Warren Buffett’s 7 Rules for Saving Money on Everyday Expenses Without Sacrificing Comfort
Warren Buffett’s 7 Rules for Saving Money on Everyday Expenses Without Sacrificing Comfort
Jennifer Taylor Tue, October 14, 2025 GOBankingRates
When it comes to spending, Warren Buffett isn’t your average billionaire. Instead of buying anything he wants, the Berkshire Hathaway CEO still values his dollar.
In fact, his money-saving philosophies are so down-to-earth, the average person could benefit from them. Here’s a look at seven of Buffett’s rules for saving money on everyday expenses, while still getting everything you need.
Focus on Value
Despite his wealth, Buffett doesn’t care about designer names. For example, instead of buying new cars, he’s been known to purchase slightly damaged vehicles and have them repaired for less than the cost of buying a new vehicle.
You can apply this philosophy to any standard expense by seeking out well-made products with the features you need. This might mean focusing on store-brand products instead of their name-brand counterparts. Regardless, focusing on value ensures you’re stretching your dollar as far as you can in the right direction.
Get Creative
When Buffett’s first child was born, he converted a dresser drawer into a bassinet to save the cost of buying one. This creative mindset can apply to everyday expenses, as well.
For example, if you’re redecorating your living room, you might search for items on local “Buy Nothing” groups and Facebook Marketplace. This can allow you to fill your space for free, or at a low price, instead of paying top-dollar for all new items at a store.
Seek Quality Over Quantity
There’s a difference between buying cheap and scoring a bargain. For example, in his 1989 letter to Berkshire Hathaway shareholders, Buffett wrote, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Keep this in mind when shopping. An item might have the best price, but if it’s low quality, it’s better to pay more for a product that’s actually worth your money.
Clip Coupons
Even Buffett clips coupons. In his and now-ex-wife Melinda’s 2017 annual letter, Bill Gates shared a story about not paying full price when dining with his fellow billionaire friend. “Remember the laugh we had when we traveled together to Hong Kong and decided to get lunch at McDonald’s? You offered to pay, dug into your pocket, and pulled out … coupons!”
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