The best way to learn is to learn from others with experience.
And this doesn’t change when it comes to saving money. In fact I would rather learn from someone who has lived a frugal life than from someone who just talks about it.
You can learn amazing lessons from those that have gone before you.
When we were turning our finances around I learned some great money saving ideas from other bloggers, writers and in fact other moms.
Some of these ideas have helped us pay off over $20,000 in debt and save up for vacations and a new home.
- Learn What We Stopped Doing To Save Money
- Stop Living Paycheck To Paycheck
- Secret Must Haves Of A Frugal Home
New to frugal living.
I want to say don’t knock it till you have tried it. Below I am going to list off 21 money saving lessons that will help you save money. But frugal living doesn’t stop there.
Frugal living is a way of life. A choice to live below your means so that you can have more. It’s about making smart choices with your money and your time.
For example it’s about booking an Airbnb room versus a hotel accommodation on your next holiday or business trip. It’s about choosing generic brands over name brands.
It is also about saving your extra money instead of spending it on a new dress or a day at the spa.
Frugal living is about all the little things adding up to be something huge. You can read about the 21 things we gave up to save over $1000 a month.
These items were not crazy expensive items they were all a bunch of little things that add up.
21 Money Saving Lessons From Frugal People:
1. Figure out where all your hard earned money is going. Collect a weeks worth of receipts (a months would be better) and calculate where all your funds are going. Then assess if you really need or want what you are buying.
2. Set up a budget. I know people run and hide when others say budget but they really do work and help you save money. Read this book if you are wanting more proof that budgeting can make you rich.
3. Stop trying to keep up. The Joneses are broke. Your neighbors that are going on constant holidays and have all the toys you drool over. Have you ever wondered how they afford it all? Or are they all on payments?
4. Learn the value of vintage. You can save a ton of money buying second hand goods. And I am not just talking clothing. Used vehicles, tools, home decor and more.
5. Is your coffee habit killing your budget? Skip the drive thru and bring your coffee from home in a reusable stainless steel coffee mug.
6. Get organized. When you know where things are you save both time and money. Knowing what bills are due when saves you late fees. When you know what is in the freezer you save time and money.
7. Purchase appliances that will save you time and money. Life is busy, don’t make it more complicated. Invest in an Instant Pot or slow cooker to assist you at meal time.
8. Simple but effective. Turn off and unplug electrical items you are not using. Turn off the lights when you leave a room.
9. Do not fear the “what’s for dinner” question. Invest in a meal plan that makes you want to cook. Home cooking is so much better than take out.
10. Turn it down. Wash your clothing in cold water. Turn down the thermostat and grab a blanket.
11. Find a happy balance and invest in a thermostat lock box.
12. Plan a no spend day or weekend. Work all your daily activities around spending little or no money. Free entertainment, family fun nights and home cooking.
13. DIY it all. Learn to do it yourself. Make your own gifts. Do your own repairs.
14. Swap up and save. Swap babysitting with a friend. Borrow tools from your neighbor instead of buying.
15. Grow your own food. Even if it just salad greens, herbs and tomatoes.
16. Down size. Do you really need all the stuff you have? What about your home, could down sizing save you money?
17. Stop buying bottles water purchase a reusable stainless steel water bottle and refill it as you go. Most bottles of water run approximately $2.75 with it only costing the provider maybe $0.25 to produce.
18. Learn to be happy with what you have. Stop chasing the grass on the other side of the fence.
19. Celebrate your small wins, paying down debt is a long journey that needs encouragement.
20. Enjoy a cheap or free date night at home instead of breaking the bank with dinner, dessert and a movie or concert tickets.
21. Learn from the others that have gone before you. What great ways did your grandparents have to save money?
More than a million ways to save money.
Everyone’s situation is different. What you are willing to cut from your budget maybe different than what I may be willing to cut out. Living frugally is a choice and a journey.
You need to try and see what works. Try one or more of the lessons or tips above and see how much you save. Add in cutting back on a few of your own choices and see how much more you save.
It is all about making smart choices with your money.
Have a great day,