Saving a few bucks daily can amount to hundreds of dollars a month, or even thousands over the course of a year depending on how aggressively you save.
By following these money-saving tips, you can pay off your student loans or car, and even start investing some of your money.
Below are 50 ways you can save money each month.
1. Get cash back with apps
Both of the apps below are useful for anyone who buys things (which is everyone). I prefer Ibotta because the app is incredibly user-friendly and all you have to do is scan your receipts (you also get cash back on groceries, along with hundreds of other items).
Ebates is useful if you’re a regular online shopper. All you have to do is log on to Ebates, find the site you’re shopping on, and buy your items.
It’s really that easy and you’ll get a percentage of cash back by buying the item you’d be buying anyway.
2. Involve yourself in free or low costly hobbies
Instead of spending your time participating in costly hobbies, spend your time trying some of the following:
- knitting (I knit 1 project a month and the yarn costs me around $20)
- dog walking at your local animal shelter
- yoga on YouTube
- reading personal development books
3. Create a grocery list
Making sure you create a grocery list before you go shopping is crucial in saving money. This can even go for when you go to Target, Walmart, or other stores that carry thousands of different items.
4. Take advantage of email sign-up rewards
Make sure to sign up for emails for company’s you often purchase from. You’ll get sent exclusive offers that people wouldn’t get unless they signed up for their emails.
You’ll also get a sign-up bonus offer from the company which usually contains a free product or up to 30% off.
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 in order to succeed.
6. Find out what foods are in season
Finding out what foods are in season allows you to save money and eat plenty of healthy foods on a budget. The summertime is the best time for affordable produce since it’s in season and plentiful. Still, the fall and winter have many options when it comes to affordable healthy foods. Check out #1 listed here to find out what foods are in season.
7. 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!
8. Learn a language
Learning a language on a budget is easier than ever with all of the valuable free or low-cost resources available.
You can check out books and movies at the library or check out italki and get an online language teacher. I use italki to learn Korean with a teacher from Seoul, South Korea. You can also use the free app Duolingo, but I’ve found that having an actual teacher helps a lot more since you can ask them questions and they’ll make sure you’re pronouncing words correctly.
9. Practice Minimalism
Minimalism is the new craze lately and for good reason. Minimalism is the practice of living simply and living with fewer things. You’ll save a lot of money, have less clutter in your life, and feel more relaxed and happy by putting your happiness into experiencing life instead of experiencing “things”.
You can check out this minimalism guide here to get you started.
10. Sell your stuff
If and when you get into minimalism, I recommend selling your things instead of throwing them away or donating. While donating can be great and useful to others, if you’re trying to save and make money, you should be selling your goods instead. (and throwing away items that can be reused should always be a big no-no).
When J.D. and I moved to Austin from Colorado, he was going to donate or throw away most of his stuff. He made hundreds off of his stuff that I listed on Craigslist.
You can sell your stuff on or at:
- Plato’s Closet
- Facebook Marketplace
- Consignment shops
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. Compare gyms
Comparing gyms in the area and actually visiting the gyms to see what they offer is crucial. Ask yourself what you need the gym for. Is it the classes? Weightlifting area? Pool? J.D. and I recently visited a gym and they offered a million and one things, and we were ecstatic, but then came to the realization that we wouldn’t be using any of the extra amenities, and we’d also be paying a lot more.
Figure out what you need and don’t fall for the extra stuff.
Also, always ask to get the enrollment fee waived. Depending on the gym, you can save up to $100. If the gym is a corporate gym (like Planet Fitness) your odds of getting the fee waived are a bit unlikely, but if the gym is a local gym, you should definitely attempt to get it waived.
Related: Healthiest Foods For A Tight Budget
13. Workout at home
Or you can opt to workout at home.
A few free YouTube or apps offering free workouts are:
- Yoga with Adriene
- Fitness Blender
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.
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.
16. Use Mint
Mint is my favorite budgeting app because it lets me put a cap on my spending and tells me where my money is going. There’s nothing like seeing a coffee category and $100 next to it. All you have to do is link your bank account or credit cards and it’ll do the rest of the work for you. Everything is 100% safe and backed by security.
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 for 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 really 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 really 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 2 different gas stations marked 40 cents apart, which can add up to a lot of savings if you have a 15-gallon car.
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 definitely worth it as you can save hundreds of dollars over the course of a year.
26. Programmable thermostat
A programmable thermostat saves you money and time. Your AC or heat will turn off on a certain 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 really 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 really 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 on 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.
Below are a few articles to get you to start saving on traveling:
- How To Travel The World On A Tight Budget
- How To Save On Flights
- How I Got A Free Round Trip To Hawaii
- Pros and Cons of Airbnb
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
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
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 cannot be treated at home with someone who has absolutely 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.
If you don’t have health insurance for your pet, it’s definitely something you’ll want to think about. Embrace Health Insurance covers pretty much everything when it comes to taking care of your pet. Also, if your pet is healthy for a full year, you’ll get an annual bonus of $50.
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. At Scholarship Owl, all you have to do is fill out an application, and they search for compatible scholarships for you AND apply for you.
49. Join a clothing swap
Clothing swaps are hosted 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. If you’ve done any of these things, please feel free to comment below and start a discussion. I’ve never made DIY laundry detergent, so if you have, please share a recipe. Thanks for reading!
Are you interested in starting a blog and becoming a full-time blogger? If so, check out my FREE 7-day course that will tell you everything you need to know, including how to create your own blog from scratch, essential blogging tools successful bloggers use, how to monetize your blog, grow a loyal audience, and so much more!
What do you do to save money each month?
Like this post? Pin it!
Get exclusive access to the free resources!
Join 2,000 others to get access to 10+ free printables related to budgeting, traveling, and meal planning with new prints updated weekly.