Do you want to save tons of money? Yes? You’re at the right place. Here, you will learn about some impactful frugal living tips that’ll help you save tons of money.
Many of us think that frugal living means living cheaply. However, it’s a misconception. Frugal living is something that adds value to your life. If you want to save tons of money for your future, then you should live frugally.
So, let’s see what does frugal living means and which are the best frugal living tips.
What Does Frugal living Means?
Frugal living means living a life without unnecessary spending. Basically, the thing is you shouldn’t spend your money on something that doesn’t require.
For example, if you don’t cook in your house, then you don’t have to buy utensils. If you do so, then it’s unnecessary spending. When you stop spending money on unnecessary things that is what is called frugal living.
The best thing about frugal living is it’ll help you to save tons of money. Moreover, it’ll help you to achieve something big in the future. For that reason, everyone should accept frugal living.
Lastly, frugal living doesn’t mean you have to sacrifice your favorite things. All you have to do is stop spending on things that don’t matter to your life.
What Are The Benefits of Frugal Living?
As we discussed earlier, frugal living helps us to save tons of money that we can use in the future. Moreover, frugal living adds value to our lives in many ways.
When you stop spending money on something that doesn’t matter to you, you can use that money towards things that matter to you. Moreover, frugal living helps you to achieve your financial goals quickly.
So, let’s see which are the best frugal living tips to save tons of money.
20 Impactful Frugal Living Tips
Here are some impactful frugal living tips that’ll help you to save tons of money.
When it comes to saving money, budgeting is very important. No matter what you do, you have to prepare a budget for that. If you can stick within your budget, you’ll be able to get financial success quickly.
If you’re planning a trip with your friends, then you need to make sure that you’re saving money for it. That way, you’ll be able to sponsor your trip perfectly.
However, when it comes to creating a budget, it’s not as easy as it sounds. To create a budget, there are many budget apps available that’ll help you create a budget professionally.
Here are some budget apps to try on:
Related Article: 10 Best Budget Apps For Everyone
2. Meal Planning
The meal is one of the important things in our daily life. We spend a good amount of money on meals. After all, we have to stay healthy. There is a saying, “health is wealth.”
If you’re a person who orders his or her meal every day, then you should skip it right away. Because that’ll cost too much money. Instead of doing this, you should cook in your home. If you do this, then you can easily save $10 to $20 per day.
3. Cook In Bulk
If you’re not a person who loves to cook very often, you need to cook in bulk. By doing this, you’ll be able to save tons of time. Also, you don’t have to cook every day.
If you’re a busy person, then you shouldn’t waste your time cooking. Instead of that, you should cook in bulk so that you can save some portion of food in the freezer. After that, you can use this food for several days. All you have to do is take out from the refrigerator and heat them.
4. Use Coupons on Groceries
By using coupons on groceries, you’ll be able to save tons of money. As you may know, groceries are very expensive even if you buy them in bulk. For that reason, you should look for coupons before going grocery shopping.
Nowadays, there are a few legitimate coupon websites available that’ll help you to find coupons. Here are a few coupon websites to try on:
Related Article: 28 Best Coupon Websites To Save Money on Shopping (Up To 70%)
5. Buy Used Items
If you’re on a budget, then you should buy used items. You don’t need to buy brand-new items if you’re getting used items of good quality.
For example, if you need a smartphone, then you can opt for a used one. Nowadays, there are many people available out there who use their smartphones for a short period of time. When they come across a new version, they sold an older one. As you may know, used item’s prices are lower than new ones.
6. Sell Things That You Don’t Need
There might be lots of things lying around your house that you no longer use. In that case, you need to take a little bit of effort to sell them. By doing this, you’ll be able to make space in your house and make extra money as well.
Nowadays, there are lots of places available where you can sell used items. All you have to do is choose the best places that are convenient for you.
Here are a few places to sell used items:
- 18 Best Places To Sell Used DVDs & CDs Online & Locally
- 23 Best Websites To Sell Clothes Online Easily
- 28 Best Places To Sell Shoes Online & Locally For Money (Including Wedding Shoes)
- 15 Best Places To Sell Your Wedding Dress Online
- 20 Best Places To Sell Used Electronics Online & Locally
7. Return Unnecessary Things
While shopping, we buy things that we don’t actually need. For that reason, you need to look at your recent shopping list whether you bought something that you don’t need.
In that case, you need to make a trip to the stores and return them. Even you can do that with your grocery shopping.
8. Buy an Affordable Car
Who doesn’t want to own a car? However, buying a car is a big purchase. It’s one of the costliest things you’ll make in your life.
For that reason, you need to go for an affordable car within your budget. If you want to buy a costly car, then you may need to take a loan for that. It’ll become a burden in your life. So, make sure to buy an affordable car without going for a costly one.
9. Buy a Cycle or Bike Instead of Car
If you’re a single person, then you should opt for a cycle or bike. A car will cost you too much money that can make a hole in your budget. On the other hand, a cycle or bike is cheap compare to a car. So, buy a cycle or bike instead of a car.
10. Walk When You Can
While having a car, walking is unnecessary. However, you can save tons of money by walking when you can.
For instance, if you’re going nearby market, then you don’t have to use your car. In that case, you’ll save on gas.
11. Use LED Light Bulbs
There are many benefits of using LED light bulbs, such as increased energy efficiency, lower electric bills, a longer bulb life, and a safer light source overall. If you want to reduce your electricity bills, then you should switch to LED light bulbs right away.
12. Use Netflix & Amazon Prime Video For Free
Netflix and Amazon Prime Video are some of the largest streaming platforms on the internet. There are thousands of movies and TV shows hosted on these two platforms. For that reason, people tend to buy these two platform’s subscriptions.
If you’re one among them, then you should use them for free. There are a few legitimate ways available to watch them for free. All you have to do is choose the best way that is convenient for you.
- How To Get Netflix For Free: 3 Legitimate Ways (Watch Netflix For Free)
- How To Get Free Amazon Prime: 7 Best Ways
13. Check Out Your Local Library
A library is stuffed with lots of books. If you love to read different kinds of books, then you should sign up to your local library. Moreover, a lot of libraries have extensive collections of movies, magazines, and audiobooks. You’ll get access to all of these entertainments for free.
14. Never Indulge In Debt
Debt is something that is enough to destroy your life. If you search on the internet, you’ll find lots of people’s life has been destroyed because of debt. For that reason, you shouldn’t indulge in debt. If you have any debt due, then you should pay your debt and take an oath that you’ll never go back to that path.
15. Avoid Credit Card Debt
If you use a credit card, then you should pay your credit card bill in full every month. As you may know, credit card interest is expensive. It can put you in debt. If you can’t pay your credit card bill in full every month, you should avoid using it.
16. Live In an Affordable Apartment
If you’re a single person or have a small family, then you shouldn’t live in a large apartment. As you may know, a large apartment means large rent. Also, you have to pay more money for maintenance. For that reason, you need to live in an affordable apartment.
17. Use Free Internet
Internet is a very important thing in the modern era. There are a few legitimate ways available to use free internet. All you have to do is choose the best ways that are convenient for you.
However, you can’t expect to use the free internet for everything. If you want to make phone calls and check your emails, then you should opt for free internet.
Related Article: How To Get Free Internet (At Home & In Public)
18. Ditch Cable
If you don’t watch your television very often, then you shouldn’t have any cable package. A cable package can sot you up to $100 per month. If you decide not to use it, then you can save a significant amount of money. Instead of using a cable, you should opt for other streaming services.
19. Buy in Bulk
Whatever you purchase, you need to buy in bulk. Why? Because when you buy in bulk, you get a discount for that. For that reason, you need to buy essential things like toilet paper, soap, towels in bulk so that you get a discount.
20. Grow Vegetables
Have you ever thought about growing vegetables in your house? No? Nowadays, there are lots of unique ideas popping up to grow vegetables indoors.
Also, if you have a house that has a yard, then you can grow your own vegetables there. By doing this, you can save lots of money on grocery shopping. For that reason, it’s one of the best frugal living tips that you should apply.
21. Workout At Home
If you’re conscious about your fitness, then you need to work out at home instead of at a gym. A gym membership can cost up to $100 per month. While on a budget, you shouldn’t spend this amount of money on a gym membership.
You’ll find tons of home workout videos on Youtube. Just watch those videos and save tons of money by exercising at home.
22. Make Gifts
Christmas is one of the most expensive holidays. On this day, we have to give gifts to our family members and friends. For that reason, it becomes challenging for those who are on a budget.
Instead of buying gifts, try to make gifts on your own. By doing this, you’ll be able to save a ton of money. For gift ideas, check out Youtube or Pinterest. You’ll find tons of ideas to pursue.
Nowadays, companies offer freebies to promote their products. You can get freebies like books, t-shirts, food, etc. By getting these freebies, you’ll be able to save tons of money.
Here are a few places to find free stuff online:
- 23 Best Companies That Give Away Free T-Shirts
- 12 Best Ways To Get Free Clothes
- How To Get A Free Car When You Can’t Afford One: 15 Best Ways
- 4 Legal Ways To Get Free Milk Crates Near You or Cheap
24. Shop Through Rakuten
Whenever you have to shop online, you need to do that through Rakuten. Rakuten is one of the best cashback apps that’ll reward you with cash back when you make a purchase. It was formerly known as Ebates. You can get up to 10% cashback.
There are a few more cashback apps available to try. Here are a few of them:
25. Use Less Electricity
If you don’t want your electricity bills to rise, then you should use less electricity. There are lots of things that you can do to save electricity. Here are a few things that you need to do:
- Wear sweaters instead of using the heater
- Don’t use a dryer when you don’t need to
- Switch off lights where you don’t need
Some Part-Time Jobs To Accelerate Your Financial Goals
Rather than relying on saving money, you need to look for ways to make extra money. Nowadays, there are lots of part-time jobs available that’ll help you to make extra money from your home. All you have to do is choose the best jobs that are convenient for you.
1. Survey Jobs
Taking paid online surveys can be a great way to make extra money. As a survey taker, all you have to do is give your honest opinions on products and services. A survey takes anywhere between 5 minutes to 30 minutes to complete.
Here are a few places to take paid online surveys:
Related Article: 13 Best Highest Paying Survey Sites To Make Money Quickly
2. Watch Ads
If you want to make some extra money by watching short videos or ads, then there are a few ways available. All you have to do is choose the best ways that are convenient for you.
Here are a few ways to get paid to watch ads:
Related Article: 17 Best Ways To Get Paid To Watch Ads
3. Read Books
If you’re a book lover, then you can make a serious amount of money by doing so. There are a few legitimate ways available that’ll allow you to make money for reading books.
Here are a few ways to get paid to read books:
Related Article: 16 Legit Sites To Get Paid To Read Books (Cash & Free Books)
Living frugally doesn’t mean you’re sacrificing your favorite things. You should consider it as achieving your financial goal.
You don’t have to try all of these frugal living tips at once. All you have to do is choose the best frugal living tips that are convenient for you.
Hopefully, this article helped you to know about impactful frugal living tips. If you found it helpful, then share it with your friends.