The simple answer is YES!

There are many variables involved in a new kitchen and knowing where to spend and where to save can shave thousands off your budget. A great designer will help you figure out all the ways to get this done the right way and pay for itself. Here are 6 ways to save:

1. Be realistic about your budget. If you have $5,000, you are looking at cosmetic upgrades, like new tile backsplash, new light fixtures, new hardware. If you have $20,000 you might also be able to replace the appliances, the countertops or paint the cabinets. If you have $40,000 and you are careful about where you spend your budget, you can achieve a full gut renovation.
2. Keeping the same layout. This one is part myth and part true and can depend on whether you are doing a refresh or a gut renovation. Moving a sink and faucet is not going to cost a ton of money if it makes sense to do so. Moving the range with a gas line and the 220V electrical connection is probably going to be a bigger expense, especially if you have a finished basement below. Moving electric ovens and fridges without a water line is a very simple job if you have an outlet in the right place. The question becomes, is $200 to add a new outlet worth it to make the design work, and in most cases, it is.
3. Save on cabinets. Not all cabinets are created equal. Unless you want a totally unique look and are willing to spend for it, you don't need custom made maple cabinets. Your kitchen is going to last 10-15 years anyway. You also don't have to go to the big box stores, there are plenty of mid-range brands that offer semi custom options in a range of finishes and sizes. I would also not discount IKEA - their kitchen cabinets are flexible in design and the price is hard to beat. They are also very durable and they only use high end Blum hinges. You may even be able to adapt and re-use your current cabinets if they are in good condition and work with the plan, upgrading the hardware for a new look.
4. Save on counter tops. If there is an area worth splurging, it has to be the counters, nothing compares to real stone, or engineered stone as a close second. If you want to save, you can look to wood counters (if you have the time and patience to maintain them they will serve you well). Laminate counters are also making a reappearance as a viable budget option.
5. Kitchen appliances. It is a sad state of affairs that a lot of appliances are not built to last  and you could find yourself having to replace an appliance in as little as 4-5 years. Be realistic about which appliances you really need, the space constraints you have to work with and what you need them to do. Bear in mind also the retail value of your home. If you have a million $$ home, high end appliances will look the part, but equally, if you plan to live in the house for the next 10 years or more, you are buying for you, and you may need to replace the appliances when it comes time to sell anyway.
6. Flooring options. In a kitchen, your floor is going to have to work hard, especially if you have pets and children. Real wood is going to cost more and require special cleaning. Porcelain tile is going to be the mid-price and most hard wearing option, while for a budget you can get a really good looking vinyl plank that will offer a little more warmth under foot.