15 Extreme Cheapskate Ideas You Should Use

Are you ready to take your saving skills to the next level? Extreme cheapskate ideas might sound a little out there, but they’re also incredibly effective for slashing expenses and freeing up your hard-earned money. Whether you’re trying to pay off debt, build up savings, or just live more frugally, these strategies can help you make it happen. From cutting everyday costs to rethinking how you live, extreme cheapskates have mastered the art of living well on less.

Sure, some of these ideas might seem unconventional, but that’s the point! They challenge the status quo and push you to think outside the box. You don’t have to use every tip, but even trying a few can add up to big savings. Ready to embrace your inner cheapskate? Let’s dive into 15 extreme yet practical ideas that can help you save money like never before.

1. Cutting Your Own Hair at Home

If you’re spending money on haircuts, you’re throwing away cash every few weeks. Why not learn to cut your own hair and keep that money in your pocket? With a little practice and some YouTube tutorials, you can master the basics of trimming your ends, buzzing your hair, or even creating a layered look. Sure, it might feel intimidating at first, but the savings are worth it. Imagine paying $0 for a haircut instead of $20, $50, or more each visit.

You don’t even need fancy tools to start. A pair of sharp scissors, a comb, and a steady hand can go a long way. If you want to get a little more professional, investing in clippers or a cutting kit is a one-time cost that pays for itself after one or two uses. Plus, cutting your hair at home means no need to drive to the salon or schedule appointments. You’re in full control, and if you mess up, well, hats exist for a reason!

Think of it as a fun experiment, and if you have family or roommates, it could even turn into a money-saving group effort. Kids, especially, often don’t mind a quick at-home cut, and you’ll save a fortune over the years. Worst case? You find it’s not your thing and decide to go back to the salon. Best case? You just gave yourself a free haircut and discovered a skill that will save you hundreds, if not thousands, in the long run.

2. Dumpster Diving for Free Goods

Okay, this one might sound a little “out there,” but hear me out—dumpster diving can actually be a goldmine for extreme cheapskates. People throw away perfectly good items every day, from furniture to unopened food, and all it takes is a little courage to dive in (sometimes literally). Grocery stores, for example, toss out tons of products just because they’re close to their expiration date or have minor packaging damage. That doesn’t mean the food is bad—it’s just not “sellable” by retail standards.

The key to successful dumpster diving is knowing where and when to go. Focus on areas like college dorms during move-out season or upscale neighborhoods where people toss high-quality furniture and home goods they simply don’t want anymore. Always bring gloves, a flashlight, and a sense of adventure! If you’re worried about hygiene, remember you can clean, sanitize, or refurbish most of what you find. And hey, you’re saving these items from the landfill while saving yourself money. Win-win, right?

Of course, there’s a bit of a stigma around dumpster diving, but who cares? The people judging you aren’t the ones paying your bills. Plus, you’d be amazed at what you can find—brand-new clothes with tags, unused appliances, or even high-end beauty products. The savings can be substantial, and there’s a certain thrill in scoring something valuable for absolutely nothing. Try it once, and you might just get hooked!

3. Making Your Own Laundry Detergent

Do you know how much you’re spending on laundry detergent every year? Spoiler alert: it’s more than you need to. Making your own detergent is one of the easiest ways to save money, and it’s surprisingly simple to do. With just a few basic ingredients like washing soda, borax, and soap, you can whip up a year’s supply for the cost of one store-bought bottle. It’s not only cheaper, but it’s also free from the harsh chemicals often found in commercial detergents.

The process is quick and satisfying. Grate a bar of soap, mix it with the other ingredients, and voila! You’ve got homemade detergent that works just as well—if not better—than the name brands. You can even customize the scent by adding a few drops of essential oils like lavender or lemon. For pennies per load, your laundry will come out just as fresh and clean as ever. Plus, you’ll feel like a DIY superstar every time you toss in a load.

Not convinced? Think about all the packaging you’ll save, too. Those giant plastic detergent bottles add up in both cost and environmental impact. By going homemade, you’re saving money and doing your part to cut down on waste. It’s a small change that makes a big difference for your wallet and the planet. Why not give it a shot?

4. Reusing Disposable Items

Most of us throw away things like paper towels, plastic bags, and aluminum foil without a second thought. But what if you didn’t? Reusing these so-called “disposables” can save you a surprising amount of money over time. For instance, instead of tossing a zip-lock bag after one use, wash it out and reuse it. It’s a little extra effort, sure, but it’s better than spending money on new ones every month.

Paper towels are another big culprit. Switch to using cloth towels or rags for most spills and cleaning tasks. If you do use paper towels, let them dry out after light use (like drying your hands) and use them again. Aluminum foil can be wiped clean and reused multiple times before it’s truly ready for the trash. These small changes might seem insignificant, but they add up in a big way when it comes to cutting costs.

Think of it like a mindset shift. Instead of viewing these items as disposable, start seeing them as reusable tools. Not only are you saving money, but you’re also reducing waste, which is great for the environment. It’s a double win—less money spent and less garbage created. Who knew being a cheapskate could feel so responsible?

5. Using Family Cloth Instead of Toilet Paper

This one is definitely for the bold, but it’s gaining traction among extreme savers. Family cloth is a reusable alternative to toilet paper that involves using washable fabric squares instead of disposable rolls. It might sound shocking at first, but think about it: people have lived without TP for centuries, and modern family cloth is designed to be soft, effective, and easy to clean. Plus, you’ll never have to worry about running out of toilet paper again!

The process is simple. You can use old flannel sheets or buy pre-made cloth wipes online. Keep a designated basket for clean cloths and another for used ones. After use, toss them into a small, lidded bin or wet bag, and wash them with your regular laundry. If you’re grossed out by the idea, remember that cloth diapers are a similar concept—and millions of parents use them without a second thought.

Switching to family cloth can save hundreds of dollars a year, especially if you live in a household that goes through TP quickly. It’s a drastic change, sure, but once you get over the initial adjustment, it becomes just another part of your routine. Think of the money you’ll save and the trees you’ll spare, and it might not seem so extreme after all!

6. Unplugging Appliances When Not in Use

Did you know your appliances and electronics suck up energy even when they’re turned off? It’s called “phantom energy,” and it can cost you hundreds of dollars a year. The solution? Unplug anything you’re not actively using. It’s one of the simplest and most effective ways to cut your electricity bill without making major lifestyle changes.

Start by unplugging obvious items like chargers, toasters, and gaming consoles when they’re not in use. Even things like TVs and microwaves have standby modes that drain power 24/7. If you want to go all-in, use power strips to make it easier to disconnect multiple devices at once. Flip a single switch, and you’re done!

Sure, it might feel like a hassle at first, but once it becomes a habit, you won’t even think about it. Plus, the savings will motivate you to keep going. Every dollar saved on your electric bill is a dollar you can put toward something more meaningful—or keep in your pocket. Extreme? Maybe. Effective? Absolutely.

7. Living Without a Car

For many people, owning a car is non-negotiable. But if you’re serious about saving money, ditching your car could be one of the most impactful decisions you make. Between gas, insurance, maintenance, and registration fees, cars are a money pit. Walking, biking, and using public transportation are cheaper, healthier, and often just as convenient in the long run.

Start small by cutting back on your car usage. Can you bike to the grocery store or take public transit to work? If you live in a walkable area, you might not even need a car at all. For longer trips, consider carpooling or using ride-sharing services. When you add up the costs, even occasional Uber rides are often cheaper than car ownership.

Yes, giving up your car is a big lifestyle change, but it’s also incredibly freeing. No more worrying about gas prices, parking tickets, or costly repairs. Plus, walking or biking everywhere can do wonders for your health and fitness. It’s not for everyone, but for extreme cheapskates, living car-free is a game-changer.

8. Bartering for Goods and Services

Who says money has to be the only way to get what you need? Bartering—trading your skills or items for someone else’s—can be a fantastic way to save money while building a sense of community. Whether it’s offering babysitting in exchange for car repairs or trading your homemade jams for someone else’s fresh veggies, bartering opens up a world of possibilities.

Start by thinking about what you have to offer. Are you good at fixing things, cooking, or tutoring? Then look for people who might need those skills and have something to trade in return. Local Facebook groups, community boards, or even your own circle of friends are great places to start.

Bartering isn’t just about saving money—it’s about creating connections. It’s a throwback to simpler times when people relied on each other rather than their wallets. And honestly, there’s something satisfying about swapping your talents for something tangible. It’s a win-win situation that can save you money and make life a little more rewarding.

9. Harvesting Rainwater for Everyday Use

Why pay for water when it falls from the sky for free? Harvesting rainwater is an extreme yet brilliant way to slash your water bill. All you need is a rain barrel, a spout, and a little creativity to make the most of nature’s gift. Use it for watering plants, washing your car, or even flushing toilets—every drop saved equals dollars in your pocket.

Setting up a rainwater collection system is easier than you think. You can buy a pre-made barrel or DIY one with a large container and some basic plumbing supplies. Place it under your roof’s downspout, and you’re ready to collect gallons of fresh water every time it rains. For added convenience, you can attach a hose or faucet to the barrel for easy access.

Rainwater harvesting is eco-friendly, too. You’re not just saving money; you’re conserving a valuable resource and reducing your environmental impact. It’s a win all around. Once you see how much water you can collect and use for free, you’ll wonder why you didn’t start sooner.

10. Repurposing Food Scraps

Think twice before tossing those vegetable peels, coffee grounds, or stale bread—they’re more useful than you think. Repurposing food scraps is an extreme cheapskate move that can save you money and reduce waste. Turn leftover bones into broth, fruit peels into homemade cleaners, or even use veggie scraps to grow new plants.

For example, instead of throwing away potato peels or onion skins, collect them in a freezer bag. Once you’ve got enough, boil them down to make a nutrient-rich broth. Coffee grounds? Use them as fertilizer for your garden or as a natural exfoliant in your skincare routine. Even stale bread can become croutons, breadcrumbs, or a base for bread pudding.

This practice isn’t just about saving money—it’s about adopting a waste-not, want-not mindset. You’ll feel good knowing you’re making the most of every penny spent on groceries. Plus, you’ll get creative in the kitchen, turning what once seemed like trash into treasure.

11. Living with Minimal Heat or Air Conditioning

Heating and cooling bills can eat up a huge chunk of your budget, but there’s a way to fight back—by living with minimal heat or air conditioning. This strategy requires some adjustment, but the savings are worth it. Layer up in the winter, break out the fans in the summer, and embrace the art of toughing it out.

During colder months, invest in cozy blankets, thermal curtains, and draft stoppers to keep your home warm without cranking up the thermostat. You can even heat specific spaces with a small space heater rather than heating your entire home. In the summer, focus on airflow by using fans, opening windows, and shading your house with blackout curtains during the hottest parts of the day.

It might sound extreme, but this approach can cut your energy bill in half or more. And over time, your body will adapt to the changes, making it easier to endure the seasons without relying on expensive utilities. It’s a small sacrifice for a big financial reward.

12. DIY Everything: From Furniture to Clothing

Why buy when you can DIY? Extreme cheapskates know that making things yourself isn’t just a way to save money—it’s also an opportunity to unleash your creativity. From building furniture out of pallets to sewing your own clothes, DIY projects can significantly cut costs while giving you unique, personalized results.

Start with simple projects, like turning an old ladder into a bookshelf or repurposing mason jars as storage containers. Once you gain confidence, you can tackle bigger tasks, like making a headboard from reclaimed wood or even sewing curtains. The internet is filled with tutorials and inspiration for just about anything you’d want to create.

DIY-ing everything not only saves you money but also gives you a sense of pride and accomplishment. Plus, it’s a great way to upcycle items you already have, turning trash into treasure. And who doesn’t love bragging about a cool project you made for a fraction of the cost?

13. Embracing a Zero-Waste Kitchen

A zero-waste kitchen isn’t just for eco-enthusiasts—it’s also a money-saving haven. The goal is simple: eliminate waste by using every part of the food you buy and avoiding unnecessary packaging. Shop in bulk, store leftovers properly, and plan meals around what you already have to stretch your grocery budget further than ever.

Start by switching to reusable storage options like glass jars or silicone bags instead of disposable plastic. When you shop, bring your own containers to buy dry goods, spices, or even fresh produce in bulk. Meal planning is another key to zero-waste success—get creative with leftovers or batch-cook meals to minimize spoilage.

Not only will you save money, but you’ll also cut down on the amount of trash you produce. It’s a win-win for your wallet and the environment. Over time, you’ll notice that your grocery bills shrink, your trash cans stay emptier, and your home feels more organized and intentional.

14. Sharing Housing to Cut Living Costs

Housing is one of the biggest expenses for most people, so why not split the cost? Sharing your living space with roommates, family, or even strangers is an extreme cheapskate move that can drastically reduce your monthly bills. Whether it’s renting out a spare room or moving in with others, co-living could be your ticket to financial freedom.

If you already have your own place, consider renting out a room through platforms like Airbnb or to a long-term tenant. This income can cover part—or even all—of your housing costs. On the flip side, if you’re looking to save big, consider moving in with family or finding roommates to share the rent and utilities. It might mean giving up some personal space, but the financial benefits are hard to ignore.

The key to making shared housing work is clear communication. Set boundaries, establish rules, and be upfront about expectations. It might not be a forever solution, but it’s an excellent way to save thousands of dollars a year while you work toward bigger financial goals.

15. Using Free Entertainment Only

Who needs expensive movie nights, concerts, or amusement parks when there’s a world of free entertainment waiting for you? Embracing no-cost activities is a cornerstone of extreme cheapskate living. Libraries, parks, community events, and free streaming services are just the tip of the iceberg when it comes to having fun without spending a dime.

Start with your local library—it’s not just for books! Many libraries offer free access to movies, music, workshops, and even passes to local attractions. Parks are another fantastic resource, offering everything from hiking trails to free concerts and festivals. Even a picnic or a game night at home can be just as enjoyable as going out, minus the hefty price tag.

The beauty of free entertainment is that it forces you to get creative and appreciate the simpler things in life. You’ll discover hidden gems in your community, spend more quality time with loved ones, and stop feeling the pressure to keep up with costly trends. Best of all? You’ll have just as much fun while keeping your wallet firmly closed.

Living as an extreme cheapskate isn’t just about pinching pennies—it’s about rethinking what you really need and finding creative ways to meet your goals. While some of these ideas might seem radical, they’re proof that saving money doesn’t have to mean sacrificing your quality of life. In fact, many of these tips can lead to a more sustainable, fulfilling, and financially secure lifestyle.

The best part? You don’t have to adopt all 15 ideas to see results. Start with one or two, and as you get more comfortable, experiment with others. Saving money is a journey, not a sprint, and every little bit helps. Who knows? You might even enjoy the challenge of finding new ways to cut costs and simplify your life.

So, which of these extreme cheapskate ideas will you try first? Whatever you choose, remember that small changes can lead to big rewards—and that living cheaply doesn’t mean you can’t thrive. You’ve got this!

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