{"id":30006,"date":"2025-07-29T13:01:16","date_gmt":"2025-07-29T13:01:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/30006\/"},"modified":"2025-07-29T13:01:16","modified_gmt":"2025-07-29T13:01:16","slug":"5-frugal-habits-of-mark-cuban","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/30006\/","title":{"rendered":"5 Frugal Habits of Mark Cuban"},"content":{"rendered":"

Before Mark Cuban was a billionaire with an estimated net worth<\/a> of about $6 billion, he was a penny pincher.<\/p>\n

The \u201cShark Tank\u201d investor still embraces frugal habits to save money<\/a>, like driving inexpensive cars and utilizing grocery shopping hacks. And while these habits are now by design, not necessity, it doesn\u2019t mean you shouldn\u2019t take note when trying to build your own wealth.<\/p>\n

Read Next: Mark Cuban Tells Americans To Stock Up on Consumables as Trump\u2019s Tariffs Hit \u2014 Here\u2019s What To Buy<\/a><\/p>\n

Try This: How Much Money Is Needed To Be Considered Middle Class in Your State?<\/a><\/p>\n

If you are hoping to finally start bulking up your savings account and setting yourself up for the long term, then maybe some money-saving tips couldn\u2019t hurt. Here\u2019s a look back at five of Cuban\u2019s most memorable frugal habits and how they helped him grow his wealth<\/a>.<\/p>\n

Frugal Habit 1: Owning Cheap Cars<\/p>\n

Up until age 25, Cuban owned and drove cheap cars<\/a>. And we\u2019re talking dirt-cheap vehicles. He has said that none of these cars cost more than $200. One of them, a 1977 Fiat X1\/9, even had a hole in the floorboard according to his Blog Maverick<\/a> blog.<\/p>\n

Cuban\u2019s decision to drive inexpensive cars was made to save money so he could focus on being able to retire. Early in his career, he read \u201cCashing in on the American Dream: How to Retire at 35\u201d by Paul Terhorst. The premise said you could retire if you found ways to live on just $50 a day and if you were disciplined in the ways you spent and saved your money.<\/p>\n

For You: Suze Orman\u2019s Top Tip for Building Wealth Is a \u2018Very Easy One\u2019<\/a><\/p>\n

Frugal Habit 2: Having Roommates<\/p>\n

Early in his career, one of Cuban\u2019s key frugality moves was living like a student. When he was 24, he lived in a three-bedroom apartment in Dallas with five other roommates.<\/p>\n

\u201cI didn\u2019t have my own bedroom,\u201d he said in the Blog Maverick post. \u201cI slept on the couch or floor, depending on what time I got home.\u201d Talk about a way to save on utility bills<\/a>.<\/p>\n

He didn\u2019t have a closet in this apartment either. Rather, there was \u201ca pile\u201d of items that his roommates knew were Cuban\u2019s. Today, Cuban still credits living like a student for allowing him to become rich. He says it kept him from living beyond his means or going into massive credit card debt.<\/p>\n

Frugal Habit 3: Grocery Shopping at Midnight<\/p>\n

In an episode of Bill Maher\u2019s podcast, \u201cClub Random<\/a>,\u201d Cuban said he would go grocery shopping at midnight when he was in his twenties. Why midnight? According to Cuban, this was the best time to find deals on food at the time. Some of his shopping scores included cheaper chicken prices and $1.29 bags of French fries.<\/p>\n

Additionally, rather than shopping online marketplaces or impulse buying things at checkout when he was hungry, he kept to a strict food shopping regimen.<\/p>\n

Frugal Habit 4: Doing His Own Chores<\/p>\n

While the stereotypical image of a billionaire evokes thoughts of butlers and a staff of dozens on one\u2019s property, this doesn\u2019t apply to Cuban.<\/p>\n

Cuban said he doesn\u2019t have a butler, even though he could afford to pay several full-time. He does his own laundry, describing the process as taking only \u201ctwo seconds.\u201d Even Cuban\u2019s children do their own laundry.<\/p>\n

Frugal Habit 5: Buying Everyday Essentials on Sale and in Bulk<\/p>\n

To this day, Cuban said he buys consumables in bulk<\/a> whenever they\u2019re on sale. It\u2019s a shopping tip he recommends everyone do, especially if you can stock up on a few years\u2019 worth of regular supplies, like toothpaste and shampoo (maybe not so much on perishable items as you want to avoid food waste).<\/p>\n

According to Cuban, the prices for these consumables will eventually go up. Buying them while they\u2019re on sale and in bulk means receiving an immediate return on your money.<\/p>\n

Caitlyn Moorhead<\/a> contributed to the reporting for this article.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 5 Frugal Habits of Mark Cuban<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Before Mark Cuban was a billionaire with an estimated net worth of about $6 billion, he was a…\n","protected":false},"author":2,"featured_media":30007,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,28495,2158,184,185,28494],"class_list":{"0":"post-30006","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-grocery-shopping","13":"tag-mark-cuban","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-shutterstock"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=30006"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/30007"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=30006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=30006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=30006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}