Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Top News
Top News

Americans Embrace Frugal Living Amid Rising Living Expenses

66 Frugal Habits People Swear By

Living expenses are on the rise globally, causing financial strain for many individuals. A recent survey by Forbes Advisor in 2023 highlighted the challenges faced by Americans, with nearly 70% living paycheck to paycheck or struggling to cover standard expenses.

To navigate these difficulties, a Reddit user sought advice on frugal living strategies. The responses shared by the community offered a plethora of innovative and practical tips:

  • Eating beans for lunch daily, prepared in bulk over the weekends, proved to be a cost-effective and nutritious option.
  • Bringing homemade meals to work saved hundreds of dollars monthly, especially in pricey areas like Downtown Brooklyn.
  • Shopping for groceries based on sales rather than habit led to significant savings and culinary exploration.
  • Avoiding unnecessary purchases driven by social media trends helped in growing personal savings.
  • Eliminating daily coffee and drinks out resulted in substantial monthly savings redirected towards retirement funds.
  • Adopting a mindset of making do with existing resources rather than constantly seeking new solutions proved to be both economical and sustainable.
  • Various lifestyle changes, such as selling a high-end vehicle for a more cost-efficient option, contributed to significant annual savings.
  • Implementing meal planning, freezing leftovers, and using a slow cooker facilitated budget-friendly and convenient meal preparation.
  • Switching to reusable household items like cloth napkins and air filters reduced ongoing expenses and waste.
  • Exploring alternative entertainment options like libraries and embracing DIY projects like homemade laundry soap further minimized costs.
Bringing homemade meals to work cuts costs in pricey areas.
Eating beans for lunch in bulk saves money and time.
Shopping based on sales leads to significant savings.
Avoiding unnecessary purchases helps grow personal savings.
Cutting out daily coffee and drinks saves money for retirement.
Making do with existing resources is both economical and sustainable.
Selling high-end items contributes to annual savings.
Meal planning and using a slow cooker aid in budget-friendly meal prep.
Switching to reusable household items reduces ongoing expenses.
Exploring alternative entertainment options and DIY projects minimizes costs.

These diverse strategies underscore the creativity and resilience of individuals striving to manage their finances effectively amidst economic challenges. From simple lifestyle adjustments to embracing sustainable practices, these frugal living tips offer valuable insights for anyone seeking to navigate financial constraints.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.