How to Cut Expenses and Save Money

Live a low-cost lifestyle.

By Patrice Lewis
Updated on January 8, 2025
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by Adobestock/Janetwall
Replacing disposables with secondhand finds can save a lot of money.

Learn how to cut expenses and save money by shopping in secondhand stores, cooking at home, avoiding disposables, and adopting a DIY lifestyle.

Rising interest rates, high food and energy costs, and stagnant wages are on everyone’s minds these days. Sometimes, it seems there’s no way to get a handle on out-of-control finances, especially when it comes to the dream of homesteading.

For some fortunate people, a homestead is possible because of generous salaries, inherited money or land, or other factors. But many of us live paycheck to paycheck and don’t have the extra cash to invest in new projects. Homesteading dreams are often put aside because they seem unattainable.

But are they? One way to progress toward dreams and goals is to live as inexpensively as possible and apply any and all spare change toward achieving those goals. I call this “low-cost living.” This means not only applying all extra income to the achievement of these goals, but also not doing something contrary that would jeopardize them. People frequently jeopardize their goals by spending money on unnecessary stuff, but the hard truth is that only you can fund your goals.

Attitude is critical. If you live a low-cost lifestyle and resent every minute of it because you feel deprived, you’ll never be happy. Embrace frugality as a fun and challenging adventure!

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