More Frugal: 12 Easy Ways to Save Money (2024)

More Frugal: 12 Easy Ways to Save Money (1)

How to be more frugal without really trying

Are you constantly trying to save more and spend less?

If so, you’re not alone. Saving more and spending less is always one of the top battles we face every day.

One of the best ways to save money is to adopt a frugal lifestyle. Frugal does not have to equal boring. You just have to be get a little more creative with your thinking. Thankfully, I’ve made that a little easier for you!Below, are 12 almost effortless ways that you can be more frugal today!

Suggest cheaper alternatives

If a friend invites you to a movie, suggest watching one at home. If a relative wants to spend the day at an amusem*nt park with the kids, suggest a free or low cost museum. If a co-worker thinks a trip to the book store would be fun, suggest the library.

Cheaper entertainment alternatives can still be fun!

Switch to homemade coffee

Did you know, you only need to spend $27.40 a day to blow $10,000 in a year?

There are many great coffee beans on the market (Kicking Horse, Melitta, even Starbucks and Tim Hortons sell their coffee in grocery stores) that taste just as good, if not better, than the kind you will pay 10x the price for at your local coffee shop.

Many small local coffee shops sell more locally roasted coffee beans that you can take home to brew yourself.

There are also so many fancy coffee creamers and flavorings available at grocery stores, soon you’ll be enjoying your homemade cup even more than store bought!

More Frugal: 12 Easy Ways to Save Money (2)

Flip and rotate your mattresses

A mattress can be a big investment. Take care of your investment by flipping and rotating it every three months to extend its life span. This is a great way to be more frugal.

Keep in mind that foam mattresses, like our Endy mattress can only be rotated. Most of the new foam mattresses can’t be flipped. But rotating it will still keep it in tip top shape!

Stockpile groceries

I’m a big fan of stockpiling. I believe that in addition to using coupons, stockpiling is one of the best ways that you can save money on your grocery bill each month.

Set aside a bit of money each month for stocking up on great deals that you know you will use. When those sales come around, pick up as many as you need and can afford, and add them to your stockpile so you can make it until the next great sale.

Use Less

It really can be as easy as simply using less. Use less hand soap, less laundry detergent, less dish soap and even using half a dryer sheet. You probably won’t notice a difference in how products like these perform!

Invest in energy efficient products

There are some things you should spend your money on, such as energy efficient products.

If you’re in the market for a new dishwasher, refrigerator, washer and/or dryer or chest freezer – take a look at the energy efficient models available. They may cost a bit more, but considering all the money they will be saving you in the future, they are well worth the investment.

Don’t forget about smaller energy efficient products, such as LED light bulbs. These do cost more than traditional incandescent light bulbs, but they last much longer.

Free download: The Ultimate Money Saving Guide.

Shop the Sales

Perhaps a no brainer, but there’s really no need to pay full price for most things. Sales always come along on groceries, electronics, cars, clothing, furniture and more. If you are planning a purchase anyways, make sure to purchase when it’s on sale. There’s no easier way to be more frugal!

Don’t use the Dryer

If you can, don’t use your dryer to dry clothes. Use a clothes line or drying rack instead. Not only will this save money on your utilities bill, but it will keep your clothes looking and feeling newer, longer!

Cook in Bulk

I love doing this! If I’m already cooking something that freezes well, I’ll make a big batch so I can freeze half or more. This not only creates an easy meal for a busy night, it helps me avoid the temptation of expensive take out. I like to do this with taco meat, spaghetti sauce, meatballs, shepherd’s pie, Chicken Pesto Pasta Shells and chili.

Cut off the ends of ‘Empty’ Tubes

When you think your hand cream is empty or your makeup is definitely gone, cut off the ends of the tubes or plastic bottles. You will be amazed to see how much is actually left!

Sign up for Rewards Programs

No matter where you live, most retailers offer some kind of rewards program. Some offer points that you can redeem for free products, some offer discounts and some offer cash-back. This can save you big bucks without really trying!

In Canada, my personal favourite rewards programs are:

Buy used

One way to save a ton of money this year, is to buy used for everything you possibly can. Do you need new clothes for your kids? Check out thrift stores in your area. Need a new couch? Facebook marketplace is great for that!

Being frugal does not mean you live a life of deprivation. You are simply being smart about the resources that you have and learning to love the simple pleasures in life.

What is one thing you are going to start doing today to be more frugal? Or what are some things you already do without thinking, that are frugal?

More Frugal: 12 Easy Ways to Save Money (2024)

FAQs

What is the 50 15 5 easy trick for saving and spending? ›

50 - Consider allocating no more than 50 percent of take-home pay to essential expenses. 15 - Try to save 15 percent of pretax income (including employer contributions) for retirement. 5 - Save for the unexpected by keeping 5 percent of take-home pay in short-term savings for unplanned expenses.

How to save $1,000 easy? ›

Dave Ramsey's 9 Ways To Save Your First $1,000 Fast
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool. ...
  8. Pick Up a Side Hustle.
Dec 28, 2023

What are 5 ways you can be more frugal in your own life? ›

So, we put together our 15 favorite frugal tips to live by that are also super simple and easy for anyone to use.
  • Tip 1: Differentiate between Luxury Spending vs Necessary Expenses. ...
  • Tip 2: Make Cuts in Your Spending. ...
  • Tip 3: Cap Your Spending. ...
  • Tip 4: Keep Receipts and Track Spending. ...
  • Tip 5: Think Twice Before You Buy.
Jan 19, 2024

How can I be frugal and save money? ›

Ten Frugal Habits to Save Money
  1. Track Spending.
  2. Automate Your Savings.
  3. Save Loose Change.
  4. Compare Prices & Comparison Shop.
  5. Avoid Spending Triggers.
  6. Shop Second Hand.
  7. Save Windfall Income & Use a Spending Rule of Thumb.
  8. Institute a Waiting Period.

What is the 5 dollar trick? ›

All it requires is that you save every $5 bill you get as change. If you're paying for something at the register with cash and the cashier hands you a $5 bill, put it directly into your savings account and pretend it's not even there. Five dollars can add up quickly.

How can I save $5000 with the 52 week money challenge? ›

Here are a few more ways to save $5,000 by the end of 2023:
  1. Save $96.16 every week.
  2. Save $192.31 every two weeks.
  3. Save $416.67 every month.
  4. Save $1,250 every quarter.
  5. Save $2,500 every six months.
Jan 5, 2023

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save $5,000 ASAP? ›

Ways To Save $5,000 in a Year
  1. “Chunk” Your Savings. The first step to saving $5,000 in a year is to break down your savings goal into manageable portions. ...
  2. Automate Your Savings. ...
  3. Save in a High-Yield Saving Account. ...
  4. Track Your Cash Flow. ...
  5. Boost Your Earnings. ...
  6. Declutter for Cash. ...
  7. Evaluate Your Subscriptions. ...
  8. Challenge Yourself.
Feb 5, 2024

How to save $5000 in 100 days? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

How to be super thrifty and frugal? ›

50 frugal money-saving tips
  1. Plan meals. Meal planning is essential if you want to spend less money on your food shop. ...
  2. Choose cheaper recipes. ...
  3. Make a shopping list. ...
  4. Don't shop when you're hungry. ...
  5. Visit cheaper supermarkets. ...
  6. Buy supermarket own-label products. ...
  7. Eat less meat. ...
  8. Buy in bulk – but only if you'll use it.

How to survive with little money? ›

How to live below your means
  1. Understand your current financial habits. Not sure how to start spending less? ...
  2. Create an effective budget and stick to it. ...
  3. Look for ways to reduce spending. ...
  4. Set financial goals for future success. ...
  5. Save for emergencies or major purchases. ...
  6. Pay down debt. ...
  7. Stay aware of lifestyle creep.

How do I stop being cheap? ›

How can I be frugal without being cheap?
  1. Focus on the big picture. Don't worry about the little things. ...
  2. Don't be afraid to splurge on things you love. It's okay to spend money on something you really want if it's something you really want. ...
  3. Find ways to save money that are fun.
Aug 22, 2023

How can I save money smartly? ›

How to Save Money: 23 Tips
  1. Make a budget.
  2. Say goodbye to debt.
  3. Set a savings goal.
  4. Save money automatically.
  5. Buy generic.
  6. Meal plan.
  7. Cancel some subscriptions and memberships.
  8. Adjust your tax withholdings.
Apr 5, 2024

How can I budget money fast? ›

8 ways to save money quickly
  1. Change bank accounts. ...
  2. Be strategic with your eating habits. ...
  3. Change up your insurance. ...
  4. Ask for a raise—or start job hunting. ...
  5. Consider a side hustle. ...
  6. Take advantage of a credit card that offers rewards. ...
  7. Switch up your transportation habits. ...
  8. Cancel subscriptions you don't really need or use.

What is the 15 saving rule? ›

The 50/15/5 rule for spending and saving provides guidelines that could make budgeting a little easier. It allocates 50% of your income to essential expenses, 15% to retirement and 5% to short-term savings.

What is the 50 25 25 rule in saving? ›

The 50/25/25 saving rule is an incredibly useful guideline to help manage your finances and ensure that you're putting away enough money each month. This rule suggests that you allocate half of your income to essential expenses, a quarter to discretionary spending, and another quarter to savings.

What is the 50 30 20 savings method? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

What is the 1 5 rule for money? ›

According to the rule, 50% of your take-home pay should be allocated to essential expenses (housing, food, health care, transportation, child care, debt repayment), 15% of pretax income (including employer contributions) gets invested for retirement and 5% of take-home pay is used for short-term savings (like an ...

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