Looking for a few simple ways to save money? Here’s simple ways to save money.
Saving money isn’t always easy.
For many of us, our budgets already seem pretty tight, and it’s hard to imagine where we’ll be able to find more areas to cut.
If you are looking for a few simple ways to save money, then you’re in the right place! Here are 30 simple ways to save money:
- Make a budget and stick to it.
- Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours.
- Limit credit card purchases to those you can pay off in full at the end of the month.
- If you use a debit card, don’t rely on an overdraft feature to spend money you don’t have.
- Take advantage of discounts and/or rewards programs in your local stores and the community.
- Save money by buying items in bulk.
- Bring lunch to work. If buying lunch at work costs $5, then you could save about $500-$1,200 a year.
- Save your loose change. Putting aside $1 a day over the course of a year will allow you to save $365.
- Cancel newspaper and magazine subscriptions.
- Get a receipt for everything you purchase. Stack and review them at the end of the month to see where your money is going.
- Ask your physician to consider prescribing generic drugs.
- Avoid bouncing checks or overdraft fees each month. This saves you around $30-$45 a month.
- Make your monthly credit card payment on time.
- Keep your car engine tuned and its tires inflated to their proper pressure.
- Live relatively near your workplace. If this is not possible, try to walk, bike or take a bus to work.
- Weatherproof your home and save big on unwanted heat or cooling loss.
- When shopping for clothing, look for sales at discount outlets. You may also consider purchasing previously-used clothes from other second-hand stores like Value Village, or school or church thrift sales.
- Use local newspapers and websites to learn about free or low-cost parks, museums, film showings, sports events, and other places which you and your family would enjoy.
- Plan gift-giving well in advance to avoid expensive, last-minute gift shopping.
- Cancel extra cell phone feature.
- Cancel home phone service altogether in favor of cell phone service only.
- Try switching your internet service to another provider in order to take advantage of new subscriber deals or promotions.
- Save on TV and entertainment fees.
- Use utilities wisely.
- Take time to shop around to find the best rates on your insurance whether it’s auto, home, life or other types of insurance.
- Take a bus or carpool to save on gas.
- Appeal your property taxes if you believe the appraisal they’ve given your home is incorrect
- Instead of paying hundreds of dollars a year on mortgage insurance, your best alternative is to apply for your own life insurance coverage.
- Pick a bank that allows you to save more money. Some banks offer no ATM fees, free cheques, high interest on savings accounts, no overdraft fees, and even better interest rates and perks.
- Try paying you bills online instead of mailing in a check. Less mail and fewer envelopes to open also means less hassle for you — and less paper waste in the landfills.
I hope you find these tips helpful!
Do you have any simple money-saving tips you would like to share? Please share in the comments below.
Have a great day!