Stocking up on sales or using coupons to purchase items that I am going to use on a regular basis, such as laundry soap, cleaning products, toothpaste etc. Some items I never pay full price for. Also buying things at thrift stores... I rarely purchase new clothing and I have found brand name items that are like new at thrift stores. In my quilting, building my stash by purchasing fabric at thrift stores for 99 cents per yard or less, using recycled men's shirts in my quilts. I could go on and on but am interested in hearing what others consider to be "smart spending"