I don't have an outdoor clothes line for several reasons.
One is because the wind blows so hard and constant in Oklahoma that laundry could easily disappear. (And losing your laundry is certainly not a frugal)
Another is because I am not fond of the stiffness that line-dried laundry has. Most people that line-dry their laundry love the fresh-air smell it takes on too. But I just don't like the way it smells.
Clothes dryers can be very hard on clothes and are expensive to run.
I use a happy-medium that works for us.
Most laundry gets put in the dryer for about 10 minutes and then I hang the clothes on hangers in doorways to finish drying. Smaller things and sweaters finish drying on a rack. Running them in a dryer for a few minutes really seems to help avoid wrinkles and add some softness.
Jeans usually get started on the drying rack, then I put them in the dryer for a few minutes to soften them.
Towels and sheets get the full drying cycle.