Are you looking for extreme frugal tips you can use to help you navigate your financial situations and save money? If so, you have come to the right place.
In this article, you are going to learn about 10 extreme frugal tips you can start today.
1. Dumpster diving
Did you know that some grocery stores throw away food that could be eaten? This is true because they cannot sell their produce and food products once they are expired.
The only option they have is to throw them away.
Just because a product is expired it does not mean that it cannot be eaten.
There are many people who survive on dumpster diving. Keep in mind that some products can be poisonous or cause diseases once expired.
It is also important to know that some states and cities prohibit dumpster diving. So, before you get into any dumpster around your cities, check with your city regulations.
2. Extreme frugal: Eat cheap foods
Eating the same food for a while is not a good idea. However, if you want to live extremely frugal, you must understand that there is a price to pay.
Some of the cheap foods you can buy include but not limited to rice, all kinds of beans, grains, etc. They will offer you the high nutrition you need at a very low cost.
3. Extreme frugal: Bake a lot
Do you like bread, cakes, and similar products? If so, you should consider making these products yourself. These products are not worth your money.
One of the best ways to live an extremely frugal life is to never buy baked products. Instead, buy the flour(which is cheap) and baked everything.
You can also save a lot of money when you buy flour in bulks.
4. Grow all your food and live off the land
Living a frugal life goes well with living off the land. If you have land, consider growing your own food. It does not have to be a large land. You will need to learn how to generate optimal crops from the land you have. This will reduce your grocery bill and save you a ton of money every year.
No matter how small is your backyard or front yard, you can always find a way to establish a productive garden that produces most of your food.
Related: 45 Ways To Save Money On Groceries
5. Have one cloth or two
One of the many techniques you can use to help you live an extremely frugal lifestyle is minimalism. You cannot live a simple life when you go shopping every day.
Instead of spending too much money on clothes, downsize and keep only one cloth or two. This way you will save money and spend fewer resources taking care of them.
If you decide to keep your clothes, consider handwashing them to minimize your water and electricity bills.
Related: 16 Ways To Save Money On Utility Bills
6. Extreme frugal: DIY (everything)
DIY is probably the most important thing to consider if you want to successfully follow an extremely frugal life. Although there are things you should have a professional person do for you such as building a house, you should think like a doer all the time.
Do not be afraid of projects. The person you will pay your hard-earned money started somewhere. If other people can do it, why not you?
DIY will save you a ton of money in short and long term.
7. Don’t drink anything other than your tap water
Millions of people spend a ton of money on drinks. This goes from alcohol, soft drinks, energy drinks, bottled water, juices, etc.
What if you can save all that money? How much would that be? Think of all the projects and investments you can make with it. Maybe you are close to retiring and still have no money saved. How can you achieve this goal?
Well, you can cut down on your drinks and only drink tap water. Even if the tap water is not free, you only pay a fraction of what other drinks cost you.
The money you save from this extreme frugal practice will be used toward your retirement, investments, or other projects.
8. Extreme frugal: Live in a hut or yurt
Are you a homeowner or live in an expensive apartment? Too bad. The money you pay in tax, utilities, insurance, rent, etc. will never be recovered.
It is possible to bring these expenses to almost zero.
How about selling your house or stop giving your savings to a landlord? A hut or a yurt could be a good solution. These types of settlements can help you save a lot of money for yourself and your loved ones.
9. Use a bicycle for all your travels
Unless you are traveling for a long distance, a bicycle can get you places. A bike will cost you no money besides what you will spend to acquire it.
You can save more money if you buy a used bicycle. Stop paying a fortune on your cars and bike to work.
10. Reuse everything
Never throw a ways things you use if you can reuse them. Instead of buying new containers, bags, and other important materials, consider saving them for future use.
You can also repurpose them for other uses. The idea here is to use everything for as long as possible for the same purpose or others as long as it works.
