10 Ways To Be More Frugal And Save $10k In One Year

Are you looking for a practical way to live more frugally? Do you want to change your spending habits, but don’t want to live a miserly life?

If you’re struggling to get to grips with the household finances, then this quick guide is for you.

Since with just a few lifestyle changes you could save over $10,000 in a single year.

So here are 10 brilliantly pragmatic ways to reduce your daily expenses, and live a more frugal life…

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10 Ways To Be More Frugal And Save $10k In One Year

ways to be more frugal

1. Dry Your Clothes On A Line
Save up to $193 per year

A tumble dryer can be a real time saver, but it’s also a big energy hog.

So rather than tumble dry your clothes, hang them out on the line in your garden.

If you don’t have access to a garden, use an indoor drying rack.

2. Make Your Own Laundry Detergent
Save up to $600 per year

It’s time to cross expensive laundry washing powders off your shopping list.

Rather, make your own low-cost homespun alternative in place of those store-bought liquid detergents.

Try out Wellness Mama’s 3-ingredient DIY Natural Laundry Soap.

ways to be more frugal

3. Ditch Cable TV
Save over $1200 per year

The average cable TV subscriber spends around $100 a month for their service.

Compare that with streaming services – such as Netflix and Hulu – that charge less than $11 a month.

So if you want to cut costs, then cut that cable. But if you’re like 83% of Americans, your cable TV service probably comes as a bundled deal with your Internet connection.

If that’s the case, find an Internet Service Provider that won’t shove a TV subscription into the contract.

There are over 2500 Internet service providers in the US. So flex your consumer power muscles, and shop around for a better deal.

4. Make Your Own Coffee
Save up to $1,000 per year

A simple flat white coffee can drain your purse of $3.50 a day.

And if your coffee house visit is a Monday to Friday habit, that adds up to over $900 per year.

Do you like to order a specialty coffee? Those hot drinks can set you back a burning $5.50 a cup. That adds up to a whopping $1,430 per year!

A better option? Simply brew your coffee at home, pour it into a thermos, and take it to work with you.

ways to be more frugal

5. Install a Smart Thermostat
Save up to $170 per year

A smart thermostat is a device that lets you control the heating in your home using your smart phone.

Best of all, you can automate your smart thermostats heating controls.

So gone are the days of fiddling with the thermostat knob as you try to find the right temperature.

6. Get Free Furniture From Craigslist
Save over $500 per year

The average US consumer spends over $450 a year on new furniture.

In the meantime, people are literally giving away good-condition furniture on Craigslist.

Search through ‘free stuff’ listings in your local area and you’ll find 100’s of these kinds of posts;

ways to be more frugal

From crockery to home brew kits, you’re bound to find something worth picking up.

Even if you aren’t in the market for anything new, you could decide to find and ‘flip’ free items instead.

Craigslist ‘flipping’ is such a simple yet lucrative concept. Here’s how it works in a nutshell:

  • Find a free item on Craigslist.
  • Cross-check to see how much people are willing to pay for it on Ebay, Amazon, etc.
  • Pick up the free item.
  • Sell it on (flip it) on Ebay, Amazon, Facebook Marketplace, or even on Craigslist!
7. Coupon Clipping (Without The Clipping Bit)
Save over $500 per year

With the Coupons.com app you can get money-off purchases in stores such as Costco, Walmart, Dollar General and more.

ways to be more frugal

8. Cut The Gym (And Exercise At Home)
Save up to $1200 per year

Around 57% of Americans spend anywhere from $21 to $100 a month for their gym membership.

But there’s no need to spend these wallet gouging prices when you can workout at home.

Cancel your gym membership, save money – and still stay healthy – with celebrity fitness coach, Joe Wicks.

The self-styled Body Coach has a wide range of beginner to advanced free workout videos on his Youtube Channel.

9. Bring A Packed Lunch To Work
Save up to $1000 per year

On average Americans spend $3 to $4 a day buying lunch from a local restaurant.

When you do the math that tots up to over $1,000 a year!

A more frugal option would be to take your own home made lunch to work.

It’s cheaper, healthier – and let’s be real – making your own lunch is a lot tastier too.

10. Use Local Transport
Save over $8,000 per year

In 2017 the AAA calculated that the average vehicle costs over $8,000 a year to maintain.

If you live in an area with good transport links, then consider swapping your car for a metro pass.

Alternatively, if your car is essential, try downgrading your car for a smaller model.

Switching your medium Sedan for a small one can save you over $1,800 per year.

ways to be more frugal