How frugal are you? We audited ourselves against 70 frugal tips (Free Printable)

Our family is pretty frugal, and during the last year I believe we’ve cut our expenses significantly in response to the global uncertainty. That said I always believe there is room for improvement so I audited our household against 70 tips to cut expenses, save money and live a thrifty life.

Canstar being the legends they are recently produced the following article which I started reading ‘Frugal Living: 70 tips to cut expenses, save money and live a thrifty life’. Instead of just simply reading the article which you need to read I decided to do an audit to see if there were any areas that my family could improve upon.

If you want to do this audit on your own individual circumstances I’ve created a free printable below for you to try it for yourself

A screenshot of the free printable ‘How Frugal Are You?’

These are our results from doing the audit:

These are our results from doing the audit:

Frugal TipImplementedNeeds improvement
Spending Diary or Regular Expense Tracking
Write down your goals
Make Savings Fun
(Visual Tracking or Savings Challenges)
Self-awareness of emotional spending and avoidance of triggers
This is a constant battle
Join an online community (eg Facebook or Instagram community like She’s on the Money)
Start a coin jar
Shop at a physical supermarket
One shop, once a week
Use a shopping list app
Meal prep like a pro
Make use of leftovers
Use your own coffee machine
Swap meat for veg regularly
Buy frozen veggies
Never go grocery shopping on an empty stomach
Buy generic brand versions where possible
Pay bills on time to avoid late fees
Monitor your bank balance
Audit your bank accounts to see if you are paying fees
Check how much interest you are paying on your credit cardN/A
Phone your bank and ask them for a discount on your home loan interest rate
Shop around for your car insurance regularly
Review your health insurance regularly
Review your personal insurance regularly
Review your superannuation fund
Track down lost money in bank accounts
Review your telecommunications contracts
In the last 6 months
Seek cheaper ways to connect internationallyN/A
Avoid streaming on your phone using mobile data
Review your electricity and gas use regularly
In the last 6 months
Pay yourself first (your savings / investments etc)
Use ‘Rounding Up’ programs
I do mine manually
Get your bills online
Get discounts on petrol
I could be better
Get bonus interest on your savings account
Organise your tax receipts
Check your family is registered for the Medicare Safety Net
Keep things in working order
Fix it yourself
Buy clothes that don’t need dry cleaning
I cannot remember the last time I needed dry cleaning
Make your own greeting cards
Start doing Secret Santa for Christmas
Check your calendar to save money on gifts (Plan ahead)
Delay gratification: Follow the 10 second rule
Delete stored debit / credit card numbers
Calculate the value of your impulse buys in hours of work
Use your local library (including online libraries such as the Libby app)
Make your own cleaning products
Look for coupons or cashback opportunities
Consider joining a customer rewards program
Shop out of season
Reuse, reuse, reuse
Rationalise your subscription services
Price match where possible
We need to do this more
Shared expenses: use splitting and repayment toolsN/A
Use air conditioning more efficiently
Get your head out of the fridge
The kids need improvement
Save on electricity and air dry clothes
We are mostly good at this
Freeze uneaten food
Save on water costs by using water savings techniques (timed showers, water saving shower heads etc)
Participate in free online surveys for cash
Take your reusable bags to the supermarket
Collect and cash in (Bottle Deposit Schemes)
Check your payslip
Grow your own veggies / produce
Propagate your own plants
Learn for free
I need to do some more research on this
Ditch expensive printers
We’ve compared ours and its one of the cheapest out there
Know your refund rights
Get help from a financial counsellor if you need itN/A
Table – 70 tips to reduce your expenses

The Verdict:

So we have successfully implemented 60 out of 70 of the Frugal Tips recommended by Canstar. In the next few weeks I’m going to work on some of our improvement areas and:

  • Start a coin jar
  • Meal prep
  • Check to see if we have any missing money
  • Consistently use petrol apps and discounts
  • Trial Secret Santa this year
  • Be a little more organised with gift giving
  • Calculate the ‘real’ cost of splurge items in relation to work hours
  • Take advantage of price matching more
  • Put more effort into drying clothes naturally
  • Find out about free study options

Overall this audit has been a really great way to check in and find a few areas to improve upon (and it didn’t take long at all). I highly recommend doing the same and the link to free printable is below:

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