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What are some things you can/should cheap out on?
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Most things. Clothes, cookware, phones, TV's, etc.
I would say only spend money to buy things you're passionate about. I love cooking and have spent some money on quality ingredients. Buy good spices and pans, erc. But I hardly spend money on clothing or vehicles or phones, etc.
Odd comment - you say don't spend on cookware, yet you spent money on good pans? I also love cooking, and spent money on good pans and knives :-)
That was just an example haha. I spend money on buy it for life cookware, buy it honestly hasn't been a lot. Cast iron is actually fairly cheap if you can find a deal. Plus, I visit estate sales and often find quality on the cheap.