12 Penny-Pinching Rules Frugal People Practice for Practical Living

Saving money can be an art form, and the serial penny-pinchers among us have a broad penny-pinching palette! Here are twelve practical living ideas that can help you save without sacrificing your quality of life.

1. Shop Secondhand

Secondhand shopping can yield some serious gems. It’s a practical and inexpensive way to buy everything from clothing to appliances and electronics.

2. Use Public Transportation

Taking the bus, train, or even just walking are all familiar to practicing penny pinchers. They save considerably on transportation expenses and still get where they need to go on time!

3. Embrace Meal Planning

There’s no way around it—committing to a practical life means more cooking to save money. Embrace it: find what you love to cook, whether it’s delicious, easy, or both, and make a lot of it!

4. Stick To Your Budget

Penny pinchers know they don’t have to squeeze nearly as hard if they’re savvy about spending. Sticking to a budget is an absolute must for a simpler, happier life where overspending isn’t an issue.

5. Make Do or Do Without

Many frugal people learn to live without the latest and greatest. Before you buy something, ask yourself if you really need it or if you can do without it. Thinking this way will not only reduce your overall consumption and spending, but it’ll also make you more creative and resourceful.

6. Practice Preventative Healthcare

Diet and exercise aren’t just good for your body—they’re good for your wallet! Routine check-ups and maintaining your overall physical and mental wellness are fantastically frugal.

7. Lower Living Expenses

Frugal individuals are always searching for ways to slash their living expenses. Whether this means investing in a programmable thermostat or cutting down on monthly subscriptions, a quick audit of your living expenses frequently can help keep you from spending too much on things you don’t need.

8. Give Restaurants a Rest

Everyone loves going out to eat. But doing it all the time just isn’t practical. Skip the Saturday night reservation and stay in with a cheaper but equally delicious meal made at home.

9. Learn Sewing Basics

Learning to sew can prevent you from tossing clothes you’d otherwise replace. It’s a big in-your-face to fast fashion too, which is a money suck and terrible for the environment.

10. Learn to DIY

The internet is an incredible resource for learning to do something yourself. Leverage it where possible and avoid paying for unnecessary services, but only where it makes sense. Some home improvement projects can be even more expensive and even dangerous if you aren’t sure what you’re doing.

11. Keep Debt at Bay

Debt is the enemy of the penny pincher; it’s an expensive spiral that keeps you trapped and unable to achieve your financial goals. Pay down debt as soon as possible and budget properly to avoid it in the future.

12. Automate Your Savings

Penny pinchers won’t have to pinch pennies they don’t have access to. That’s why many of them will automate their savings, signing up to have cash taken directly from their checking account monthly and deposited where they can’t use it nearly as quickly.

Read More: