11 Easy Ways To Live A More Frugal Life


Making frugal living a way of life is a wonderful thing you can do for your family. It means you can trim your spending where you don’t really need it, freeing up funds to use when and where you need them most. In many cases, you’ll find that you don’t even notice or miss the things you don’t buy.

“Frugal” doesn’t necessarily mean cheap, either—living a frugal lifestyle is more about learning to watch your money, tracking your spending and finding ways to get the best value for your dollar.

Here are 11 of our favorite tips for ensuring you’re living a more money-conscious lifestyle.

1. Familiarize Yourself With Your Own Money First

It sounds like a no-brainer, right? But what we mean by this is know how much money you bring in. If your earnings vary, then come up with an average estimate. Also, know how much you spend each month. Creating a simple chart with all of your monthly expenses and bills is a great way to see the difference between what’s coming in and what’s going out in a glance. It’s so important to have this baseline knowledge because without an idea of what you’re bringing in versus what you’re spending, it will be nearly impossible to set up a successful budget.

2. Live Below Your Means

If you’re living within your means, you’re in good shape. But you’d be even better off if you started to find ways to live below your means. By living below your means, you’d be able to have that extra money to stash away in savings or to invest. And by doing both, you’ll ultimately allow yourself to tap into long-term wealth building.

3.  Automate Your Money

Banks make it easy to force yourself to save as well as earmark funds for essential monthly payments like your mortgage or student loans. Take advantage of automated banking by having your bank pull a set amount out of your paycheck monthly to commit to savings and other necessary payments. For example, try this Reddit user’s approach:

“Ever since I bought my house and took on a mortgage payment of $800 a month, I have had my bank take $400 out of my paycheck every other week and put it into a separate savings account. Then at the end of the month, I make my mortgage payment directly from that account. I never see the money, so I don’t miss it, and there’s no way for me to run out of money for my house payment. It makes things so much easier, especially for a habitual overspender like me.”

4. Understand That Spending And Investing Are Different

Here’s the bottom line: Investing is when you put your money into a tangible asset; spending is, well, spending your money on something that’ll likely depreciate in value while never providing any long-term benefit.

Purchasing a new home (within your means) in a desirable neighborhood is a good investment. But purchasing the newest version of your phone only because it had extra features, even though your old one was perfectly fine, is spending.

And hey, it’s okay to spend every once in awhile, but it’s important that you know the difference and track the money you spend. You’d be surprised how fast it adds up. This is a great list that highlights the differences between spending and investing in all aspects of your life, and the ideas can easily flow over into money management.

5. Pay Off Your Credit Cards

It’s a phrase you hear over and over again when searching for ways to save, but that’s because this is one of the best things you can do for yourself if you want to start living a more frugal lifestyle. While credit cards can come in handy when you’re in a pinch, try to avoid using them on day-to-day purchases unless you plan to pay off your credit card in full each month.

6. Go For Quality

Sometimes there can be this misconception that frugality means always having to get the lowest price. But really, it’s more about getting the best value for your hard-earned money. Spending a little more for better quality will likely end up saving you money in the long run because you won’t have to replace that item as frequently.

 7. Cook At Home And For Less

We all probably know that cooking and eating at home, even if just for a few extra meals per week, can end up saving you a lot of money of the course of a year. But depending on what you’re cooking, even eating in can get pricey.

Look for recipes that help you get the most bang for your buck on budget-friendly cooking blogs like Budget Bytes, where you can find hundreds of affordable recipes, with new ones being added weekly. The author of the blog breaks down the cost of each recipe she posts, giving you a detailed look at where you’re spending your money in the kitchen.

8. Familiarize Yourself With Pricing

Get even more mileage out of those meals at home by making sure you get the best price on your groceries.

One savvy Reddit user suggested comparing food staples at your local grocery stores and being aware of what is cheapest where.

“What you should be able to do is walk into a store, look at a product, and know what a good price for that product is. If it’s a deal, buy it, or buy some extra. I still get caught buying something at one store when I don’t know the average price, then realizing at the next store that it’s half the price there.”

To ensure you’re not paying too much for your grocery list, here’s a helpful list of the average prices of various grocery staples from the Bureau of Labor Statistics.

And make sure to check out these great tips for saving at the grocery store too!

9. Invest In Your Own Modem And Router

One way to help slash your cable bill is to stop paying to rent equipment. Depending on the cable company, you could be paying anywhere from $5-$15 per month to rent a modem or router—or both. By purchasing your own equipment, you’ll end up saving money in the long run.

10. Get Rid Of Cable

If you’re really looking to save some extra money each month, ditch your cable TV. If you can’t bear to give up watching your nightly TV shows, think about alternative ways to watch your favorite shows.

One Reddit user had this suggestion:

“Instead of a cable package get a Roku player (about $50 to $60 if you look for a cheap model refurbished or on sale — there are plenty of similar items you could get instead) with your choice of Hulu Plus, Netflix, Amazon prime video . . . I will also buy a HDTV antenna.”

11. Clean With Vinegar

Instead of spending money on a variety of cleaning supplies, purchasing an inexpensive jug of vinegar can give you the same results, sans the expense and chemicals.

If you’re not sure how to clean with it, try these simple tips and tricks.

About the Author

Megan Fenno

Freelance Writer. Accessory Designer. Blogger. Digital Content Producer. Lover of Cincinnati, Ohio and living a savvy lifestyle. Wife. And mom to a 6 year-old stud. More.

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