30 Ways To Cut Your Spending And Save Thousands a Year

30th January 2017

Saving money is really easy once you get started. Once you figure out what expenses you can cut and how you’re going to pursue your financial goals, the hard part is over. After you’ve set a routine and have stuck with it for a few weeks, saving money will become incredibly easy and even addictive. Yay for a good kind of addiction!

If you’re able to implement many of these saving tips altogether, you’ll be able to save thousands every year. I’ve saved hundreds of dollars just from cutting coffee alone. All of the tips I’ve listed are easy to do and will become effortless over time, so let’s get started!

If you’re interested in seeing how I’ve saved almost $5,000, check out the article here.

I’m now a blogger and live a minimalistic lifestyle, so I put everything that doesn’t go into bills directly into my savings. You can read my post on how to start a blog here.

Below I’ll include what you can do to save, how much an average person will save yearly, and other options to choose from to replace the spending habit. I put $$$ when the savings would really vary, just to clarify. Enjoy!
30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

1.  Cutting the coffee spending habit

Savings: $1,400+

How To Save: Invest in a Keurig and get your moneys worth in less than 20 days. Keurigs can last for years and you’ll not only save money but help the environment by ditching the Starbucks cups. 

This is the Keurig I use. I also use reusable cups, FYI! #Environment-Friendly

 

2. Clothes

Savings: $2400+

How To Save: Use Ebates to get cash back on online shopping. It’s seriously so silly NOT to use Ebates. There’s no tricks or gimmicks to it, all you need to do is go on Ebates, find the store you shop at, and you’ll get cash back. Ebates is basically an affiliate for the stores you shop at, which is why they make money and therefore give money to you. (More info pictured below). 

Get $10 just for signing up here. 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

3. Cut gas prices

Savings: $75+

How To Save: GasBuddy is an app and website that will tell you the cheapest gas in your area. While you’re at the gas station, pump up your tires. Deflated tires is a big no-no for driving, as you’ll get less gas mileage for every gallon. 

 

4. Negotiate your insurance premium cost

Savings: $240

How To Save: Ask for a cheaper premium or compare insurance company rates. I told my car insurance company that I would be looking around for cheaper premiums at other companies, and they let me know that they could cut my premium by $20. I didn’t want to cut my insurance type if it was really important, but she let me know that it wasn’t necessary. It’s kind of silly that I was paying an extra $20 for no reason! 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

5. Use Groupon for travel

Savings: $1,000+

How To Save: Use Groupon to find cheap travel destinations that include flight, hotels, food, and more. They even have SUPER cheap cruises! 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

6. Buy generic and pay 25% less

Savings: $100+

How To Save: Buying name brand is so silly, especially when the generic brand is usually just as good. 

 

7. Save Money On Food Without Clipping Coupons

Savings: $300+

How To Save: Use Ibotta and make REAL cash with the app by redeeming what you went to get at the store, and then taking a photo of your receipt through the app. It’s not only good for groceries, but clothing stores, and pretty much any retailer. I’ve made almost $100 on Ibotta so far, largely due to purchasing off Groupon through Ibotta’s app. (I made 40% back one time!)

Get $10 just for signing up here.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

8. Cut entertainment costs

Savings: $500+

How To Save: Use Meetup.com, FaceBook groups, and other social media outlets to find friends to do free things with. Meetup is awesome for finding hiking, running, cooking buddies, and more. 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

9. Start recycling clothing

Savings: $1000+

How To Save: Shop at thrift shops and events for recycling your clothing you don’t want anymore. We have a bi-yearly event here in Austin where you can bring the clothing you don’t want anymore and swap with others. Try searching this – your city SWAP.

 

10. $5 Meal Plan

Savings: $1000+

How To Save: Check out $5 Meal Plan for monthly meal plans, grocery lists, recipes, and a private FaceBook group. (Read below for more information). It easily pays for itself in one meal by cutting restaurant outings, last minute fast food trips, and more. You’ll also eat a lot healthier when meals are planned with whole, nutritious foods. Save your food receipts for a week and see how much you’re spending at restaurants. It’ll be a huge wake-up call! 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

11. Cut the gym membership

Savings: $240+

How To Save: Cut your gym membership and tak

e your workout outside. Download workout apps such as Sworkit or go on YouTube and check out Fitness Blender. There are a ton of free workout options to choose from. This is a really good option if you work in an office all day, as we all need a little sun on our skin every day. 

 

12. Cut cable

Savings: $1200+

How To Save: The average cable cost is $99, with that number increasing every year. Sign up for Netflix or Hulu and spend around $10 a month. If you’re like me, you’ll do none of those, and just watch videos on YouTube. 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

13. Save on restaurant outings

Savings: $300+

How To Save: If you love restaurant outings and don’t want to give that spending habit up, no problem! Groupon is seriously such a money saver for restaurant spending. Check out the deals going on in your city, and explore different food and cuisines! 

 

14. If you’re a blogger, check out Making Sense of Affiliate Marketing

Savings: You’ll make tons of $$$ if you implement her advice! 

How To Save: I just started affiliate marketing and hate that I didn’t use it sooner! I made $400+ in my first month of using it correctly. I highly recommend the course because affiliate marketing can be tricky and it needs to be done right. There are also legalities to it that a lot of bloggers don’t know about, which can lead to some trouble if not done correctly. 

You can sign up for her course here.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

15. Save your coins

Savings: $100-$500

How To Save: I’ve had friends that have made hundreds from the coins in their savings jar. I have friends that pick up coins they find on the ground and at the end of the year, it ends up adding up to hundreds! 

 

16. Read finance books and learn what they didn’t teach you in school

Savings: $$$

How To Save: Check out The Total Money Makeover, a #1 bestseller and has over 4,000 5 star ratings on Amazon. Figure out the most dangerous money myths and come up with a plan to pay off your debt for good. 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

17. Go on YouTube to fix things

Savings: $$$

How To Save: A woman recently built her entire house from watching YouTube tutorials, so I’d give fixing things a shot by learning how to do it yourself on YouTube. I fixed my car headlights own my own when I was 18, which was not only free but made me feel so good about myself! 

 

18. Save on travel accommodations

Savings: $1000+

How To Save: Check out Couchsurfing, WorkAway, or HomeExchange. 

 

19. Inbox Dollars

Savings: $$$

How To Save: Earn cash by taking surveys, playing games, and more. It’s 100% safe and legit and costs nothing to use. You’re paid with cash, not points, which is awesome! Sign up here.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

20. Cut your color your hair at home

Savings: $1000+

How To Save: I started cutting my hair at home, saving me $80 every 2 months on cuts. I also used to color my hair at salons, which would range from $100-$250 every 3 months. I know salon artists are going to hate me for saying this, so I’ll just end this here. #RIPhair 

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

21. See the world as an au pair

Savings: $2,000+

How To Save: See the world as an au pair and save money on accommodations, food, cell phone, and more. Certain families will pay for your own apartment, car, and more. I was in au pair for 2 months and I wouldn’t do it again (I rushed it into and found a random family that I didn’t mesh well with), however, if you found the right family, I’d highly recommend it. 

Read my article on how to be an au pair here.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

22. Order pet medications online

Savings: $200+

How To Save: Order pet medications on sites like 1-800 Pet Meds. We have to give our dogs monthly heart guard AND flea medication, which adds up to $50 or so a month at the vet. On 1-800 Pet Meds, the medication is usually $20 cheaper than the vet, which is some serious savings! 

 

23. Watch The Minimalists

Savings: $$$$

How To Save: Watch The Minimalists on Netflix and get your mind out of consumerism. We are living in a society that puts happiness on clothing, cars, bigger houses, and other products. While those things aren’t necessarily bad, we are buying it in excess. 

 

24. Start a blog

Savings: $$$

How To Save: Use Siteground, which is rapidly becoming popular bloggers favorite hosting ground. Rates start at only $3.95 a month. You can read my post on how to start a blog here.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

25. Wait 24 hours before you make a big purchase

Savings: $$$

How To Save: Don’t make impulse purchases, especially on costly items. 

26. Compare phone company prices

Savings: $240

How To Save: I switched from AT&T to T-Mobile, got unlimited everything, much better traveling coverage IN 195 countries, and I’m paying $20 less than I was with AT&T. Switch to T-Mobile if you can. Not sponsored, but wish I was. Haha.

27. Cut the alcohol and smoking habit

Savings: $2,400+

How To Save: A weekly $50 alcohol spending habit can amount up to $2,400 a year. Add in the smoking habit of $15 a week, you’re looking at a total of $5,280 a year. I quit smoking cold turkey a few years ago and haven’t looked back. You CAN and MUST do it, if not for saving money, for your health. 

28. Write down your expenses in a budget book

Savings: $$$

How To Save: Writing down what you buy is going to be a serious wake-up call, especially when you see how much you’re spending on restaurant outings. Seeing the numbers on paper will motivate you to start cooking more at home and saving money.

Here is an example of a budget planner.

30 ways to cut your spending and save thousands. If you implement these tricks and tips, you'll definitely be on the road to saving thousands!

 

29. Take your own lunch to work

Savings: $2,400

How To Save: Going out to lunch every day can amount to $2,400 a year if you’re going out 5 days a week and spending $10. That is a lot of money that could be going into savings. Get a reusable container and start bringing your healthy meals to work. 

30. Make your own cleaning products

Savings: $100+

How To Save: Cleaning products can have a lot of dangerous chemicals, which is why I advise making your own not only to save money but to create a safer living environment as well. Here is an awesome list of DIY cleaning sprays.

 

Do you have other savings tips you can share?

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21 thoughts on “30 Ways To Cut Your Spending And Save Thousands a Year

  1. Steven

    Hi Alexis,

    Great Tips for Saving some money.
    i know that feeling when you’re standing in front of a great product in the store.
    That’s the “i want it” feeling that costs us so much money, because of buying products we don’t really need but we wanted to have.

    Reply
  2. Marette Flora

    I find that tracking my expenses is so helpful to see where to cut back. One way we saved on our current trip is to buy groceries and stay in hotel rooms with kitchens to make our own meals.

    Reply
  3. Jen

    Great tips – pinning! I’ve written a couple of posts on how I save money over the years. You’ve touched on a lot of the ways I have here. Eight years ago when I was poor, single and a new mom, I bartered with other artists on Etsy for items I wanted/needed. It cost nothing but my time to make something to exchange with another artist and I made a bunch of great friendships!

    Reply
  4. Stephanie Jeannot

    Maybe I will download gasbuddy again. I remember how extraordinarily helpful it was for me in the past. I love my coffee though. Maybe I will make sure to make it more at home than buying it out.

    Reply
  5. Pingback: How To Start A Blog – Beginner Edition | FITnancials

  6. Terrin | momblah.com

    I love all these tips! I’m a bit further along in life than you (mid 30’s), but I can honestly say that the most effective thing in getting ahead in my finances was getting and staying out of debt! These tips, though none move the needle too much, can all add up to significant savings over time! Keep up the good work!

    Reply

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