The five top frugal celebrities

While frugality has never been in style in Hollywood, some celebrities can stretch a dollar with the best of us – and they were doing it even before the economy took a nosedive. Here are five celebrities who always found it hip to be budget conscious:

Beyonce Knowles

She's the face of L'Oreal, has her own clothing line and just launched her first fragrance, selling $3 million worth within one month. She has also racked up 16 Grammys so far and sold more than 100 million records as a solo artist and a part of Destiny's Child. As a result, her star power has generated an income of $87 million from June 2008-June 2009, making her number four on Forbes' Celebrity 100 list.

Yet, the 28 year old, who out earned her husband Jay-Z by $52 million during that year, told the U.K. Mirror that she is "very frugal." "I haven't bought a car since I was 16 or any diamonds since I was 17," she explained. "I have a lot of property. I've invested my money and I don't have to make any more, thank God, because I'm set. I'm now able really to be free and just do things that make me happy."

Why does she do it? "I want to have a long career, be respected and not go off track," said the Texan. "It's an effort to stay grounded."