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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Table of Contents
- 10 Ways To Be More Frugal And Save $10k In One Year
- 1. Dry Your Clothes On A Line
- 2. Make Your Own Laundry Detergent
- 3. Ditch Cable TV
- 4. Make Your Own Coffee
- 5. Install a Smart Thermostat
- 6. Get Free Furniture From Craigslist
- 7. Coupon Clipping (Without The Clipping Bit)
- 8. Cut The Gym (And Exercise At Home)
- 9. Bring A Packed Lunch To Work
- 10. Use Local Transport
10 Ways To Be More Frugal And Save $10k In One Year
1. Dry Your Clothes On A Line
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
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.
3. Ditch Cable TV
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
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.
5. Install a Smart Thermostat
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
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;
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)
With the Coupons.com app you can get money-off purchases in stores such as Costco, Walmart, Dollar General and more.
8. Cut The Gym (And Exercise At Home)
Save up to $1200 per year
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
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.