The Savvy Path to Savings: 16 Things Frugal People Never Splurge On

Increasingly, people are striving to spend less and save more money, which has led to an increase in frugality. With the rising costs of housing, healthcare, education, and other necessities, it is crucial to spend our hard-earned dollars wisely. When you practice frugality, you don’t waste money on unnecessary things, which leaves you with more cash for saving or spending.

In this article, we will examine 16 items that are often avoided by frugal individuals. You might be surprised to learn about the expenses that do not fit into a thrifty person’s budget. Adopting a more frugal lifestyle involves shifting your mindset and carefully considering every purchase. It may take effort to overcome societal pressures and persuasive advertising that encourage us to overspend. Yet, with dedication and resourcefulness, being frugal can assist you in reaching financial objectives and saving money.

1.) Cars that are brand new

Almost immediately after a new car is driven off the lot, it loses a significant amount of its value. In order to avoid taking the considerable depreciation hit of buying a new car, frugal people buy reliable used cars and drive them for years. Mark found a Honda Accord with low mileage three years ago. Instead of buying a brand new car, he saved over $15,000.

2.) Gadgets and electronics of the highest quality

The latest and greatest tech gadgets usually come with a premium price tag. Frugal people find ways to get the functionality they need without always having to buy the most expensive, cutting-edge electronics. Nina, for instance, refused to purchase a $1,000 flagship smartphone and chose instead a mid-range phone that met her needs for $300.

3.) Vacations that are lavish

It’s easy to overspend on dream vacations to exotic locales, luxury cruises, and stays at five-star resorts. However, frugal travelers can still enjoy quality time off without breaking the bank. For example, the Smith family prioritized camping road trips over far-flung getaways. They used rewards points for airfare and hotels, chose affordable destinations, and avoided unnecessary trip expenses. The Smiths had memorable vacations for a fraction of the cost.

4.) Drinks made with fancy coffee

Coffee shops charge high prices for lattes, cappuccinos, and frappuccinos. By brewing quality coffee at home and carrying it in reusable cups, frugal people save significantly. Instead of $5 a pop, simple coffee pleasures cost pennies. Jen, for example, invested in an excellent espresso machine and learned to make specialty drinks. It takes her only 50 cents each morning to get her cappuccino fix.

5.) Cable television

Netflix, Hulu, and other streaming services have supplanted cable TV as a household expense. The Roberts replaced their $150 cable bill with Netflix and other streaming services totaling just $40 per month.

6.) The availability of multiple streaming services

If you subscribe to several platforms, streaming services can add up. Limiting yourself to just one or two affordable services can help you save. Rather than paying for several paid platforms, the Park family uses Netflix and supplements with free YouTube content.

7.) Clothes that are too expensive

The frugal fashionista refuses to pay retail prices when cheaper options are available. It is possible for them to stay stylish on a budget by shopping sales racks, thrift stores, and discount outlets. In Amanda’s case, she exclusively buys her clothes at clearance sales and thrift stores. Her outfits cost only a fraction of the original price, yet she gets compliments on them.

8.) Frequent visits to the salon

Getting hair, nails, waxed, and other beauty services drains your wallet fast. To look good for less, frugal people learn DIY techniques, swap services with friends, or attend beauty schools. Mary, for example, has her hair cut and highlighted by a friend in exchange for homemade baked goods. In addition to doing her nails and waxing, she avoids going to the salon.

9.) The best alcohol on the market

A frugal person knows that inexpensive alternatives can get the job done for less. For instance, Jim’s friends rave about the elaborate cocktails he serves, but they don’t realize he uses well liquor purchased on sale. Value spirits, wine, and beer offer significant savings.

10.) Decorate your home in style

With all the trendy, overpriced items available, home décor can bust a budget very quickly. The Watsons, for example, furnish their home almost entirely from garage sales, thrift stores, and their own upcycled creations. For their stylish, budget-friendly space, they use DIY projects, secondhand finds, reused items, and inexpensive accent pieces to design their space.

11.) Constant takeout

Taking out and delivering multiple times a week busts a budget quicker than cooking at home. Cooking at home is significantly cheaper and often healthier, too. Luis, a frugal home cook, prepares almost all meals himself. In order to make quick weeknight dinners, he uses inexpensive ingredients like beans, eggs, and produce in season.

12.) Memberships at gyms

Many gym memberships go unutilized, which means wasted funds. Frugal fitness enthusiasts get their workouts in by taking advantage of free outdoor exercise, basic gyms with no contracts, or at home. Alicia, for example, avoids gym fees by jogging through her neighborhood and watching YouTube workout videos for half marathons.

13.) Plans with unlimited data

Monica cut her phone bill in half after assessing her needs, switching to a 3GB plan, and leveraging Wi-Fi for large data tasks. It’s easy to overpay for unlimited data you don’t use.

14.) Starbucks every day

After calculating his $1,500 Starbucks tab every year, Sam decided to enjoy his daily coffee at home. Brewing your own quality coffee is a simple frugal swap. He now gets his fix for under $5 per week after switching to home brewing.

15.) Pedicures and manicures

You can trim, file, polish, and decorate your nails at home for a tiny fraction of the cost of salon manicures and pedicures. Janet, for example, does her nails weekly to avoid salon manis and pedis. She only spends around $2 per treatment at home.

16.) Lottery tickets

People dream of winning prominent, but frugal individuals invest their money wisely instead of buying lottery tickets. Playing the lottery is essentially an expensive form of entertainment with poor odds. For instance, Fred realized he had wasted $500 on tickets every year. He invested that money in an index fund instead.

Maria’s life was changed by frugality

To achieve her dream, Maria needed to supercharge her savings by cutting unnecessary costs. She decided to retire early, leave her expensive city, and pursue her passions. As a result of the above-mentioned frugal principles, Maria reviewed her spending and began implementing changes.

Her new car payments were swapped for a used Honda. Essential gadgets replaced pricey tech. She traveled off-peak, cooked almost all meals at home, limited herself to one streaming service, and avoided salons. With the help of secondhand scores, Maria furnished her home, switched to outdoor training, downsized her phone plan, and started doing her nails.

Maria saved more than 50% more each month through these simple yet consistent shifts. Her progress was enthusiastically tracked, with a motivation wall counting down the months until retirement. Within seven years, Maria had built up the savings she needed to quit her job and move to a coastal town she fell in love with. She filled her days writing fiction books in a low-cost living paradise. As Maria demonstrates, frugality can help you achieve your goals and build your dream life.

In conclusion

You can achieve greater life satisfaction by cutting out expensive excesses because your purchases align with your values. Frugality isn’t about depriving yourself—it’s about spending intentionally on what matters most to you. You can reach financial goals faster by accumulating savings through frugality.

The simple joys in life are often free or cheap. Think deeply about what matters most to you and how frugality can help you achieve those dreams. With extra cash, you gain flexibility, less stress, and more options. Don’t waste your days on empty excess. Fill your days with meaning by using your creativity, time, and talents. Your savings will grow.