulk, ensure you prepare and store them well to keep them fresh. Also, you want to ensure it is something you use frequently. 

Bulk buying is known to go hand in hand with other frugal living tips such as meal planning and shopping sales. If you find a product you frequently use on sale, take that advantage and buy it in bulk. It will save you money per unit and reduce the need to keep going back to the grocery store every other day. 

6. Cancel Unused Subscriptions

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Subscriptions sneakily drain your bank account, especially in this era of digital entertainment. Many people keep subscriptions they do not use because they forget about them or hope to get time or a chance to use what they pay monthly. 

Make a list of everything you pay for regularly and ask yourself whether you’re getting any actual use out of it. Anything that is inactive should be canceled. 

By canceling inactive subscriptions, you’ll have extra money for other uses.

7. Shop at Thrift Stores

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Thrifting is a fun treasure hunt for those who are looking to save money and get great value at the same time.

Thrift shops are great places to find one-of-a-kind pieces for your home or wardrobe for a fraction of their original cost.

Before shopping at a new store, look around thrift stores in your neighborhood and city. A treasure is almost always waiting to be found but at a lower price. 

8. DIY Repairs

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The spirit of frugality entails channeling your inner handyman or handywoman by fixing little things around the house. Learning simple repair skills, such as sewing a button or fixing a leaking faucet, may help you save money and give you a sense of agency over your surroundings. Nothing feels more satisfying than fixing your stuff by yourself. 

Take tutorials and learn to fix simple problems that may develop in your home appliances, car, and other items. Mastering these skills will save you from having to pay hundreds of dollars every time you call in a professional repairman. 

9. Reduce Energy Consumption

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Reducing energy use has several benefits, including boosting your financial savings and reducing the environmental impact. To save more money in the long term, switch from incandescent to LED lights, turn off gadgets when not in use, and upgrade older and less energy-efficient appliances. 

You can also go a little hardcore and dump the tumble dryer, embrace air drying, iron in bulk, and start showering instead of taking baths and lowering thermostat settings. 

10.  Use Public Transportation

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The costs associated with automobile ownership and maintenance add up quickly. According to Bankrate, the cost of owning and operating a car in 2022 stood at $10, 728 per year.

The cost of buying a car and maintaining it to remain roadworthy can become overwhelming. Many car costs, such as insurance and parking fees, are often ignored but add up to some good money. 

Start using public transport today and save over 3/4 of that car money. Not only is it an economical option, but it also contributes to reducing carbon emissions.

11. Cut Cable TV

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With the rise of social media and streaming services, people rarely watch cable TV but still keep paying for it. 

According to, the average cost of a cable TV plan is $83 per month, which is an outrageously high amount compared to streaming services or free social media. 

You save money and gain greater control over your viewing preferences by cutting the cord.

12. Avoid Impulse Buying

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It goes without saying that even a highly disciplined budget may be derailed by impulse purchases. It’s high time you implement a “72-hour rule” for mindful shopping. This means you shouldn’t buy an item immediately if you get the thought of doing it.

Instead, add it to your online shopping cart and institute a 72-hour rule for everything you consider a non-essential purchase. This will give you time to ensure what you want to buy is a well-thought-out choice.

13. Save Automatically

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Many people plan to save money but never really do it. 

It can feel like a task; many forget to do it until the money is splashed on every other thing, or they lack the discipline to do it. 

What if this burden was lifted from your shoulders? That is precisely what automated savings do. 

Set your savings on autopilot by arranging automatic transfers from your paycheck to your savings account. This ensures that your financial goals are prioritized and progress steadily without you even lifting a finger.

14. Comparison Shop

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Thanks to the internet, comparison shopping has never been as easy. Before purchasing anything, explore multiple retailers and platforms to secure the best deal. Price comparison websites and apps can be invaluable tools in your frugal journey. 

Find comparison websites to compare items before making the purchase. A lot of times, you will find a better deal waiting for you elsewhere. 

15. Negotiate Bills

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There’s a good chance you’re overspending on at least one expense. If you are the person who pays whatever amount is due on all of your bills, you may be letting go of more money than you should. 

Bill negotiation might be difficult and uncomfortable at first. However, if pulled successfully, it is a significant saving method.

Don’t shy away from negotiating bills with service providers. Whether it’s your internet, cable, or insurance, a polite inquiry about available discounts or promotions can result in substantial savings.

Best Frugal Living Tips To Save Money

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Every decision in frugality is a step toward financial independence and empowerment. By adopting these 15 frugal living suggestions into your daily routine, you will save money and embark on a path of responsible spending and conscious living. Your wallet (and future self) will thank you for the thrifty sacrifices you are making now. 

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This article was produced and syndicated by A Dime Saved.