I was not born into a frugal family, and frugality has never come naturally to me. Over the years, I have developed more frugal habits, very slowly. But if you’re not naturally frugal, then frugality, spending less, being careful with your money, or whatever you’d like to call it, IS a habit that you can acquire.
Why is frugality so important? There are many who argue that you should keep your main focus on earning more money, because there’s only so much budget you can cut, but an unlimited amount of income you can create. True, but, the truth is, most of us waste an incredible amount of money, and focusing on becoming a little bit more frugal doesn’t just help us save $1, it helps us save an after tax dollar. Meaning, if your tax rate is 25%, when you save $1, you’re really saving $1.25.
Once you’ve adopted a frugal habit, it will stay with you for years. Get in the habit of cleaning your own house? That’s $150-$200 per month that you’ll pocket for years. You don’t have to keep hustling to make more dollars–once you’ve adopted the habit, you can keep at it ad infinitum.
In today’s post, I made a list of 50 specific ways you can develop frugal habits. Of course, you won’t be able to adopt all of these habits at once, but if you’re able to pick 3-4 and get really good at them over the next year, then you’ll carry those savings with you for life. And if you spend the next year picking up a few more habits, and then the next, well, you get the idea. In a decade, you’ll have adopted 40 frugal habits that will undoubtedly add up to hundreds or thousands of dollars of savings per year.
Each suggestion below has a link to a blogger or article that shares ways that individual has developed a new frugal habit. That way, you can get expert advice and hopefully avoid any pitfalls as you begin to flex your frugality muscles.
*If you are a blogger and have a great post on a specific frugal tip you’ve adopted, let me know in the comments and I’ll add it to this list!
So here we go! 50 ways to become more frugal, by category:
Goods and Services
And If You Wanna Go a Little Crazy with the Frugality…
There you have it! A plethora of frugal posts to help you adopt a few new frugal habits in the coming year.
What’s your favorite frugal habit? I’d love to hear in the comments!