Everybody wants to save money! But how would you feel if you could save money on everyday expenses? Here are 23 ways to do just that!
23. Shop at a Grocery Store That Gives You Rewards
Going to a grocery store with rewards will help save you money. You can get rewards points to save up and get you deals or you can sometimes get deals on what you purchase.
22. Make Coffee at Home
This can help you save a lot of money if you are a coffee lover. It is better to make your coffee at home because it is cheaper! Skip going to the coffee shop every day and you will be looking at great savings.
21. Shop at Thrift Stores
Shopping at a thrift store will not only save you money, but it is also better for the environment! Saving money and the planet all in one go? That is a win-win.
20. Use Energy-Efficient Lightbulbs
Using energy-efficient lightbulbs will help you save money on your energy bill. These lightbulbs not only last longer but they use less energy than regular lightbulbs.
19. Use a Reusable Water Bottle
Reusable water bottles will help you save money. They are also better for the environment! Bottled water is more expensive than filling up a reusable bottle. It also makes more waste.
18. Turn Off Lights When Not in Use
Not in a room? Then you should turn the lights off! This is a no-brainer and will save you money on electricity. Make sure you turn those lights off.
17. Cook Meals in Bulk
Cooking meals in bulk is a great idea because then you can freeze the leftovers to eat at a later time. You not only will save money, but you will save time on those days when you just don’t feel like cooking.
16. Bike When You Can
To save money, why don’t you hop on your bike to get to your destination? If something is close by, save the gas money and ride your bike. This will also have less emissions in the air, which makes it better for the environment.
15. Avoid Using Credit Cards
Credit cards are a great way to get into debt. It is best to avoid using them altogether, but if you must use them, make sure you pay off the balance in full for your next bill.
14. Shop Around for Car Insurance
Is your car insurance company giving you the best rate? It might be time to shop around to compare rates from other companies. You never know what money you could save!
13. Make Your Own Snacks
Skip the chips and opt to make your own snack at home! Not only will you be healthier doing this, but you will also save money on those pre-packaged snacks.
12. Use a Shopping List
Having a grocery list can help you stay on task while at the grocery store. You will be less tempted to buy random things when you have a list of all you need.
11. Get Rid of Cable
Cable has a lot of channels you are probably not watching. So why not get rid of it and opt for streaming instead? There is a little more flexibility with streaming, so it might be better to have that instead of cable.
10. Debt Elimination
If you have debt, that should be one of the first places you start to try to save money. All of the money you spend on interest rates can really add up. If you finish paying for debt and its interest, then you will be able to use that money for savings. The more money you have to save, the better!
9. Set Goals for Your Savings
Setting goals for your savings is a good idea. If you can see it, you can make it happen! Looking at what you want to obtain (such as a house) and then deciding how much you want to save will set you up for success for the future. Once you have those goals set, you will be able to know how much you can afford for your long term goals.
8. Put Money in Your Savings
When you get paid, set up your accounts so that a percentage will go to your checking account and a percentage will go to your savings account. This will make saving easy because you will be literally saving money without having to lift a finger. Save smarter, not harder!
7. Quit Smoking
Smoking is not the easiest habit to quit, but it will save you money if you stop. If you smoke a lot of packs of cigarettes, then you spend a lot of money buying them. Kicking this habit is not only good for your health, it’s good for your wallet.
6. Take a Staycation
Going on a vacation can cost quite a pretty penny. The plane tickets, the hotel lodgings, and the activities you do while away all add up. If you can, plan a staycation and save your money. You can do fun things in your own city and save money on transportation and lodging in the process. Having fun and saving money? That is the stuff dreams are made of.
5. Spend Extra Money To Save Money
Utilities are a necessity of life. You probably won’t get to save on them in the short term, but there are some long term things you can do that will give you savings in the future. You can invest in energy efficient things such as new windows or installing new insulation. These might cost you money now, but they will help you save later.
4. Save on Your Utilities
You can save on utilities by doing little things. You can lower the thermostat on your water heater by 10 degrees to save money. You can also install a tankless water heater which can give you savings from the traditional one.
3. Bring Your Lunch
It is cheaper to bring your lunch to work than to buy it. If you opt to bring your lunch everyday, you can have savings for the year to go towards something else. This easy step of not buying your meals is one that you can do to save money.
Read More: Should You Save Money or Pay off Debt First?
2. Create an Interest-Bearing Account
Savings accounts can help you gain interest on your money. It is important to keep your checking and savings accounts separate. You also can invest in some longer term options like a certificate of deposit or a money market account.
Read More: 20 Tips for Early Retirement
1. Annualize Your Spending
Looking at your spending habits in an annualized way is a great way to save money. If you spend money on little things each week, such as buying a soda from a vending machine, then the dollars really add up. Doing the math of what you spend on those little things will help you know where you stand and potentially help you save.
Read More: Are High-Yield Savings Accounts Worth it?