Living Stingy: A Helpful Guide to Frugal Living

Many individuals believe that being thrifty entails being stingy. To put it another way, they think that being frugal requires a life of deprivation.

That couldn’t be further from the truth in reality. It’s all about being resourceful when it comes to living stingy.

It’s all about saving money, whether through do-it-yourself techniques, freebies, or coupons.

Frugality also entails making the most out of what you already have.

The ultimate goal of frugality is to live a life that allows you to spend your attention and money on the most important things.

Even though you seem to have to sacrifice quality, the good news is that it doesn’t need to be.

Most of the time, you can choose a smooth lifestyle that adds importance and benefits to your life.

There are many fantastic ways of living stingy without compromising any comfort or luxury. 

While life stingy seems like a life of sacrifice, indeed, frugality in certain aspects of your life will probably set you free from others.

Read more with these recommendations to understand more about living stingy.

But first, what do stinginess and frugality mean?


What Does Living Stingy Mean?

For a good reason, the word “stingy” has a negative meaning.

The concept of stingy is “sparing, or scant to use, to give or to spend.

Moreover, the word stingy indicates negative traits of people who don’t like spending much.

It doesn’t sound like it’s a lot of fun living stingy.

Furthermore, I’ll go deeper into the philosophy of frugalism. It is a money management method that enables you to spend money how you like.

But living stingy is the same thing as frugally living, instead of being cheap and spending as little as possible on everything. 

Is Living Stingy a Choice?


We must recognize before we move farther that living stingy isn’t always a choice.

Sadly, millions of people have to save money to pay their bills.

Therefore, the ability to live smoothly is a privilege in itself, which we should not assume as a matter of course.

We offer some tips for individuals who are not always stingy.

First, if you haven’t, establish a budget and observe where your money goes.

You can find areas to save or re-allocate your expenditure to save more or achieve more objectives.

Check one of these strategies of budgeting and see whether one works for you.

Sadly, you can only trim so much, and you can see that your budget bursts with no space for replacement.

See if you can somehow boost your income.

There is a tonne of various side rumors, even internet rumors.

Another way is to enhance your abilities so that you can acquire more work.

Without a college degree, there are several high-income talents that you may master.

Finally, look at the resources accessible to you from the community.

Many centers in the neighborhood provide adult lessons and free coaching.

You may also be unaware of the financial options that might assist you in going forward.

Related Post: 21 Money-Saving Challenges to Try in 2021

Pros and Cons of Living Stingy:

Let us briefly explore the advantages and disadvantages of frugality before we turn into practical recommendations for a frugal life.


Understanding the Value of Your Purchases:

If it’s economical, at least at the surface level, you’re probably evaluating every purchase you make.

Frugal individuals prefer not to make hasty decisions, but instead, they look at each purchase’s time and value and monetary costs.

You will begin to examine most investments as to whether it is essential for you and how it may influence your other goals.

Saving Money:

Naturally, saving money is the fundamental aim of living rhythm. Frugality, however, is much more than just savings.

The actual advantage is that you can re-allocate your funds to the items that you want. It might be traveling, investing, or saving for a particular item.

Financial Independence.

Financial independence is the ultimate objective of those who practice austerity and live on their means.

FI is when you no longer have to pay your expenditures but can cover all your bills and expenses with investment/savings.

FI is the last and long-term objective for which several people prepare to sacrifice their lives for a few years.


There are also bad things, as with anything significant. Here are the disadvantages of living stingy;

Some Sacrifices:

Although the objectives of frugality are not sacrificing, however, sacrifice is involved.

We could spend much freer and enjoy much more things if we had infinite income.

Consequently, you will be intrinsically restricted in some ways by frugality, but if you remember that the ultimate objective is to spend money on the things you genuinely care about, then sacrifice earns its return.


As noted above, a negative connotation typically ascribes to the concept of living stingy or frugally.

Sadly, you might have to hear words like being a tight-wad, stuck, or other sign to tug your emotions and manipulate you in another manner.

Although some may achieve negativity in achieving your frugality objectives, realize that it is due to jealousy or feels better.

People will frequently write down what they want. Therefore it’s vital not to fall into this trap.

Just know that if you are not willing to help someone in your life, you might want to rethink if they are someone with whom you must continue to associate.

Going Too Far:

It is the last most significant element in the idea of living stingy. Some grow so thrifty that they start saving only for the sake of preserving and not appreciating the fruits they keep.

Saving may become an obsession that harms you, so remember why you are stingy and what goals you want to achieve.

Strategies For Living Stingy:

Strategies For Living Stingy

Now that you know what live stingily is and what it is for, let’s talk about a few techniques that might make you more thrifty.

There Is A Shopping Season:

Please beware of the time to buy specific goods when it comes to shopping.

Although it is undoubtedly helpful to manage your expenses when shopping for foodstuffs such as vegetables and fruits in the season, it is also wise to buy other goods when they are on sale.

Some organizations and websites track the season when discounts on items would be highly expected.

Consequently, you will learn if a lawnmower or new TV is the optimum moment to purchase.

One helpful strategy to save is to purchase holiday presents if most others do not, for example, after Christmas.

During this period, shops and malls begin to purge their inventory of paltry pricing. Another approach is to wait for products to buy in renowned sales such as Black Friday.

If you don’t want an item right away, it is an excellent approach to save money and exercise frugality to wait and get it when it goes on sale.

Get Discounted Gift Cards:

Another suggestion to live smoother is to acquire inexpensive internet gift cards. Were you aware of at least 20 percent off this route to receive gift cards? 

When buying gift cards at a discount, they might become discounts at shops, such as restaurants, that typically don’t sell.

Furthermore, you may even further stack your savings by combining all your purchased reduced gift cards with deals in other businesses.

Learn Some Projects For DIY:

Learn Some Projects For DIY

You typically have two alternatives when you need a product: either build it yourself or buy it.

Although it’s more convenient to go to the shop, it’s usually a lot more economical for you.

Although DIY takes a lot of effort, it may make items you own longer with a bit of craftiness and ingenuity.

Community workshops and online instructions can assist DIY with everything from clothes to minor appliances.

Some DIY tips are available here:

  • Make beauty items of your own like dry shampoo and deodorant.
  • Create cleaning products of your own, such as washing detergents, window cleaners, and spot removers.
  • Shape your clothes and mend them.

Saving Matters:

If you have disposable revenues, one method to make frequent spending difficult is to save money before you spend it.

Save around 20 percent of your income as your check enters your account. If possible, keep it.

One of the easiest methods is to automatically transfer it to your savings/investment accounts every month.

In this way, the money will be gone before you can spend it, and you will be less willing to live with it.

First, it’s preferable to pay since you may convince yourself to splurge leftover money without effort.

Payments For Cable And Energy Bill:

Payments For Cable And Energy Bill

Another method to be thrifty is to try and save on a budget for your home. A programmable thermostat is one option for economic investment.

The purchase and installation of one might make regulating the temperature easier at different times of the day in different seasons.

For example, you may reduce the heat and boost the temperature in the morning during the cold season at night.

Moreover, it makes your household significantly cooler during the day. Especially saving your energy expenses may be achieved only when you are home with the air conditioning or heat, rather than wasting it overnight.

You can cut the cable, and cable alternatives become another more frequent option to save money.

As many of us watch TV, it shouldn’t be a pleasure for most of the day.

Please remember that you may do other things with your essential time, such as learning a new hobby, time with your friends and family, and more.

Even watch TV with surveys or play games might generate money!

Plan Your Journeys In Advance:

Travel hacking in the last decade has grown quite popular and is an excellent method to save travel money.

And the best thing is that you may travel to your ideal places without losing the quality of your lodgings by using tricks such as credit cards.

You may enjoy your holiday frugally and yet.

Make sure that you join a loyalty, reward, and rewards programs every time you can.

For example, you may enhance your savings by buying from an online shopping site that provides cashback together with a rewards card.

You may save a lot of money even with minor travel tricks.

When you plan to save on traveling, try collecting miles and points for free or low-cost flights.

For example, the Southwest Companion Pass is a beautiful method to save loads of travel money.

You may also invest in a service like Scott’s Cheap Flights to find bargains at your local airport.

Search Deals:

Search Deals

Many believe in living stingy for a lot of things. Moreover, they think that they would have to give up a lot.

Without a doubt, you can accomplish much of what you want while still exercising ferociousness as long as you are flexible.

Furthermore, it implies shopping for bargains for sure, folks.

Say, for example, there is maybe a lot at a French restaurant that will be a free music festival or a bowling arrangement this week and next week.

Look for coupons or other savings every time you can and organize your events or purchases.

Groupon is another good choice for discovering bargains or the book for entertainment.

Establishing A Budget (Preferably Zero-Based)

The first step to a thrifty life is to make a budget, which demands compromise and optimizes savings by really pushing you to forego some discretionary luxuries.

A zero-focused budget is one of the easiest ways to achieve this. Your revenue, fewer costs, is always zero in a null-based budget.

Therefore you are spending no more than you can. You must also track all your expenses, including irregular ones, via this technique.

If your revenue stream is incompatible every month, this technique can be complex.

Still, if you are capable, you can minimize costs and contribute to the saving fund through a zero-based system: the stricter your budget, the greater your savings, the lower your costs.

If you do not want to be stingy in the long run, your savings frequently shift to an emergency fund during your zero-budget sprint – an excellent way to meet many kinds of savings objectives.

Using Minimalism:

A minimum of minimalism is the easiest method to live a frugal life. Find innovative approaches to design your garments to have many outfit alternatives even with a few essential elements.

By selling unused or lightly used items and furnishings, you may also decline your space, reducing your need for fundamentals.

Get used to cooking fewer tools and “essentials,” so if you don’t need them, you will not be tempted to sprinkle with a fancy smoothie blender or InstaPot.

While minimalism does not necessarily mean saving money – even owning just a few costly things might cost more than many lesser goods – it allows you to sustain a more stingy lifestyle for a more extended period since you do not need to go through as much every day.

So, Is Living Stingy a Bad Thing?

Living Stingy

Not necessary. Not necessarily the case. Although a visible advantage of this way of living stingy is to save more money, it also depends on knowing where and how you spend your money, budgeting wisely, and the total cost.

You are more likely to have lower debt with your credit card and more likely to prevent lifestyle inflation.

So you will keep the exact costs even if you have a higher salary or a large bonus – helping you save more when you get more.

However, overdoing it and not enjoying the delights of life are the disadvantages.

Living frugal frequently means keeping to your budget, and it may come with several concessions, from a celebrative meal with friends to the fact that your family has to forget about a trip.

After all, if you spend it extravagantly, it is hard to save money.

Why Should You Live Stingy?

Live Stingy

Living stingy lets, you choose what’s truly important. You don’t like an elderly crab; you don’t spend money and never like living (unless you are pleased).

You decide to spend money on things that make you happy—not what could emotionally satisfy you right now or, even worse, what other people believe you might impress.

Just because a family member states that your money is tight does not imply that you would buy a new automobile to please them.

No, you stick to your plans and remember your financial goals.

If you follow the following procedures and make sure that you live in the final two mantras, living stingy can become easy:

  • Compare yourself never before.
  • The views of other people are not paying your expenses.

Also Read: FDIC vs SIPC: What’s the Difference?

Final Verdict!

Living stingy might be the best short-term aim to rescue people, pay loans or accept the FIRE trend.

But in the long run, it might be challenging to sustain this lifestyle — and this is where it brings light onto frugality.

While sweet and intelligent living is the same, sweetness helps you to save money without doing so at the cost of your life.

As sloppy individuals do not entirely compromise the degree of sophistication, sluggishness is about a more sustainable kind of budgeting.