Great article with some very practical tips from Go Frugal.

10 Ways to Save Money Every Day

Times are hard. Many people have lost their jobs. Many more will lose their jobs before the green shoots turn into sustained economic recovery. And many more of us live in dread that current economic conditions might catch up with them.

Now is the time to learn the art of frugal living.

This is not about living a miserable life. It is about how to spend and shop sensibly. It is about cutting out waste. It is about looking after the pennies to look after the pounds.

Here are my top ten tips to start frugal living.

1. Start collecting small coins. Deposit all your change in a big jar and by the end of the year you’ll be surprised at how much you end up with.

2. Stop buying fancy coffee from Starbucks. Buy a small thermos flask and make it yourself. $4 day a spent on a frothy cup of coffee is $20 a week, over $1,000 a year.

3. Do your supermarket shopping at end of week just before closing time. You will be amazed how much prices are reduced as `sell by dates` expire. The food is still ok to eat but you have saved money.

4. Go through your bank statements and check out all your regular payments and subscriptions. Are you still paying for stuff you no longer need? Are you paying for satellite channels you no longer watch?

5. Switch off all your power appliances at the wall before going to bed at night. Many electrical items still use electricity even when off but still connected at the wall. Do you really need to use both the oven and microwave as a clock?

6. If you like reading, stop buying books even if you think you`re saving money by buying all your books online. Instead make full use of your local library. Its free, you can have as many books as you like and you can also order any book you want to read.

7. Stop buying newspapers, you can probably read it online for free.

8. Cut out the gym subscription. You don`t need to pay money to stay in shape. Resolve instead to go for a walk or take up running and if you have a bike get out on it.

9. Go online and make sure you are getting the best possible deal on your finances including your savings, your credit card and insurance. Check out too how much you are paying for things like broadband, phone, gas and electricity. And when you see a better deal, switch.

10. To reduce fuel bills, insulation sheets behind radiators will reflect the heat into the room; turn the heating on and off by hand rather than by timer or thermostat. And wear more layers.

And if you really want to embrace frugal living big time, you could try buying some 2 man tents and moving in. Second hand of course.