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

How to save $10,000 in 12 months? ›

To reach $10,000 in one year, you'll need to save $833.33 each month. To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

How to save $1,000 in less than a month? ›

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 to be insanely frugal? ›

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

How to save $5,000 easy? ›

Here are eight ways to save $5,000 in a year with small, manageable steps.
  1. “Chunk” Your Savings. ...
  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? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

How can I save $1000 in 3 months? ›

If you wanted to save $1,000 in three months, for example, you'd need to save roughly $84 per week. That timeline can also provide you an opportunity to invest in a high-yielding time deposit account.

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.

How to save $1000 fast Dave Ramsey? ›

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

Is saving $500 a month good? ›

The short answer to what happens if you invest $500 a month is that you'll almost certainly build wealth over time. In fact, if you keep investing that $500 every month for 40 years, you could become a millionaire. More than a millionaire, in fact.

How to make life cheaper? ›

Instead of running an errand or two every day, batch them into one errand day, and plan your most efficient route, to save gas and time. Also do as much bill-paying online as possible, to eliminate some errands. Stay home. Becoming a homebody might not sound like a lot of fun, but it really can be.

Do rich people live frugally? ›

There's a common mindset that cheaper is always better, but the wealthy don't necessarily believe that. Instead of spending a minimal amount on a pair of jeans, shoes or even a home repair, they tend to focus on quality. Of course, they can afford to do so, which makes a huge difference.

What is the 100 envelope challenge? ›

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.

What is the envelope savings method? ›

The concept is simple: Take a few envelopes, write a specific expense category on each one — like groceries, rent or student loans — and then put the money you plan to spend on those things into the envelopes. Traditionally, people have used the envelope system on a monthly basis, using actual cash and envelopes.

How does the 100 envelope challenge work? ›

Okay, but what is this 100 Envelope Challenge? It's a simple, low-tech way to gamify your savings. You label 100 envelopes 1 to 100, and over 100 days (or more), whatever number is on the envelope you select, you stash that amount of cash in there. The math works out to $5,050 when you're done!

Is it possible to save 10k in one year? ›

If you're looking to boost your savings — and give yourself a challenge — saving $10,000 in a year is feasible with careful planning and dedication, even if you aren't a high-income earner.

How can I save $10,000 in one year? ›

The easiest way to do this is by setting monthly savings goals. To save $10,000 in a year, you'll need to save about $833 each month, or around $192 per week. You can look through your budget for ways to reallocate more of your money toward savings.

How much per month to save $10,000 in a year? ›

“To save $10,000 in a year, you need to save approximately $833 per month,” he said. “Having a monthly target makes the goal more manageable and trackable.” If a monthly goal still feels unmanageable, try breaking it down by week. If you want to save $10,000 in a year, you would have to set aside about $193 per week.

How quickly can I save 10k? ›

How long will it take to save?
Savings GoalIf You Saved $200/monthIf You Saved $400/month
$10,00050 months25 months
$20,000100 months50 months
$30,000150 months75 months
$40,000200 months100 months
7 more rows

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