The Best 21 Thrifty Habits for the New Year
Starting a new year is the perfect time to rethink how you spend and save money. Small changes in daily habits can lead to big financial wins over time. Whether you’re looking to save for a specific goal, pay off debt, or simply stretch your dollars further, adopting thrifty habits can make a real difference.
These practical tips can help you cut unnecessary expenses, maximize your budget, and build a stronger financial foundation for the year ahead. Ready to take control of your finances? Here are 21 thrifty habits to help you start the new year on the right foot.
Create and stick to a monthly budget
A monthly budget keeps your spending in check and helps you prioritize savings. It’s one of the best ways to take control of your finances.
To learn more: How Many Months for your Budget to Start Working?
Cook meals at home instead of eating out
Cooking at home is cheaper and healthier. It saves you money on expensive takeout while giving you full control over what you eat.
To learn more: 100+ Frugal Meals for When You’re Broke or on a Budget
Use coupons and cashback apps
Coupons and cashback apps make everyday purchases cheaper. They’re an easy way to cut costs without changing your shopping habits too much.
To learn more: Best Cash Back Apps: How to Earn Money and Save Money
Buy in bulk for non-perishable items
Buying in bulk saves money on essentials like rice, pasta, or paper goods. It’s a smart strategy for reducing your grocery bill over time.
To learn more: What is the Best Cheap Food to Buy When Broke?
Cancel unused subscriptions and memberships
Check your bank statements for unused subscriptions. Canceling them puts money back in your pocket for things that really matter.
To learn more: 10 Ways on How to Drastically Cut Expenses Now
Set up automatic savings transfers
Automating savings makes it effortless to put money aside. This habit grows your savings without you needing to think about it every month.
Shop secondhand for clothes and furniture
Thrift stores and online resale sites offer quality clothes and furniture for less. It’s a simple way to save money while finding unique pieces.
Track spending to identify unnecessary expenses
Tracking your expenses helps you see where your money is going. Cutting out wasteful spending can free up funds for saving or paying off debt.
To learn more: 5 Effective Bill Calendar Strategies That Boost Your Finances
Pay bills on time to avoid late fees
Paying bills on time keeps late fees away and protects your credit score. It’s a small habit with big financial benefits.
Use public transportation or carpool when possible
Public transportation or carpooling cuts down on gas costs. It’s a budget-friendly way to save on daily travel expenses.
To learn more: Is a Car an Asset or Liability?
Limit impulse buying with a 24-hour rule
Avoid impulse buys by waiting 24 hours before making a purchase. This habit helps you make smarter spending choices.
To learn more: No Spend Challenge: The #1 Fastest Way To Save Money
Make coffee and drinks at home
Skipping expensive coffee shops can save hundreds each year. Making your own drinks is a simple, budget-friendly habit. The same holds true for smoothies!
Plan and prep meals to reduce food waste
Meal prepping cuts food waste and saves money. A little planning keeps your grocery bill low and your kitchen stocked with what you need.
To learn more: 20 Simple Ways on How to Save Money on Groceries
Take advantage of free entertainment and activities
Parks, libraries, and community events offer free fun. Enjoying these activities keeps your entertainment budget in check.
To learn more: 105 Fun Things To Do With No Money
Sell unused items for extra cash
Selling things you don’t need, like clothes or electronics, brings in extra money. It’s an easy way to boost your savings or pay off debts.
To learn more: How to Flip Money: 14 Best Ways to Make Money
Avoid credit card interest by paying balances in full
Paying off your credit card every month avoids costly interest charges. It’s a great way to stay out of debt and save money. This is a simple debt free habit to do.
To learn more: How to Get Out of Debt in 5 Easy Steps
Negotiate bills and services for better rates
Negotiating with providers can lower your bills for cable, internet, or insurance. It’s a smart move to save money every month. A simple phone call can save you hundreds of dollars.
Use energy-efficient appliances to reduce utility costs
Energy-efficient appliances use less power and cut utility bills. They’re a money-saving upgrade for your home.
To learn more: How to Be Frugal Green: 91+ Tips to Save Money and Environment
Start a sinking fund for large purchases or emergencies
A sinking fund helps you save for big purchases or unexpected costs. It prevents you from needing credit or dipping into other savings.
To learn more: Complete Guide to Sinking Funds Categories To Improve your Budget
DIY home repairs and projects when possible
Simple DIY projects save money on home improvements. It’s a thrifty habit that keeps repair costs low. Thankfully, there are so many DIY videos available on YouTube to help you out.
Buy generic or store-brand products
Generic brands offer the same quality as name brands but cost less. Choosing them is a smart way to save money on groceries and essentials.
Find more thrifty habits to explore
Building thrifty habits isn’t just about saving money—it’s about creating a lifestyle that aligns with your financial goals. Small changes can add up over time, helping you save more, spend smarter, and feel more in control of your finances.
Start with one or two ideas that fit your life, and keep building from there. The more you practice, the easier it becomes. Stay consistent, and you’ll be amazed at the difference thrifty habits can make. Don’t forget to check back for more tips to help you on your journey to financial freedom.
To learn more: 76 Easy Thrifty Tips & Tricks to Live a More Frugal Lifestyle
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