The best frugal living tips for 2018

Here are the best frugal living tips to help you reign in your finances and start scaling back. With the new year just beginning many people (including myself) are looking for ways to scale back their expenses, reduce debt and ultimately save some extra cash or continue to pad their savings account.

Frugal living in this house is simple: we look for ways to live better by spending and consuming less. There really isn’t a one size fits all approach to frugal living folks and it is absolutely not all or nothing.


The best frugal living tips for 2018 #frugal #frugalliving #debtfree #simpleliving #frugality #frugallivingtips #moneysavingtips

The best frugal living tips for 2018

Be honest about your financial situation – before committing to living a more frugal lifestyle and getting your finances in order it’s vital to sit down and analyze what’s coming in and what’s going out. Before making any changes to your budget or spending it’s imperative to sit down and analyze exactly what you’re spending on, what you owe and how much you truly make from month to month. Honesty – is the cornerstone of making a significant change to your financial lifestyle folks.

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Identify your financial goals – whether you’re living more frugally to reduce your debt load, save for retirement or save for some other reason that is important to you and/or your family it’s vital that you have a financial goal in mind. Identify that goal and keep it in mind as you work towards incorporating frugal living into your lifestyle.

Create a realistic budgetrealistic is the key word here folks. It’s certainly easy to aspire to set aside 1500$ monthly in savings for example but without a realistic budget it’s impossible to maintain these lofty goals over the long term. There are a number of really great budgeting tools out there that can help you manage your spending, track your expenses and help you gain control over your budget (YNAB for example or Mvelopes if you’re more of an envelop system kinda person). It would be unrealistic for me to suggest the 50/20/30 split (50% Essentials, 20% savings, 30% personal) because unfortunately depending on each of our unique situations abiding by these numbers can be impossible. The moral of the story is come up with a budget that is a realistic reflection of your income and expenses and stick to it!


Scale back where you can – After having a very honest look at your expenses you should probably have a clear idea of where you are overspending. Whether you’re overspending on clothing, food or dining out try and find an area where you can scale back even a little. It’s not so much about completely overthrowing your current lifestyle but finding creative ways to spend a little less while maintaining your same quality of life.


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Cook your own food – Our biggest scale back came from cutting out restaurant meals. We spent so much (so much money!) on eating out and until we sat down and analyzed where our money was going we had really no idea exactly how much we were spending on eating out. It was actually quite (okay, very) alarming. If you’re eating out twice a week or more perhaps look at cooking more meals for yourself. Eating out costs a fortune and the money you save can help pad your savings account or pay down debt. If you enjoy eating out from time to time that’s great! But, if the you’re budget is suffering from eating out it might be time to scale back and make some changes.


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Buy used when possible – when it comes to buying clothes, household items and basically anything we need in our household we always look to buying used first. Not only is it a wonderful way to save a heap of money but it’s great for the environment too. Have a look at your local thrift shop next time you’re in the market to buy something. You’d be surprised how many wonderful treasures you can find with a little patience.

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Learn to stockpile – Saving money can sometimes mean you need to spend a little money up front. In the long run stockpiling principles will help you save money. I refuse to pay full price for household essentials like laundry detergent, toilet paper, paper products and cleaning supplies. I actively keep track of sales and make it a point to take advantage of the savings when our favorite products go on sale.

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Pick up a legitimate side-hustle- when money is tight there are always options to help you alleviate financial overwhelm. If you don’t already have a side hustle going you might be interested in starting a small side-job that will help increase your income. There are tons of viable and legitimate options out there and with a small amount of creativity you can find a stable way to supplement your income and relieve some financial stress.

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The best frugal living tips for 2018 #frugal #frugalliving #debtfree #simpleliving #frugality #frugallivingtips #moneysavingtips

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20 comments

  1. Just what I need to read. I have failed with the envelope system after several attempts so perhaps I can try the 50-20-30 rule. Thank you for sharing these tips.

  2. I’m a stay at home mom and being frugal is what I have to do because we live off of one income. No matter what we do to try to pinch pennies it just seems it’s never enough. Our local library is hosting a workshop on frugal living that I am anxious to go to as I am always looking for other ideas of what I could be doing to save money. I write a blog but am by no means experienced and haven’t even hit 40 followers. I’d love to take my passion for writing and turn it into something more but I am clueless on where to begin. Thank you for the little tid bit of information you shared on this.

    1. Thanks for reading! Frugal living really isn’t a one size fits all lifestyle. It’s more a question of making small changes to your own personal way of life.

  3. Fab advice. Cooking for ones self does cut the budget spending back a bit. Tried it out in the beginning of 2017 saw a difference. Caved the last three months of the year.
    -Honey

  4. Call me crazy, but I’m really enjoying the frugal living life style. It feels great to know I can make do with everything I have and to see my retirement savings grow. Love your posts!

  5. Another tip is to pick up hobbies that are relatively low cost. We enjoy reading, watching movies and shows from the library/Netflix, cross stitching, playing board and strategy games as a family, spending time at parks, etc.

  6. Having a realistic budget is SO important. My husband and I always “failed” at budgeting because we were not using a budget based around our actual life. Once we created our own budgeting system we paid off our debt and started saving. It’s the perfect first step to recommend to your readers. Thanks for the great post!

    1. It really is. We failed and failed and failed when we tried to stick to a budget years ago for the simple reason that we set far too lofty goals. Once a budget is realistic it’s far easier to stay on track!

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