Important Habits You Need for Frugal Living

Frugal people implement many tricks to save money. However, the real savings isn’t in the tricks. It’s in the daily habits you need for frugal living.

That’s because learning to live frugally is a mindset. The tricks may come and go. The rituals you establish are the things that you can stick with.

Take a look at the list below. Then choose one of the frugal habits that sounds do-able to you over the long run. If you add one habit at a time, then you can make big changes over the course of a few months.

Frugal People Replace This with That

Frugal people don’t simply deprive themselves of the joys in life. First, they take a look at their lifestyles. Then they find ways to replace expensive habits with more affordable ones. Here are some frugal replacements to consider:

  • Driving with biking, walking, or using public transportation.
  • Eating at restaurants with cooking meals at home. Furthermore, plan meals in advance.
  • Christmas shopping with affordable handmade gifts.
  • Short-term satisfaction for long-term financial gains.
  • Vacations with staycations.
  • Gym memberships with outdoor exercise.
  • Downtime with a productive side hustle.
  • Buying new for buying used.
  • Buying frequent throwaway items for investing in a few quality goods. When those items break, repair them.

Frugal Habits: The Do’s

In addition to habits of replacement, people who live frugally incorporate some of the following things into their daily lives:

  • Know where your money goes. In other words, track spending and budget.
  • Buy non-perishable goods in bulk when they are on sale. Moreover, they use coupons for greater savings.
  • Save money for emergencies. Use it only for emergencies.
  • Use your community’s resources. For example, visit libraries, parks, and free events.
  • Try new inexpensive activities and hobbies. Keep life interesting!
  • Challenge yourself not to spend – for a day, a week, or a month at a time.
  • Speak up if you are incorrectly charged for something.
  • Continue learning about money and making small changes.

Frugal Habits: The Don’ts

Of course, it’s also necessary to cut out some things. Try to establish habits that eliminate these things:

  • Waste. Buy only what you need and use it. Recycle, upcycle, and make do.
  • Buy on impulse. Instead, stick to lists. Furthermore, go shopping for fun.
  • Get hooked on gadgets. Buying every new version of a phone eats away at savings.
  • Buy tools with a unique single purpose. For example, use a spoon, not an avocado scoop.
  • Incur debt. For example, if you use a credit card, then pay it off each month.
  • Hang out with big spenders. It’s hard to live frugally when your friends are all throwing money around.

Values of Frugal People

Values aren’t exactly the same as daily habits. However, they inform all of the choices that you make throughout the day. Of course, frugal people value financial freedom. Here are some other values they tend to have in common:

  • Self-discipline
  • Personal growth
  • Connecting regularly with friends and family
  • Giving back to the community through action instead of funds
  • Daily meditation, prayer, or other self-reflection rituals

What is the best daily habit you use for frugal living? Share with us in the comments below!

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4 Replies to “Important Habits You Need for Frugal Living”

  1. I really enjoy your writing! The thing that helps me the most to be frugal is understanding that I will be happy in any circumstance. Once, I internalized that, I don’t need any self-discipline to not spend because I don’t have any desire to.

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