Top 10 'New Frugal' Stocks

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Frugal Stock #1: SPDR KBW Regional Banking

What's the easiest way to not spend so much money? How about just choosing to save more? There's been a boom in savings rates among Americans since the economy ran aground in late 2008.

As people realize that they just can't spend ad infinitum, more money is now flowing into safe and secure investments such as CDs and high-yield savings accounts. Some of the biggest and best yields are coming from regional banks. This is not the Citigroup's (C) or the Bank of America's (BAC). No. We are talking about very solvent, and very profitable regional financial institutions that do banking the old-fashioned way.

One great way to get exposure to the best regional banks is via an exchange-traded fund (ETF). The SPDR KBW Regional Banking (KRE) is a basket of the best-of-breed regional financial institutions. This fund uses a passive management strategy that's designed to track the total return performance of the KBW Regional Banking index.

Next: Frugal Stock #2—McDonald's