Living a frugal life in a high cost of living area isn't impossible, it's actually a necessity. Here are 10 frugal hacks for high cost of living areas.




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Chapters

00:00 Start Here
00:54 Live In A Central Location…Even If It’s (Slightly) More Expensive
02:10 Concentrate Fun Spending On The Weekends And With Others
03:22 Do Things, But Don’t Go All Out
04:29 Embrace Free Things Going On
05:09 Always Leave Your House With A Full Stomach And A Water Bottle
05:48 Buy More Experiences And Less Stuff
06:22 Find The Cheaper Options
07:15 Don’t Become A Yuppie
08:16 Get The Cheaper Things When You Leave Your Area
09:05 Track And Stay On Top of Your Expenses


It is not only possible to be frugal in a high cost of living area, but it is a necessity. Unless you are making a huge amount of money, in order to survive a high cost of living area you must develop frugal habits. In this video, I share 10 frugal living hacks for high cost of living areas.

1. Live In A Central Location…Even If It’s (Slightly) More Expensive

A huge thing that drives up the cost of living is car ownership. When you live in a car dependent area, you spend more money on parking, gas, and wear and tear. One frugal living hack is to choose to live in an area that is in a central location where you do not have to depend on a car. Even if it's slightly more expensive, if you can walk more, you can save a lot of money.

2. Concentrate Fun Spending On The Weekends And With Others

We often spend money throughout the week on things like eating out, coffee, and convenience, but if you save your money throughout the week on those things, you will have more money to spend on fun things on the weekends without going over budget.

3. Do Things, But Don’t Go All Out

Being frugal is simply about being intentional. When you live in a high cost of living area, there are more things to spend your money on. If you are just intentional with your spending and go the frugal route and find the cheaper options, you can save money while still enjoying things.

4. Embrace Free Things Going On

Generally, high cost of living areas are more dense, which means that there is more free stuff going on. If you embrace free things going on throughout the area, you can fill you day without spending too much.

5. Always Leave Your House With A Full Stomach And A Water Bottle

Being frugal is about making sure you don't spend money when you don't have to. One simple hack is simply whenever you leave your house, make sure you have a full stomach and a water bottle. This can allow you to seek convenience and spend money on these things.

6. Buy More Experiences And Less Stuff

For most people on normal salaries, you have to prioritize what you want in life. I believe in spending more money on experiences and less on stuff. If you make that compromise, you can avoid going over budget.

7. Find The Cheaper Options

Many people think that what makes an area expensive is simply rent; however, other huge factors are where you shop, eat, and do activities. Cheaper alternatives are around and if you do research you can find cheaper options to save money.

8. Don’t Become A Yuppie

A Yuppie is a young urban professional that is often very materialistic and keeps up with the latest trends. In high cost of living areas, there are many Yuppies. Avoid becoming a Yuppie in order to save money.

9. Get The Cheaper Things When You Leave Your Area

Oftentimes when you live in a high cost of living area, prices are inflated like gas. Whenever you leave your area, run your errands to get the cheaper options.

10. Track And Stay On Top of Your Expenses

When you live in a high cost of living area, it is very easy to overspend and go over budget. It is important to track and stay on top of all your expenses on a spreadsheet in order to not go over budget.

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