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As the cost of living continues to climb, a significant number of Americans are seeking effective ways to manage their finances. A recent study by BestMoney reveals that an impressive 83% of Americans now identify as frugal, reflecting a growing trend toward prudent financial habits. The study identifies key areas where consumers are cutting back, including clothing (63%), entertainment and subscriptions (60%), groceries (60%), dining out or takeout (58%), and household supplies (53%). These adjustments indicate how U.S. households are navigating tighter budgets.
Top Money-Saving Habits in 2026
According to the findings, various frugal habits are gaining popularity among Americans this year. Here are the top methods driving savings:
- Buying store-brand or generic products (95%)
- Utilizing coupons, promo codes, or price matching (88%)
- Using cash-back apps or credit cards (83%)
- Canceling or pausing subscriptions (71%)
- DIY repairing or maintenance (70%)
While these simple choices can lead to substantial savings, not all frugal habits yield equal returns.
Effective Frugal Strategies for Maximizing Savings
When it comes to saving money, certain frugal habits have proven to be more effective than others. Yoni Cohen, senior editor at BestMoney, emphasizes that sustainable changes in lifestyle often lead to the most significant financial benefits.
He shares that opting for generic products, leveraging coupons, and utilizing cash-back opportunities can yield excellent results. “Eliminating unused streaming services or subscriptions is also a straightforward way to cut costs,” says Cohen. Interestingly, 67% of survey participants have already taken this step this year. Additionally, focusing on cooking at home instead of ordering takeout can lead to substantial savings, with 69% of respondents making an effort to prepare meals at home.
The Power of Combining Multiple Frugal Habits
While some saving methods may be category-specific, the effectiveness of frugal habits tends to overlap. Cohen notes that stacking certain tactics can enhance savings significantly. For instance, when shopping for clothes, combining promo codes and cash-back card use can maximize benefits. The same principle applies to grocery shopping.
“Stacking coupons, choosing store-brand products, enrolling in grocery store rewards programs, and utilizing price matching are all proven strategies to reduce grocery bills,” Cohen explains. The more frugal habits you implement, the quicker and more substantial your savings will accumulate.
Conclusion
With inflation impacting households nationwide, adopting frugal habits has emerged as an essential strategy for many Americans. Those looking to stretch their budgets further should consider embracing these practical and proven saving methods. By making informed decisions and combining various strategies, individuals can effectively navigate these financial challenges.
For more financial tips, check out the related articles and resources available to enhance your money management skills in this challenging economic landscape.
