Is Living Stingy Really Worth The Hassle?

Home Budgeting Is Living Stingy Really Worth The Hassle?

Work towards something bigger and better than material possessions and you’ll reap the rewards in your future. Right?

Looking for ways to become better at living stingy and reap the benefits later on in life? As I sit here watching the news I began thinking about my money-saving journey. It seems it’s always on my mind. Why doesn’t everyone start living stingy and save all the money that we can? It’s not that hard and greatly improves your future.

Growing your net worth and becoming wealthy (or comfortable) is one of those things many of us dream about, waking up with no financial worries, no mortgage, the money to send our kids to college, and so on.

Unfortunately, few of us will ever become millionaires but we can greatly increase our comfort levels. There are some ways you can start living stingy today so you can afford an early retirement or live comfortably working part-time. But first, let’s quickly recap what living stingy actually means.

Living Stingy Is Worth It

Being stingy with money can be simple. This simply means that you’re living frugally, not wasting money on things you don’t need.

A penny saved, is indeed, a penny earned. Living stingy is working towards something bigger and better than material possessions and you’ll reap the rewards in your future.

Want free money?

  • Aspiration: Want to get spotted a $100 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

But how can you get there and start living stingy right now?

Living Stingy to Achieve Your Financial Goals

Now that we covered what stingy means, let’s figure out how you can get there. Here is a list of ways to live stingily.

1. Be stingy with your bills

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The first step to live stingy so you can achieve your financial goals is being stingy with your monthly expenses and bills. Just because a company quotes you a price doesn’t mean it’s the best one they can offer you. For example, did you know that you can even get free cable tv or free internet?

Start by contacting the companies with which you have a regular bill such as your phone, insurance, cable and credit cards. If you contact them and explain that you have been offered a better deal elsewhere, they may be able to negotiate a better price for you, especially if you are a long-term, loyal customer. If they can’t offer you a better deal, it may be worth switching providers.

Don’t be afraid to switch.

I recently went through this with my internet service. I called and requested the deal they were giving new customers and of course, they said no. My loyalty meant absolutely nothing to them. But being my stubborn self, I literally told them to come get their equipment. I was done. So after transferring me to several different people I finally got the new promotion price. While you may not have the same attitude as me, you get the picture. Don’t overpay — live stingy for a better future tomorrow.

2. Be stingy and cancel unnecessary subscriptions

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We often get lured into paying monthly subscriptions because we feel it would encourage us to use them. Unfortunately, most of the time that’s not true and it’s just another way to eat away at our bank balance. Think about whether or not you really need the subscriptions to Netflix, magazine subscriptions, Spotify, Amazon Prime, or a gym membership that’s never used.

Ever pay for a gym membership for years and only use it maybe twice a year? If this sounds like you then why are you throwing away your hard-earned money? Seriously? That’s like paying for 250 channels and watching only 3. Become more stingy and get ride of the gym membership or unused subscriptions. You can get a full list of subscriptions that you’re paying for by using free services like Trim.

3. Be stingy at retailers that don’t offer cash back

shopping addiction

Because retailers want you coming back for more they often offer a variety of rewards such as coupons, discounted offers, and even freebies. If you aren’t coupon savvy you can use rebate apps that basically do all the hard work for you.

My personal favorite cash back app to find coupons and earn cash back at over 2,000 stores has got to be Rakuten. When I use them for cash back shopping I get paid for shopping I would have done anyway.

Additionally, create an email address specifically for these programs and shop according to the deals each retailer offers every week. You can also shop secondhand by using selling apps or with online retailers who offer better prices, like eBay, Amazon, and Craigslist.

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link (must complete application). The value of the free share may be anywhere between $2.50 and $200 and fluctuates based on market movements. You’ve got nothing to lose.

4. Ignore scams that promise fast money (opposite of stingy)

Apps That Help You Save Money

There is little more embarrassing than falling for the online scams that claim you can earn thousands of dollars a month by clicking a link and investing a couple of hundred dollars. Similar to fad diet pills and online gambling, very few ever make a cent, let alone a living. What a joke.

Don’t fall for this crap.

Becoming rich/comfortable takes time, patience, and discipline, so instead of investing your hard-earned cash into what adverts call “online deals”, put it in a Vanguard Investment Account! You can learn more about investing in this beginner’s guide to investing. Every dollar you can manage to save is a dollar you can invest. Get badass about living stingy.

5. Be stingy with name brand products

Free Starbucks Gift Cards

Fancy marketing is something we all fall for. Fancy packaging and catchy taglines are probably what lure you in, but here is a secret: the product is no different to your supermarket’s own brand! Aside from the product not being different, the own-brand version will cost a fraction of the price.

Try it, no difference.

Who cares what name is on the package? If you like certain brand products, look into coupon sites that offer coupons, discounted offers, and even freebies.

6. Don’t try to keep up with the Joneses

Your personal goals are what should matter to you the most, not what other people are doing! Who cares how they are wasting their money? It can be disheartening to see your neighbor roll in driving a new car every year but remember that as nice as it would be to have one yourself, you don’t need it or can’t afford it.

You can get quality used vehicles much cheaper and literally save thousands over the years (I learned this the hard way). But have since wised up.

7. Be stingy with your money and use money-saving apps

best money saving apps

Saving money can be easy especially with a powerful personal computer in your pocket disguised as a telephone.

Want free money?

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Here are some money-saving apps to help you live stingy — for today or tomorrow.

AppAt a glancedownload
capital one shoppingBestow
★★★★★
Leave your family $1M. Who doesn’t want to be a millionaire? While we don’t all have trust funds waiting for us, there is still a way to provide protection for your loved ones with up to $1 million in term life insurance. You could do this for as little as $8 a month by getting a free quote from Bestow.
GET ESTIMATE
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up to $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

Ready to live stingy?

Money Making Apps

Work towards something bigger and better than material possessions and you’ll reap the rewards in your future. There isn’t anything wrong with living stingy and being smart with your money. Don’t keep up with the Joneses, they aren’t paying your bills… you are.

Get smarter with your finances today and your tomorrow will be much more comfortable.

The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
capital one shoppingBestow
★★★★★
Leave your family $1M. Who doesn’t want to be a millionaire? While we don’t all have trust funds waiting for us, there is still a way to provide protection for your loved ones with up to $1 million in term life insurance. You could do this for as little as $8 a month by getting a free quote from Bestow.
GET ESTIMATE
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up to $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

About the author

Jennifer Scott
Jennifer Scott
Jennifer Scott is a freelance finance writer who’s always looking for a way to save money on her path to FIRE.

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