How to Be Thrifty and Save Money

Date: Oct 27, 2026

To be thrifty and save money, look for lower-cost options that fit your needs and set aside a small amount regularly. Read on to see how you can get started.

Track and Plan

Look at last month’s spending to see where money went. Sort it into essentials, such as housing, food, and transport, and everything else.

Setting a small, specific savings goal helps. For example, saving $25 a week adds up to $1,300 in a year.

Everyday Ways to Spend Less

• Plan a few meals around what you already have.
• Compare prices or try store brands.
• Buy secondhand or borrow when it works.
• Cancel subscriptions you no longer use.
• Wait before nonessential purchases.
• Ask providers about lower rates or payment plans.

Not every tip will work for you. If an option costs extra time or stress, skip it.

Keep Savings Separate

Moving money into a separate savings account may make it easier to set aside, and automatic transfers can help. A good first target is $500 to $1,000, then about one month of essential expenses.

If your income varies, save a small percentage of each payment instead of a fixed amount.