I didn’t always apply the tips to live frugally.
In fact, there was a time I only saved when I had abundance and didn’t know what to do with it or when I needed something I couldn’t afford to pay cash for.
I used to swipe my card without checking my balance, order takeout like I had shares in the restaurant, and convince myself that I needed that new shoe because, well, I didn’t have that shade of brown yet.
And, don’t judge me (or maybe you should lol), but I wanted to have a closet-full of shoes like my favourite celebrities.
It didn’t matter that my net worth was money they spent on one designer bag.
However, everything changed the day my bank account hit zero and I lost my job not too long after – no savings, no emergency funds.
Needless to say, and without mincing words, I suffered.
Thankfully, I had family who housed and fed me, or I would have ended up homeless.
But I had money for nothing else, and that was some of the most embarrassing moments of my life.
However, I probably needed it; it was the wake-up call I desperately needed.
So, before I found another job, I started researching how to manage money better and stumbled upon the concept of frugal living.
At first, I thought it meant cutting out all the fun. But over time, I learned that frugal living is more about being intentional.
And you know what else I found? We can do without most of the things we thought we needed.
Anyway, before this introduction becomes longer than I intended, now that I am in a better place, I want to help someone with what helped me.
So, I will be sharing frugal living tips that drastically improved my quality of life today.
If you are ready to spend smarter, keep reading for tips to live frugally.
Practical Tips to Live Frugally and Save More
1. Invest in Quality Items
Let’s start with this because it may seem counterproductive to talk about investing in quality items when we are talking about living frugally. Not because we don’t agree that buying quality is the way, but because we all know quality usually means more expensive.
However, sometimes, frugality means spending more upfront. When you buy high-quality products, especially for things like clothing, electronics, or cookware, you’ll save money long-term because they last.
Cheap items might seem like a good deal initially, but they often wear out faster, forcing you to replace them sooner.
So instead of buying three cheap irons in one year, just buy one solid one that will last for years.
Trust me, quality always pays off eventually; not only will your wallet thank you down the line, but it will save you the stress of repairing or replacing.
2. Buy Second-Hand
You don’t have to buy everything new. Some people invested in quality items that they want to part with now; take advantage of that.
Check thrift stores and online marketplaces anytime you want to buy electronics, furniture, clothes and even baby items.
You can also reach out to friends and family; you never know who has an old blender that is gathering dust in their pantry.
A lot of what you need has already been used and loved by someone else, and is still in great condition. So, why should you spend a huge chunk getting a new one when you can get a more affordable alternative?
Buying second-hand saves you a good chunk of money and still gets you what you need, so why bother? Just make sure to inspect for quality and functionality before paying.
3. Eat More Home-Cooked Meals
I understand you may love eating out; I did too. But eating out can drain your finances quickly.
On the other hand, cooking at home is not only more budget-friendly but also much healthier.
If you can’t cook, there are always YouTube recipe videos to follow and learn as you go along. The meals don’t have to be elaborate; healthy meals rarely are anyway.
You should also plan your meals, prep in advance, and carry lunch to work; all these add up eventually.
This is a good way to save and stay healthy.
4. Be Strategic About Clothing
Instead of buying trendy pieces you’ll wear once, stick to basics in neutral colours – like black, white, grey, or beige – that can be mixed and matched easily.
For instance, a simple black skirt can pair with five tops, but a neon green one will require a matching colour.
Instead of spending more on trends, build a wardrobe that’s stylish yet versatile. That way, you always have something to wear without constantly shopping.
When shopping for clothes, think long-term use, not just short-term excitement.
Also Read: 10 Money Management Tips to Be Successful with Money
5. Avoid Impulse Buying
Impulse buying gets the best of most of us, so let me show you a trick I learnt that works.
Ignore that voice of urgency telling you to buy now. Give it a while – like 24-48hours – and see if it is still as strong.
Chances are, the excitement will fade, and you’ll realise you didn’t need it after all.
Also, train yourself to separate wants from needs. Trust me, not everything that catches your eye is worth your money. Giving it time will help you see that.
6. Avoid Window Shopping
If you don’t want to buy something, don’t tempt yourself by even checking it out.
Window shopping often leads to impulse buying, especially because stores use attractive displays or tempting discounts.
If you need something at the store – physically or online – go straight there, buy it and leave.
Don’t bother staying longer than you need, checking out things you don’t need.
It’s easier to stick to your budget when you’re not constantly being reminded of what you could have.
7. Cut Out Subscriptions You Don’t Use
We all sign up for things and forget about them: streaming services, apps, magazines, gym memberships, you name it.
And the thing is, we are always reluctant to unsubscribe because we are afraid we will need it someday. But the truth is that if you haven’t used a subscription in over two months, you probably don’t need it.
Plus, you can always subscribe when you absolutely need it.
So, for now, go through your subscriptions and cancel the ones that no longer serve you.
It may not feel like a big deal, but trimming even $10/month can save you $120 in a year. That’s money you can put toward savings or investing.
8. Find Cheaper Alternatives
There’s always a less expensive way to enjoy life. You don’t have to pay for most of the things you pay for; you just haven’t looked hard enough.
Do you need a baby cot? Ask mothers with older children who may be willing to give out their baby items or, at most, sell them second-hand.
Want to get married? Rent a wedding gown. You probably won’t ever wear it again anyway.
Can’t afford the gym? Try home workouts.
Want to enjoy a Movie night? Stream a film at home with popcorn.
Love eating out? Recreate your favourite dish at home.
Trust me, life doesn’t have to be boring to be frugal. With a bit of creativity, you can find joy in simpler, budget-friendly options that won’t break the bank.
9. Budget for Everything
Understand that every single cent counts. The mistake many of us make is to budget only for the big things like groceries and bills, but you need to budget for everything, including the little things like snacks, gifting, and even that occasional treat.
When you account for small expenses, you’re more in control of your money and less likely to overspend.
Use budgeting apps or a simple notebook, but make sure every coin has a job. If it’s not planned for, it’s easy to waste it.
Also Read: How to Live Within Your Means
10. Leverage Carpooling
If you and your colleagues or neighbours go the same route daily, why not share rides instead of both of you burning fuel or paying for individual Uber rides?
Plus, the fewer cars on the road, the better our environment is – do it for the environment.
But seriously, do it for your pocket. Coming together to fuel one car saves you a few bucks that add up and can be used for something worthwhile.
Moreover, it’s also a great way to socialise and reduce the stress of commuting solo.
11. Use One Car as a Family
Families don’t always need two cars. If it’s not absolutely necessary, stick to one reliable vehicle.
Also, when buying a car, it is better to focus on practicality over flashiness. Choose a car that’s fuel-efficient, easy to maintain, and built to last, so you don’t have to spend more.
Plus, every extra car means more insurance, maintenance, fuel, and stress. It’s just wiser financially to simplify your transportation.
12. Walk More
Instead of driving or taking a ride for short trips, walk. It’s free, keeps you fit, and reduces transportation costs.
That quick stroll to the store or work (if it’s close enough) can save fuel money and reduce wear on your car.
Over time, these short walks make a noticeable difference both in your health and your wallet.
13. Buy Only What You Can Afford
I have a rule I think everybody can imbibe: if you can’t pay for it without borrowing or maxing out a card, don’t buy it.
Living within your means is essential to being stable financially.
I know you want luxury, but learn to be content with what you can afford now while working towards more.
Instant gratification will only make you regret in the future. It’s not wise to put yourself in debt because you want to enjoy something you can’t afford now.
14. Pay with Cash More Often
Swiping a card is convenient, but it also disconnects you from the weight of your purchase.
Instead of doing that, withdraw a weekly allowance for your day-to-day spending. When the cash runs out, you know you’ve reached your limit.
You should also do more of paying upfront and not getting loans for things, especially when they are not absolutely necessary.
For instance, save towards buying a phone instead of financing and having to pay interest on it. This will help you be more mindful of your expenses.
Also Read: Taking a Loan vs Paying Cash: Pros and Cons
15. Buy in Bulk
Buying in bulk usually means a lower cost per unit. I know you can’t buy everything in bulk, but make sure most of your non-perishables are bought in bulk; it saves you more money in the long run.
Plus, that way, you reduce the number of shopping trips, which reduces transportation costs and limits the temptation to buy unnecessary items.
However, make sure you’re buying things you use regularly, not items that’ll sit and expire.
16. Cook in Bulk
When you are tired and stressed, it’s easier to fall into the temptation to order food, which we are trying to avoid.
But by cooking in bulk, you will have ready meals in your freezer for lazy days. Plus, it saves cooking gas and, not to mention, the time you would have spent making more money.
So, rather than cooking every day, make stews, soups, or rice and pasta dishes in larger portions and store them.
You’ll save time, money, and energy, and still eat well without overspending.
17. Compare Prices
Before making any purchase, compare prices from at least two or three sources. Don’t be tempted to buy things from the first vendor or store you encounter; a little research can help you get the best deal.
Sometimes, the difference is just a few coins, but over time, those few coins turn into thousands.
So, make it a habit to compare prices; it always pays off.
18. Look for Deals
There’s no shame in hunting for discounts, coupons, or sales. In fact, it’s smart. Watch out for seasonal promos, clearance sales, and bundle deals before purchasing an item.
I mean, if you’re buying something you were already planning to get, why not get it at a lower price?
Just don’t fall into the trap of buying something only because it’s on sale, because that’s another temptation that saps your money.
Stay away from shopping apps and stores, and only look for deals when you need something.
19. Embrace DIY (Do It Yourself)
You’d be surprised how much you can do on your own with a little patience and YouTube. Don’t form a habit of first thinking about who to hire; consider what you can handle yourself to cut costs.
You may be able to fix minor home issues, create birthday gifts and do your makeup, but you won’t know this if you never try.
Instead of always paying someone else, try doing it yourself first. Watch YouTube videos for tips; there is practically nothing that isn’t there.
Not only will your wallet breathe easier, but you’ll also gain new skills and confidence. Plus, there’s something deeply satisfying about solving problems with your own hands.
20. Treat Yourself Occasionally
I know all these sound like you can never enjoy your money. But no, Frugal living doesn’t mean depriving yourself of all pleasure.
In fact, treating yourself occasionally is necessary to stay motivated to live frugally and to live a wholesome life.
The secret is to plan it; don’t do it impulsively.
Budget for little joys in your life. It could be once a month to reward yourself for a job well done or a certain amount in your overall budget dedicated to entertainment.
You can use it for a nice meal out, a movie, or a small item you’ve had your eye on.
Again, the point is to be intentional about it. That way, you can enjoy guilt-free indulgences without sabotaging your financial goals.
Also Read: Common Financial Mistakes to Avoid for a Wholesome Life
FAQs
1. How to be super thrifty?
Being super thrifty is all about maximising value for every cent you spend. Start by tracking your expenses so you know exactly where your money goes. Then, always plan your purchases; make a list, set a budget, and stick to it. Embrace second-hand items, look out for deals, and avoid lifestyle inflation. You should also get creative: cook at home, DIY when you can, and reuse instead of replacing. Most importantly, distinguish between wants and needs. Thriftiness is a mindset that once you adopt, you’ll see saving money as a fun challenge, not a punishment.
2. How to be frugal but not stingy?
Frugality is about being smart with your money, not hoarding it or depriving yourself and others. To avoid being stingy, focus on value, not just price. Still treat yourself and others; just do it thoughtfully. For instance, instead of buying expensive gifts, give something meaningful or useful within your budget. Don’t skip out on generosity; just be intentional about it. Frugality means living well below your means, while still enjoying life. Stinginess, on the other hand, is fear-based and often comes at the cost of relationships.
3. How to be frugal like a millionaire?
Millionaires often live frugally, not because they have to, but because they choose to. They value long-term wealth over short-term pleasure. To adopt this mindset, focus on buying quality over quantity, invest instead of spending on trends, and avoid debt like the plague. Automate your savings and track your spending religiously. Millionaires also understand opportunity cost; they know every cent spent on something unnecessary is a missed investment opportunity. Live below your means, be financially literate, and always think in terms of return on investment.
Leave a Reply