Make sure you have your savings account set up because, with these insanely simple ways to save money, you’ll need a place to put it.
I wish I had learned earlier in life, the value of saving money but the reality is, I didn’t. Instead, I would spend without thinking twice.
I didn’t think about the family I’d have one day and all the things that come along with it like a home, Christmas, vacations, and though it’s a long way off, college.
Now, it’s something I consciously think about all the time, and I’m always thinking of ways to save more. I’m confident you’ll find as much value in them as I do.
Simple Ways To Save Money
1. Sell The Clutter
First things first; one of the most simple ways to save money is to go through your clutter. Utilizing the 30-day rule helps a lot.
Basically, if you haven’t touched it in 30 days, it needs to go. But before you throw it in the trash, decide if it’s something you can sell. If it is, that’s money in your pocket.
Some examples of places to sell include:
- Facebook Buy and Sell Groups
- Consignment Shops
2. Find A Different Mode of Transportation
Gas for our cars is a huge expense. Consider ways to cut back and put what you would have spent in a savings account.
Alternate transportation include:
3. Save On Utilities
Utilities can be a massive expense if you don’t get a handle on them. There are simple ways to save on all utilities; you just need to know where to look.
You can either cut the cord entirely or just get rid of the contracted provider. My family did this rely only on Hulu and Amazon Video. Note – Amazon Video is completely free given my Prime Membership. You can try it for FREE with a 30 day, risk-free trial.
- Unplug everything when it’s not in use.
- Turn down and insulate your water heater.
- Line dry your clothes, either outside or indoors on a rack.
- Wash clothes using cold water.
The best advice I can give and personally do myself is to get rid of the landline. If you’re in a region where the cell service excellent, you’ll save big by doing so.
Additionally, you can take that cell phone and do a pay as you go, instead of being in a contract.
You’d be amazed at how much water is used by letting it run while brushing teeth. If you simply turn the faucet off between rinses, you’ll be saving on your water bill.
You can also put in some shower heads that reduce the flow, saving you money that way!
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Groceries have, historically, been a significant expense for my family. That is until I implemented the following tactics.
- Make meals, rather than by them. Ingredients go a lot further than that pre-packaged meal.
- Use money saving (earning) apps like Ibotta. To date, I’ve earned $543.20 from using Ibotta.
- Meal Plan; go through your weekly circulars and plan meals according to what’s on sale.
- Buy generic brands.
- Don’t go to the grocery store hungry. LOL
5. Cancel Gym Memberships
“The world’s biggest treadmill is right outside your front door.” – My husband says that and it drives me CRAZY. LOL
As crazy as it makes me, it’s entirely true and the money being saved by not paying $30/month for a gym membership adds up to $360 a year.
6. Get Rid of High-Interest Credit Cards
Find a card with no Balance Transfer Fee and 0% on interest to pay off your credit card debt. If that doesn’t work, you could take out a personal loan to pay them off and save on interest. – Note – Most banks carry a requirement that if you’re consolidating credit card debt with a loan, you must close the cards.
7. Don’t Buy New.
When you’re in need of new clothes, consider shopping at consignment stores or Goodwill. You’d be surprised at the name brand clothing you can find at a portion of the price. Another option is to purchase discounted gift cards through Raise before making your purchases at major retailers.
8. Budget Travel
You’ll pay far less for travel in the off-season versus the on-season. As a result, you’ll be able to reduce your vacation fund significantly by taking advantage of that.
9. Save Your Change
My husband and I have a change jar that fills up about every 3 months. We’re able to get around $600 per year from it!
10. Cash Is The Way To Go
Budget yourself a weekly allowance and put that money in your wallet. We’re most likely to be more frugal when we do this.
What’s next? Try..
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