
Rather than going through the various normal frugal processes such as coupon clipping and bargain hunting how about you look at it another way? How about you instead look at your bottom line and just try to shave off 1%? If you cut 1% of your spending annually for several years the cost savings will add up big time.
I arbitrarily picked 1% for a goal because it is a fairly practical number to shoot for. I think that most of us could find 1% to cut off our spending fairly easily if we tried. Of course you don't want to limit yourself to 1% of easy savings if theres more to be had. For the first year you might easily find 2% or 3% or 5% of savings. In subsequent years however you may have a harder time finding easy ways to quickly cut your spending and then finding 1% to cut might be a bigger challenge.
When you go about cutting your spending I'd follow this basic process:
Categorize at all your spending such as housing, gasoline, car insurance, groceries, eating out, clothes, etc. Then sort the list of categories by the amount spent per year and see what you spend the most on. Consider each topic and prioritize what is most important for you and what you don't care too much about. Focus cost cutting in the items that you consider lower priority items but which are most expensive.
If you need ideas on how to save money you can find lists such as : When Times are Tight: 168 Frugal Tips to Make Your Dollar Stretch