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 can I live frugal to save money? ›

So, we put together our 15 favorite frugal tips to live by that are also super simple and easy for anyone to use.
  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.
Jan 19, 2024

What are the 3 tips on how to frugal and to responsibly manage funds? ›

To start saving more now, try implementing these seven key frugal habits.
  1. Eat Out Less Often. ...
  2. Buy Used. ...
  3. Use a Purchase Waiting Period. ...
  4. Adjust Your Thermostat. ...
  5. Opt for Generic. ...
  6. Buy for Life. ...
  7. Use Your Local Library. ...
  8. Good Credit Brings More Savings.
Sep 15, 2022

How can I live very frugally? ›

12 Tips for Frugal Living
  1. Choose quality over quantity. ...
  2. Prioritize value over price. ...
  3. Use credit wisely. ...
  4. Declutter regularly. ...
  5. Use a budget to guide your spending. ...
  6. Know the difference between wants and needs. ...
  7. Be a savvy consumer. ...
  8. Prioritize your values.
Oct 17, 2023

What is the difference between cheap and frugal? ›

Frugal is Always value. Frugal is always being resourceful in order to save; prioritizing for having more of the things you really care about. Those that are cheap are afraid to spend in order to cash in on saving cash short term and will often suffer inferior quality.

What is the 70 money rule? ›

The 70% rule for retirement savings says that you can estimate your future retirement spending by multiplying your post-tax income by 70%. For example, if your income is currently $72,000 per year after taxes, your future annual retirement spending would be around $50,400, or $4,200 per month.

How can I save $500 in 30 days? ›

For something as short-term as this, it may be easier to set smaller, daily goals in order to make saving a part of your daily routine. In order to save $500 in 30 days, you would roughly need to save $17 per day, and this can be a combination of cutting back on spending and making extra money.

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 do I stop being a cheapskate? ›

ALLOW ME TO OFFER YOU 8 WAYS TO KILL YOUR INNER CHEAPSKATE LEARNED FROM MY OWN PERSONAL EXPERIENCE.
  1. Acknowledge Your Inner Cheapskate. ...
  2. Admit how spending makes you feel. ...
  3. Face Your Fears. ...
  4. Celebrate Good Spending. ...
  5. Set Non-financial Goals. ...
  6. Set a Saving Budget (and Don't Go Over It) ...
  7. Set a Spending Budget (and Don't Go Under It)
Oct 4, 2016

How to live without the need for money? ›

How to live off the grid with no money
  1. Do a work exchange. If you're new to the off-grid life, a great way to start is through Worldpackers. ...
  2. Join an off-grid community. ...
  3. Find low-cost or free land. ...
  4. Construct a cabin or tiny house. ...
  5. Grow your own food. ...
  6. Fish responsibly. ...
  7. Forage for edible plants. ...
  8. Collect and filter water.

How to survive cheap? ›

Cut down on eating out.

Restaurant food is usually more expensive than eating at home and can quickly add up. Making your own lunch and going out for meals less often will save you a lot. The same goes for coffee. Brew it yourself instead of going to a coffee shop or a vending machine.

What are the disadvantages of being frugal? ›

“Unfortunately, many people become spending-phobic in their quest to live a more frugal life, which can lead to anxiety around money,” she explained. “In the worst instances, people may become overly hesitant to spend money on even essential items, which can lead to a lower overall quality of life.”

Are frugal people happy? ›

causing unhappiness. Believe it or not, living frugally can actually make you happier than living lavishly. Living a frugal lifestyle isn't necessarily about pinching pennies and denying yourself things you want. It's about making your life easier and worrying less about money.

What makes a person so cheap? ›

Being cheap can be a personality trait, but it need not be a permanent one. It could be a habit developed because you grew up poor and wished for more money or possessions or it can stem from other insecurities. It's possible to change this behavior if you become more aware of it and are motivated to be less stingy.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How can I save $1000 fast? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How do I stop living paycheck to paycheck? ›

How to Stop Living Paycheck to Paycheck
  1. Get on a budget.
  2. Take care of your Four Walls first.
  3. Cut extra expenses.
  4. Start an emergency fund.
  5. Ditch debt.
  6. Increase your income.
  7. Live below your means.
  8. Save up for big purchases.
Oct 12, 2023

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