We all need tips on how to save money. Even more so now more than ever with this global pandemic making everyone unsure about where our futures are headed! Starting this blog helped me turn my side hustle into a full time career that paid me more than I could ever earn from a 9-6 job. Learning the right strategies, you can do the same here. While it was growing, money was tight and I had to learn multiple ways to pinch the pennies to stay on top. Saving money can be done by just making a few little changes in your lifestyle. But these changes don’t have to be painful. Take time to read the following list of 50 easy ways to save money and you’ll be surprised at how much money you can save over the course of a year just by doing so.
50 Easy Ways to Save More Money
I love using Groupon to save a ton of money on local merchants, automotive services, goods, entertainment and more. I can really stretch my dollars out with it and find some great deals I wouldn’t of otherwise.
If you have the space to freeze and store items in bulk you can really store up for main items and not go shopping too often.
Never, ever go grocery shopping when you’re hungry it just makes you hangry!
Stock up on items that you use the most and when they’re on sale, i.e. chicken legs, favorite cereals, soups, pastas, beans, grains, oatmeal, etc.
Join the largest online eco-friendly shopping club in North America and get paid loyalty dollars and rewards along with residual income just by referring others!
Always, always plan meals ahead of time! Easier said than done I know! But this can seriously save you a bundle! Without a plan ahead of time you’re more likely to grab something on the go on impulse and spend 3x the amount. If you can’t meal plan ahead at least go with some kind of list and stick to it.
Bank so that you don’t pay any fees and use a discount brokerage that minimizes my trading expenses. Watch out for hidden fees that your bank may be charging you. For instance, Bank of America will charge you $12.00 a month if you don’t have direct deposit.
Go to bankrate.com to research the lowest rates in your area or online.
When buying consumer items, always try to separate your “needs” from your “wants”. If you see something you really want at the time, wait and add it to your wish list for later. Then go back to it and see if it still holds as much value. You may be surprised.
When I find something that I “need”, I do comparison shopping or wait until it goes on sale. If I find the item online, I check Ebates or Coupons.com for money saving or additional cash back opportunities.
I always try to watch movies at home on roku (or use Netflix – $9.99 – $12.99 a month) instead of going to the movie theatre. However, since we still occasionally enjoy the theater, we only go when they have half price movie day.
Just make sure to sign up for your local theaters reward plan and you can earn free movies and snacks that way. And never purchase the refreshments there! The markup is just insane.
When making a big purchase, like a mortgage or a vehicle, make sure you negotiate and shop around for the best rate. This will save you thousands in the long run.
Drive with gas efficiency in mind by trying to plan the shortest trips accordingly. If your kids need lots of rides places set up a carpool plan and share driving duties.
In addition to reducing trading fees, I keep our ETF/mutual fund management expense ratios (MER) as low as possible by using indexed ETFs/mutual funds.
Get a Side Hustle/Part time job or Ask for a Raise
My friend Jenny developed an amazing course that trains you how to be a Social Media manager in just 1 months time! Social Managers get paid between $25 – $75 per hour depending upon where you live. There’s a huge need for them as companies don’t have time to do it themselves and don’t want to hire over priced marketing firms. A great benefit of this job is that you can do it from your house with just a computer!
More tips to save the most money
Save energy around the house with programmable thermostats and proper insulation. Get an assessment of your energy expenditures from your local power company. They usually provide them free of charge.
Turn off the lights, appliances, electronics etc… when not in use!
Perhaps invest in Solar energy if it will save on your energy bill considerably.
Do laundry once per week (that’s almost impossible if you have a lot of young kids, but try to be as efficient as possible):)
Limit showers/baths and the time spent in them.
Brown bag your lunch to work. Buy cheap, re usable storage containers rather than disposable plastic ones.
Prepare lunches in bulk and store them in individual plastic/glass containers.
Save eating out for special occasions and eat at home whenever possible.
Update! The Covid-19 pandemic has changed the possibility of going out to eat for now in some areas, but restaurants have pivoted and are offering their meals to go. Keep in mind that this can add up big time and save for only really special moments.
Perk your own coffee (or drink the free coffee at work). You could be socking away $65-$100 per month, depending what you order by eliminating that daily Starbucks or Dunkin Donuts order.
At almost $10 a pack for cigarettes – aside from the health risks, isn’t it worth thinking about quitting?
Cut down on alcohol purchases. Or shop at a discount store or a company that provides great deals on ‘subscription’ wine deals if you want good wine for a lower price.
Watch basic cable instead of the fancy cable packages. Do we really watch all those channels?
Combine your cable/internet/telephone with the same provider like At&t, Comcast or Frontier to take advantage of the discounts available. Or simply use roku, Netflix ($9.99 monthly) or an internet based program through Amazon.
Purchase term life insurance instead of universal life or whole life insurance. Shop around for the lowest rates. And you may want to pay a higher deductible on insurance products to reduce the premiums. Buy with quality in mind with the expectation that it will last a long time.
Never purchase magazine or newspaper subscriptions.
When purchasing a home, save for a large down payment to reduce mortgage insurance fees. That is a huge waste of money!
Purchase clothes when they wear out, not when they go out of style. You don’t have to keep up with the latest trends because they always come back anyway. Dress your clothes up with pretty accessories.
If you must buy the latest fashions try purchasing second hand from Poshmark.com, Swap.com, Facebook marketplace or your local Goodwill. You will be amazed at what people are practically giving away for a song!
You can even ship your clothes, toys, boots to Swap.com and make a little money back for yourself. (Provided the items are in very good/excellent condition) They even send you a Fedex label or you can print it out, it’s super easy.
16 Apps to Sell Anything for Quick Cash – These places have some amazing designer fashions that are sometimes new or practically like new! You can sell your stuff there too like gadgets, electronics and cell phones and make extra money.
Save Money On Food and Gifts
Start a garden and grow your own vegetables and herbs. After all, one green pepper in the grocery store is more than a dollar today.
If you don’t have enough space to start a garden, do it in your window. A window herb garden can save you from buying expensive herbs for cooking.
Think about becoming a vegetarian. Vegetables are very affordable compared to meat or poultry products. Never mind being super healthy for you! Mix your veggies with brown rice, cous cous, quinoa, lentils and all sorts of other proteins.
Stay away from fast food items. I know they have $1 special menu items but they’re poor for your health and will cost you more in medical bills in the long run.
If you have a baby, breast milk is still the best thing for babies brain development rather than formula.
If at all possible one parent or a relative should stay home with baby rather than opting for daycare. Daycare is so expensive and you practically have to earn twice as much as a daycare charges to be able to afford it.
If you must send your baby to daycare look into a quality home daycare that doesn’t charge as much. Or perhaps even start your own.
Puree your own version of nutritious baby food. Those present in market have other chemicals added into it which may not be as good or healthy for your child. You can puree ahead of time and freeze in ice cube trays.
Switch babysitting services with a couple in your neighborhood so you won’t have to pay extra for someone to look after your child. Sitters nowadays cost somewhere in the range of $15 per hour!
Try making homemade gifts rather than buying from stores. But don’t purchase more materials than you need.
Instead of dining out bring your family or friends to the park, the beach and have a picnic there.
Skip the spa and beauty salon treatments. Be a beauty DIY expert from YouTube videos! Join a beauty club where you can earn discounts and rewards.
Make your own shampoo, skin creams, scrubs and body lotions.
Start Working Remotely
There are more companies hiring remote workers than ever before. This list of site’s will connect you with places that hire legitimate remote workers for all types of positions from Admins to financial consultants, writers, graphic designers, engineers, transcriptionists, programmers, web developers and many more!
This post leads to hundreds of well known legitimate sites that are looking to hire people to work from home in a variety of different niches and all experience levels:
Earn Bonus Rewards
Be an usher to concerts or plays in order to get free special pass on these events.
If you are likely to be impulsive in buying -shop online put it in your cart and wait a half an hour. This will give you time to change your mind and decide that you don’t truly need it!
If you are someone who likes to give greeting cards then buy a package of blank notes and write your own messages. Hallmark cards are $6 for one card! Free E cards are great too. It’s the thought that counts. There are tons of ways to personalize them special!
This is just a short list of ways on how to save money which can be very helpful to achieve your financial freedom. I hope it can bring more money to your savings account and help pay off your debts.
What are some of the ways that you save money? Do you follow a frugal lifestyle? Please comment like and share this post on social! 🙂
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