Frugal Living Money Saving Must Haves (2024)

Ways To Save Money

Everyone is looking for that secret sauce. The perfect way to save money. Things to stop buying, money saving must haves or the perfect frugal living tips. Which is great!

How To Save More Money

You may read an article and think that tip will only save me $20 a month. But when you look at the big picture that works out to $240 a year which could put a good dent in some debt.

How To Save $50 A Week

Another tip may save you $50 a week, that’s $2600 in a year. That could be a nice holiday or and extra payment on your mortgage.

Frugal Money Saving Tips

Frugal tips and money saving ideas may seem small but they add up. And they add up big if you put a bunch together.

Money Saving Ideas

Simple, easy everyday money saving ideas include bringing your lunch from home, shopping sales, couponing, meal planning, budgeting and paying with cash. You are not limited to just these money saving tips. Anything you do that saves you money is a great money saving idea.

Best Way To Save Money

The secret sauce is figuring out what works for you and the best ways for you to save money. For our family it’s meal planning, decreasing our dining out and cutting the excess overspending.

Overspending

We were seriously overspending. You add up our over spending on groceries, dining out and all the excess and we were spending way too much money.

Tips To Saving Money

By changing the way we grocery shopped, decreasing the dining out, learning to meal plan and honestly looking at our spending we saved over $1500 a month easy. Discover just how we saved money each month.

Related Money Saving Posts:

  • How To Cut Your Grocery Bill In Half
  • Money Saving Meal Prep
  • 21 Things We Stopped To Save Money

Money Saving Must Haves:

A Budget

If you are wanting, needing to save money you need to have a budget. Whether it be an app or a budgeting binder you need to know where all your money is.

A Meal Plan

How many times have you gotten home and you have no idea what’s for dinner? You have nothing defrosted or prepped so you order take out or make sandwiches.

There is nothing wrong with sandwiches in fact ham and swiss is my favorite. But there is something counterproductive with ordering takeout when you’re trying to save money.

Investing in a good meal plan and building your weekly meals on what you have in house is a great way to save money.

Related Meal Planning Posts:

  • Simple Meals To Make Life Easier
  • Best Instant Pot Recipes

An Oven Lunch Box

Call me crazy but I really love this thing and it saves our family so much money. You can checkout what I am talking about here some great oven lunch boxes.

My husband works on the road or on a construction site 90% of the time so he is no where near a kitchen. A warm lunch or dinner during a 12-14 hour shift is a blessing over sandwiches.

It is super simple to use and worth the value. No more cold uneaten sandwiches. Soups, warm leftovers, stews, pastas and even pizza are great the oven lunch box. In fact his whole crew owns one.

Frugal Laundry Alternatives

Doing laundry can be expensive. You can save money by washing in cold water and using cheaper or DIY detergent. Another great way to save money on laundry is by hanging your clothes to dry. 35 amazing laundry hacks that will save you time and money.

In the summer you can set up an outdoor clothes line and during the winter an interior clothes drying rack is great. They even work in apartments.

A Great Coffee Machine And Portable Mug

If you’re a coffee drinker or tea drinker agreat coffee maker or tea kettle is a must have.

Skip the morning drive thru and the $5 coffee and bring your brew from home in a great travel mug. It could save you $1200 a year.

A Freezer

I’m a firm believer that every home should have a freezer. Not just for freezing leftovers or ice cream. A freezer can save you hundreds of dollars in grocery costs. Learn what you can freeze to save money.

A Thermostat Lockbox

When was the last time you agreed with the rest of the house on the right room temperature. Some people move the dial up, others move it down. All that movement costs you money.

Investing in a thermostat lockbox and finding balance can save you money. Stocking an extra blanket or two can help too.

Water Savers

I don’t know about you, but we pay for our water usage and it can get expensive. Investing in water saving shower heads, faucets and other devices can help cut your utility costs.

Money Education

Money smarts can help you save money day in and day out. Get ahead of the game. Invest in you. Invest in your future.

Great Appliances

Every kitchen needs a good blender, food processor, pots and pans. You will be more inclined to cook at home if you have the right tools.

Invest in a good set of pots and pans and an Instant Pot is a money saving must have.

Money Saving Apps

If you are looking to save money right now on your shopping you need to get the money saving app Rakuten. We have saved over $400 with this app on everything we buy online.

You can link your Rakuten app to your Amazon account and save more on everyday. I use it to save on groceries, diapers, clothes, makeup, toys and so much more. Give Rakuten a try and get a $10 bonus gift for free.

Dave Ramsey Money Saving

Start saving more money with the best Dave Ramsey money saving hacks. Tips and tricks that Dave Ramsey wishes everyone knew and would put to use.

Related Frugal Money Saving Tips:

  • 75 Super Frugal Money Saving Tips
  • Stop Living Paycheck To Paycheck
  • Secret Must Haves Of A Frugal Home
  • The Best Dave Ramsey Money Saving Hacks

Updated July 8, 2021

Frugal Living Money Saving Must Haves (6)

Frugal living Money Saving Must Haves

Frugal Living Money Saving Must Haves (2024)

FAQs

How to live frugal and save money? ›

What are some tips for being frugal?
  1. Create a budget and stick to it. Being frugal begins with this tip. ...
  2. Shop around for the best deals. Buy what you need from the first store you see, but don't just go to the first one you see. ...
  3. Buy used instead of new. ...
  4. Make your own stuff. ...
  5. Repurpose and recycle. ...
  6. Be patient.
Aug 22, 2023

What is extremely frugal with money? ›

Living a frugal lifestyle means approaching your spending a little differently. And one of the most impactful shifts is to focus on the quality of your possessions rather than the quantity. Purchasing higher-quality clothing, furniture, appliances and so forth often means they will last longer.

How to live frugally on one income? ›

Living on a one-income budget
  1. Assess your financial situation. Start by understanding your current financial status. ...
  2. List fixed expenses. ...
  3. Track changing expenses. ...
  4. Differentiate needs vs. ...
  5. Set financial goals. ...
  6. Create an emergency savings fund. ...
  7. Allocate for savings. ...
  8. Start a debt repayment plan.

How to be frugal but not cheap? ›

15 Tips for Living Frugally Without Looking Cheap
  1. Eliminate monthly subscriptions.
  2. Shop for new insurance.
  3. Reduce prescription costs.
  4. Buy used items.
  5. Rent, don't own.
  6. Purchase at the right time.
  7. Buy high-quality products.
  8. Enlist your friends.

How to survive on $1,000 a month? ›

  1. Lower Your Housing Costs. Housing might be your biggest expense, and, if you want to make a $1,000 a month budget work, getting that cost down can help. ...
  2. Get Rid of Your Car. ...
  3. Eat at Home. ...
  4. Negotiate Your Bills. ...
  5. Learn to Barter and Trade. ...
  6. Get Rid of Debt. ...
  7. Adopt a No-Spend Attitude. ...
  8. Find Free or Low-Cost Ways to Have Fun.

How to be frugal like a millionaire? ›

8 Frugal Habits That Will Make You a Millionaire
  1. Live Below Your Means.
  2. Never Pay Full Price.
  3. Cut Out Unnecessary Expenses.
  4. Rent or Sell Your Current Possessions.
  5. Leave the Cash and Plastic at Home.
  6. Don't Waste Money on "Get Rich Quick" Schemes.
  7. Go Green.
  8. Get a Side Gig.
Feb 28, 2016

What is toxic frugality? ›

Frugality is the practice of being wise with money and avoiding wastefulness. It's a virtue that many people admire. It fosters responsible financial habits and can lead to a more sustainable life. But there's a darker side to frugality that can be detrimental to our quality of life. This is known as “toxic frugality.”

What is the mental disorder of frugality? ›

Fear of spending money or excessive frugality is sometimes known as Chrometophobia, a Specific Phobia related to money. Fears about spending money may also be involved in obsessive-compulsive disorder (OCD).

Why rich people frugal? ›

Wealth is generated by the DIFFERENCE between what you make and what you spend. Frugality gives you a surplus between what you spend and what you make. This surplus, if invested wisely, is what leads to wealth generation.

What is a realistic living budget for a single person? ›

A single person household spends an average of $4,337 on monthly expenses. Married couples without kids spend an average of $7,111 on monthly expenses. A family of four spends an average of $7,875–9,168 on monthly expenses (depending on kids' ages).

What is a comfortable income for a single person? ›

An individual needs $96,500, on average, to live comfortably in a major U.S. city. That figure is even higher for families, who need to earn an average combined income of about $235,000 to support two adults and two children.

What is the lowest income to live on? ›

States Requiring the Least Money to Earn a Living Wage

Rounding out the top five least expensive states to live are Oklahoma, Alabama, Kansas and Arkansas, all requiring less than $47,500 to earn a living wage.

How to be insanely frugal? ›

15 Frugal Living Tips
  1. Tip 1: Differentiate between Luxury Spending vs Necessary Expenses. ‍ ...
  2. Tip 2: Make Cuts in Your Spending. ...
  3. Tip 3: Cap Your Spending. ...
  4. Tip 4: Keep Receipts and Track Spending. ...
  5. Tip 5: Think Twice Before You Buy. ...
  6. Tip 6: Learn How to Bargain. ...
  7. Tip 7: Reuse and Recycle. ...
  8. Tip 8: Find Thrifted Furniture.
Jul 25, 2024

How to live off very little money? ›

Tips to help you live below your means
  1. Create a plan for your money. The act of assigning a job for every dollar can be empowering. ...
  2. Automate your savings. ...
  3. Pay yourself. ...
  4. Live off one income if possible. ...
  5. Look for ways to lower your discretionary expenses. ...
  6. Reflect on your financial habits. ...
  7. Drive used. ...
  8. Pay less interest.
Jul 10, 2024

What is a frugal millionaire? ›

People who turn a modest financial base into wealth often do so by living frugally, saving regularly, investing wisely, and avoiding debt.

What is the 70 money rule? ›

Living expenses should consume 70% of after-tax income, covering necessities and discretionary spending. Savings and debt repayment are prioritized at 20%, focusing on high-interest debts and building emergency funds.

What is the 30 rule for money? ›

The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. Learn more about the 50/30/20 budget rule and if it's right for you.

How to live as cheaply as possible? ›

I should note that I do most, but not all, of these tips.
  1. Go with one car. Many families have two or more cars. ...
  2. Go with a smaller house. ...
  3. Go with a smaller car. ...
  4. Rent rather than own. ...
  5. Look for used first. ...
  6. Eat out less. ...
  7. Eat out frugally. ...
  8. Brown bag it to work.

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