September 6, 2021

10 Frugal living tips to save money and pay off debt

Not sure how to save money in order to create the funds to live a debt-free life? Here are 10 tips you can use today to get started.

15 min read

Good Nelly

Guest Blog


Do you have debts to pay off? Are you worried about it? If so, you need to stop worrying and find a way out of this situation.

We know it happens, and it’s okay. After all, we are human beings, and committing mistakes is normal. But it’s important to learn from our mistakes so that we don’t repeat them.

So, when you have debts to pay off, repay them as soon as possible. And organize your finances in such a way that you don’t rack up debt in the future. An easy way to do this is to cut expenses and use the money for debt repayment. But how will you do that?

Well, saving money is an art. You need to master it by bringing changes into your life. You might think this will require major changes and considerable sacrifices to your life. But please don’t think that way.

If you look closely, you may find many expenses you can reduce or even eliminate. These expenses might seem very nominal. But if you add them up, they may turn into a surprising amount.
So, there lies the importance of embracing frugality. It can help you keep a tab on your spending habits and save money. But there is a misconception that being frugal means you have to be a cheapskate.

The fact is, cheapskates focus on the lowest-priced items. Whereas being frugal means spending your money wisely by focusing on the necessities.

So, here are some best possible frugal living tips to save money and kick start your debt repayment journey.

Create a realistic budget

Are you following a budget? If not, you should create a budget right now! But make sure you are planning a realistic one. Otherwise, it will become tough for you to follow. Then, you won’t be able to reap the benefits of a budget in your financial life.

To begin, list all your expenses along with your total monthly income. Then create a budget that prioritizes your necessities. This way, you can curb overspending and save money to repay debts.

Remember, it might take time to stick to your budget correctly. But once you get obsessed with your budget, you will be one step closer to financial stability.

Show your culinary skills

A CNBC report shows that almost 90% of Americans don’t like to cook. As a result, they are shelling out huge amounts of money on food expenses. According to a Forbes study, ordering food from restaurants is almost five times more expensive than cooking at home.

So, it’s time to avoid eating out or ordering meals from restaurants. Cooking at home can help you save money. Besides, you can create a meal plan as well. It will help you prepare an adequate amount of food with the items in your pantry. This will stop food waste, which will also help save money.

Also, try to buy in-season produce. It is cheaper than the off-season fruits and veggies.

No items found.

Replace light bulbs with LEDs

Are you still using old technology light bulbs?

If so, it’s time to replace them with LED (Light Emitting Diode) bulbs. According to, LEDs use 25% to 30% less energy and last 8 to 25 times longer than halogen incandescent bulbs.

Mel Hall-Crawford, director of special projects at Consumer Federation of America (CFA), says, “LED light bulbs are good quality, last longer and are ultimately going to save money over time.”

A study by USA Today shows you can save about $1,000 over ten years. That means you can save almost $8.33 every month. For even greater money savings, make sure you turn off the lights when you are not using them.

Save money on entertainment

Entertainment makes us feel happy between the hustle and bustle of our lives. But when you have debts to pay off, you need to cut costs.

You can trim your entertainment budget and save money. With a little search, you can find various ways to entertain yourself without spending much, such as:

  • You can cut the cable and save a lot of money. A 2020 report by Decision Data shows the average household cable package is about $217.42 per month. 
  • Switch to streaming services like Netflix, Hulu, etc. They are way cheaper than traditional cable packages. 

If you pay too much for your bills, BillFixers can fix that. Their experts negotiate bills for you so you can stop overpaying and start saving for what truly matters. Click here to check it out!

  • Go outside, sit in a park, and enjoy nature instead of going to movie venues. 
  • If you want to go to the movies, catch a matinee show. Matinees are usually cheaper than evening shows.

With a little planning, you can find plenty of ways to save money on entertainment. You just need to be creative and aware of affordable options.

Buy reusable items

To embrace frugality, you need to stop buying single-use products. Instead, purchasing reusable products helps save money and repay debts. As a bonus, you are now doing your part to take care of our environment, too. Here are a few tips you can follow:

  • Stop using paper napkins. Buy cloth napkins and wash them between uses.
  • Don’t buy bottled water. Get a reusable water bottle, especially a chemical-free one. It will last longer, save money, and it will be healthy too.
  • Carry your own bags when you go shopping. Buying single-use plastic bags can cost you about 5 cents. So, carrying your own shopping bags can help you save money. Also, many stores like Target offer a discount to the customers who bring their own bags.

Use homemade cleaning products

Cleaning products are an important part of maintaining hygiene at home. You can make cheap and effective DIY cleaning products at home by using lemon, vinegar, etc.

These products are effective, just like the ones you buy from the stores. However, they are not harsh or toxic since they don’t have harmful chemicals.

You can search the internet for various DIY methods for preparing cleaning products. It will help you save money.

Travel in the off-season

Do you love to travel? If so, avoid traveling in peak season or shoulder season.

Try to travel in the off-season. By doing so, you can get cheap flights along with reasonable accommodations. Also, you will find fewer crowds in tourist places during the off-season. So, you will be able to enjoy the serenity of the place without dealing with a swarm of tourists.

Follow the 30-day rule

One of the ways to avoid splurging is to follow the 30-day rule. It helps you save money and practice healthy spending habits. The rule is very simple. When you want to buy something, you need to wait for 30 days. If you wish to buy it even after 30 days, you can proceed with purchasing that product. That means the product is necessary to you.

If you buy a product instantly, it may provide you with gratification. But you may end up purchasing an unnecessary thing for yourself. So, the next time you wish to buy something, follow the 30-day rule.

Buy an affordable car

The rule of thumb for buying a car says, your monthly car payment should be below 10% of your monthly income. So, if needed, you can buy a used car. But it would be wise not to spend more than 10% of your monthly income to make car payments. If you feel you are not financially ready to buy a car, don't buy it to keep up with the Joneses. It can create a financial burden on you.

Plan date nights at home

Love is all about spending time with your partner and cherish the moments. You don't need to go to a fancy restaurant or pub every week to spend time together. You can plan your date nights at home. If possible, you can cook the food for that night and arrange a candlelight dinner. You can add vibrance to your date night by playing some favorite music of your partner. This way, you can save money, spend a romantic time, and show your culinary skills to your partner.


The bottom line is, frugality can help you save money and pay off debts. By following these frugal living tips you will see great progress in your financial life in repaying your debts.

But don’t stop being frugal once you become debt-free. Frugality is a good habit of leading a financially stable life ahead.

Do you have any other frugal ideas to share? If so, feel free to share them with us.

About the author- Good Nelly is a financial writer who lives in Milwaukee, Wisconsin. She has started her financial journey long back. Good Nelly has been associated with Debt Consolidation Care for a long time. Through her writings, she has helped people overcome their debt problems and has solved personal finance-related queries. She has also written for some other websites and blogs. You can follow her Twitter profile.

See what you can do with Qoins
© 2022 Qoins Technologies, Inc. All Rights Reserved

Qoins Card is issued by Evolve Bank & Trust, Member FDIC. Pursuant to a license from Visa U.S.A. Inc. Card is a prepaid debit card. Card can be used everywhere Visa debit cards are accepted. 

*Qoins deposits are insured up to $250,000 by Evolve Bank & Trust, Member FDIC.

Form C-AR