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The 'hourly wage' approach to frugality might completely change how you view small savings

This simple "time x savings = earnings" calculation adds up quickly.

Photo credit: Canva

Is it worth it to drive out of the way to save 10 cents a gallon?

In today's high-cost-of-living, wages-haven't-caught-up economy, finding ways to stretch your paycheck feels more important than ever. Some people are taking on second and third jobs, trying to figure out lucrative side hustles, moving to places with more affordable living expenses and making other big life changes to try to get ahead.

But you don't necessarily have to make big sweeping changes to your life to find extra cash. The phrases "Time is money" and "A penny saved is a penny earned" may sound like lip service sayings, but what if you took them literally? What if, instead of assume that saving a few cents here or a couple of bucks there isn't really significant enough to think about in the big picture, you calculated opportunities to save money in terms of an hourly wage?

 gas prices, saving money on gas, frugal living, money, budget Saving $1.50 on gas might seem like a minimal savings, but the hourly wage might change your mind.Photo credit: Canva

Here's what that means: Let's say your closest gas station has gas for $3.75/gallon, but the one a few blocks down the road has it for $3.65/gallon. If you got 15 gallons of gas, you'd save $1.50 driving two minutes out of your way to get gas at the second station—is that even worth it?

Yes it is, when you calculate that $1.50 in terms of an hourly wage you're paying yourself. For two minutes of your time, you've essentially "made" $1.50. When you translate that into an hourly wage, you've just paid yourself the equivalent of $45/hr—basically what someone making $90K a year makes.

 tightwad gazette, frugal living,  "The Complete Tightwad Gazette" by Amy Dacyczyn m.media-amazon.com  

The hourly wage idea comes from a money-saving, frugal-living tome called The Complete Tightwad Gazette by Amy Dacyczyn. The book is a compilation of Dacyczyn's long-standing Tightwad Gazette newsletters, which offered not only a whole array of thrifty habits but also valuable shifts in perspective on saving money.

Dacyczyn's main example of the hourly wage calculation in the book was washing out Ziploc baggies to reuse instead of tossing and getting a new one each time. Even back in the 90s, she calculated that washing baggies yielded her $30/hr. But when you start thinking this way, you start to realize that there are tons of ways to make a good hourly wage in tiny increments.

 saving money, frugality, washing plastic bags, budget, money  Washing a Ziploc bag might feel like a waste, but it's not when you calculate the hourly wage. Photo credit: Canva

Here are some examples:

It may take time to make your lunch instead of eating out, but the savings can be significant. Let's say it takes 10 minutes to put together a lunch at home. A really great made-at-home lunch would cost only a few dollars, but let's go with the high end of $5 including a drink. It's easily $15 for a lunch and drink out at a restaurant, so the 10 minutes you spent saved you $10. Hourly wage for making your own lunch = $60/hr.

How about taking the time to call your phone and Internet provider and negotiate a better price? Those people can keep you on the phone for a while, but let's say they gave you their spiel for a solid hour, and you only saved $20/month for the next year after that negotiation. Hourly wage for an hour of phone and internet negotiating = $240/hr (or more)

 saving money, frugal living, phone and internet services, hacks, savings Spending an hour negotiating on the phone to lower bills might be a lucrative hourly wage equivalent.Photo credit: Canva

Canceling a subscription takes almost no time at all, but is something we might put off because it feels like we're taking something away or depriving ourselves of something we want. But streaming service subscriptions alone are eating into people's budgets like nobody's business. Even if you cancel a subscription that's only $4.99 a month, the hourly wage you "make" by canceling it is huge. Assuming it takes one minute or less to log into your account and click a few buttons to cancel, the hourly wage for canceling a $5/month subscription = $600/hr. (And that's only accounting for the first month's savings. If you figure you just saved $60 over the course of a year, assuming you stay unsubscribed, and you've made $7,200/hr for that one minute of "work." Doesn't feel like deprivation now, does it?)

 saving money, frugal living, canceling streaming services, subscriptions, savings Taking a minute to cancel a subscription? Huge hourly wage. Photo credit: Canva

Of course, not everything is worth the time it takes, so it's worth it to do the math. For instance, it might be worth it to wash your own car, or it might not be, depending on how long it takes you and how much you would normally spend on a car wash. And some people have far more time than money, so even a not-great hourly wage equivalent might still be worth it.

But try doing the calculation next time you have an opportunity to save a little money, especially if the time investment is minimal, and see how much the hourly wage equivalent is. Not only do all those little savings add up over time, but you can see how valuable those small efforts really are.

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Frugal people share 13 silly money-saving tips that actually work.

Warning: These may involve some light stealing from work.

Unsplash

Most adults take a look at their lives somewhat frequently to try to figure out where they can save money. It might be cutting one of the streaming services we're not using or trying to dial back the Starbucks PSLs. However, the people on the subreddit r/frugal, take saving money to a whole new level.

A recent thread posted by u/Jskyesthelimit was chock full of solid gold advice for anyone looking to trim the budget but who doesn't want to put in a lot of work.

(Yeah, yeah — we all know meal-prepping is effective, but who's got the time? We're looking for easy wins, here.)

The prompt, "What's the little effortless, stupid thing you do that TECHNICALLY saves you money?", got some responses and tips you've probably never thought of.

They're small, they're silly — but they do add up.

1. Spend more time outside

"if i go outside and play all day, i don't have consumerist urges to buy stupid shit." - looney417

Can't spend money if you don't go into a store!

It's a good idea to get away from your phone or laptop for a while, too. If you're not careful, you can buy a hundred dollars worth of junk on Amazon before you even realize what's happening.

2. Time your dishwasher runs

"When our dishwasher is full and ready to be started, I set an alarm on my watch for 9pm. I start the dishwasher when the alarm goes off since the electricity rate goes down after 9pm." - misterfuss

A half loaded dishwasherNathan Dumloa/Unsplash

Did you know that electricity costs more during "peak hours"? Where I live, power can cost up to 4x as much from 2-7pm versus off-peak hours.

Most people run the dishwasher at night anyway, but you should look up your own local peak hours. Starting the nightly load at 9 instead of 8 every night could actually save you a couple of bucks a month.

3. Fill a large water bottle at work before you leave

u/MrPerfectionisback swears by this one.

Getting a gigantic, high-quality water bottle could be a great investment if you're able to top it off at the office every day and bring your water bill down a smidge.

4. Use less laundry detergent

Most of us approach laundry detergent with a "fill 'er up" attitude. But, usually, you can get away with even just one tablespoon if your clothes aren't that dirty. and using less will help your clothes last longer.

u/jbblue48089 also recommends using solid bar shampoo and dish soap, which have a longer lifespan than liquid soaps.

5. Re-wear clothes (other than socks and underwear)

Another option from u/ztreHdrahciR — don't wash your clothes at all! At least not right away.

Chances are you can get a few wears out of jeans or even t-shirts and save on laundry costs, to the tune of a few dollars per year.

6. Make your own doggie poo bags

"Use used food bags to pick up the dogs poop." - bezere

Poop bags are expensive! You could easily spend $20-50 per year depending on what brand you use.

Next time you pack a sandwich for lunch, save that plastic baggie and use it for pick-up duty later on.

7. Charge your phone at work (or wherever there's an outlet)

A good one from u/runmemymo.

Never pass up a chance for free electric!

If you don't work in an office, just carry your phone charger with you. Lots of restaurants and even public spaces have outlets so you can get a little free juice.

8. Poo at work (or wherever there's a bathroom)

u/larkfor says they save a ton of money each year on water and toilet paper by doing their business at work or the office.

Never pass up a chance for free water and toilet paper!

9. Cut sponges in half

yellow soapy spongePille R. Priske/Unsplash

u/plaincheeseburger recommends turning one sponge into two.

It will still work exactly the same and last twice as long.

10. Repair old dog toys

I love this one from u/pdxarchitecht!

My dogs love immediately ripping the stuffing out of new toys, which doesn't feel like a great value for my money.

The hack? Put the stuffing back in and add a stitch or two to close it up and save yourself $10 or more.

11. Twist the stems off of peppers if paying by weight

This ingenious and petty tip comes from u/casterix75.

Not all supermarkets charge by weight for bell peppers (or similar produce), but if they do, why pay for the stem? Twist it off and save yourself a few cents at the checkout.

12. Save the cold water when running a shower or bath

An old science teacher taught me this one in high school, recommended in this thread by u/smartquokka.

Put a bucket in the shower or bath to collect the cold water while it's heating up. Use that to water plants, fill the dog bowls, or flush the toilet.

13. Unplug everything at night

hands holding a plugKelly Sikkema/Unsplash

Many people recommended this — it's an r/frugal staple.

Appliances on standby still use power, so unplug as many things as possible before going to bed. u/Larkfor estimates this saves them $10 a month or so on power.

These tips are so small they're almost microscopic, but you know what? Most of them are so easy you'd barely notice a difference in your lifestyle and routine. And all together, you could save yourself a decent chunk of money every year by making a few simple changes.

Thanks to the thrifty people of Reddit for sharing their hacks with the rest of us!

This article originally appeared last year.

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9 super simple things people can do to save money that are often overlooked

Doing all of these things really adds up.

Photo credit: Canva

People might not consider driving the speed limit to taking care of your teeth as money-savers, but they are.

No matter how the economy is doing at any given time, people are always looking for ways to save money. Rents go up. Job losses happen. Kids need braces. Retirement looms.

Financial advice often focuses on where to put your money for the best returns, but that advice is only helpful if you have extra money to save or invest. Money-saving tips can help free up some cash to save or invest, and they can also help you avoid having to put borrow money or use credit for things you can't immediately afford.

While some people understandably scoff at frugal tips like "eat less avocado toast"—as if saving a few bucks here and there will solve the housing crisis or make college affordable—there is something to be said for small amounts adding up. For instance, not buying a soda when you're eating out to save $4 may not seem like much, but if you did that once a week, you'd save over $200 in a year. Not a fortune, but nothing to sneeze at either.

And if you start combining lots of small money-saving habits like that, you may be surprised at what a difference it makes. Here are nine super simple ways people can save money—but often don't—from users on Reddit:

Take good care of your teeth

"An ounce of prevention's worth a pound of cure," as the saying goes. Toothbrushes and dental floss are cheap. Cavities, root canals and gum disease are wicked expensive. Good oral hygiene may not be the first thing you think of when it comes to saving money, but ask anyone who has neglected their teeth how much it has cost them in the long run.

via GIPHY

"Take care of your teeth: brush and floss everyday - preventative care now will save you THOUSANDS later if you need major dental work!

"Yup. This is often overlooked advice. My mom had lost most of her teeth by the time she was my age (40). She always said that this was her biggest regret in life. Because of this, my siblings and I have always been pretty good about taking care of our teeth. Right now my mom has dentures that don't fit well because she lost another of her remaining teeth but can't afford new dentures."

"As someone who has paid a thousand and will pay many thousands more in the near future…yes. Take care of your teeth."

"Can confirm! Just spent 20,000 on my teeth. Talk about eye opening!!!"

Only drink water

Drinks are expensive, and not just fancy ones. A basic soda will set you back $3 or $4 minimum at most restaurants, and everything else goes up from there. Water is free. Even at home, you can save a lot by simply drinking water. It's a simple rule that helps improve the health of your body as well as your bank account.

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"Drink water at restaurants and not soda."

"Only drink water. Not only will you save money, but your body will love you for this as well. Win\win."

"Water is my biggy. Don't drink soda period. Filtered at home. Doing this for 5 years and seriously tastes so good."

"Yep. Just take a look at what restaurants charge for a soda. It's usually around $3 now. Then, look at how many empty calories are in a 20 oz soda. It's basically 10% of your daily value on just one drink. Not worth it."

"If I learned anything in the military... drinking more water solves 99% of all problems."

Use the library (not just for books)

Free reading material? No brainer. But libraries have so many more free services that people often don't know about. From movies to language learning apps to artwork and tools you can check out, the range of things you can get from the library is wild. Definitely worth checking out your local public library's offerings if you haven't lately.

via GIPHY

"Make use of free services. Mostly, the local library. Sometimes there's a feeling that just because it's free it's trashy or peasant-like. I don't need to pay to see something in order to feel good about it. And libraries are amazing! Free books! Audio books! So many things."

"My library has tools and equipment available to borrow. Before going to big orange to rent a pressure washer, floor sander, paint sprayer, or post auger, I always check the library first lol"

"Public libraries are a gold mine for (almost) free. Ask them about their other options (than books, movies, music, etc.). Many libraries offer museum passes. I’ve heard of fishing poles. My library has a seed library."

"Ours you can check out a sewing machine. Plus attend a free workshop to learn how to sew!"

Ditch DoorDash

I know. All of those food delivery services are so convenient. But they're also soooo expensive. If you're in money-saving mode, definitely avoid these services like the plague. Just pretend they don't exist (because they literally didn't until very recently).

via GIPHY

"This. Your meal is easily 50% more expensive when you factor in delivery fees and a tip. and some restaurants charge more on door dash than they do in-person."

"Delivery fee? That's just the tip of it! Ever notice how there still is a bunch of extra fees on top even when they offer you the delivery fee for free?"

"And to make it worse, I tell myself that I have to order more food to justify the delivery fee! So now just paying more and overeating."

"It really is an addictive habit. We started using it during the pandemic and it really just was a bit of convenience that we found hard to give up because it was so easy... Pick up your phone, order, get delivery, eat, done... Every time we saw the card, we knew that the delivery fees were what was pushing our eating out budget way over but after a hard day of work and school, it was easy to convince ourselves that delivery is a worthwhile indulgence and the expenses add up real quick. It took us a lot of introspection and telling ourselves that we were 'sacrificing' for the future, and all that to stop ordering via delivery apps and within a couple of months, we saw us being closer to managing our budget."

Drop addictive substances

Addiction is a huge and tricky challenge, for sure, and I don't want to minimize how difficult this tip might be for some. But drinking, drugs, smoking, vaping, gambling—they all cost a lot of money. And the addictive nature of them means that you'll just keep spending more and more.

via GIPHY

"Quit addictive habits: Smoking, drinking, coffee, weed, etc. They're all expensive and you'd save a bundle quitting. But people don't because they think those things make life better. Some do and some don't, but the monetary savings can't be discounted. If you're broke, don't smoke or drink. Some people truly need weed for health problems. But nobody needs the others."

"Stop drinking and smoking, the government punishes you with a sin tax and makes big time bank of your vices."

"Seems obvious but quitting smoking. I see so many people complain about being broke but spend hundreds a month on ciggs."

"Stop drinking, smoking and going out so often. You'd be surprised how good sobriety feels! Even if you continue, just slow down!"

Say no to storage

Most of us have too much stuff. There is an entire industry around trying to help people pare down and "declutter," and there's an entire industry dedicated to renting people space to store their excess stuff. Making a rule to only hold onto the belongings that actually fit in your home will save you a lot of money in storage.

"More prevalent in the US, but get rid of your storage unit and most of the stuff in it. More often than not, you're paying more to store things that it would cost to buy it all again. If you can't fit it in your home, re-evaluate if you really need it."

"There are so many huge storage unit buildings in my area and it makes no sense to me. How important can this stuff be if you can't fit it in your home? I understand there are certain situations that require for a short term solution."

"That was my goal for 2022, Took me a few Saturdays to go through everything but it was worth it. I'm having over $200 a month now."

Cook at home a lot more

Even when inflation makes grocery prices uncomfortably high, it's still almost always cheaper—often significantly so—to cook food at home compared to eating out. Yes, that even goes for fast food. There are a million videos and social media channels dedicated to cooking and recipes can be found for free all over the internet.

via GIPHY

"Cook at home 98% of the month."

"Cooking/meal prepping VS Eating out every night."

"Batch cooking saves both time and money. Like you can spend 2 hours making meals for the rest of the week. Paying 8-15 dollars to eat out adds up very, very fast, if you do it regularly, to keep up with work or personal schedules."

"Learn to cook what you like to eat."

Drive the speed limit

This isn't one people usually think about, but driving the speed limit saves you money in several ways. For one, it's gas-efficient, and with the cost of gas in some places, it's worth easing up on the gas pedal. Second, speeding tickets are expensive, plus they lead to higher insurance premiums.

via GIPHY

"For those that don't get this: driving the speed limit avoids citations but also saves you gas, extends oil life and tires some, extends brakes quite a bit, and just generally lowers the wear and tear on your vehicle."

"This is so underrated, I don’t think enough people realize the extra cost of driving fast."

"It also only gets you there maybe 1-2 min faster, at best. Hitting Traffic lights at the wrong time will ruin any gains made by speeding. And only if you don’t get caught. Get caught and get points on your license, a fee, and it delays you 20-30 minutes."

"Your car insurance rates go up when you get tickets also. Get too many, and they may drop you."

"My step-sister was saying she pays the city about $500 a month in speeding tickets and parking tickets. The real wild thing is she said it like its a normal thing everyone has to deal with, like she was shocked when we didn't say 'Well that's for you. What can ya do?'"

Fix things yourself

Many people never consider trying to fix something themselves, assuming that sort of thing is best left to the experts. But there are so many resources now with YouTube videos and such that can help walk you through a lot of fix-it projects that can save you boatloads. Not everything can be a DIY, of course, but probably more than you might think.

via GIPHY

"I've saved thousands of dollars by repairing things myself following YouTube videos. Washer, dryer, automotive stuff, cell phone screen replacements, etc."

"There is a website, repairclinic.com. They not only have tons of videos on how to fix stuff, but they also sell parts. I have a dryer that’s over 40 years old. I can’t get parts for it in regular stores. That website has been a lifesaver! I’ve been able to keep the thing going for the last decade and it works great! I’ve spent maybe $75 over the years to keep it running. Definitely cheaper than a new one."

"If you tackle things within reason it saves a butt load of money. $350 mechanic bill turns into $16 part and 1hr of your time."



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The 25-year-old money-saving 'bible' that millennials and Gen Zers absolutely need to read

This book has saved me thousands of dollars and changed my entire perspective on "frugality."

Photo by Josh Appel on Unsplash

"The Complete Tightwad Gazette" offers timeless money-saving advice.

As an Amazon Associate, Upworthy may earn proceeds from items purchased that are linked to this article, at no additional cost to you.

Let me start by saying that young adults these days absolutely do have economics stacked against them. There's no question that stagnant wages, the unaffordability of housing, outrageous college costs, post-pandemic inflation and good ol' American corporate greed have all combined to create a tough financial reality for us all, but particularly for the millennials and Gen Zers who are starting off their adult lives feeling already underwater.

If you're in that boat, allow a Gen X auntie to give you some sage advice. Absolutely, rail against the man and shake your fist at the skyscrapers and vent on TikTok if it makes you feel better. But also, none of that is going to change super soon, so you've got to own what you actually have control over, and that's managing the money that you do have (however little it may be).

When my kids were little back in the early 2000s, my husband and I were living on one not-at-all-amazing income. I had been raised quite frugally, so I was comfortable penny-pinching as needed, but I was looking for more creative ways to stretch our dollars.

I had no idea how much one book would change my entire view of saving money—or how much money it would actually save me over the years.

"The Complete Tightwad Gazette," by Amy Dacyczyn (pronounced "decision") is exactly what it sounds like—a newspaper for tightwads—only in this case "tightwad" isn't used as an insult. From 1990 to 1996, Dacyczyn published a newsletter about frugal living as a lifestyle called "The Tightwad Gazette," and this book is a compilation of her life's work.

The book offers a combination of overarching mindset shifts and specific tips for saving money on specific things. Some of the advice is outdated now ("Do I really need a computer?" is a no-brainer question in a way that it wasn't in the early 90s, for instance), but the principles underlying pretty much everything in the 959-page tome still ring true. Now that my kids are young adults with their own financial experiences, I find myself passing along a lot of Dacyczyn's frugal wisdom to them.

Here are a few of the helpful bits of wisdom it contains:

1. Pennies matter a lot more than you think.

If I told you I was going to hand you $200 in cash every year on your birthday, you'd probably be thrilled. But if I gave you three pieces of advice that each saved you 20 cents a day, would you be as excited? Probably not. But the latter would actually put more money in your pocket (the equivalent of handing you $219 on your birthday) in the long run.

Lots of small amounts add up to a large amount, and when you wrap your head around that concept, small money-saving decisions start taking on greater importance. Pennies really do add up—both positively and negatively.

2. Think of saving money as income—literally.

"A penny saved is a penny earned" is an old saying, but a useful one to help us understand the value of going out of your way to save a few cents.

Let's say your closest gas station sells gas for $4.39 a gallon. A station down the street, two minutes away, is selling it for $4.29 a gallon. To fill a 15-gallon tank would only cost $1.50 less at the second station—not even enough to buy a cup of coffee. Is that really worth your time?

Let's calculate. If you think of saving money as earning income, you're taking two minutes to "earn" $1.50. That's $0.75 a minute—translate that into an hourly income, and you've earned the equivalent of $45 an hour, simply by driving two minutes to save 10 cents a gallon. Even accounting for the gas it took to drive a few extra blocks—less than 10 cents—you still come out with a hefty hourly wage.

This "time x money saved = hourly income" equation was a life-changing perspective shift for me. If it only takes a minute or two to save a dollar, that's a solid hourly earning.

3. Use the absolute smallest amount necessary to do the job.

This is simple common sense when you say it out loud, but most of us don't live this way in reality. We use more than we need of most consumable things most of the time, simply out of habit. When you pull out that string of floss, so it wraps around your fingers four times? What if you pulled out less and only wrapped it three or two times? 

Start by cutting the consumables you use on a daily basis back by half—everything from toothpaste to dish soap to shampoo to toilet paper. We all get excited about 50% off sales, when we could easily save 50% ourselves simply by using less of the things we use all the time, with the same result. If you need to add a little back in after cutting back by half, go for it. But you might be surprised by how little you need to actually get the job done.​

The Complete Tightwad Gazette by Amy Dacyczyn

"The Complete Tightwad Gazette" by Amy Dacyczyn

Amazon

4. Do the math to determine what's actually cheap and expensive to eat.

Even with the cost of groceries being ridiculously high, cooking from scratch is, in most cases, drastically cheaper than eating out or getting takeout.

I know the old folks like to tease you about your affinity for avocado toast, but it's pretty eye-opening to compare the cost of buying something like avocado toast out and making it yourself at home. With current prices at my local grocery store, it would cost less than $1.00 to make avocado toast at home, and that's even with good bread and a generous serving of butter and yummy seasonings. Add another 30 cents, and you can slap an organic fried egg on top. We're talking $1.30 tops for super bougie breakfast toast at home.

But even within the "cooking at home" category, some meals are way, way less expensive than others. One of my favorite Tightwad Gazette investigations focused on how much various kinds of breakfasts cost per serving. Personally, I'm a huge cold cereal fan, which is bad news because it's actually one of the most expensive breakfasts you can eat. Toast and eggs is (generally) cheaper. Pancakes are even cheaper, especially if you make them from scratch and not a mix. Oatmeal is super cheap. Oatmeal bought in bulk? Even cheaper. And the differences can be significant—again, looking at my current grocery store app, a serving of Cheerios costs 300% more than a serving of quick oats.

All of those choices add up, both positively and negatively. By doing the math, figuring out per-serving costs and choosing less expensive meals, you can cut your grocery bill by a lot.

This is just barely scratching the tip of the iceberg—there are so many tips and tricks for saving both small and large amounts of money. Since the economy isn't going to be any kinder to us in the near future, learning how to make the most of what we do have is the best way to help ourselves. Find "The Complete Tightwad Gazette" here (or, in true tightwad fashion, at your local library, but it's a good one to keep on hand for reference). Highly, highly recommend.

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