Are you where you want to be financially in your life? Honestly, it doesn’t really matter saving money is always a $avvy move. Whether you’re saving for a down payment, vacation or retirement this list is going to help you save money!
We have noticed that actually knowing how to save money is a challenge for most people. This is why we came up with a list of 100+ ways to save money that you can start today! No more making excuses you don’t have enough money in the bank at the end of the month.
None of these money saving tips are going to change your life by themselves, but collectively they can. Take some time and read through the entire list and pick out 10-15 that you can realistically follow. Over time you will see just how easy it is to save money.
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Related articles on the different ways to save money:
- Automatic Coupon Finder – Savvy Saver Honey
- Your Simple 7 Step Guide on Money Saving!
- 8 Extremely Important Money Lessons You Should Have Learned
- How To Reduce Your Monthly Bills and Save Hundreds!
- 5 Easy Ways To Save Money On A Weekly Basis
100+ Easy Ways to Save Money Today
1) Earn cash back when you shop online
Did you know you can get paid to shop online? Using services like Ebates or Swagbucks when shopping online allows you to take advantage of some amazing cash back rewards. If you are already spending the money why not take advantage?
Get $10 cash back when you sign up today for Ebates.
2) Refinance your student loans
If you have not read our article on demolishing your student loans go check that out now. Interest rates on student loans seem to get higher and higher each year. With rates as high as 15% you are going to struggle to pay off the principle as a majority of your payments will be going to interest.
Go to LendEDU to compare student loan refinance rates, they are truly the best in the business! We partnered with LendEDU since the start of T$C and they have helped out hundreds of our readers.
3) Cook in bulk
The next time you cook a casserole make a double batch. This will allow you to throw one in the freezer for later. When you cook in bulk you are also able to shop in bulk which in most cases will help you save money.
Most likely at some point throughout the month, you will be low on food in the house. Instead of driving to McDonald’s or any other fast food you already have a meal prepared that’s easy to heat up.
4) Eat leftovers
This goes right along with cooking in bulk. We try to never let food go to waste. To save money on a daily basis eat leftovers from the night before. These containers are great for bringing food to work!
5) Drink lots of water
Drinking the correct amount of water throughout the day not only has amazing health benefits, it also has financial benefits. Drinking a glass or two of water before a meal will help you not overeat. This, in turn, will help you stay fuller longer which will ultimately make you eat less.
We both try to drink close to a gallon a day. This is definitely not needed, but drinking more water is never a bad thing. Whether it is a reusable bottle or ordering water at a restaurant you’re going to be saving money.
Try to ditch the expensive soda’s, teas, juices to really save money. As a last note NEVER buy bottled water! Did you know that bottled water is more expensive than gas?
6) Pack your lunch
Get out your lunch tote the night before and fill it up. Not packing your own lunch means you will be forced to purchase a meal throughout the day. This can become very expensive!
Another benefit of packing your own lunch is your get to choose what to eat. Try packing a well-rounded healthy meal each day. Remember a healthy life is a happy life.
7) Use Airbnb when traveling
Airbnb has become huge, especially for millennials. What can we say we like to share things =). The next time you plan on taking a trip check out Airbnb to see if you can find a cheaper alternative to a hotel. In most cases, you can rent an entire house to yourself for a fraction of the cost.
Use our exclusive link to earn $40 credit towards your first trip on Airbnb.
8) Rent out unused space in your house
Do you have an extra room in your house? Two extra rooms? Why not rent them out from time to time to earn extra cash? You can totally offset the cost of living by renting your unused space in your house.
Make sure you take the proper precautions before renting out your unused space. Your family and their possessions are important to make sure you have taken all the steps to ensure they are protected.
9) Use sites like booking.com to book last minute travel
We recently used booking.com for our Virginia Beach vacation. If you wait until the last minute you can find some incredible deals! We got an awesome nightly price on our hotel, it was right on the beach, and had a free breakfast every morning.
Try to always find a place to stay with a free breakfast. You can basically eat for free besides dinner each day. Load up on breakfast food and take a bagel and some fruit for a nice lunch later. #Savvy
10) Always shop thrift stores
Anyone else think of Macklemore’s song every time they hear thrift store? All kidding aside shopping at thrift stores can really help you save money. You can find some very unique items that you would pay a fortune for elsewhere.
11) Stop going clothes shopping so often
Did you know the average American family spends $1,700 a year on clothing?! We might go shopping for clothes 2-3 times a year, including Christmas. Having a bunch of clothing in your closet you don’t wear is such a waste of money.
A good rule to remember is unless you LOVE it in the store you are not going to wear it. Always pick out clothes that will have a long lifespan.
12) Garage sales are your best friend
Check out Craigslist and set out a plan of attack. Hit up a few garages sales while your out, most times it’s not worth going for just one. Garage sales are great for saving money because most of the time items are priced to sell (people no longer want the items).
This is always a great place to negotiate a lower price. Don’t ever pay full price at a garage sale without asking the seller “what are you willing to take for it”.
13) Cut the cable and stop watching so much TV
We cut our cable over a year ago and have saved over $1,500! It’s important before canceling service to have a plan in place. The last thing you want to do is drop service and regret it, although we highly recommend you do. You will soon realize life get’s better the less TV you watch.
We are obsessed with our Amazon Fire Stick. It’s extremely portable, quick, and easy to use. A good vacation hack is bringing it along with you.
14) Use your credit card reward points
Credit cards can be a wonderful tool if used properly. Find a credit card that matches your life’s priorities. If you want to earn cash back, get a cash back card. We love to travel so we use the Capital One Venture to earn miles.
Some credit cards have a yearly fee. Be careful in choosing these types of cards. It’s going to require you to calculate if the rewards earned outweigh the fees.
15) Never carry a balance on your credit cards
Make sure you are responsible enough to own a credit card before applying for one. You should understand that carrying a balance on your credit card should never be an option. The interest rates on credit cards will bury you in debt.
To save money and avoid paying interest/late fee’s NEVER hold a balance on your credit card.
16) Make your own date night ideas
Instead of being trapped in the dinner and a movie idea think outside the box. You can save money by going on hikes, DIY projects, exercising, blogging, read books, and watching a movie at home. A fun thing to do is sit down for 5 minutes and right down as many free date idea’s as possible. Put them in a bowl and every month pick one.
A fun thing to do is sit down for 5 minutes and right down as many free date idea’s as possible. Put them in a bowl and every month pick one. This will prevent you from running out of idea’s and keep your relationship fresh.
17) Budget your money down to every dollar
If you truly want to save money every month budgeting is a must. The only way to really understand your monthly cash flow is to keep track of it.
We have used Mint for the last 5 years and swear by it. If you use your credit card for most purchases and monthly bills Mint is your best option.
Creating a budget will allow you to see the big picture on your spending. You will define areas that you are spending too much money and be able to make adjustments to correct it.
Learn how to organize your finances from our article 9 Personal Finance Organizational Tips You Need To Learn Now
18) Buy the generic brand over name brand
Why buy a bag of chips that’s $2 more because of the branding and name on the front? Generic brands are underrated when it comes to shopping.
If you have the option between a name brand and generic brand you should always consider saving the money. In most cases that quality of the product matches that of the brand names items.
19) Invest in a Keurig
Do you drink coffee in the morning before work? Did you know the average American spends over $1,000 a year on coffee? Making your own coffee to bring with you can save you a ton of money throughout the year.
We buy reusable K-cups from Amazon. These work great in helping you save money. You can still buy coffee in bulk and not pay the ridiculous amount of money for individually flavored cups.
20) Find a cheap gym option
Shop around before picking a gym membership. Monthly expenses add up quick throughout the year so you want to make sure you get the most bang for your buck. Find out what are your “must haves” and search for a gym based on that.
See if you can get a new member discount or refer a friend. Most gyms will offer some type of incentive to join, why not take advantage?
We lucked out with our gym membership. We live right down the road from a Private college that offers community memberships. Our yearly price is $45! That includes a weight room, cardio room, indoor track, basketball courts, swimming pool, sauna, racquetball courts, soccer fields, and outdoor track. #Blessed
21) Share meals when eating out or save half for another meal
A majority of the time the serving sizes at restaurants are far more than needed. To save money split a meal with your significant other. Another good tip when ordering your meal ask them to only bring out half and box up the other half. Not only will your wallet thank you when you have leftovers, but you won’t be in a food coma on the way home.
22) Don’t sign up for subscription emails from your favorite stores
It’s a trap! Stay far away from email marketing. The chances of you shopping for items you don’t need after seeing a “deal” in your inbox are much greater. Save yourself the hassle and don’t sign up for email subscriptions from your favorite retailers.
23) Don’t grocery shop when you’re hungry
If you’re a hangry shopper you’re going to spend more, plain and simple. It’s always best to shop after a meal and with a plan. When you are full you will be far less likely to pick up snacks and junk food that you don’t really need.
24) Stick to a shopping list
One of the simplest ways to save money is only go shopping when you have a list. Without a list, you are much more likely to make impulse decisions and unplanned purchases that all cost money. Creating a list is a great way to ensure you are only purchasing what you need. Always have a list and stick to it!
25) Use Amazon Prime for free shipping and entertainment
If you don’t have an Amazon Prime membership yet you’re missing out. The best thing about an amazon prime membership is free shipping on all items, plus you also get some great digital entertainment, talk about saving money.
Amazon Prime can be used in a variety of ways to save money. To get a free 30-day trial use our exclusive link.
26) Use the Honey extension to automatically search coupons
Have you heard of the Honey extension for Google Chrome? It’s an automatic coupon finder that works directly in your web browser. No more looking for coupons yourself. This extension will find all the coupons a certain retailer uses and automatically pick the best one for you. It’s never been so easy to save money while shopping online.
27) Save your loose change (for coffee of course)
Gone are the days in which people carry around a pocket full of change. That doesn’t mean that saving your loose change is no longer a savvy move. We often eat breakfast on the weekends for “free” by saving our change.
If you are looking for a great way to invest your digital loose change acorns is a great option. We started using this app while we were in college, it’s perfect for the beginner investor.
28) Invite your friends over for game night
Struggling to find things to do with your friends that don’t cost a fortune (eating out, movies, bars)? Have them over for a simple game night, it’s actually a blast! We play games like euchre, fish bowl, and poker, they are always hits. Have everyone bring over a board game and you’re bound to have a fun filled night with some great laughs.
One of our favorite games has been shut the box. Super simple but totally addicting.
29) Stop leaving your lights on
Can you hear your parents now, “don’t you dare leave that room without turning the lights off”? Well, they were onto something, leaving your lights on throughout your house can add up to an extra expense you don’t need. It’s good to get into the habit of shutting off the lights when you leave a room.
Not only will this help you save money on your electric bill but you will also be helping the environment. A true win-win.
30) Learn the 30-day rule
Learning how to control your need for instant gratification is one of the most important rules in personal finance. Waiting for 30 days to decide if a purchase is necessary is an excellent way to save money. Obviously, this rule works best with larger purchases. We do not recommend you wait 30 days to see if you really need that gallon of milk (lolz).
Most often or not after waiting for 30 days your desire for a certain purchase will fade and you will realize that you made the right decision. Taking this extra time is also a great way to do more research and really make sure you are getting the most value out of your money.
31) Automatically set up your savings/investment accounts
Always plan your savings straight into your budget as an expense. This is the only way that you will make sure you save a certain amount each and every month. For years we have used Betterment to save for our “nest egg”. It’s a great way to not only have automatic savings set up but our money is also working for us invested in the market. Compound interest baby!
32) Buy your textbooks used
Using companies like Half, Amazon, and eBay are great alternatives when needing textbooks for school. Buying the books straight from your bookstore is a guaranteed waste of money. They often only sell new and are far more pricey than buying them online.
33) Don’t buy your textbooks at all, head to the library
Another “college hack” here to help you save money. Most of the time the textbooks you need are offered at the library, that means FREE people. If you like this idea and want to learn more on how to rent books for free check out our article How To Get Cheap College Textbooks.
34) Sell your textbooks on eBay or Amazon
If you have not learned by now college textbooks are expensive! Now that you are done your semester and you got straight A’s what do you do with all your textbooks? The first thing to do is stay FAR away from your school’s bookstore. They often offer you 10% of what the book is actually worth because of supply and demand. Plus college students don’t know the alternatives.
Head over to Amazon or eBay and set yourself up a sellers account. This whole process should take around 5 minutes. After setting up your account, do some research using the ISBN number on the back of the book. See what other sellers are listing your books for and price yours competitively. A majority of the time you can get back 50%-75% of what you paid for the book.
35) Eat your house clean once a month
Each month we have a week that we “eat the bottom of the barrel”. Basically, we eat our house clean before going shopping again. This is a great practice for not wasting food, trying new meals, and never buying double of something. Give it a shot this month you will be surprised how easy it is to save money on your monthly grocery bill.
36) Stop going to the mall
Shopping often, in general, is a bad practice. Whether you realize it or not there is marketing all around us. If you put yourself in a position to see this marketing you are more likely going to make an impulse buy and spend more money. Have a plan and only shop for what you need not what you want.
37) Recycle your own cans
We live in N.Y. state and there is a $.05 charge for all bottles and cans. It’s worth the few minutes to collect them and return them on your own to get that deposit back. Our biggest return netted us over $80!
38) Carpool whenever possible
Planning on going to the movies or dinner? Call up your friends and offer to car pool. Every other time switch who drives. This is a great way to save money on gas and wear and tear on your car.
If you have a long commute to work it’s completely worth talking to your co-workers to see if any of them have a similar commute. Setting up a carpool for the year can save you hundreds of dollars.
39) Get rid of the landline
We live in the twentieth-century people! Everyone has a cell phone. If you’re still paying for a landline your probably wasting your money. Call your cable company and cancel your landline service.
40) Cancel all memberships you don’t use on a regular basis
Memberships are becoming more and more common as companies realize it’s a great business model for steady cash flow. There is nothing wrong with subscribing to membership services like Netflix, Hulu, dollar shave club, and bark box as long as your actually using the service. Make sure you look through your credit card statement every couple of months to ensure you’re not paying for a service you no longer use.
41) Buy in bulk when it will help you save money
Disposable items like toilet paper and paper towels are great items to buy in bulk, especially if you can find a good sale. Any item that will not go to waste or get thrown out is worth buying in bulk.
Make a plan every few months to go to a bulk store and stock up on items you use on a regular basis.
42) Be a DIY master
You can learn anything you want from YouTube. Learning how to do things on your own without having to call in the professional is a great way to save money. If you are having car trouble chances are someone else has before you. Do some google searches and 99% of the time you will find your answer.
43) Don’t eat out so much!
The average millennial spends $2,639 eating out every year. For the sake of your financial future let’s work on cutting that back. Anytime someone else is preparing your food you are going to be paying a premium. Get in the habit of having a “restaurant” budget and stick to it.
We have a budget of $50 a month, basically going out 1-2 times a month. On average this is far less than normal but we do not prioritize eating out so we save money here to use somewhere else, like vacations.
44) Use gift cards when eating out
Gift cards are a great way to save money while you’re eating out. We save our gift cards from birthday’s and Christmas to spread throughout the year. It’s a good habit of not spending them all at once. Spreading them out makes going out to eat more of a special occasion (which is what is should be).
45) Do your holiday shopping after the holidays
If you really want to save money during the holiday season wait until after the holiday passes. Prices will drop drastically, sometimes upwards of 75% off. It’s hard to plan a full year ahead but your bank accounts will thank you.
Grab new years party supplies after new years. Buy 4th of July items on July 6th. Get your wrapping paper, Christmas lights, and presents a few days after Christmas passes.
46) Use your crockpot often
Instead of spending 30-45 minutes at dinner time preparing the meal to consider busting out the crock pot. Not only can you find really cheap crock pot meals but it will also save you time (which is very limited). Having simple crock pot meals regularly will limit the number of times you run to a fast food restaurant in a pinch.
47) Buy a smart thermostat and program it
Having your furnace or air conditioner run all the time is a HUGE waste of money. Save money by buying a programmable thermostat. These thermostats will allow you to set the hours that your heating and cooling systems come on and off. There are even some smart thermostats now that will program themselves based on when you come and go via motion sensor.
We have a Nest thermostat which we highly recommend. It’s a self-programming mastermind. Ours paid for itself within the first year of owning it.
48) Use your dishwasher
It’s been proven that you use more water washing your dishes by hand than if you used your dishwasher. Make sure you check your setting and turn off any unneeded cycles such as extra rinse, heated dry, etc. Not only will this help you save money but it will also help you save time. Another win-win.
49) Use coupons when shopping to save money
If you really want to get savvy with your shopping use coupons alongside store flyers. Using this technic can help you save a ton of money. You will not only get the savings from store sales but also get the discounted savings from the coupon. Using coupons will also help you avoid buying items that you don’t need because “they are not on sale”.
50) Fall in love with the dollar store
Discount stores are filled with items you use on a regular basis for a fraction of the cost. Again, anything dealing with shopping it’s best to have a plan before heading out. Items like toothpaste, toilet paper, party cups, etc are great items to look for.
51) Use your student discount
One great perk that many college students don’t take advantage of is their student i.d. In most establishments will have a student discount, you just have to ask. Next time you head out to the movies, ice cream shop or coffee shop whip out your “discount card” and see how much money you can save.
52) Use your AAA discount
Just like student discounts many places offer discounts if you are an AAA member. A few places you should always ask are campgrounds, hotels, and really anything travel related. Anytime you can get a discount using a membership you already have is a huge win!
53) Negotiate everything!
This tip for saving money is HUGE! How often do you negotiate a price? I bet your answer is not enough. Take your garage sale price haggling into the real world and start negotiating. Every year we save thousands by calling the companies we have bills with and negotiating a lower price. For example, we pay ~$600 a year for car insurance for 2 cars in N.Y. state, that’s unheard of.
The two big items you should always negotiate are cars and houses. Take the time to negotiate big-ticket items. This is the only time you can literally save hundreds if not thousands of dollars by putting a little effort into negotiating a lower price.
54) Plan out your meals for the week
Instead of grabbing fast food throughout the week plan your meals out. After talking to your family about what meals they want, prepare your list. Head to the store and only buy what is on your list. If you have not seen the trend yet, having a plan always helps you save money.
Do you struggle to figure out what to make each week? Get Weekly meal plans delivered every Friday morning to your inbox using a program called $5 Meal Plan (14-day free trial).
55) Eat less meat
Compared to vegetables and fruit meat is very expensive. Consider the nutritional value when shopping for your produce. You don’t have to become a full-fledged vegan but try having a vegetarian meal once a week. Another thing to consider is swapping out meats for lower cost protein-packed alternative such as beans, nuts, and eggs.
56) Maintain all your household items
This goes without saying when you take care of your stuff it will last longer. You pay good money for your household items, don’t let them go to crap. Routine maintenance is not only for your cars it’s for all your appliances, tools, electronics, etc. When is the last time you cleaned out your laptop fan? Dusted your entertainment center? Cleaned off your refrigerator coils?
All of these things should be done on a regular basis as routine maintenance. The longer you make your household items last the more money you save.
57) Always buy used to save money
You will often find just what you are looking for with a little bit of savvy shopping. Thrift shops, used game stores, garage sales, consignment shops etc should be in your normal routine. A good practice is to always check out these used stores before purchasing an item new.
Another great avenue to look for used items is eBay. We have used eBay our entire life and saved a ton of money doing so. For example, our dog just needed a new inground fence collar. We were able to find a used one that was practically new for 50% of what it cost in the store. Buying used will certainly help you save money.
58) Eat Breakfast
We were all told from a young age to eat our breakfast, our parents were onto something. Eating breakfast in the morning is a surefire way to stay full of energy and help you resist that expensive lunch. We regularly have scrambled eggs or homemade breakfast burritos. Some other alternatives are oatmeal, fruit, and cereal.
59) Cancel your magazine subscription
Why do you still have the stack of magazines that have been taking up space for years? Chances are you are signed up for a magazine subscription you don’t read, or not enough to make it worth paying for. If that’s the case cancel it immediately. Although magazine subscriptions are relatively cheap that monthly expense will add up throughout the year.
60) Donate to a good cause instead of splurging on yourself
Donating can change your life. There is no better feeling than helping others in need, it’s scientifically proven to impact your life positively. The next time you are planning on going out to splurge on your “wants” instead of “needs” consider donating the money instead. Your money is going to be much better spent and you will feel great about it afterward.
61) Do Christmas shopping throughout the entire year
Do you enjoy that massive hit your bank account takes every year around the Christmas holiday? It can be prevented with a little planning. Instead of rushing around last minute, stressed out, paying full price for items considers buying them throughout the entire year.
Not having a time constraint will save your sanity and you can also shop around for the best deals.
62) Donate your time as a gift
Everyone has the same constraint in life, time. Sometimes the best gift you can give others is your valuable time. Instead of going out and buying material things for your mom on mothers day consider making a coupon for a free dinner cooked by yours truly. Add in an hour of cleaning around the house and your mom just got the best mothers day gift around.
Another way to donate your time is through volunteering. If you have volunteered in the past you will understand how fulfilling it actually is. You get to meet new people, get some exercise and give yourself some purpose. Plus, it might actually help you save money. Volunteering is a great way to spend your time without having to spend money.
63) Stop falling for marketing schemes
Marketers have gotten extremely tricky over the years. You can’t go on social media without ads being thrown in your face from all directions. The main purpose of marketing is getting you to buy their product/service, don’t fall for it!
Good marketing can make you think you really need something when you don’t. Use the 30-day rule mentioned above to prevent you from making impulse decisions.
64) Inflate your Tire
Did you know underinflated tires can lower your MPG (miles per gallon) by up to 3%? On the opposite side over inflated tires can wear your tires out quicker and cause damage to your suspension system. A good rule of thumb is to check your fluid levels (engine oil, transmission, brake, steering, coolant) and tire pressure at the begging of every month.
The proper tire pressure should be on the inside of your driver’s side door panel or in your manual. The pressure labeled on the outside of your tire is the MAX pressure allowed in the tire not what you should inflate it too. Refer to your dealership or mechanic for professional advice.
Buying a simple tire pressure gauge is a life saver!
65) Change your car air filter for better gas milage
Just like underinflated tires, a dirty air filter can significantly impact the efficiency of your vehicle. Consider checking your air filter a few times a year and remove any debris that might be impacting airflow. The more efficient your car is running the more money you can save on gas.
66) Stop driving like a jerk
Do you find yourself accelerating hard, braking fast, not using cruise control, and weaving in and out of traffic? You are only costing yourself more money. Driving like a jerk is wear and tear on your car that is not needed, leading to more expensive repairs.
Accelerating and breaking should always be as gradual as possible. The less you are on the gas paddle the less gas you use. Similarly, if you are braking hard, you could have gotten off the gas peddle sooner. Driving slower and in control is going to help you save money.
67) Start a garden
Gardening can be a great inexpensive hobby if you have the right yard. Find a place you feel comfortable tiling up, plant some seed, watering, keeping it weed free, and you are off to providing healthy food for your entire family. Gardening is a great way to get outside and get some exercise too.
68) Cut your own hair at home
How much do you pay monthly to have your hair cut? I know as a guy I pay around $20 every month, over $200 a year! Seems crazy for something you can do on your own right? While I was working in law enforcement I use to buzz my own head on a weekly basis and it was FREE. Not the best look of all time but it worked and saved a lot of money.
If your looking for a great set of hair trimmers check out Amazon’s large selection.
69) Pack your own food for road trips
If you’re planning a road trip or vacation take the time to pack your own food to eat on the go. This will prevent you from stopping multiple times during the trip, driving around, wasting gas, adding time to your trip, and spending money on fast food. Fast food chains conveniently placed right off the highway are always going to be inflated in price.
70) Stop speeding when your driving
How many speeding tickets have you gotten in the last 5 years? Don’t all raise your hands at once (lol). Speeding tickets are expensive, sadly I know from experience. Not only are you wasting money on paying your tickets but your insurance premium is going to increase due to you being a “risky driver”.
Did you know anytime you travel over 60 MPH you MPG decrease drastically? Slow down it’s not worth the extra cost.
71) Read more
How much are you spending reading this article, nothing? Reading is one of the cheapest hobbies around! Head over to your local library and browse for books your interested in. Reading more will help you save money and grow your intellect. Check out our list of our favorite personal finance books.
72) Go on hikes
Hiking is an awesome way to exercise and get out with nature. If it’s your first time going out start out on a small hike and work your way up. Hiking is challenging but the reward at the top of the mountain is unbelievable! No gym needed here hiking is completely free.
73) Go camping instead of a nice expensive hotel
Camping offers so many benefits over an expensive hotel. For a fraction of the cost, you get to spend time with nature, get dirty, eat some bugs (kidding), and spend time relaxing around a campfire with your family.
Some campgrounds charge as little as $10 a night, compared to hotels that’s a steal! If you’re nervous about giving it a try buy a cheap tent at Walmart and set it up in your backyard. Spend the weekend “practice camping” to see if you have what it takes.
74) Take your time when making a large purchase
Never rush into making a big purchase, it can wreck your financial freedom quickly! Buying a house needs to be taken seriously. It’s best to take as much time as your need, plan it out, and make a pro’s and con’s list. It’s also a good practice when making a big purchase to consult family and friends. Using a third party eliminates the emotional part of buying, offering you some great insight.
75) Buy a small house that’s easy to maintain
We currently live in a 1,300 square foot house that is the perfect size for us. A smaller house is easier to maintain, cost less to heat/cool, easy to keep clean, and uses less electricity. You do not need an enormous house to live in. Buy something modest that is easy to maintain and fit’s within your budget.
76) Stop buying junk food
It’s much easier to put weight on than take it off. It’s also much easier to spend money than save money. Junk food is fine to have within moderation but having it a staple in your diet is never a good idea. The health costs with being overweight far outweigh the costs of buying whole grain, vegetables, and lean proteins.
77) Have all your expensive electronic devices on an electrical surge protector
You paid good money for your entertainment center and laptop. A surge protector will prevent these devices from getting damaged during a lightning storm. A basic surge protector runs your anywhere from $10-$50 and is worth its weight in gold.
Speaking of electricity did you know that electronic devices turned off but still plugged into the outlet are still using power (phantom power)? If you really want to save money unplug any device that you do not use on a regular basis.
78) Utilize your library
Libraries have more than books. Take advantage of their DVD collection, magazines, and desktop computers. You pay taxes for your local library you mine as well use the services they provide.
79) Always buy used vehicles to avoid depreciation
New cars depreciate close to 75% of their value within the first 3-4 years. To save money always buy used vehicle when it’s time to upgrade. It makes no sense to be a part of the major depreciation that happens on new cars. Also if you can avoid it, don’t finance a car, cash is king. Financing anything that is constantly losing value is a terrible investment.
Buying a new car straight out of college is a great way to wreck your financial future. A new car is a status symbol if you can get over that you can save a lot of money!
80) Keep track of the maintenance done on your car
Bringing your car to the mechanic and telling them to “fix it” is a great way of handing over your wallet to them. As simple as it sounds many people don’t do it, keep track of the repairs done on your vehicle. Having an understanding of what has been fixed in the past will help you save money in the future by not having the same repair done twice.
Another great benefit of tracking your maintain/repairs is when you go to sell. A buyer is much more likely to pay a higher price when you took meticulous car of the car.
81) Take care of your belongings
Taking the simple step of taking care of your belonging will increase the lifespan of them. The longer you can maintain an item the more value you receive from it. I wear basketball shoes with holes in them for a reason, to save money by not having to buy new ones.
82) Buy household staples in bulk
Nonperishable items you use regularly on a monthly basis should be bought in bulk. Toilet paper, paper towel, trash bags, and laundry detergent are all likely to save money if you buy them in bulk. Buying in bulk comes with a higher upfront cost but the cost per item is significantly lower.
83) Buy your plan tickets on Tuesday afternoon
A little travel hack we have learned along the way is always buying your plane tickets on Tuesday afternoons. Prices on plane tickets fluctuate all over the place. If you are planning a trip give yourself a good month to watch plane tickets prices. Once the right deal comes along hop on it.
Priceline is a wonderful search tool to find cheap airfare.
84) Plan out your vacations
Vacations are expensive! If you are like us and love traveling build a vacation fund right into your budget. Spreading the savings out throughout the year make it less of a burden when your vacation comes around.
85) Go through your monthly bills and negotiate lower pricing
Having a monthly budget has countless benefits. One of our favorite benefits is seeing when a bill goes up. Sifting through your budget every month makes it simple to see when a company raises your bill. When this happens to give them a call and find out why. Most of the time it’s a promotion that ran out. Ask them to keep the price where it was at, you will be surprised a majority of the time they will.
86) Look for low-cost areas to live
Using a tool like the one found on Money.com is a great way to do some research on the cost of living before moving to an area. Having an understanding of the cost of living in certain areas can help you make the savviest decision on where to live.
87) Own a large freezer to store food
A large freezer is worth its weight in gold after the initial purchase. Check craigslist out to see if anyone is selling one used #Savvy. Buying in bulk and having a place to store your food go hand in hand. A large freezer will prevent you from having to throw out and waste your food.
88) Fix things yourself
Learning how to be a handyman or woman can save you a TON of money. The cost of a plumber just showing up to your doorstep is going to cost you anywhere from $50-$100 for the visit, not including the work done. Learning simple jobs like fixing a leak, replacing the O-ring on a toilet, and replacing an outlet are great ways to save money.
89) Use youtube for entertainment
The longer YouTube has been around for the more content it gains. If you’re struggling to find entertainment YouTube is a great alternative with a variety of content. Some of our favorites are daily vloggers like Gary V, Casey Neistat, and Roman Atwood.
90) If you live in a large city, use public transportation
Owning a car in a large city like New York is a total waste of money. Most large cities have a great public transportation, use it. The cost savings on using public transportation over owning a car is significant. If your lucky enough work might be close enough to walk to every day.
91) Set up automatic payments for your loans
Trying to pay off your student loans? Many lending companies will offer a reduction in your interest when you sign up for automatic payment. This is the most efficient way to never miss a payment. It’s also extremely convenient to not have to go in each month, transfer funds, then pay the bill.
92) Stay out of debt
Debt can be a very scary thing especially credit card debt. You should avoid debt at all costs. A rule we like to follow is if you can’t pay cash for it, you don’t deserve it (besides a house). Paying interest on finances items is like throwing your wallet out of a moving car.
If your interest on your debt is low enough you might be better off investing and paying the minimum. Consult a professional financial advisor before making any decisions.
93) Set saving goals up every month with your budget
If you truly want to save money, set up a budget to do so. Every month when you are going over your budget decide how much you want to save. Take that goal and put it right in your budget, your cash left over at the end of the month should be zero, every dollar should have a purpose. The only way to achieve financial success is talking about it and making a plan.
94) Make garage routine
Looking for a lawn mower, set of plates, kids toys? A garage sale can be your best friend. Do some inventory around your own house, you probably have way more than you need. Run a small garage sale over the weekend and earn some extra cash for items with zero value to you.
A quick story. When I was fifteen I found a 55 inch rear projector TV on the side of the road. I called my dad and we picked it up in the van (not sure how it fit). After getting home I took it apart to discover why it was not working properly. I could never get it to work again but I did sell the motherboard on eBay for over $200! The saying one man’s garbage is another man’s treasure is so true.
95) Buy LED lights and install them throughout your house
LED household lights are a great long term investment. The upfront cost can be kinda scary as they are not cheap, especially if you plan on using them throughout your entire house. LED lights use far less electricity than indecent lights, helping you save money on your utility bill. Do some research on how much you will actually save before jumping all in.
96) Buy quality appliances that will last
We have all seen those $20 appliances that are shown all over the TV, in most cases they are junk. Appliances are items you use on a daily basis in your house. Take the proper steps to make sure you are getting a quality appliance. The last thing you want to happen is to buy a piece of junk that breaks a month down the road.
97) Stop using credit cards if you can’t handle it
If you are holding a balance on your credit cards you are throwing away money left and right. Interest rates on credit cards are astronomical. The proper way to use a credit card is paying off your balance each and every month. If you struggle to do that you might want to consider switching to a cash system instead.
98) Plan your meals around what’s on sale
Grab your local grocery store flyer and use it to plan out your meals. If there are items on sale you are already going to buy, great! Using the stores discount flyer is an excellent way to save money on items that you can plan your entire weekly meals around.
99) Avoid stress online shopping
Shopping while you are stressed is never a good idea. Throw in online shopping and you’re in for an empty bank account. Try to avoid stress shopping at all costs, it can be difficult but self-control goes a long way in personal finance.
I am completely guilty of this. While working as a jail deputy I would use Amazon as my stress reliever. It seemed like we had a packaged at our door every other day. There are good and bad ways to handle your stress shopping is not a good one.
100) Stop drinking every weekend
As millennials, we are notorious for going out every weekend and drinking. Spending $30 at the bar every weekend is insane! You’re so much better off investing that money or paying off your debt. There is nothing wrong with drinking with your friends every now and then but going out every single weekend is hindering your ability to save money.
A good alternative to the bar scene is going to the store and buying your own alcohol. Invite some friends over for a campfire or to watch the game. Staying at home is always going to help you save money.
101) Stop killing yourself by smoking
If you’re a smoker you already know how expensive your habit has become. Smoking is not only an expensive habit it’s a potentially deadly one. If you want to save a crap load of money and add years back to your life, the best thing to do is stop altogether.
There are a lot of products to help you quit smoking. Give one a try and if it doesn’t work try another. It’s going to be worth the effort.
102) Buy video games that have long playtime and don’t get old quickly
If you enjoy playing video games like I do you understand what “playability” means. Buying brand new $65 games that you are only going to get a few hours of enjoyment out of is not worth it. When buying a new game try to find one that you will get hours upon hours of playtime with.
I have found that all sports games have a very good playtime and rarely ever get old quick. And let’s be honest you can never go wrong with call of duty!
103) Cut your own lawn
Time is limited and very valuable in life. Depending on the size of your yard it most likely does not make sense for you to pay someone to do it for you. Just like anything in your budget a little bit here a little bit there all adds up.
Strap up some old sneakers, put on some sunscreen, and head outside and cut your own lawn.
104) Stick to wifi so you don’t go over your data
It’s almost impossible to find an unlimited data plan now. Whenever possible make sure you are using wifi so you do not pay overage fees. Most providers will have an app that you can download to track your data usage. Verizon has a nice text feature that you can turn on to text you when you getting close to your data limit.
105) Embrace the frugal lifestyle
Being frugal by definition means simple and plain costing little, get the most value out of every dollar. For some being frugal is looked down upon. It should be common sense, you work HARD for your money, so get the most value out of it in everything you do.
Drive your car into the ground, wear your shoes until they have holes, don’t upgrade your phone every two years, buy generic rather than name brand, save more than you spend, own a small home, eat your house dry once a month, all of these frugal habits will help you save money.
106) Understand needs vs wants
We saved the best for last. Learning how to say no. Understanding the difference between wants and needs is a fundamental step in learning how to save money. Once you understand the difference your money will be spent much more $avvy!
What have you found most helpful in saving money every month?
What saving money tip did we miss?