10 Best Ways to Boost Frugal Living to The Extreme

HomeBudgeting10 Best Ways to Boost Frugal Living to The Extreme

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Wondering how to be extremely frugal? I'll share some examples of some major changes you can make to your life in order to adopt a more frugal living lifestyle.

Wondering how to be extremely frugal? I’ll share some examples of some major changes you can make to your life in order to adopt a more frugal living lifestyle.

Frugal living refers to a way of life that is designed to keep you out of debt and living below your means.

It is a way of life that enables you to spend as little as possible and use the extra cash to pay down debt, take a vacation that you always wanted, or use your free time to spend quality time with your loved ones.

How Does Frugal Living Work?

Frugal living works when you end up spending less money than you earn and you save, and ideally invest the difference. 

You really do have more options open to you when living a frugal lifestyle.


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There are many ways that you can find ways to save even if you are suffering from crippling debt.

How to Join the Frugal Movement

Becoming frugal stems from simple lifestyle changes such as not cutting the gym membership and exercising at home or bigger commitments such as cutting down to one car for a single household.

In today’s economy when wages are falling and product prices rising, what will a frugal person do?

Try to save for the future, of course.

Below are examples of some major changes you can make to your life in order to adopt a more frugal living lifestyle.

1. Move into a smaller home.

home expenses

Just because you can afford to live in a larger home doesn’t mean that you should.

Many of us think that we need the added space that a larger home brings us. In fact, if we got rid of useless clutter and things we don’t use, then a smaller home would be more suitable.

You always would save money in the long run because a smaller home will cost you less, saving you money. You don’t have to move into a tiny home, but if you are a family household a three, then living in a 6000 square foot home doesn’t really make sense.

2. Try renting instead of buying.

first time home buyer

This is a split opinion amongst most as many people believe that buying a home is a better investment than renting.

However, if you calculate the interest that you are paying on a mortgage as well of the costs of insurance and maintenance, it works out to be a lot more expensive in the long run.

You can see for yourself in this renting vs buying calculator.

3. Cancel cable subscriptions.

cable alternatives

Do you actually use all the stations that come in your cable package? Odds are that you don’t and you are wasting money. By getting rid of cable subscriptions you can save a to over the years.

In a practical sense, many of us are not in a position to fully cut the cord but you can always find cable alternatives or even try and get free cable TV.

4. Look around before buying.

Selling Apps

Before you make any big purchases consider asking friends or family members if they have the item and aren’t using it before you buy a new one. Next, you can even check consignment shops or use local selling apps to see if anyone is selling a used one. Every penny counts when you are trying to live frugally.

5. Eat out less.

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Restaurants and even food delivery services are expensive and many of us don’t realize how much we are spending each year on this expense.

Consider meal prepping for the week or even learn how you can get cheaper or free food.

6. Quick smoking/drink in moderation.

This sounds like an extremely challenging change but just think about the money you would be saving over the years by quitting.

In fact, SmokeFree.gov has added a calculator to its website that shows smokers how much money they can save if they kick the habit.

You can save $1,934.50 a year based on smoking 20 cigarettes a day, or one pack, at the national average price of $5.31 per pack.

7. Stop impulse purchases.

how to stop impulse buying

Look for easy ways to stop impulse buys. Before making an impulse purchase, think to yourself, is this something I actually need?

If it is, take your time doing research to see if you can find the item at a discount. For online shopping, consider using cash backs sites like Rakuten app which can help you find deals and discounts.

8. Trim your car expenses.

cash back apps for gas

According to a recent study, the average vehicle costs $9,576 per year to own and operate. Choosing to be frugal means finding ways to save in every aspect of your life, your car included. You probably are already very thrifty with expenses but you can still use gas rebate apps or get free air for your tires because every penny adds up.

If you want to take control of your financial life and be more frugal then be mindful of your car expenses.

9. Leave the credit card at home.

is debt consolidation a good idea

Another trick (and probably the most obvious) is to just leave that credit card at home. This can help you by no longer adding more debt on your card, instead, you can work towards paying it off.

You’ll be surprised at how much weight is lifted off your shoulders each time you make payment. It actually feels better than shopping does (You won’t believe it until you do it!).

If it helps, you can even consider cutting up your credit cards to prevent yourself from overspending.

10. Remove yourself from unhealthy situations.

spending habits

Lastly, you can remove yourself from any situation which is unhealthy for your bank account.

Whether it’s the company you keep, the job you hold, or the lifestyle you are living, there are often changes you can make to reduce your spending and live more frugally.

How to Be Frugal Summary

How you chose to be extremely frugal is up to you and the above tips are merely ideas to help you along the way. There are so many other ways you can start living frugally.

Start living frugally now and you’ll end up saving more money, what’s not to love?

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About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

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