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There are a lot of ways to live frugally. Most people think that frugal means poor or cheap living but that’s not true. You can lead a great life by spending smartly. Here, I have discussed 25+ smart ways to live frugally on your budget and save more money.
1. Create a budget
Creating a budget is one of the most important part of frugal living. Create a budget that combines all the things you need to buy each month. Give priority to the things that are most important and leave out the things that are more than necessary. If you can perfectly manage your monthly expenses according to the budget then you can save a lot of money.
2. Meal planning
If you like eating out then reduce it and try to cook more at home, it will save you a lot of money. Not only that, home cooked food is much more nutritious and healthy than outdoor food.
3. Use coupons
Always use coupon or discount codes while shopping. This will help you save a lot of money every month. You should purchase your essential things during the period of discount offers like Christmas, Black Friday, etc.
4. Sell unnecessary things
If you have some unnecessary things in your house, you can sell them to local stores or online marketplaces. On the one hand it will clean up the dirty garbage of your house and on the other hand it will improve you financially.
5. Buy used items
You can save a lot of money if you buy used things instead of buying new things. You will find well-used items in many online markets as well as local stores that sell at much lower prices than new items.
6. Clean and use your old things
You may have a lot of old things in your house that you are going to throw away but you can clean and use them. Suppose, you need a pair of sandals for your bathroom, you may have an old pair of sandals that you can clean and use for the bathroom. Or if you have an old towel that is not suitable for use, you can use it for the bathroom.
7. Reduce the use of vehicles and make it a habit to walk on foot
If you prefer to drive a car regularly, make it a habit to walk. This will help you save a lot of money. Not only that, it will be very beneficial for your health.
8. Reduce insurance costs
There are many insurance companies that take a lot of money from you. You choose low-cost authorized companies for your insurance and you insure with them.
9. Use LED lights to save energy
LED bulbs have much lower power consumption and are much more durable than standard electric bulbs . So, you should convert all the bulbs in your house to LED lights.
10. Stop unnecessary subscriptions
In all the places where you have subscribed, leave the necessary ones and close the rest. This will save you a lot of dollars.
11. Pay the debt early
Debt is a major problem in your life. The sooner you can pay it off, the better for you. Otherwise the interest on this debt will end your life and cripple you financially.
12. Avoid taking credit card debt
Credit cards are very important for online transactions, but if you have a credit card debt, pay off your credit card debt early and you will lighten the load of debt.
13. Stay in a low rent home
If you are renting a house, stay away from luxurious houses and live a simple life. It will save you thousands of dollars and make you financially rich.
14. Use Money Making Apps
There are many app companies that you can use to earn extra money. Moreover, using these money making apps, you can do free shopping online. Find and use all the apps.
15. Buy many grocery items at once
When you go to the market to buy grocery items, you should buy a lot of items at once it will save you a lot and you can purchase the items at a lower rate.
16. Reduce electricity bill
There are many ways to reduce electricity bills. If you are using air conditioner, use cooling fan instead, it will save you a lot of electricity. Also, you can use a gas stove instead of an oven. Instead of washing machine, you clean the clothes by hand.
17. Cut down on coffee
If you prefer to have coffee at a regular coffee restaurant outside, reduce it. If you are a serious coffee lover, you can make coffee at home and eat it, it will save you a lot of money.
18. Exercise at home
If you go to the gym and exercise every day and you have a membership there, cancel it. Exercise regularly at home. It will save your time and also save you a lot of money.
19. Use Ibotta apps
When you buy a grocery item, you must buy through Ibotta apps because Ibotta will give you cashback. It will give you cashback on any shopping whether you buy online or from a local store or by phone. Use this app to save a lot of money at the end of the month. You can withdraw these funds through various gift cards or through PayPal. In order to receive the rewards on Ibotta apps, you have to scan and upload the grocery receipt into the app.
20. Use Dosh apps
Do you want to convert your debit or credit card as a reward card? Then download the Dosh app and connect your debit or credit card. With this Dosh apps, you will get cashback rewards on your debit and credit cards.
21. Use Trim to reduce internet, cable, and phone bills
With Trim you can reduce your internet bill, cable bill and phone bill much less. It can reduce your bill up to 60%.
22. Sign up on $5-Meal Plan
Sign up on $5-Meal Plan without wasting money eating out and get food directly to your home via Uber. This will save you money and the food will be much healthier.
23. Save 15% using Amazon Prime account
Any food and grocery items of your choice will reach your home at 15% off. With Amazon Prime, you can get a 15% discount on any grocery item and other food items at home.
24. Clean and decorate the house Yourself
You don’t need to bring in outsiders to clean your house. Watch videos on YouTube and you can clean & decorate your own house according to your choice.