A lightweight, easy to use, and cost effective dumpster bag with stand that addresses the shortcomings of both prior art traditional metal dumpsters and existing dumpster bags is provided. The preferred embodiment of the dumpster bag with stand includes a dumpster bag removably secured to a portable stand comprising a pair of support frames connected by a pair of cross-members. The dumpster bag includes lifting straps with lifting loops, and the dumpster bag is removably secured to the portable stand by removably securing at least four of the lifting loops to the support frames. Each support frame includes two vertical supports and at least two horizontal members, and each cross-member comprises two diagonal members attached via a pivot.