Whether you’re trying to save money and build an emergency fund, start a travel savings fund, or pay off your student debt, you’re going to want to read every single one of these helpful money-saving tips from the pros.
Below are 15+ money-saving tips that actually work!
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1. Find ways to make extra money
My best money saving tip is to find ways to make extra money. Then, either save as much of the extra money you are making, throw it towards your debt, put it towards some financial goal that you have, and so on. And, before you tell me that you have no time – the average person watches around 35 hours of TV a week!
Michelle Schroeder – Making Sense of Cents
2. Share expenses
3. Be patient
5. Live below your means
So many people try to save money while also driving a new car or paying high rent or mortgage. I think it’s essential to try to live with less and lower your overall cost of living. Maybe live with a roommate for a while, downsize to a smaller place, get rid of your car if you can. Then, when you’re ahead, slowly reintroduce these things back at a level, you can comfortably afford.
Kristin Hanes – The Wayward Home
6. Pay yourself first
I automatically have money taken out of my paycheck and deposited to my savings account and then whatever is left over is what I have to live on. I’ve saved a lot of money this way.
Cara Palmer – Cara Palmer
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8. Strong budget
10. Free entertainment
11. Cash back apps
Make sure to always use cash back apps whenever possible. My go-to app to save money is Ibotta. Ibotta lets you get cash back on hundreds of items, including groceries. You get $10 in your account when you sign up here Always pay in cash, and cut up your credit cards! If you’re downloading Ibotta on your phone, the app will ask if you have a referral code. Use my referral code: lwyxxrb and you’ll get $10 for signing up.
Melissa – This Blended Home of Mine
12. Use what you have
13. Combine coupons
Combine a sales price with a coupon for the absolute lowest prices at the grocery store. You don’t have to be extreme to save a lot of money. Even if you don’t think you’ll use coupons, you can always use them for household items like toilet paper. I haven’t paid for a toothpaste for over five years because it’s frequently free with coupons!
15. Bring lunch
You work 22 days per month, and if you can save a little every day, it will make a huge difference. After I switched from eating at my company’s canteen to bringing my food, I saved around 5$ per day. That is $110 a month. And not only that, when we cook, it’s not only for me but for my wife as well, so it’s a total of $220. Plus, we eat more healthy and the type of food we like.
Francisco Anes – Passive Income Wise
16. Schedule payments
17. Track money
Create a budget to know where your money is being spent. Cut out the fat and save the rest. Live well below your means.
Kelan & Brittany Kline – The Savvy Couple
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What are some of your favorite money-saving tips? Share in the comments!
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