Additional Coverage:
- 12 Things Frugal People Buy Because They’re Worth Every Penny (financebuzz.com)
Smart Spending: 12 Habits of Truly Frugal Folks
We all know the type – the person who cuts their own hair (sometimes with questionable results) and counts every penny. But being frugal doesn’t have to mean sacrificing comfort or looking like you lost a fight with the scissors.
True frugality is about making savvy, deliberate choices that deliver lasting value, investing in items that save you cash over time, and ultimately, making everyday life a little bit better.
Ready to level up your money game? Here are 12 buying habits that can help you save on essentials, steer clear of debt, and build a more sustainable lifestyle.
1. Quality Kitchen Tools
Forget flimsy gadgets that break after a few uses. Frugal individuals invest in high-quality knives, sturdy skillets, and durable cookware designed to last a lifetime with proper care. While the initial cost might be higher, these items more than pay for themselves in the long run.
2. Reusable Household Items
Single-use items are the arch-nemesis of frugality. Instead of constantly restocking paper towels, plastic bags, and disposable coffee cups, smart shoppers opt for stainless-steel water bottles, cloth napkins, reusable towels, and permanent coffee filters.
3. Basic, Versatile Clothing
Fast fashion offers a closet full of trendy (but often cheaply made) apparel that rarely lasts more than a season. Frugal shoppers, on the other hand, gravitate towards simple, well-crafted clothing in versatile shapes and colors that can be worn year after year and across various occasions.
4. Second-Hand Clothing
Savvy shoppers embrace the second-hand market. They know you don’t need luxury price tags for designer brands, and they’re pros at unearthing well-priced treasures at local thrift stores.
5. Bulk Groceries
Stocking up on pantry staples like rice, beans, pasta, and other shelf-stable goods can lead to significant savings and fewer trips to the store. While many enjoy bulk buying, frugal shoppers are strategic – they only buy what they’ll genuinely use, ensuring that bulk purchases are truly a good deal, not just an excuse to fill a hallway closet with 50-packs of mac and cheese.
6. Refurbished Electronics
Just like new cars, new electronics come with a hefty price tag. Frugal consumers skip paying full price for the latest model, opting instead for slightly older, professionally inspected, and certified refurbished laptops, tablets, and phones. This approach offers substantial savings without sacrificing performance.
7. Frozen Food
Frozen food might be controversial, but it’s a practical and realistic solution for those busy nights when cooking from scratch isn’t an option. Instead of an $80 DoorDash order, a frugal person might pop a $13 lasagna in the oven.
A freezer stocked with meals is a great way to have “plan B” dinners that won’t spoil. It’s also smart to load up on frozen fruits and vegetables, which often outlast their fresh counterparts.
8. Fuel-Efficient Vehicles
When buying a car, frugal individuals look beyond the sticker price. They prioritize longevity, maintenance costs, and fuel efficiency. A used Honda, for example, might cost more upfront, but its strong reliability and excellent gas mileage could easily save more than that initial difference in repairs and fuel over the vehicle’s lifespan.
9. Rotisserie Chicken
The rotisserie chicken is a frugal person’s secret weapon, and not just from Costco! Sam’s Club, Walmart, Target, and many other supermarkets offer pre-roasted birds at unbeatable prices.
Pair it with a bag or two of frozen vegetables for a quick, affordable dinner. Leftovers can be transformed into salads, soups, sandwiches, or even a classic chicken pot pie.
10. Dry Cleaning and Shoe Repair
Frugal people understand the value of dry cleaning and shoe repair services. Instead of discarding a beloved pair of boots after a pet incident, they know a $28 trip to the cobbler (yes, they still exist!)
can make them look good as new. Dry cleaning is another strategic expense, as it helps maintain high-quality clothing for the long haul.
11. Off-Season Clothing and Consumer Goods
Timing is everything when it comes to scoring the best deals. Frugal shoppers buy winter coats in the spring and swimsuits in the fall, capitalizing on off-season discounts. This strategy also applies to larger purchases like appliances, electronics, and mattresses, which often see significant price drops at predictable times throughout the year.
12. Great Mattress and Pillow
Good sleep is non-negotiable. Instead of skimping on cheap, uncomfortable mattresses, frugal people invest in high-quality beds and supportive pillows that last longer and provide better rest. Considering how much time we spend sleeping, this investment is truly priceless.
The Bottom Line
Frugal living isn’t about deprivation; it’s about making smart, intentional purchases that enhance our lives and save money in the long run. From a quality mattress to better pots and pans, strategic buying can significantly simplify your life and your finances.
Money Tips for Everyone
No matter your bank account balance, there’s always room to optimize your finances. Here’s a quick checklist of things you can tackle today:
- Prioritize Debt Repayment: Debt can be a major roadblock to financial well-being. Beyond cutting expenses, tools like balance transfer credit cards and debt counseling can help you pay it off faster.
- Boost Your Income: If finances are tight, earning a little extra cash can make a huge difference. A new job is one option, but if you’re not ready for a major change or are already retired, a part-time side hustle could be a better fit.
- Trim Expenses: It might sound painful, but cutting expenses doesn’t have to be. Start by looking at your biggest expenditures, as that’s where you’ll likely find the most significant savings.
For example, with auto insurance rates on the rise, shopping around for a new provider can be the quickest way to lower your bill. If you have a vacation planned, finding the right travel credit card could help offset costs.
Read More About This Story:
- 12 Things Frugal People Buy Because They’re Worth Every Penny (financebuzz.com)