Frugal innovation is finding ways to make things work without spending a lot of money. To do this, you try to be creative and come up with ways to use what you have on hand or use less expensive materials to accomplish something. You might also try to get help from people who are experts in different areas. For example, if you wanted to figure out how to create a new toy for kids to play with, you could talk to someone who knows about toys and get their advice—which wouldn't cost a lot of money. Frugal innovation is a great way to come up with clever and creative ideas without spending a lot of money.