In this post, I have shared 10 frugal living tips to help you save more money. There are many reasons why someone might decide to live their life frugally.
Early retirement, buy an expensive car, invest in a business, pay off debt, etc are some of the common reasons driving people to adopt a minimalist lifestyle.
Here are 10 frugal living tips to save money every day.
1) Use Ebates
Through Ebates you can shop at the nearest supermarket and get up to a 40 percent discount. It’s shocking how much cash you can save by being a little more informed about such deals. The supermarkets pay a commission to Ebates and Ebates gives you a discount.
2) Use Swagbucks
Always look for free gift cards and cashback offers. This is one of the best frugal living tips I can give you. Swagbucks gives you points for watching videos, surfing the web and filling out simple survey forms. You can use these points for shopping from your favorite online stores.
3) Use Coupons
With coupons, you can save more than $100 a month. They provide printable and digital coupons for almost all grocery items. You can save $0.5 to $5 on each product you buy using coupons.
4) Don’t eat out
Eating out may save time and effort but it is way too expensive for someone trying to save money. Calculate all the money you spend last month in restaurants and you will know what I am talking about. It’s best to prepare food at home and keep it in the some in the freezer for later consumption.
5) Brew coffee and tea at home.
You know you are serious about following these frugal living tips when you don’t mind making coffee at home. Cafes like Starbucks and Caribou sell expensive coffee to make up for the salary of their employees and rent of the space. It takes less than 10 minutes to prepare coffee or tea at home.
6) Generate side income
You can generate some side income by selling your old tech! Check out SellCell.com, the US’s largest price comparison site for selling your old mobile phone, tablets & tech. They compare all of the BuyBack sites so you don’t have to – and their Best Price Guarantee ensures that you will receive the maximum amount when selling your old phone.
7) Avoid debt
A stat by nbcnews confirms that one in five adult Americans are still carrying student loan debt. It’s not a great idea to get buried in debt in your early 20’s. But if you are in debt, do everything possible to pay it off.
8) Eat leftovers
Food, when prepared in bulk, can be preserved in a freezer. Leftovers can be cooked again and eaten without any problem. Make sure to heat it in a microwave before consuming it.
9) Wash your own car
Washing your car can a messy task. You can wash your car in a garage or empty space in front of your house. Get some good a cleaning kit and get to work. Buy an air compressor if you are looking for long term savings.
10) Buy clothes at the end of the season.
The final frugal living tip is to wait till the end of the season to buy clothes. Major clothing brands are desperate to sell off their old collection in December. This is the right time to buy some high-quality clothes for a quarter of their price.
Along with buying inexpensive products, it’s also important to get rid of unnecessary things that you already own. There are platforms like Craigslist and eBay where you can sell anything you want. Also, make a quarterly plan in a notebook and keep a list of all your expenses in it. Keeping a log will help you track your spending habits.