SIMPLE WAYS TO SAVE MONEY EVERY DAY
For many, living paycheck to paycheck is a way of life with no savings insight. The economic downturn has left many families struggling to make ends meet. But with a little creativity, anyone can find ways to save money and live comfortably in this tough economy. Whether you’re trying to save for an emergency fund or planning a family vacation, here are 60 simple ways to save money, cut costs and potentially save a hundred dollars a year or more.
We all want to save more money, but it can be hard to do when you’re busy with family and work.
We’ll show you how easy it is to save a little bit of money each day by cutting out small expenses that add up over time.
You don’t have to make huge changes or give up things in order to start saving money. Just making small adjustments will help your bank balance grow without having a negative impact on your lifestyle.
Have fun reading through these money-saving ideas to see what will work best for you and your family to spend less and save more money.
WHY SAVING MONEY IS IMPORTANT FOR EVERYONE
Saving your money is a skill that everyone should develop as it can be hard to come by. Whether someone is saving for retirement, or simply trying to accumulate emergency funds in case of a job loss, everyone needs some degree of financial security.
A bank cannot save your dollars. You need to choose where you want your dollars to go. Make it a priority to pay yourself first! Adding these savings to a savings or money market account can add up quickly to help create an emergency fund. Money market accounts tend to have higher interest rates than savings accounts.
Most people have huge debt, and these tips may just be the thing you need to act on to cut down or eliminate your credit card debts. Using cards can be expensive especially if you do not pay them off each month. High interest rates on cards can really add up if you don’t pay your card off quickly. Another thing to watch out for with credit cards is late fees. Avoiding these fees can save you some money.
Make an absolute commitment to your savings goals and stop throwing your money away frivolously, even on items you deem necessary. You can often find cheaper versions of the things you need to spend less at discount stores, grocery outlets, or online shopping sites like Amazon or eBay.
Plan ahead for big expenses by setting up a budget with monthly allotments for certain expenses, like clothes, utilities, auto insurance, mortgage/rent, or groceries (this is not an all-inclusive list, just a few major ones in a budget).
HOW TO START SAVING MONEY- 60 SIMPLE MONEY SAVING HACKS
Now that we have hopefully convinced you that it’s important to start saving more now (and why), here are 60y hacks on how to do just that.
Start by being realistic about what’s possible with your budget and lifestyle. Remember any upcoming expenses like homeowner’s insurance premiums or an expected medical bill so there aren’t any surprises.
If your goal is to save $500 a month, then that’s the amount you should be putting aside on a monthly basis – $100 going into an emergency fund and $400 squirreled away in savings or investments. If you have credit card debt these savings may be a terrific way to pay them off.
That way, when it comes time to buy gas for the car or food for dinner, you have some wiggle room built up already!
Most people will never go wrong by living frugally (especially those looking to lower their grocery bills!) but there are other ways to cut back as well and keep more money in your pocket.
Here Are Some Simple Ways to Help You Save Money
1. Use A Toaster Oven Instead of Your Stove for Cooking Small Meals
Heating up small meals will cost you more electricity than using your toaster oven. You could save hundreds of dollars a year in this one tip alone.
2. Make Your Own Coffee Instead of Buying It from a Coffee Shop
Coffee shops can be expensive but making your own at home can be a lot cheaper. You can still buy some name-brand coffees such as Starbucks or Dunkin Donuts and make them yourself at home.
3. Buy Off-Brand Items Instead of Name Brands
Purchasing generic brands can save you money. Generic brands are often cheaper and typically have the same quality as name brands.
4. Stop Eating Out at Restaurants and Start Cooking at Home More Often
The cost of one meal at a restaurant can cost you the equivalent of two weeks’ worth of groceries.
Enjoy quality time with someone you love. Eating at home is a great way to spend time with your family and friends and hang out without all the distractions.
5. Sell Things You Don’t Need Any More on eBay or Craigslist for Extra Money
There are always people looking to buy what you are selling. This can be a wonderful way to make more cash. Selling things, you don’t really use can also be a terrific way to declutter your home by holding a garage sale or yard sale.
Some of the items you should consider selling include old clothes, electronics (laptops, old phones, iPad’s, etc.), books, or anything small and light so shipping will be cheap.
You can also sell your unwanted furniture or home decor that no longer fits with the style of your home on Craigslist or Facebook marketplace.
6. Get Rid of Cable TV
Watch TV online or through Netflix, Hulu, Roku, YouTube, Hallmark, etc. There are so many options you should be able to find something that everyone in your family loves.
Streaming services can be a cheaper option for your entertainment needs than cable. You also can watch TV on your computer or tablet.
You can also watch programs on your time and not build your life around a scheduled program.
7. Create a Grocery List and Stick to It
Knowing what you need ahead of time will make your shopping trip more efficient and help you spend less by not buying things that are unnecessary.
When you’re trying to save every month, this can cut your overall grocery bill per year in half.
Cutting back on unnecessary purchases is one of the simplest ways to start saving more money every month.
Buying food from Sam’s Wholesale, Costco, Aldi, or any discount grocery store is an amazing way to save on groceries and keep more money in your pocket.
Schnucks is a local store where we live, and they offer a cashback program where they give you a percentage back on purchases you’ve made.
Be sure to shop around for stores that offer double or triple coupon days and cashback programs.
You could also consider using a grocery store delivery app service that will deliver to your door at lower prices. Just don’t forget about sales tax!
8. Here Are A Few Tips to Save Money on Your Phone Plan
Save some cash on your phone bill by using an app like Text Now or Google Voice for calls and texts. Shop for phone companies that offer you the best deal.
These companies charge a lot for texting and calling. Going with a less expensive phone company that charges much less than your provider is an easy way to save more of your hard-earned money.
Switch mobile phone networks. There’s always an alternative that offers better deals than those offered by the major carriers.
If you don’t want to switch phone carriers, you can still ask for lower fees. Some phone carriers will negotiate with you if they know you’re considering switching providers.
9. Shop At Discount Stores
Brand name clothes are getting expensive. We purchased a pair of brand-name leggings and luckily, they didn’t fit well. Once we returned them, we found another company that offered four pairs of leggings for the price of that one. They are higher quality and look nicer than the pair we returned.
Try Shopping at places like Marshalls, Ross, TJ Maxx, Target’s clearance section, and Amazon Warehouse Deals to find some real bargains without sacrificing quality.
Finding great clothes that are just as high quality as major department stores can be a challenge. But discount and secondhand stores have some great deals with many of the clothes being in new condition with the tags still on them.
Why not take advantage as there’s no need to feel guilty about buying something used!
10. Buy in Bulk to Save On Per-Unit Prices
Discount warehouses and wholesale clubs offer savings that are often passed on to the consumer.
A 50-pound bag of sugar is typically less expensive than two 25-pound bags purchased separately, for example.
Just be sure that if you decide to buy in bulk the items are something you can eat before the food expires. Don’t just buy it because it’s cheaper. If you don’t use the items before they expire, you’ll be wasting more money and won’t really get any savings.
11. Make Your Own Cleaners
Reduce the chemicals in your home by making all-natural, non-toxic cleaners for every room of the house.
Vinegar is a great cleaning agent that’s both environmentally friendly and cheap! While it still kills bacteria, it’s less harsh on surfaces than bleach.
We purchased a spray bottle and use vinegar with soap and water to kill weeds such as dandelions in our yard. We also use the same mix to clean our countertops and kitchen appliances. It truly is a wonderful way to clean without all the chemicals and is a lot cheaper.
The only drawback might be the smell. If you don’t like the smell of vinegar which dissipates quickly, you might want to use a small amount to see if you like the solution.
12. Use Coupons to Save More Dollars
One of my favorite ways to save is with coupons.
Why pay full price? It’s a good idea to coupon anywhere you can. Coupons or Discount Codes are great when shopping on your computer or offline.
Coupons are easier than ever to find and use. Applying them automatically to your items.
- Know the Different Types of Coupons – There are a few different types of coupons that can save you some big bucks. Some of the most popular coupons are manufacturer’s coupons, retailer or brand coupons, and third-party offers known as promotional codes. It may be necessary to clip the manufacturer’s coupon, and then bring it with you when shopping.
- Use Coupons for Everyday Items – There are tons of coupons available every day on the web, so whether you’re looking for a new hair product or trying to save on groceries, there is always some type of offer going around that can help! Make sure that you’re looking for coupons before shopping so that you can save more on your everyday essentials.
- Avoid Coupons That Require You to Buy an Item – There are many types of offers out there, some good, and others not-so-good. For example, simply clipping a coupon may be enough for you to score a deal, but other coupons may require you to buy an item for the coupon to be valid. You also see companies stating that you’ll get say $10 off all orders over $40. You may not need $40 worth of items but try to buy more items to get the $10 off coupon. This can be a waste of money but smart to increase value for the company offering the coupon.
- Shop Sales Online – There are numerous retailers out there where just one click will take you straight into their website.
Coupons are a surprisingly effective way of saving more without much extra effort. You can use them to save online, or via mobile coupon apps like Rakuten, RetailMeNot, and Cently!
Using coupons throughout the year will help to ensure that you’re never paying full price for anything!
13. Shop at Stores with Rewards Programs
Retailers like Target and Costco offer great customer reward programs, where points are often rewarded when purchasing in-store or online. These can be redeemed on a variety of items from electronics to groceries, depending on the policies.
14. Get A Second Job or Start a Side Hustle
You can save each paycheck in your savings or money market account which can quickly add up to a substantial amount.
Making more money is always worth the effort! This is one of my favorite ways to save more money every month. It can help give you an extra income stream to start saving, pay down a credit card, or save hundreds of dollars to thousands of dollars in your piggy bank.
15. Turn Off the Lights When You Leave the Room
It is a good idea to turn all lights and any electrical devices when not in use. Leaving devices that consume electricity can cost you more than you might know. Turning them off when not in use is a simple way to save money that you may not have thought of.
It seems like such an easy thing to do, but if you’re leaving the room for only a couple of minutes it’s worth turning off the lights!
Doing simple things like this can save you a hundred dollars or more per year.
Check with your utility company to see if they offer a free energy audit for your home. This can open your eyes to where you can cut back on your monthly usage.
16. Buy Your Produce in Bulk
Buying vegetables and fruits from Costco will allow you to stock up on food that’s usually more expensive, but it can be worth the investment if you’re able to buy enough at once! Plus, this means less time spent at the store and more time to spend on other things you enjoy.
If you are looking for Organic produce, we’ve found that Costco in our area offers far more options than Sam’s Club. If Organic doesn’t really matter to you then both are great options.
17. Install LED Light Bulbs
Installing LED light bulbs in your home to decrease energy consumption and lower your bill! This is one of the easier ways to save. We learned this little trick when we signed up with our utility company. They offer suggestions on how to make your home more efficient.
18. Find A Cheaper Way to Get Your Nails Done
Getting a manicure is just one of those things that seems like such an indulgence, but it doesn’t have to be. If you’re able to shop around and find a less expensive salon or even figure out how to do them yourself at home (sometimes the nail polish for one bottle costs the same as one visit to a salon).
You might try inviting your girlfriend or sister over and give each other a manicure or pedicure. You can enjoy each other’s company and you still get to be pampered at a much cheaper price. This simple trick should add up over time.
19. Use Public Transportation or Carpooling Instead of Driving Your Vehicle
Using public transit can be cheaper than owning a vehicle if you live in the city or use it as your primary form of travel outside of work hours, which will also help you decrease your gas expenses.
Carpooling has become very popular if you can find a few people that live close to you and are going to the same general area for work. The more people that share rides the more each person can save.
Another option can be to catch an Uber or Lyft. This usually is cheaper than hailing a taxicab but may not be as cheap as one of the other options.
20. Use an Insurance Broker to Shop for Less Expensive Insurance
An Insurance Broker can search around multiple different insurance companies to find the cheapest Insurance policies for you. Brokers are experts at finding the best deals on insurance policies, so it is worth your time to use them.
Ask the broker to find discounts for bundling auto insurance with home, and life insurance, as this will provide the most savings.
They can also look for student discounts or discounts for not driving often.
Be sure to ask the broker about any new laws that might affect your insurance coverage such as minimum coverage amounts to keep you legal.
Avoid paying more than necessary by asking an expert!
21. Cancel Memberships You’re Not Using
There may be some extra memberships or services that you can cancel that you’re not actually using. If you are not going to the gym and can work out from home, you might consider canceling that gym membership. Even if it is just $10 a month that will be a savings of $120 a year.
Look for other memberships or a service you might not be using. You can look at your bank and card statements to help identify any services you might have forgotten you subscribed to.
22. Create A Budget
One of the most important things you can do to increase your savings instantly is to create a budget. How much you’re spending and where you are spending it is vital information. It will give you more control over your money. Most importantly, this can will help identify what areas to cut back on so that there’s more money available for other things.
Most people think this is painful and difficult. It doesn’t have to be if you do it as a team with your partner or spouse.
Make it a fun experience and set aside time to talk about your plan and what each person values. You don’t need to spend a lot of time once you get everything set up.
You might consider holding a weekly or monthly meeting to discuss anything new or changes you want to make. This can also be the time to talk about if you’re on target or you want to change anything.
Here are a few steps to set yours up.
- Look at your last three months of bank statements. Use the bank statements to locate all debt activity no matter how small
- Identify all the recurring expenses you have such as cable, cell phone, vehicle payment, etc. List every expense in one column or spreadsheet so it’s easy to see how much you’re spending on each
- Create a second column with all your income from the last three months. How much money is coming in every month?
- Compare both columns – what is more than double of the other? That’s where to start looking for areas to cut back on and save some extra money!
Make it a game to see who can find the most savings! It is addicting trying to see how much money you can save each month.
I know every business must have a budget. Why? Because if they just purchased anything they wanted and needed but had no idea if they were making a profit or in the black, they’d eventually go out of business.
Creating one and balancing for each area of their business is the only way to see if their business is profiting and increasing their profits.
Our own homes can be considered a business model. We make money, buy items for our home, car, have insurance, and want to make a profit (grow our money) just like a company. But I’m puzzled why so many people don’t bother to set one up and wind up in huge debt.
If you haven’t started yet, it’s not too late to start implementing one today. This is the first day of the rest of your life. Let’s grow your savings starting today!
23. Track Your Spending
Tracking your expenses will show you exactly where you are spending your money. How much money do you spend in a day on things like coffee, lunch out, or drinks with friends? It doesn’t seem like it would make that big of an impact but over time the savings add up!
This is a terrific way to uncover little purchases that don’t seem like much but when you look at all those little charges over the course of the month you might be surprised at how much you actually spend.
24. Avoid Going into Debt
Paying off your cards every month is great to stay out of debt, but it is also important to not incur any more debt. If you can’t afford it then don’t buy it! Think of your future and grow your money instead of growing these card companies and bank’s profits.
25. Avoid Buying It on Credit When Possible
Whenever possible, avoid buying something on credit and opt for the cash option instead, unless of course, you’re using a 0% APR card or if your interest rate will be lower than a traditional card’s interest rate.
26. Get Creative with Gifts
Instead of buying something new, get creative with what you already have or find a way to make your own gifts, it’ll save you money and time! It will have more meaning to the person you are giving your gift to.
27. Use Less Paper Towels and More Cloth Towels
Cut back on using paper towels by using more cloth towels. Paper products can get expensive and can become a waste of money, if not used properly.
Cloth towels are cheap to buy but can last for years. Just throwing them in the laundry with the dirty clothes will only cost pennies to reuse them over and over again. But paper towels are a one-and-done throw-them-out product that isn’t cheap in the long run.
28. Use the 30-Day Rule for New Purchases
When considering a new purchase, wait 30 days before buying it. This gives you time to think about whether the purchase is worth it and if you’ll use the product after purchasing it. I recommend not buying something because of a good sale price!
Giving yourself time before making a new purchase can cut down on buyer’s remorse. And if you still want the item after the 30-days you’ll know it’s something you really want and will use.
29. Consider Refinancing Your Home Mortgage
Refinancing your mortgage with a lower interest rate can lower your monthly payments, even if it means paying more in the long term. Freeing up cash flow in the present will more than make up for any payments you might have to make later.
We have refinanced our mortgage a few times. Our payments are now cut in half from when we first had our home built and our interest rate is below 3% from over 5%. It not only created a difference in our monthly payment of $600 per month but we can use that monthly difference to save or make new purchases while paying a lot less in interest over the course of our mortgage.
30. Use Less Air Conditioning or Heating
To reduce your energy bill and have less of an impact on the environment, try using air conditioning or heating less often – when you do use them, set their temperatures a few degrees higher or lower than what you’re used to.
I’m guilty here. As soon as we have a very warm day, we reach for the thermostat to get the air conditioner on. We love being cool and sometimes find ourselves cold enough to put on a sweatshirt. We’ve been working on being comfortable instead of freezing and our billing has shown we have reached our goal of being in the most efficient homes in our area.
31. Use Less Water Around the House
Taking shorter showers can conserve water and money! Try running your dishwasher only when full. Fix any leaky faucets as those drips that continue can be costly. And lastly, consider only watering your grass when it’s needed.
32. Consider Budget Billing for Utilities
Contact your Utility companies to set up budget billing. This can allow you to pay less per month in the form of lower monthly installments, which should be a set amount each month and not vary. Once a year the utility can adjust up or down for only the utility you used. It’s great for knowing what fixed amount your utility will cost each month.
33. Consolidate Debt
Consolidating debt will help lower your interest rates and reduce the amount of money you need to pay each month. Finding new 0% cards that offer 6 months to a year deals can help reduce any high-rate interest you might be paying on other cards.
Consolidating to one card can eliminate multiple bills that all have minimum payments. This way you can pay one bill which should typically be lower than paying the minimums on a bunch of different cards.
34. Use Your Credit Card Wisely
This is a useful way to build up your available credit, but it’s also an easy way for people with less than perfect impulse control to rack up debt fast! Keep track of what you spend and pay off your balance every month.
You might start thinking that when using a credit card, you are borrowing money out of thin air. It’s so easy to stick your card in a reader and you get what you want instantly. It’s not until the bill comes that you look back and wonder what I bought this month for that amount. Once you look at the statement, you might get sticker shock. I know I have! Sometimes, I forgot what I purchased and now the bill is due.
Now I try to think of it as a fun game. I’m not going to spend anything on a card that I don’t need. I skip on the candy bars, sodas and bring a snack and drink in the car when I’m out, etc. It has cut down a lot on wasted expenses for things I really didn’t need.
35. Live Without Cable TV and Cell Phone Plans
The average American spends $85 per month on their cable bill, which is a lot of money to spend for something that you may not even use! Consider getting rid of cable altogether or going with the cheapest possible plan offered by your provider. The same goes for your cell phone. You can often find great deals on pre-paid plans that don’t require a contract or credit check, and you’ll end up with more money if you only use the phone around town instead of adding data packages to it.
Consider closing your hardline phone in your home if you have a cell phone. Why pay for a home phone? You can connect with either device so paying for two types of phones may not be needed and you can potentially cut one bill down to zero.
36. Maintain Your Vehicle Well
A car is one of the most expensive things many people own, so you want to do everything possible to make that investment last as long as it can. Follow the car manufacturer’s recommended service schedule and take time each month or two to clean your interior at home using a carpet cleaner or upholstery shampooer.
Keep all fluids topped off, the air in the tires so they wear evenly, wash your car when dirty to remove any salt or road tar to prevent rusting, and simple upkeep can reduce some unwanted mechanical problems and bills.
37. Educate Yourself on Credit Cards
With all the card offers out there, it can be hard to know which one is the best fit for you. Fortunately, most of them have websites where they will walk you through their rates and benefits so that you’ll feel confident in your decision.
38. Learn Skills You Would Normally Pay For
One of the best ways to save money is by learning how to perform tasks that you typically hire someone else to complete to reduce or eliminate the need to spend money.
Learning skills, you would normally pay for can often be done for free. You can learn many different skills by browsing the Internet, checking out books from the library, or searching the internet for research.
Here are a couple of skills you might want to try:
- Change your own oil
- Do your own basic car maintenance
- Do your own taxes
- Fix a leaky faucet
- Clean your own carpets
- Do your own upholstery cleaning
- Fix an extension cord yourself
- Mow your own yard
- Maintenance on your mower, trimmer, blower, and any other tools
- Cooking classes to make great tasting meals at home
- Freezer cooking
- Painting your own home
- Landscaping your yard
The options are limitless! For instance, if you learn to fix things around the house and do your own basic car maintenance, you can end up saving thousands of dollars over the course of your life.
39. Start Putting Money Away Early for Your Child’s College
Saving early for your child’s college fund is a great idea. Start when they are an infant, and you’ll have plenty of time to grow their money in the long term for their future education expenses.
Check with a financial adviser to find the right type of plan for your children and set up an auto-payment from each of your checks. You won’t even notice the difference and it makes it easy to save for the future.
40. Use a Budgeting App
If budgeting sounds hard, it doesn’t have to be. Use an app like Mint. Once you set up your basic account with all your information you can track to see where you are financially. The Mint app can help you stay focused on your financial goals. Mint can help you track all your payments so you’re never late again.
Mint is a fantastic way to help you set a financial goal and stay on track to achieve it. This is not a get-rich overnight app, but it can help you stay on track to reach your goals. It gets exciting being able to see your progress in your own dashboard.
41. Create Multiple Savings Accounts
Using a bank that can set up multiple accounts makes saving super simple.
A Capital One 360 savings account has no minimum to open an online account. But does have the flexibility to open multiple savings accounts. Once you get paid you simply transfer the proper amount you want to the proper savings account. Now you can sit back and watch those savings grow.
You might set up an account for future vacations, one for a new car, car insurance, taxes to pay at the end of the year, and so on. It makes it easy to save for the things that matter to you in an amazingly straightforward way you can see and control.
42. Create a Saving Plan for Retirement
Looking forward to retirement someday? It’s better to prepare for retirement now while you are young and have plenty of time to grow your money for the future. Create a plan today to save for retirement by putting away more money in your 401k or 403b plan and setting up automatic deposits so you will have time for your money to grow.
Check with your company to see if they match a certain percent of the earning you contribute. Most companies offer something like a 100% or 80% match up to 5% of your salary. By contributing at least that amount you will be gaining 100% on your money which is amazing.
If your company doesn’t offer such a plan, you can try opening a Roth type of IRA. You may not get the pre-tax benefit, but your money is still growing tax-free throughout the years with Federal tax-free withdrawals upon retirement. Both are great options and can help you prepare for retirement.
Setting this plan on autopilot is the perfect way to make sure you are always on track with your retirement savings.
43. Lower Your Utility Bills
There are a lot of things you can do to reduce your utility bills. For example, turn off lights when you leave a room and use natural light during the day instead of turning on your lights which costs you more in your electric bill.
Lowering your water heater temperature could also decrease your monthly bill because it will take less energy to heat up the water that way.
Insulating your windows is a wonderful way to keep the heat inside during winter, and it can also help you stay cooler in summer.
If you live in a large home, think about replacing your windows with more energy-efficient models to reduce your monthly utility bills even further.
You may lower your utility bill by always using cold water when washing clothes instead of hot water.
It’s always worth replacing an old refrigerator with a new one; these days, they are much more efficient than older models and can save you a lot of money over time.
When it comes to your heating system, make sure that the filters are always clean so that dust or pet dander isn’t polluting the air.
44. Make Use of Your Flexible Spending Account or FSA
If your company offers a Flexible Spending Account or FSA, you should always take advantage of it.
This is a fantastic way to get free money if the company offers a matching plan. I’ve heard of companies offering up to $2000 in matching funds that can be used for medical expenses and dependent care costs.
Most Flexible spending accounts will also follow a “use it or lose it” policy, so be sure to make the most of this opportunity.
These accounts are also deducted pre-tax, so you don’t have to pay tax on the amount that builds in your account.
45. Negotiate Your Bills
When you are negotiating with your providers for service contracts, always ask if there is an incentive program in place that will help save money on monthly bills.
A lot of companies offer incentives such as discounts on monthly bills or credits towards new equipment. One example is Amen utilities in our area.
If you are going to be getting a service contract, make sure that it is with a company that offers incentives for reduced rates and/or cashback.
There’s never been a better time to save money! With so many opportunities out there, you can’t afford NOT to take advantage of them.
46. Install a Programmable Thermostat
Installing a programmable thermostat is an easy way to lower your overall utility bill.
When you install a programmable thermostat, it will automatically turn off the heat and air conditioning at predetermined times of the day or night when your home is unoccupied. Simply set the timers that work best for you. You might have the air conditioner or heater start to cool or warm your house a few hours before getting off work, so the temperature is exactly right when you arrive home.
It’s like having someone else in charge of turning on and off the heating/AC so that you can enjoy savings without sacrificing comfort.
47. Pay with Cash for Groceries
Set aside cash for your grocery money. Divide each week’s money into four envelopes. This will be the amount you have to work with for that week’s groceries keeping you on target for the month. Once the money is gone you can’t spend anymore. It makes staying on target an easier task.
Paying with cash can help you save money in a few ways! It helps keep track of what is being spent and it also eliminates the temptation to buy things that are not on your list when grocery shopping because they are too expensive or not really needed.
48. Buy Discount Gift Cards
There are online websites such as Gift Card Granny that buy gift cards from people that will never use the card they might have received as a gift. So, they sell them for a discount to companies like Gift Card Granny for a lesser price than their value. Companies like Gift Card Granny then sell them on their website for slightly lower prices than their value. Check for cards where you normally shop to get an instant discount deal.
There are a lot of companies on their site such as CVS Pharmacy, Walmart, Kohls, Best Buy, Macy’s, and a lot more.
49. Put a Small Amount of Change in Your Pocket Everyday
A lot of people might think that it doesn’t really matter if they spend $0.25 or not, but when you add up all the insignificant things and put them into bigger numbers like percentages, your savings can grow significantly over time! So don’t forget to take that quarter out of your pocket!
Start a change bucket or bowl where you can drop the change you get each day, and when it gets full, you can deposit it into your bank account or savings account.
50. Learn How to Cook on the Cheap
One of the best ways to save is by learning how to cook at home cheaper! There are so many choices when it comes to a healthy diet. Cooking Paleo, Mediterranean, Vegan, or anything in between can have some delicious recipes.
Switching from pre-made to homemade food can be a fantastic way to eat healthier and save money too! You’ll soon see that cooking at home is not as difficult or time-consuming as it seems!
51. Try Making Freezer Meals Ahead of Time
Freezer meals are a quick and easy way to eat healthy meals from home without the hassle of cooking every night. You can make a bunch at once, freeze them and then have easy-to-grab meals on hand for days when you’re short on time or just not in the mood to cook!
Cooking freezer meals is easier than it might seem.
It’s been proven that some people are scared away by cooking because they don’t know where to start. If this, is you, don’t let cooking stop you!
You can easily find recipes for freezer meals on Pinterest or Google them yourself. We like My Freezeasy meals as it’s a cheap plan and provides all the ingredients and shopping list saving us time and money. If you’d like to learn more check out our My Freezeasy meals post here.
This way, all the challenging work of figuring out what goes into a recipe and how much it should make will be done for you! Oh, and the spices she shows to add to the meals make them amazing. I was surprised at how good these meals taste.
My Freezeasy offers so many different types of meals. They offer Paleo, Vegetarian, Dump Dinners, Crockpot, Instant pot, Keto, Gluten-Free, and a bunch more.
There are many different types of recipes you can make too, so it won’t be boring.
If My Freezeasy isn’t for you, there are some great free websites with step-by-step instructions for cooking freezer meals and those will get your creative juices flowing!
Some of the best ingredients to use in these types of meals can be purchased in bulk. You can also look for these foods on sale at the grocery store or try skipping the major store brand for the generic option. Some generic options taste just as good.
52. Buy Things Used That Are in Good Condition
Thrift stores, garage sales, and second-hand shops can be wonderful places to pick up quality items without a huge price tag.
You’ll often find items that are in good condition with hardly any wear-and-tear at a much lower price than brand new products.
If you’re looking for some used items to start your own collection, you can make a list of things that are important to have and then contact your family and friends to see who might be selling those products.
However, it’s worth noting that in some cases, used clothes or shoes may not last as long because they’re used or softly worn.
53. Use a 24-Hour Purchase Rule for Smaller Items
It’s easy to implement a 24-hour purchase rule for smaller items. In 24-hours you may find that you didn’t need to purchase that item and you’ll be able to save your money for something more important.
If after 24-hours passes you may find that it’s still something you want. So, get it and enjoy it. This is not a hard rule just something that can help you stop impulse purchases.
Using the 24-hour and 30-day methods are great ideas to help you think through each purchase. I know I’ve made several purchases in my lifetime that I instantly regretted. I thought to myself, what did I just do and regretted a few large-priced products. But, implementing one of the above strategies helped me avoid many purchases I would have regretted.
54. Implement a No Spend Day Once a Week
Challenge your family and make it a game not to spend any money one day of the week.
55. Take Advantage of Your Employer’s Benefits Package
If you have a benefits package, then it’s worth taking advantage to see what may be available for you and your family.
Some packages could include:
- 401k plan with matching contributions
- Health care plan
- Dental insurance
- Retirement pension
- Credit union for better rates
- Childcare facilities
- Before and aftercare for children
- Purchase back vacation time
- Discounted Life Insurance
- Employee Discounts and Rewards
- Reduced prescription drug costs
- Wellness programs
- Discounted gym memberships
- End of year bonuses
- Healthcare insurance
- Vacation and sick paid time off
- Performance bonuses
- Flexible schedules and/or work from home options
- Tuition Reimbursement programs
- Discounted stock options or equity
- Paid parental leave
- EAP or employee assistance program (counseling)
And I’m sure there could be several other options. But checking with your HR personnel can help you find options that really help you cut costs.
56. Get a Water Purifier to Stop Buying Bottled Water
Purchasing a home water purifying system can save you hundreds of dollars each year over bottled water. You can rest assured your water is being filtered and safe to drink. It is so much cheaper to have a water purifying system installed than to pay for bottled water throughout the year.
You would also have to research how your favorite bottled water is filtered to make sure it’s not tap water with a fancy label.
57. Become a Mystery Shopper
It’s a great gig and something you can do in your spare time for some extra cash. You can save money on meals, services, and other goods for honest feedback about the companies they hire you to review. This is especially great for people who are looking for a part-time job and flexibility.
There are many mystery shopping companies out there that will hire anyone with an email address to be their shopper, however, they have various levels of pay depending on how much you get paid per task.
58. Use Cashback Site for Everything
Cashback sites are great ways to earn a little extra cash just by buying the things that you would buy anyway. All it takes is signing up and then using your favorite shopping websites. Enter the cashback site first then go to the website from the cashback site before you buy.
We use several cashback sites, but Rakuten and Cently open automatically when I’m attempting to make a purchase and offer a percent back. Just click it and your cashback should send you an email with the amount you saved. If you don’t have Rakuten just click this link to get signed up. As of this writing, they are offering $30 to sign up. These amounts can change from time to time, so check to see what it is currently.
You can sign up for all your favorite cashback sites and then just use that search bar every time you make a purchase.
59. Check Out Books at The Library
Instead of running to the bookstore or shopping for a book why not check out the book first at your local library. It’s free and once you read it you might not necessarily want to keep it and let it collect dust on your shelf.
If you like the book, you can always purchase it. I’ve seen so many books in self-help that I thought looked great but once I picked them up from the library, I was disappointed.
60. Rent an Extra Room
If you have any extra rooms in your home and don’t mind a little company, renting a room or two might be a fantastic way to cut down on your housing expenses.
If you have a detached garage, mother in laws quarters, etc. this may work even better. Using an app like Airbnb could help do the heavy lifting and find the right renter for your extra room.
Do you have any tips or tricks for saving money?
Yes, there are many ways to save money. You can:
– Use cashback sites for everything
– Check out books at the library instead of running to the bookstore or shopping for a book.
– Rent an extra room in your home if you have spare rooms and don’t mind company. A detached garage, mother-in-law quarters, etc.
– Use an app like Airbnb to find the right renter for your extra room in a detached garage or mother-in-law quarters.
– Sign up for cashback sites and always use that search bar when you make purchases online.
How do you save money on grocery shopping, in general?
– Buying the store brand instead of name brands.
– Avoiding processed foods and bulk buying items that will last long in my fridge or freezer. – Shopping at a farmer’s market for fresh, local produce to cut down on my produce bill.
– Making your own staples like bread, granola bars, and soup to cut down on the cost of items in the grocery store.
How do you save money at restaurants?
– Order off the kid’s menu instead of what you would typically order for yourself.
– Try ordering cheaper cuts of meat like a steak sandwich or burger instead of the more expensive dishes.
– You can order an appetizer and split it with someone else in your party, then order another dish for yourself.
How have you saved money going to the movies?
– Going to the movies with friends.
– Renting DVDs and watching them at home instead of going out to a movie theater.
– Buying your tickets on Fandango when they are discounted so you don’t pay full price for admission and snacks!
In a tight budget situation, what is one thing you would spend more money on and one thing you’d spend less money on?
– Spend more money on your food budget.
– Spend less money on entertainment like restaurants, movies and going out with friends.
How do you save money at home?
– Turning up the heat and turning it down when you leave home.
– Cleaning your filters regularly to save on heating bills.
– Insulating your water heater with a blanket or something of that nature to conserve energy costs by keeping your house warmer in cold weather.
What are your favorite ways to save money without sacrificing quality of life?
– Cooking at home to avoid going out and spending money.
– Taking care not to spend too much time on things that don’t need to be done daily or weekly like dusting, vacuuming, and laundry.
What are some ways to save money on utilities?
– Lowering your thermostat in the winter and raising it when you’re not home.
– Turning off lights, TVs, and electronics when not using them.
– Unplugging appliances that are not being used or turning them off at the outlet if they have a power switch.
Simple Ways to Save Money Summary
Whether you do all the items listed above or just a few of the items, saving money is a win-win for everyone. Even using a few of these will give you ways to save more of your hard-earned money.
Once you start trying to find ways to save money, it becomes addicting. With the economy in a slump, increasing your savings has become more important than ever for your financial security.
The good news is that there are plenty of ways to save money if you just know where to look for them. That’s why we compiled 60 simple ways to save money tips from around the web and across various industries into one easy-to-read list.
We hope these tips help! What are some saving tips you already use? Let me know in the comments below and I’ll add them to this article so other readers can benefit as well!