Meryl Streep is one of the most respected actresses in the industry today.

Not only has she made a lot of quality movies, Meryl Streep also has a number of prestigious awards and nominations under the belt.

Aside from the respect she's gained worldwide, starring in movies has also made Meryl Streep a multi-millionaire.

However, a source close to the actress dished out that she allegedly very careful in spending her hard-earned money.

"Meryl is a huge budget shopper," the source told Dish Nation. "She hates buying clothes, so nearly everything she owns - which she didn't get for free from a designer - comes from a discount store... She loves to buy from thrift stores!"

This may sound surprising, especially since a lot of fans remember Meryl Streep's role as fashion magazine editor Miranda Priestly in "The Devil Wears Prada," one of the movies that earned her several awards and nominations.

Aside from penny pinching when it comes to her wardrobe, Meryl Streep also reportedly doesn't want to spend a lot for appliances in her home.

"If an appliance breaks down in her house and can't be fixed, she will go to a second-hand store for a solution or replacement," the insider continued. "Her children always make fun of her for being so frugal, but she can't help it."

Despite spending wisely on clothes and appliances, Meryl Streep also splurges once in a while. After all, making great movies has earned the actress big bucks.

"She has no problem passing off a cubic zirconia as a real diamond, and she's even been known to clip coupons - but on the other hand she spoils her loved ones rotten," the source added.

"It's a very strange dichotomy, but aside from her nice properties, she just doesn't feel the need to waste so much on superficial items."