At the end of the day, we desire a financial standing. But for those of us with limited income, it’s extremely difficult. So, what do we do? We begin saving a little. We skip buying a bit costly yet nutritious groceries, turn off the ACs and sweat, go walking or biking long distances, and buy cheaper bread. But the thing is, you are doing nothing but torturing yourself by making drastic changes, and on top of it you are not even saving significantly.
I say, change your approach. In fact, money-saving does not necessarily involve drastically changing lifestyles. However, you
If you don’t know where to start, here are some tips.
How to live frugally in 2021
50 simple frugal living tips that work
- Make shopping lists. Make sure you stick with them and do not go buying something that is not on the list.
- Look for cheaper brands for every product you use. (Collectively it will make difference)
- Is it cool outside? Great, open your windows, turn off your AC to save on electricity.
- Use coupons and schemes that help you save more.
- Pack your lunch, don’t eat out.
- Opt for homemade meals even on weekends.
- Draw yourself a budget and operate on that.
- Buy in bulk if you find money-saving deals.
- Look for second-hand products.
- Walk short distances, or cycle your way there. But do not take cars for short distances.
- Plant your own vegetable garden.
- Create a zero-waste week (Save the environment while saving money)
- Always check on Amazon before you go buy something at an offline store. In fact, you can get things at a very low price on Amazon.
- Do not buy bottled water. Take your own water bottle and fill it wherever you can. My go to is my Hydro flask – durable and also keeps the liquid nice and cold!
- Go for homemade cookies, jams, and bread.
- Set no-shopping months to control your expenses and shopping instincts.
- Do not do window shopping, even on shopping apps. If you have to pass your time, read some books instead.
- Borrow and wear. Have a party to attend this Saturday? Cool, instead of buying a new dress. Consider borrowing it from a friend. Another way to get new outfits each month is to use a service like Fashion Pass. In fact, they are my favorite for borrowing outfits and returning unlimited each month! Use my code AJ4W to also save on your order!
- Differentiate between what you want and what you need. Buying what you need, would help you save money.
- Invest in energy-efficient appliances to save your bills.
- Downsize and then shift to a smaller house that fits your family. (When you can save on rent, don’t think twice)
- Be self-reliant. Have a tap to fix? A bulb to change? Don’t hire help, learn these basic skills.
- Cut the cable, instead invest in subscriptions.
- Go for handmade gifts. They save money and express your feelings best. In fact, our favorite way to do birthday cards is have the girls make them for people.
- Look for free community classes. The local library usually has great resources!
- Opt for automated saving.
- Create an emergency reserve to practice risk management right at home.
- Invest your extra money in equity. We’ve done well with stocks and real estate! But it does take a little time to learn and perfect. But once you get it, it’s so helpful!
- Go side-hustling to make additional income.
- Sell your clutter for cash.
- Invite your friends for get-togethers instead of going out for lavish dinners.
- Cut your gym membership and then invest your energy in equally effective home workouts.
- Program your thermostats optimally. Our favorite ones to use and program are the Google Nest theromostats. We also use them in our own home as well as our short term rentals!
- Stop using your credit cards.
- Buy second-hand goods.
- Opt for line drying your clothes, it saves electricity.
- Make use of local libraries.
- Lend books instead of buying new ones, this helps you also cut down on the clutter in your home.
- Avoid wastage of resources to cut out on your electricity bills.
- Use online wallet services to get cashback, discounts, and offers.
- Family outings? Visit places that don’t cost a thing. For instance, a picnic near the lake, or even camping.
- Embrace minimalism.
- Consume leftovers if they are not stale.
- Always bargain.
- Get a free hobby.
- Go for e-newspapers
- Do thorough research before buying anything.
- Go for DIY tricks.
- Recycle and Reuse.
- Go for homemade remedies.
That’s all from my side. So I hope these tips help you to live frugally. Start today, and then save for a better future.
Hey there! How do you save money? Have some tips that you want to share? Then feel free to drop them in the comments below.
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