10 Frugal Trends That Will Impact You in 2025
"Chapters
00:00 Start Here
00:37 The Tipping Point on Groceries
01:54 Targeted Couponing
04:44 Denser Living
06:05 Increased Usage of Public Spaces
07:18 The Decline of Eating Out
08:04 The Decline of Streaming Services
09:20 The Decline of Upgrading Culture
10:14 Group Vacation Cost Sharing
11:07 No Spend Challenges
11:58 Young People Embracing Frugality
2024 is coming to an end and this past year we have see the price of essentials continue to rise, good jobs becoming harder to find, and the American Dream becoming more out of reach for people. In 2025, we will see many trends that embrace living a more frugal life of saving money and being more intentional. In this video, I share 10 of those trends.
1. The Tipping Point on Groceries
One thing that has really affected people's budgets over the last few years is the price of groceries. Groceries have gotten so expensive lately that people are starting to be more intentional with what they buy. Many products, I believe, are reaching a tipping point where consumers are deciding to stop buying certain products all together.
2. Targeted Couponing
Targeted couponing is a practice used by grocery stores in order to get you to become a more loyal customer. By using grocery store cards, they will collect information on what products you buy and target specific coupons to you that might be more relevant.
3. Denser Living
In the United States there is a shortage of housing and in response there has been a construction boom. If you have been paying attention, many homes now are being build closer together and closer to commercial and public spaces. This dense living will allow people to save money by not being as dependent on cars and have more to enjoy close by.
4. Increased Usage of Public Spaces
In the past few years, public spaces have improved and people are going to public spaces more. This is beneficial for many people's wallets because public spaces are completely free. In 2025, we will see more people using public spaces for entertainment.
5. The Decline of Eating Out
The cost of a meal at a restaurant has gotten to about $20, which is becoming the tipping point for many consumers where they have decided to stop eating out. In 2025, we will see more people cooking at home and bringing food to work in order to save money.
6. The Decline of Streaming Services
Another industry we will see decline this year is the streaming industry. Streaming used to be a cheaper option to cable TV; however, nowadays you need to subscribe to so many streaming services that it is becoming more than the price cable was. In 2025, many people will start to unsubscribe to streaming services in order to save money.
7. The Decline of Upgrading Culture
Over the last decade or so, tech companies have created this culture of upgrading things every year when the newest version comes out. People are starting to no longer follow these trends because it is expensive and not much changes between versions anymore.
8. Group Vacation Cost Sharing
Group vacation cost sharing is when a group of friends or family get together to go on a vacation, rent a house, and split the cost in order to save money.
9. No Spend Challenges
No spend challenges are when you set aside a specific amount of time to not buy unnecessary items. The benefits of this are it allows you to save money, reset financial habits, and pay down debt. At the beginning of 2025, we will see many no spend challenges.
10. Young People Embracing Frugality
Since social media has become popular and influenced people's lives, we have seen this hyper level of consumerism; however, more recently we are seeing trends about consuming less and living a more frugal life like underconsumption core. In 2025, we will see more young people embrace a frugal lifestyle."