How to Save Money – 16 Best Easy Tips
Who wants to save money? Well, who doesn’t?!
Saving money seems impossible when you don’t have enough to cover the stuff you need every day. As the saying goes, have you ever had too much month at the end of your money? lol!
What if I told you there are this many easy ways to save money, and you’ve probably never thought of them!
If you have any more tips, please share in comments. We’d love to hear them!
1. Get money back when shopping with cash back apps we recommend.
If you haven’t yet you need to check out the blue underlined words (link) and read about my favorite legit cash back apps. There are SO many awesome apps out there to help save money. Ibotta is my personal favorite. In one year I have earned $601.89 back on items I had to buy anyway.
2. Cut the Cord
If you’re ready to cut the cord, check out our recommendations for cable TV alternatives. If you’re not quite ready to drop cable or satellite, then read our tips to lower your cable bill, DirecTV bill or DISH Network bill.
3. Get Free Stuff!
Duh! 😉 You’re on a freebie site, of course you want to get something for nothing. Read how to get free stuff online here.
4. Save Money and Make Bank
This article is all about thinking outside the box. That’s why it’s important to look at “saving money at the bank” differently. Sure, you can open a savings account and put money into your savings (if you have it!) to “save money at the bank.” But, what we’re talking about is more about saving your money versus paying it out. In other words, avoiding bank fees and interest. Saving money at the bank starts with not paying the bank for things like services you don’t need, or interest on things you don’t need. That means paying off your credit cards every month, and paying off debts as quickly as possible.
Master the 30 Day Rule which is to wait 30 days before buying larger items. In short, don’t splurge on unneeded purchases to put you farther in debt. If you have bad credit, it’s vital that you Fix Your Credit and Avoid High Interest!
5. Take Advantage of Bank Bonuses
That brings up another FANTASTIC banking practice — moving your money around to take advantage of new customer offers. For example, Banks that Offer Bonuses may offer incentives to open an account with them, such as Capital One who offers either $100, $25 or $25 depending on the type of account you’d like. There are a number of credit cards that offer sign up bonuses too, just be careful about having too much open credit because it can adversely affect your credit score.
6. Save at Home
Rather than keeping your money in a bank, you can use a PIGGY bank. (You don’t need an actual piggy bank, grab a mason jar or coffee cup!) Throw your change in it, or challenge yourself to a more structured savings plan such as the Save a Penny A Day plan. For one full year — 365 days — save one penny for each day of the year. For example, on Day 1 save one penny, on day 55 save 55 pennies, and on day 100 save 100 pennies. Your total year savings will be $667.95!
7. Save Money on Purchases
Shop Smarter: start by make shopping lists and stick to them. Compare prices, find sales and shop around. Don’t be afraid to go to more than one store, and always use coupons! Some people mistakenly believe that coupons are a waste of time. Why? Because they think coupons are only for higher-priced name-brand items. So, buying generic or store-brands are easier and cheaper anyway. The truth is, if you shop around you can find name brand products on sale, and using coupons on them can make them much cheaper. You can even get free stuff in stores by matching coupons, sales, cash back and other incentives.
Grab some printable coupons and save money! It’s like printing MONEY, but it’s totally legal!
- Coupons.com printable coupons
- Smart Source & SmartSource Canada printable coupons
- More *Hot* Printable Coupons!
Be sure to check out these 300 companies that will mail you free coupons!
8. Sell Stuff You Don’t Use & Make Charitable Donations
How many of you have a closet (or two) full of clothes you never wear anymore — maybe some shoes, purses, and other accessories. You could have a garage sale or yard sale. And you can sell things on Craigslist or Facebook Marketplace or local selling groups. But, my favorite thing to do is sell things online. I personally like the Poshmark app; however, they charge a percentage of your sale and that adds up. In addition to selling, I also donate to charities. Check out this article on how you make charitable donations you can write off. I was surprised to learn you can get up to $500 tax write-off just for donating one bag of used clothes!
9. Do Your Own Taxes
I’ve always done my own taxes. It’s actually pretty simple. Did you know there are many places that offer free tax preparation and e-filing? This year, it is projected that having a professional prepare and file your taxes will cost anywhere from $176-$457. You can’t beat FREE, but you can do your taxes for free! So, check out how to Do Your Own Taxes and save yourself a large amount of cash!
10. Reduce Your Energy Costs
Did you know it is really easy to reduce energy costs? There are so many little things that you can do that will save you money on your monthly bill. It’s so simple. Don’t pay more than what you have to this year! We’ve complied a whole list of easy ways to cut down your bill!
11. Make Your Beauty Products, Pet Products & DIY Cleaning Products
Have you ever thought of making your own beauty products? If you asked me that a year ago, I would have said no way! However, a friend introduced me and now I am hooked. Of course, it’s a little more work, but you know exactly what products you are using. Also, it costs WAY less to make your own beauty products. Check out some of my favorites in link.
Just like homemade beauty products, I had never thought of making my own cleaning products. But, did you know you can make laundry soap for less than 1 cent per load!? There are so many different recipes out there, but here are few of my favorite homemade cleaning products. Test them out! I promise you’ll love them. Plus, you’re saving money!
Do you throw away aluminum cans? Surely, you might as well throw away $10 bills! Save your recyclable metal and sell it for cash. Depending on your location, you can make a bundle! Some states have “redemption value” on cans. For example, in California, there’s CRV or California Redemption Value of 5 cents per can. That adds up fast! Even states that do not have redemption values still pay for the aluminum. If you’re recycling, shop around to find the highest paying recycler! Some places offer incentive to crush the cans, and some areas even have coupons that offer higher payouts.
13. Travel Cheap
Whether you’re going around the corner or on a long vacation, being away from home can be costly. Plan ahead! Leave right after eating a meal, so that you don’t have to spend money on food at a restaurant. Bring along a drink, so you don’t have to buy a ridiculously overpriced soda or coffee at a convenience store or cafe. Drink WATER because it’s good for you and doesn’t cost anything! Shop around for gasoline, and use gas coupons whenever possible.
On longer trips, still bring snacks and drinks. Going through an airport with a bottle of water might get you in trouble at the security checkpoint, but they will allow you to bring an EMPTY bottle which you can fill as soon as you get through the line. Likewise, many economy airlines now charge for everything – including $4 or more for a plain bottle of water. You’ll be glad you refilled! When away from home for extended periods, turn down your heat or air conditioning and make sure you aren’t leaving all the lights on.
Check out all the things you can do for free!
Don’t miss our recommendations on how to save on Timeshare Vacations!
14. Save Money at the Dentist and Doctor
Medical and dental care can be so expensive! So, be sure to look for affordable insurance that covers what you need. Healthcare.gov is a good place to compare plans, or check out our blog post on saving on dental insurance.
15. Take care of one of your largest purchases: your car!
For most people, their largest purchases in life are their house and their car. Many people rent, therefore that leaves the automobile as their biggest investment. Regular vehicle maintenance will save you a ton of money. As a result, your car will run more efficiently, longer.
16. Cancel Unused Subscriptions
Why pay for magazine subscriptions when we have hundreds of free magazine subscriptions? In addition, take a hard look at what you spend your money on. Do you have a gym membership you don’t use? Do you have other things funneling your money away from you? Go through everything and get rid of what you don’t use.
If you find any ideas that help, then I hope you try them and let us know in comments!
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