Saving money doesn’t have to be a chore. In honor of my 40th year, I’ve compiled 40 easy and practical money-saving tips you can incorporate into your daily routine. Whether you’re a seasoned saver or just starting out, these tips will help you build better financial habits.
1. Ask Yourself: Do I Really Want It?
Before making a purchase, ask if you’d rather have the item or its cost in cash. If you prefer the cash, skip the purchase.
2. Find Cheap Meal Ideas
Use Pinterest to search for “cheap, easy, healthy meal ideas.” You’ll find endless recipes that fit your budget and taste.
3. Use Up Craft Supplies
Before buying new craft supplies, use what you already have. Create something amazing with your current stash.
4. Borrow Instead of Buying
Need something for a one-time use? Borrow from a neighbor or friend instead of purchasing it.
5. Buy Clothes Off-Season
Purchase clothes and shoes at the end of the season when they’re heavily discounted.
6. Avoid Unnecessary Bundles
Don’t bundle services you don’t need. The extra cost adds up over time.
7. Don’t Overcook
Plan your meals realistically to avoid wasting food. Cooking too much often leads to leftovers that end up in the trash.
8. Bake from Scratch
Making cookies, cakes, and muffins from scratch is easy and much cheaper than buying pre-made or mixes.
9. Stop Bad Habits
Evaluate and stop expensive bad habits, like smoking or vaping, which can drain your budget.
10. Find a Frugal Hobby
Choose hobbies that don’t cost much, like reading, hiking, or gardening, instead of shopping.
11. Scan Your Receipts
Check your receipts before leaving the store to catch any overcharges.
12. Avoid Temptation Catalogs
When you receive a catalog in the mail, throw it away without looking through it to avoid unnecessary purchases.
13. Use Natural Light
Maximize natural light in your home to save on electricity and improve your mood.
14. Check Unit Prices
Always check unit prices to ensure you’re getting the best deal, especially with shrinking package sizes.
15. Grocery Shop Alone
Shopping alone helps you stay focused and avoid impulse buys.
16. Use Less Product
Use less detergent, cleaning spray, shampoo, etc. Let products sit and work longer to avoid overuse.
17. Carry Snacks and Water
Bring snacks and water with you when you leave the house to avoid expensive and unhealthy purchases.
18. Stretch Meat in Meals
Use meat as a side or mix it into dishes to make it go further and save money.
19. Partially Dry Clothes
Dry clothes partially and then hang them up to finish drying. This saves energy and extends the life of your clothes.
20. Create a Capsule Pantry
Stock your pantry with versatile, staple items so you can make meals without frequent trips to the store.
21. Limit Streaming Services
Have only one streaming service at a time. Rotate subscriptions to watch everything you want without paying for multiple services.
22. Eat Out at Lunch
Dining out at lunch or during happy hours is often cheaper than dinner.
23. Don’t Spend Money You Don’t Have
Avoid buy-now-pay-later schemes. Save up and purchase items outright to stay within your means.
24. Check Expiration Dates
Always check expiration dates before buying to ensure you’re not getting food that’s about to go bad.
25. Enjoy Staying Home
Staying home saves money. Make your home a comfortable place where you enjoy spending time.
26. Try a Minimal Wardrobe
Invest in fewer, higher-quality clothing pieces that last longer and reduce the need for frequent purchases.
27. Prioritize Your Spending
Decide what’s important to you and spend your money accordingly. Don’t let others’ opinions sway your priorities.
28. Use Your Phone Calendar
Use your phone’s calendar for reminders about everything from appointments to changing air filters.
29. Cut Back on Socializing
Reduce costly social activities like dining out or attending expensive events if you’re trying to save money.
30. Drive Sensibly
Avoid tickets and accidents by driving carefully. It saves money on fines and insurance premiums.
31. Be Intentional with Media Consumption
Be mindful of what you consume on social media and the news. Avoid the temptation to buy things you don’t need.
32. Review Recurring Bills
Regularly check and negotiate recurring bills like insurance, internet, and phone plans to get better rates.
33. Choose Store Brands
Try store brands, which are often just as good as name brands but significantly cheaper.
34. Use the Library
Take advantage of your local library for free books, DVDs, and events. It’s a great resource already paid for by your taxes.
35. Unsubscribe
Unsubscribe from email lists and social media accounts that promote unnecessary spending.
36. Invite People Over
Entertain at home instead of going out. It’s cheaper and allows for more meaningful connections.
37. Keep Track of Subscriptions
Maintain a detailed list of all subscriptions. Review it regularly to cancel any that are no longer useful.
(for last 3 checkout my other articles)
These simple, everyday actions can add up to significant savings. Start with the tips that resonate with you the most, and gradually incorporate more into your routine. Happy saving!