50 Ways To Save $500+ Each Month (That Actually Work)

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Whether it be saving on flights, or eating healthy foods, saving money can become an easy thing to do simply by knowing these 50 tips and tricks.

Saving a few bucks daily can amount to hundreds of dollars a month, or even thousands over a year depending on how aggressively you save.

I paid off $40,000 in debt and have been debt-free since I was 24. The feeling of financial freedom is so amazing, especially because I once thought it’d never be possible, but it is. You can do this.

Take action now: Before we begin, take action now, and download the FREE Ultimate Financial Planner. Paying off debt and managing your finances can be FUN. Included is a bonus debt thermometer.

Below are 50 ways you can save money each month.

1. Get cash back with Ibotta

Ibotta is a free app that gives you cash back for making purchases on things like groceries, clothes, toiletries, and much more, which can all be very helpful when traveling.

It’s silly not to use Ibotta if you’re a regular grocery shopper and also have to buy things like clothes, toiletries, and pretty much anything else you’d find at a store like Walmart or Amazon.

If you sign up now, you can get $10 in your account by using my link here.

2. Learn How To Manage Your Finances

We get such little financial education in high school and college, which is why learning how to manage your finances is so important. 

With the Master Your Money Super Bundle, you can feel awesome about your financial future and learn from CPA’s, Certified Financial Planners, financial coaches, and a former hedge fund manager. 

For just $49, you get 45 books, courses and printables to pay off debt, budget like a boss, and reach your financial goals. 

I bought this bundle myself and love it – I’m currently reading the Full-Time RV Finance: Learn How To Afford Your Full-Time RV Travel Dreams. We want to RV full-time sometime soon, so my boyfriend and I are getting so excited about this ebook.  

Shown below is everything included in the Master Your Money Super Bundle. There is so much value here, and it’s worth checking out! 
What's inside the Master Your Money Super Bundle

3. Billshark (I saved $290)

Billshark is a MUST for anyone who has a cell phone, cable, internet, or insurance bill and wants to lower their bill.

And trust me, it works because I’ve used it myself on 3 different bills and I’ve saved $290.

Here’s how Billshark works:

  1. Send copies of your bills to Billshark. (I did this by uploading an online PDF of each bill).
  2. Billshark negotiates all of the bills you send in.
  3. You get notified if Billshark was successful. If they are, they take 40% of the savings. Ex. Billshark saved me $290 over the course of 6 months, so I pay them $116. I can do this in a monthly payment plan or all at once.

It’s definitely worth the savings and it was such an easy process. 

You can start lowering your bills with Billshark here.

4. Drop

If you’ve been following my blog for a while, you know I’m a huge fan of Ibotta. What I haven’t been a fan of with Ibotta is having to upload receipts. 

Drop is essentially Ibotta, but you don’t have to upload any receipts.

Your credit or debit card is linked to your Drop account, you automatically get points. You can get points from Uber, Walmart, HEB, Whole Foods, Instacart, and many others. You redeem points for gift cards. This makes saving money effortless. 

You can sign up for Drop here.

5. Plan your meals ahead of time

Prepping your meals ahead of time gives you the benefit of making sure you don’t run out to a restaurant last minute, which helps both your wallet and health.

$5 Meal Plan eliminates all of the meal planning and worrying and gives you everything you need to succeed.

6. Refinance student loans

Refinancing student loans with Credible can lower your interest rate, saving you thousands in interest and allowing you to make monthly payments that pay off your loans even faster. When my boyfriend graduates, we are 100% refinancing his student loans, which will most likely save us thousands of dollars over the course of his loan.

Here are some of the options that may be available to you:

  • Pay off loans faster
  • Reduce your monthly payment
  • Reduce interest charges and monthly payment
  • Relieve your co-signer of their obligations

You can get started with Credible here. Sign up takes less than 5 minutes. 

7. Check your credit score

Do you know your credit score?

Get your free credit score here (and no it doesn’t hurt your credit score!).

You’ll also learn strategies to improve your credit score.

A high credit score will save you money when you purchase a car, rent or purchase a house, take out a loan, or when you apply for a credit card.

8. Refund unnecessary fees

Cushion is an app that refunds bank and credit card fees.

You can expect refunds on things like late fees, overdraft fees, monthly service fees, account maintenance fees, ATM fees, credit card interest charges, late fees, and more.

9. Qoins

Would you like to pay off debt without even thinking about it? Stay with me for a sec because this isn’t some generic money-saving app.

Qoins helps you by using your spare change from everyday transactions to make an extra payment to your debt. 

Let’s say you go to Starbucks and pay for a coffee that is $3.71. Qoins rounds up your payment to $4.00, meaning $.29 goes to your debt. This might not seem like a lot, but it definitely adds up over time. Qoins has helped users pay off $4.5+ million with this method, so it must be working.

You can get started with Qoins here.

10. Follow this travel savings plan

Save $1000 in 10 weeks with this travel savings plan!

11. Ditch the coffee spending habit

I recently wrote a post on how to save at Starbucks and found out how many people hate Starbucks, LOL.

Still, most people are going to coffee shops and spending around $4 a day on coffee.

Ditching the habit or only going on the weekends can save you hundreds. Getting a Keurig and reusable K-Cups saves you a ton of money and helps the environment.

12. Set goals

Setting goals and planning to succeed ensures that you won’t get off track.

For example, you can set a goal to save $500 this month, and then write down the steps to get you to that goal.

You can challenge yourself to only eat out once or twice a week, do a no spend challenge (no clothes spending or electronic spending), and track your progress throughout the month.

Telling a friend of the challenge can even inspire them to do the same, which adds some accountability!

Related: How I Made $5,047 in August 2017 From Blogging

13. Digit 

Digit is a fun money-saving app that helps you save money for a particular goal.

Say you want to save up for a vacation, Digit will analyze your spending and automatically move money from your checking account to Digit when you can afford it. 

Digit knows exactly how much to save, and allows unlimited withdrawals so you can access savings at any time, and even has a 1% savings bonus.

Get 30 days free of Digit here.

14. Start using cash

Using cash instead of a credit card can help you spend less since you are physically seeing the money being handed over to the cashier.

When you swipe a credit card, it’s so much easier to spend money since you’re not seeing the money being taken away.

Related article: 10 Personal Finance Sentences That Will Help You Achieve Financial Freedom

15. Compare apartments

Figure out what you want in a gym and then start comparing apartments.

Same with #12, an apartment complex with a bunch of extra stuff might sound amazing, but you’ll end up paying extra (usually).

I like to use Apartments.com to compare prices, amenities (a gym would save me money), washer and dryer in unit (so I don’t have to find quarters once a week to do laundry), and stuff like that.

Also, I make sure that the apartment complex has walking areas and a dog park so that I don’t have to drive every time I want to take my dog for a walk.

17. Free ways to entertain children

Use these ideas to entertain your children on a budget.

Having fun and teaching children shouldn’t be costly all the time. Some of the best things in life are free!

18. Set automatic transfers

Most banks will let you set automatic transfers so that you can transfer a certain amount of money every week (or whatever you set it to).

By making these transfers automated, you’re making sure that money gets put into your savings as we can be forgetful.

It also eliminates the painful part of putting money away into savings since it’s done for you without you thinking about it.

19. Use the library

The library has tons of free resources available to everyone.

You can check out books, movies, workout videos, music, use their computers, and more.

Some libraries even let you check out items like kitchenware or gardening tools (I was so surprised when someone at my local library was checking these out).

20. Negotiate insurance rates

You’d be surprised by how much you can save when you tell your agent you’re looking at different insurance companies to see if you save money.

Mine, for instance, immediately told me that I could be saving money by taking off a few extra things that didn’t matter (why didn’t we do this sooner…?).

I ended up saving $20 a month.

Also, you can save by taking a good drivers class (it saved me a few bucks each month), and you can also get student discounts if you’re a good student.

Related: 20 Side Hustles Perfect For Moms

21. Learn how to take care of your car

Learning how to take care of your car is crucial in making sure it lasts a long time and doesn’t break.

Here is a list of a few things to know if you have a car.

22. Rent out a room

Do you have extra space in your house?

You should be renting out to Airbnb if you do have extra space.

A cool feature of Airbnb is them letting you know an approximate amount of what you’d get in your area if you rented out your room.

You get to meet cool people, host people from all over the world, and learn about different cultures without even leaving your house. 

Get $40 here if you’ve never used Airbnb before.

23. Use apps to save on gas

GasBuddy is a money-saving tool for people who want to save on gas.

It’ll tell you the cheapest gas in your area and will even reward you when you enter new gas prices in your area.

There have been so many times in my life when I’d drive down the road and see two different gas stations marked 40 cents apart, which can add up to a lot of savings if you have a 15-gallon car.

Related: 10 Apps That Will Save You Time And Money

24. Get student discounts on the following

You can get student discounts on pretty much everything, whether it be electronics, car insurance, fast food, clothes, and more.

Check out this list of student discounts here.

 College is expensive, and you should try to get back every dollar you can!

If you’re a student, you can get access to the STA Travel Discount Card that includes over 160,000 discounts.

25. Use Uber pool

Uber Pool allows you to save money on rides by sharing the car with strangers.

If you use Uber a lot, it’s worth it as you can save hundreds of dollars over a year.

26. Programmable thermostat

A programmable thermostat saves you money and time.

Your AC or heat will turn off on a particular schedule and some can even be connected with WIFI, letting you

27. Ditch the bad habits

Bad habits can impact your life more than you know.

Smoking, drinking, and not sleeping can not only hurt your wallet but your health, too.

I quit smoking cold turkey (I believe it’s the best way, but everyone is different), and I also put a challenge on myself to not drink alcohol for a year.

28. Fight your hospital bill

Healthcare in the U.S. is always quite the topic (don’t get me started).

I had health insurance through one of my past employers and ended up with a hefty bill of a few thousand dollars.

I ended up fighting the hospital bill by showing proof of how much I made at the time, and how I was not going to be able to pay it.

They ended up waiving it 100%.

Now, I’m always afraid to go to the hospital or urgent care (I went to urgent care once and got charged $500 for my visit).

29. Save up for Christmas ahead of time

A Christmas savings plan can help you by making sure you save enough money ahead of time on gifts.

Or, you can talk to your friends or family about starting a secret Santa gift exchange every year.

Less clutter in your house with things you don’t need and less money to spend. Start new traditions.

30. Volunteer more

Volunteering has more perks than most people know.

For example, a huge well-known music festival in Texas offers volunteers free tickets to their music festival, and all you have to do is volunteer for a few hours every day.

Volunteering for your city cleanup program or animal shelter also gives you access to monthly parties and you’ll meet new friends.

Also, volunteering is free and can be a lot of fun!

31. Cancel subscriptions

Canceling subscriptions like Spotify or Hulu can save you a lot of money over the year.

I know of people who have Amazon Prime movies, Hulu, and Netflix, so if you’re trying to save money and have all of these in subscriptions in place, choose the one you like the most.

Monthly box subscriptions have become quite popular over the past year, too, giving people stuff they don’t need.

The monthly box companies try to make it sound like a good deal by getting all of this stuff, but most of the time, its things you don’t need.

32. Practice responsible driving

Driving responsibly not only avoids tickets or uncomfortable situations with cops, but you also save on gas, too.

Driving above the speed limit and braking often leads to you using more gas than you need to, and obviously, increases the risk of accidents and hurting others.

33. Read personal finance books

Personal finance books can educate and inform people about topics that might seem intimidating or foreign.

Having basic personal finance information is key to succeeding in life and getting control of your money.

34. Save on travel

There are so many ways to save on travel to make it more affordable and not just a once a year thing.

35. Start an emergency fund

An emergency fund helps you in unexpected situations such as a hospital visit, car problems, or something of that nature.

36. Refer a friend

Referring friends to apps, banks (my local bank offers $100 referrals), Airbnb, and more can put money in your pocket.

All you have to do is share your referral link.

37. Make your own laundry detergent

This DIY homemade laundry detergent can save you a ton of money and you can see what is exactly going into your clothes that directly touch your skin.

Some detergents use chemicals that can be harmful to the body.

38. Use Groupon

I use Groupon for anything and everything.

The savings on Groupon are insane and extreme.

A few Groupons I’ve seen today are:

  • $50 for an eye exam and eyeglasses
  • $200 for a 2 day Carribean cruise
  • Workout leggings for $10
  • 90 Minute Massage for $45

39. Housesit

Housesitting is an awesome way to travel and get an authentic experience of a city.

You watch someone’s house (and maybe take care of their pets or garden, too), while they are away on vacation.

You save money by not spending on accommodations, and you get to see what it’s like to live in a city that is foreign to you.

40. Au Pair

Becoming an au pair was one of the coolest experiences I’ve ever had in my life.

I lived in Bologna, Italy, and took care of a 5-year-old for a few hours a day.

In exchange, I lived with an Italian family, got my own room and cell phone, free groceries, and made many European friends that I’m still very close to today.

I was able to travel to other countries on a strict budget since my Italian family knew how to travel like a local.

41. Compare cell phone plans

Comparing cell phone plans and figuring out what you need is essential to saving money.

For example, since I travel often, I signed up for T-Mobile since their international plan is free and I don’t have to pay extra like I would with AT&T.

42. Learn how to cook fancy meals at home

Learning how to cook at home is essential for good health and saving money.

It’ll decrease the craving and urge to go out to a restaurant and allows you to see what ingredients are being put into your food (who knows what they put in there at restaurants!).

43. Plan your own party at home

Planning your own party at home instead of going out can save you a lot of money.

Here a few party ideas:

44. Use Hopper to save on flights

Hopper can tell you when’s the best time to buy a flight. It’s incredibly user-friendly and will get you the best flight for the cheapest price.

Related: 11 Ways To Save On Flights

45. Ditch the YOLO mentality

Ditching the YOLO mentality is key to saving money.

The “You Only Live Once” mentality makes people think it’s okay to spend a ridiculous amount of money on shoes or something that they really don’t need.

This kind of mentality does way more hurt than good since it can create bad spending habits.

46. Cut your own hair

Cutting your own hair can save you hundreds of dollars over the course of a year.

I used to do this for awhile but realized my thick hair could not be treated at home with someone who has no haircutting experience.

Do this at your own risk.

47. Save on pets

Before getting a pet, make sure you have money saved and are prepared to spend money.

Pets can get into unexpected accidents or get diagnosed with diseases. And always make sure to get your animal spayed or neutered to decrease the stray population.

I wrote a detailed post on how to save money on pets that you can check out here.

48. Refinance your student loans

Refinancing your student loans can save you hundreds of dollars over the years. Here is a detailed post on how to do it.

Are you about to be in school or currently in school? Make sure you apply for scholarships.

49. Join a clothing swap

Clothing swaps take place in most cities as a way to buy cheap clothing from other women or men in your area.

You can get great discounts on clothes people no longer want anymore, and make some money off your used clothing you no longer wear.

50. Learn how to DIY

Learning how to DIY items can save you a ton of money. Here is a list of 50 ways to save money with DIYs.

As you can see, there are so many ways to save car insurance premiums to pets.

What do you do to save money each month?

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This Post Has 15 Comments

  1. We could do with something like Ibotta in the U.K. It sounds like a great way to save.

    1. It’s my favorite coupon app!

  2. I’m afraid of cash backs – such a boring and annoying procedure, and it looks like something is shady there

    1. Nope, not at all. The company (ex. Ibotta or Ebates) are affiliates for all the brands on the app/website, so they make a portion/commission on your purchase (without any cost to you). Does that make sense? That’s how they make their money.

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