My Best Frugal Tips

Here you will find the best frugal tips that I use on a regular basis or think you should try. In no particular order:

  • Live close to work
  • Ride a bike whenever possible
  • Cook your own food
  • Buy second hand where possible
  • Men: Cut your own hair (Women too if you’re adventurous!)
  • Use the library
  • Cancel your cable/subscription TV service
  • Cancel your gym membership and exercise for free
  • Shop for the best insurance, phone plan, internet deal.
  • Turn off unused appliances and lights
  • Buy quality tools $10×8 is worse than $70×1
  • Eliminate debt
  • Make your own cleaning products using vinegar power!
  • When you can’t buy used, buy online
  • Install solar panels
  • Throw your clothes dryer on the rubbish heap
  • Keep warm with more clothes
  • Grow your own vegetables
  • Start a price book
  • Stop eating take away
  • Repair your clothes
  • Take your lunch to work
  • Drive a second hand car
  • Fix your own car
  • Sell unwanted and unused items
  • Wait 30 days before committing to big purchases
  • Shop around for a good bank or credit union
  • Negotiate a lower rate of interest on your debt
  • Consider consolidating your debt as you pay it off
  • Choose low fee investment vehicles like Vanguard Index Funds
  • Borrow and share items with your friends
  • Have a games night instead of going out
  • Backpack instead of staying in a resort
  • Watch less TV
  • Stop smoking
  • Take up a part time job
  • Have shorter showers
  • Save grey water to use outside
  • Eat more vegetarian food
  • Negotiate better pay at work
  • Use vouchers and shopping dockets
  • Drink less alcohol
  • Use resources at work to your advantage: refrigerator, free coffee, free canteen
  • Carpool if you have to drive
  • Stop using your credit card if you can’t control yourself
  • Set up a budget (I recommend YNAB)
  • If you are near the sea: Fish, dive, spear and trap dinner

 

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My Best Frugal Tips — 1 Comment

  1. Pingback: How to Retire in Ten Years, Regardless of Your Age | Eyes on the Dollar

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