11 Frugal Habits to Save Money in Everyday Life

Frugality. The word itself can conjure images of clipping coupons with scissors, living on ramen noodles, and a joyless existence. But did you know that some of the smartest financial decisions fall under the umbrella of frugality? Instead of self-denial, being frugal can lead to a secure financial future and a life full of experiences that you value.

Being frugal isn’t about deprivation; it’s about intentionality. It means getting the most value out of what you already have and making conscious choices about what you spend your money on.  The good news? Being frugal can help you save money and have experiences that you truly value.

Here are 11 frugal habits that you can easily incorporate into everyday life without feeling cheap:

1. Plan Your Meals (and Conquer the Grocery Store)

Resist the urge for mid-week takeout and weekend impulse grocery shopping trips. Frugal friends make meal plans based on what’s on sale and what they already have in the pantry. This reduces food waste and keeps you from overspending at the store.

2. Embrace the Power of “Free”

Libraries are treasure troves of books, movies, audiobooks, and many other items. Some libraries even loan out fishing poles! Plus, many communities offer free fitness classes in parks, lectures, and museum days. Take advantage of these resources for entertainment and personal growth, all without breaking the bank.

3. The Second-Hand Revolution

New clothes, furniture, and electronics often come with hefty price tags. Thrift stores, consignment shops, and online marketplaces are overflowing with gently used items at a fraction of the cost. You might even find that perfect vintage piece to add some personality to your space!

4.  DIY Doctor

Before you toss something because it’s “broken,” see if a little TLC can revive it. A quick internet search can often provide simple repair tutorials for leaky faucets, ripped clothing, or software glitches. You’d be surprised what you can fix yourself, saving money and the frustration of replacing perfectly usable items.

5.  Master the Art of Upcycling

Got a jar of salsa collecting dust? Clean it and use it for storage! Is that old t-shirt destined for the trash? Cut it into cleaning cloths! Frugal folks are champions of upcycling, finding new uses for old items. This reduces waste and keeps your creative juices flowing.

6.  Embrace “Slow Living”

Frugal living often goes hand-in-hand with slowing down and appreciating the simple things.  Instead of expensive weekend getaways, explore your local parks or have a potluck with friends. Take up free hobbies like hiking, gardening, or reading. You might be surprised by how much joy these activities bring without a hefty price tag.

7.  Become Energy Savvy

Frugal people know that saving energy saves money on utility bills. Switch to LED lightbulbs, unplug electronics you’re not using, and take advantage of natural light whenever possible. Consider hanging clothes to dry instead of using the dryer and embrace the cozy comfort of a sweater in the winter instead of cranking up the heat.

8.  Cook at Home (Most of the Time)

Eating out is a major budget drain. While the occasional restaurant meal is a treat, frugal people prioritize home-cooked meals. Cooking allows you to control portion sizes, use healthy ingredients, and avoid the markup of restaurant prices. Plus, it’s a fun way to experiment with new flavors and cuisines.

9.  Shop Around (and Leverage Technology)

Before you make a purchase, do your research! Compare prices online and in stores. Take advantage of coupons, loyalty programs, and cashback rewards, like Scot Credit Union’s CashBacking Checking Account. You can even use browser extensions that automatically search for the best deals online.

10.  Prioritize Experiences (Over Things)

While a new gadget or trendy outfit might bring temporary satisfaction, frugal people understand that experiences create lasting memories. Invest in travel adventures, concerts under the stars, or weekend camping trips with loved ones. You can always put aside money into a vacation savings account, so you know just how much you can afford to spend on your trip. These experiences will bring you joy long after the fleeting thrill of a new purchase fades.

11. Track Your Spending (Without Obsession)

Knowledge is power. Frugal people track their spending to identify areas where they can cut back. There are many budgeting apps that can help you categorize your spending and identify areas for improvement. Once you set and track your budget, you’ll know just how much money you’re spending each month and how much you can afford to put away in a savings account. The key is to use this information to make informed choices, not to obsess over every penny.

Being frugal isn’t about being cheap; it’s about being intentional and getting the most value out of what you already have. By adopting some of these habits, you can save money, reduce your environmental impact, and live a more mindful and fulfilling life.

If you’re ready to steal some of these frugal living hacks, check out our free financial literacy tools. Explore our free financial education videos, blog posts, calculators, and other tools so you can make informed decisions that stretch your dollar further.