11 Savvy Money Moves Frugal People Make to Save Big

In today's economy, many people are struggling to get by, but in any financial climate, we can make our financial situations better in small ways every day. 

Frugal folks know that if you make a few simple money moves, you can enjoy big savings over time. These little lifestyle changes can help you reduce financial stress and provide some much-needed breathing room.

Late fees make your bills more expensive. Paying your bills on time, every time eliminates this scourge.

Many companies offer autopsy, which deducts payments automatically from your bank account of choice. Assuming you have the funds, this ensures you'll never be late paying a bill again.

If you prefer to pay bills manually, you can set reminders a few days before each bill's due date.

Walking through the aisles in a grocery store exposes you to hundreds (or even thousands) of products. Purchasing something simply because it looks good or solely because it's on sale won't help you save money.

Making a shopping list before you go to the store can keep you focused on what you need. When you stick to the list and don't fall victim to impulse buys, you can save on groceries

Frugal people shop around to get the best price on everything, including insurance. This is a recurring cost that you pay at least once a year, so any savings you find here can add up over time.

When you've been with an insurance company for a while, it's easy to renew the policy without a second thought. But if you compare car insurance rates, for example, you might find that you could be saving more elsewhere.

Carrying a balance from month to month on a high-interest credit card increases the cost of every item you buy with that plastic.

If you can't pay off your account balance in full every month, you should limit or temporarily cease credit card purchases.

Some cards offer appealing low-interest or no-interest terms for a short period but switch to a much higher interest rate later. Be sure to read the small print before applying.

Pro tip: Switching to one of the best cash back credit cards for frequent credit card purchases can help you save by putting money back in your pocket whenever you spend.

Clipping coupons is a great way to save money — as long as the extra savings don't tempt you to buy items you wouldn't normally purchase.

Some retailers offer free rewards programs that allow you to save money or earn free items. You typically need just a few minutes to sign up for these programs, and the savings can be significant.

You can rent movies or purchase books, but checking them out for free from your local library prevents you from spending any money in the first place.

If you like to watch movies or read books more than once, they'll be waiting for you to check them out again in the future.

If you have an expensive item on your wish list, try to save money by waiting for it to go on sale. For example, many retailers run sales just before or after holidays.

To save money on groceries, consider buying in bulk. Most times, larger packages cost less per serving size. Just don't forget to repackage and freeze perishables you don't use right away so you avoid having to throw them away.

Long-term financial goals encourage you to look beyond this week or month and even help you to stop living paycheck to paycheck.

Keeping your long-term goals in mind when managing money will help you make better financial decisions every day.

Eating out is expensive, and that cost goes beyond restaurants. Even stopping at a convenience store regularly for a candy bar or bottle of soda adds to your costs over time. 

To make matters worse, these items are typically marked up at much higher prices in a convenience store than you would pay at the grocery store.

Save yourself from overpaying by taking a snack or drink from home when you're on the go. Packing a lunch rather than buying it on your break will also save you money.

Running errands multiple times a week causes you to waste gas, especially when the destinations aren't close to home.

So consider grouping your shopping trips together. You can also complete your errands when you're already out for other scheduled appointments or on your way home from work.

Also, if you aren't already keeping track of your gasoline usage, give it a try. You might discover the cost of this expense is more than you thought.

Purchasing pre-packaged snacks or meals can be costly. Cooking from scratch and portioning your own snacks might take a little more time, but it can be more cost-effective. It's often much better for your health too.

Frugal living can take a little getting used to, but even small changes in how you spend money can boost your bank account and your financial well-being.

Following just one or two of the tips on this list could improve your financial picture. Tracking your spending so you can see how much you're saving will also help keep you motivated and on track.