55 Cleverly Simple and Highly Effective Tips on Saving Money

Simple and Highly Effective Tips on Saving Money

When it comes to saving money, many are at a loss for what to do, or how to do it. It can be easy to fall into habits of spending money unnecessarily simply because we don’t think much of it. Do you really need that morning Starbucks drink, or that membership to the gym you never go to?

By cutting down on excess expenses, as well as setting yourself a budget, you’ll be surprised at just how much money you can save each month. Read on to learn 55 savvy ways to save money.

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Over-All Finance Tips

1. Create a budget

500 X 400

This may seem obvious, but it’s surprising how many adults never actually take the time to write out a budget for themselves. Fortunately, there is a variety of budget calculators out there to make creating a budget easy.

2. Put into Your Savings Monthly

Another seemingly obvious tip, but worth stating nonetheless.

3. Create an Emergency Fund

You never know when that emergency fund may come in handy! Better to draw from this than your savings.

4. Save Loose Change

It’s sadly far too easy to let loose change slide through the cracks.

5. Put All Bills on Auto Pay

This tip saves you money preventatively by ensuring you don’t wind up owing any late fees for missed payments.

6. Track Spending

Another important part of creating a budget that works for you.

7. Only Pay in Cash

Paying with credit or debit doesn’t quite cause the same buyer’s pang as cash.

8. Pay off Credit Card Every Month

Stop that credit bill from piling up!

9. Refinance Mortgage

Check out one of the multiple finance websites in order to see if refinancing your mortgage could be a money-saving move for you.

10. Consolidate Student Loans

Check out earnest.com to see how you can consolidate your student loans and end up paying less interest.

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Ways to Save on Food

Ways to Save on Food

1. Eat in

Simple, but effective! Eating in is much more cost-effective than eating out, and usually more time-conservative, too!

2. Drink Water

It’s crazy to think how much we spend on $4+ drinks. Try opting for water instead; often it’s free, and it’s better for you!

3. Make a List When You Go to the Grocery Store

This can prevent you from buying nonessential items. Also, avoid shopping while you’re hungry.

4. Go to an Affordable Grocery Store

It’s crazy how different pricing can be between stores.

5. Eat Leftovers

This is a great way to save food and cash, and can be tasty, too!

6. Pack a Lunch

Try bring a lunch to work/school to cut down on those midday purchases.

7. Buy in Bulk

It’ll save you money in the long run!

8. Eat Less Meat

This isn’t to say cut meat out entirely—you can still maintain a healthy diet with a surprisingly little amount of that pricey meat by getting protein from other sources, like beans.

9. Make Your Own Coffee/Tea

This is a big money saver when you’re headed out on a trip!

10. Pack Food When You Go Away

Check out earnest.com to see how you can consolidate your student loans and end up paying less interest.

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Home and Transportation Maintenance

Home and Transportation Maintenance

1. Turn Off the Lights

This will save you loads on your power bill.

2. Buy Quality Appliances

While pricier initially, buying quality appliances that last will save you money in the long-term.

3. Live Somewhere Cheap

Try downsizing, or live outside the city so all your hard-earned money isn’t spent on rent.

4. Public Transportation

If available, this can be much cheaper than owning a car!

5. Keep on Top of Car Maintenance

While a hassle and a little pricey, keeping your car in good shape will save you a lot in the long run.

6. Fix Stuff Yourself

Instead of contracting someone else, try being your own handyman.

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1. Cancel Cable

With so many shows available online now, do you really need it? At the very least consider trimming down your package to only the essentials.

2. Limit Subscriptions/Trim Off Old Ones

This will probably save you more than you’d think.

3. Go for a Hike!

Enjoying the great outdoors is a great way to spend your day without spending money.

4. Go to the Library

Save on books, movies, and music. Find the library nearest you.

5. Volunteer

This is another free and rewarding way to spend your time, and sometimes volunteering can even help erase your student loans.

6. Volunteer at Events Instead of Go to Them

This is a great way to enjoy an event for free!

7. Make Your Kids Play Outside

Encourage them to go to parks when they ask for that new video game.

8. Have a Game Night

This is a great way to have fun with friends while avoiding the costs of going out.

9. Go to Free Events

Find out what’s going on in your area—a lot of it is probably free!

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Ways to Cut General Spending / Make a Few $s on the Side

Ways to Cut General Spending

1. Make Homemade Gifts

You’ll save a lot, and the gift will seem more personal.

2. Control Impulse-Buying

Try waiting a day or two before making that purchase, or look at some other tips for curbing that impulse buy.

3. Repair Clothing

Don’t throw it out; zip it up!

4. Yard Sales

A great way to make some extra cash and decrease clutter.

5. Go Generic

Usually generic is just as good and name brand.

6. Airbnb

Rent out that empty room and make some extra cash!

7. Make Your Own Cleaning Products

Making your own soap and other products can be surprisingly cost effective.

8. Save Coupons

Don’t let those coupons get lost and go to waste.

9. Take Smaller Vacations

You can have just as much fun going somewhere close by as on some big, expensive trip.​​​​

10. Go to Thrift Shops

You can find some real gems at thrift stores, and save a ton of money.

11. Cut Down Online Browsing

Cutting down browsing cuts down buying.

12. Downgrade Your Phone Plan

Make sure you only are paying for what you absolutely need.

13. Use Cloth Towels Instead of Paper Towels

This will save you common purchases and is better for the environment.



1. Cut Down on Expensive Habits

Stop smoking and cut down on drinking, it’ll save your money and your health.

2. Exercise at Home More

It’s good to stay in shape and be healthy, and this is a good way to entertain yourself.

3. Reevaluate Your Gym Membership

Do you really go to the gym enough to warrant that monthly payment? And if you do, are you going to the best value gym?

4. Term Life Insurance

This is usually all you need and much cheaper than whole life insurance.

Saving Money - Recap

There are numerous ways to save money in your everyday life. You can cut down on simple, excess purchases, engage in meal prep, look for free, alternative forms of entertainment, and even make larger adjustments to your financial life like refinancing your mortgage or consolidating student loans.

All these tips and tricks will have you saving money in no time, but what is really important is that you set a reasonable budget for yourself. In order to know if something is worth the cost, you must first know if your means can meet that. By establishing a budget, and honoring it, you will not only have a better understanding of your finances, you will find which best savvy ways of spending money are best for you.

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