10 Weird Ways to Save Money and Increase Your Savings (2024)

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10 Weird Ways to Save Money and Increase Your Savings (1)

10 Weird Ways to Save Money

If you are looking to increase your savings, here are a few ways to save money. Keep track of the money you save using these ten tricks and put those savings into your emergency fund.

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Grocery Shop on Wednesdays

Here’s one way to save money you might not be aware of — it’s cheaper to grocery shop on Wednesdays than any other day of the week.

Most grocery stores mail out sales flyers on Tuesdays so that they will hit your mailbox on Wednesday. Most sales at stores start on Wednesdays which means that you’ll get first dibs on any new sales that week. It’s a great way to save money and stock up on essentials before they sell out.

Also, a lot of stores will still honor the sales from the week prior so bring any flyers or coupons from the previous week and see if your store will honor them. Sometimes it really just depends on your store and the management there.

If you want to cut your grocery bill, eat less meat. Meat is more expensive than grains and produce.

If that’s too much of a sacrifice, try grocery shopping either really early in the morning or super late at night.

A lot of stores will drastically mark down meat that is close to it’s shelf life. Snatch it up at a deep discount and store it in your freezer. My local store always discounts meat early in the morning so if I get there before 9am, I can always score a few packages of beef or chicken at a deep discount.

Get your hair cut at a cosmetology school

Most cosmetology schools offer services to the public. This is a way for their advanced students to gain real world experience. Normally, the students working for the public have already completed their training and just need a certain number of hours of practical experience before they can graduate.

This means deep savings for you. You can get a quality haircut, color, extensions, whatever, for a fraction of the cost.

If you’re still nervous about letting a student near your hair, rest assured. The students are always overseen by instructors. So if something isn’t going right, there is someone more experienced to step in if needed.


Double check store apps

Before you head out the door, make sure to double-check stores sales on the internet. Knowing what internet sales are going on will help you save money in the store.

Also, download store apps for stores you shop at often. Many will have unadvertised sales on the app. Physical stores aren’t the best at updating pricing and sales. If you are armed with the internet price, you will undoubtedly save money.

If you’ve got the app, or have the internet price pulled up on your phone, you can potentially save some serious dough.

Don’t forget: You can shop online through Ebates and choose “pick up in store.” That way you make sure to get the online sale price and you earn cash back bonuses!

Use competitor prices

Many stores will price match if another store has the same product for a lower price. Even if the store doesn’t advertise that they match prices, it’s still worth asking if they will.

Walmart and Best Buy advertise that they price match. Best Buy will even match prices on Amazon. My husband and I bought a small flat screen for our bedroom from Best Buy. We found the same TV on Amazon for about $25 less. Our local Best Buy price matched the Amazon price and we were able to take home our new TV that day.

Don’t go to the grocery store so often

Your fridge may look empty but are you really out of food?

Try to cut down on going to the grocery store so often. There’s always something tempting at the store, or you pick up an extra item “just in case.” These little purchases add up.

If you limit your trips to the store, you’ll cut down on buying frivolous items.

Force yourself to use everything you already have. Get creative with rice, beans, canned goods- you know the stuff that gets shoved to the back of the pantry.

Buy gifts with discounted gift cards

It may seem counterproductive to buy gift cards when you don’t “need” them but hear me out.

You know you will need to buy gifts throughout the year. Holidays, birthdays, anniversaries – they keep coming whether you’ve got the money or not.

Instead of freaking out whenever one of these occasions arises, be proactive and buy gift cards when they are on sale!

Raise.com always sells discounted gift cards but they also have sales where you can get even more savings.

Cardpool has deeply discounted gift cards. Also, if you have some for stores that you don’t use laying around, you can sell them on Cardpool too.

Buy the gift cards when they are on sale and use them throughout the year as gifts or use them to buy gifts. Doing it this way will save you from having to shell out money you don’t have at the last minute.

Going out doesn’t have to break the bank

Saving money doesn’t have to mean living like a hermit. You can still go out every once in a while, just make sure you’re doing it smartly.

Always check for specials through Groupon. It’s a great way to snag specials and local restaurants, spas, and entertainment.

Many restaurants offer 2 for 1 nights. These are usually on weeknights. Our local Italian restaurant has a deal on Wednesdays where you get two entrees and an appetizer for $21.00. That’s a pretty cheap date-night if you ask me.

Also, check local listings for nights where kids eat free. Usually a simple google search will pull up local specials. You can also check out websites like mykidseatfree.com.

Another great way to go out but still save money is to go to food trucks. Our city hosts numerous events where there is a “food truck rodeo.” Essentially, all the food trucks in the area congregate around one spot. It’s a great way to try a lot of different foods and the prices are really reasonable. Plus you get to spend some time outdoors and take in the atmosphere of the city.


Use a price comparison tool

If you want to save time and money, check out online price comparison tools. These work as search engine extensions and alert you when there is a lower price on the same item.

InvisibleHand is a web browser add-on. You won’t see this tool until it finds a deal for an item you are shopping for. Since the prices are in real-time, you get the most current and accurate price. It shows a discreet notification when there are lower prices available on the product, flight, hotel or rental car you’re shopping for. It gives you a link directly to the lowest price.

PriceGrabber is another web browser add-on. Whether you know what you want or are simply browsing, you can save money with this price comparison search site. You can be as specific as typing in “iPhone 6” and get a list of price comparisons for that model at different online retailers or you can be as general as “iPhones” and it will bring up a list of all the iPhones available and the prices. If you decide to go with the general search and you find something specific you like within that search, you can click on “Compare Now” to get a list of retailers that sell it and compare the prices.

You can also check out sites like DailySale.com. This website grabs sales from all over the internet and posts them in one place. It’s also a great way to source items for selling on Amazon FBA.

Replace paper with cloth

Using paper goods may be convenient but it can get expensive. Think about how much a pack of paper towels cost. If you get the good ones, you’re spending at least ten dollars for an eight pack. To save money, replace the paper towels with sponges and rags.

Use spray disinfectant and a rag instead of disposable disinfecting wipes. Use your old bath towels and baby burp clothes as rags. Just throw them in the washing machine after a few uses. Clean sponges by putting damp ones into the microwave for a minute.

Take Advantage of the Sharing Economy

The “sharing economy” is just a buzzword for what people have been doing since the beginning of time, sharing.

The easiest way to do this is to barter with friends. You could offer to babysit in exchange for home repairs for example. Craigslist even has a barter section where people are willing to trade goods and services.

If you travel a lot, try Airbnb. People who have an extra room can offer it to guests for a cheaper rate, usually more than half off what you would pay for a hotel. I’ve used Airbnb a couple of times and have been happy with the results. And for other travel needs always use a site like Priceline to get the lowest price and save money on travel.

There’s also ride-share services like Uber and Lyft. Choose the “pool” option and save even more money by sharing your ride with another person.

Make sure to keep track of the money you save. Put it into your emergency fund or rainy-day fund. You will stay motivated when you can actually see your savings increase.

What weird money savings tips do you use? Let us know in the comments below.

Don’t Forget: You can make extra money too!

  • Take Surveys for cash and gift cards at Swagbucks. They have one of the highest payouts, making it easy to earn extra money each month.
  • Start your own blog! Blogging is a great, long-term way to make extra money in order to bump up your savings. Check out my tutorial here.
  • Earn Amazon giftcards by using Swagbucks. It’s free and super easy.
  • Don’t forget to use Ebates every time you shop online. You’ll earn cashback for stuff you were going to buy anyway.

10 Weird Ways to Save Money and Increase Your Savings (2)

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10 Weird Ways to Save Money and Increase Your Savings (2024)

FAQs

What is the 10 savings rule? ›

The 10% rule of investing states that you must save 10% of your income in order to maintain a comfortable lifestyle during retirement. This strategy, of course, isn't meant for everyone as it doesn't account for age, needs, lifestyle, and location.

What is the 75 15 10 rule? ›

This iteration calls for you to put 75% of after-tax income to daily expenses, 15% to investing and 10% to savings.

What is the 50 15 5 rule? ›

50 - Consider allocating no more than 50 percent of take-home pay to essential expenses. 15 - Try to save 15 percent of pretax income (including employer contributions) for retirement. 5 - Save for the unexpected by keeping 5 percent of take-home pay in short-term savings for unplanned expenses.

How can I save an insane amount of money? ›

How to Save Money: 23 Tips
  1. Make a budget.
  2. Say goodbye to debt.
  3. Set a savings goal.
  4. Save money automatically.
  5. Buy generic.
  6. Meal plan.
  7. Cancel some subscriptions and memberships.
  8. Adjust your tax withholdings.
Apr 5, 2024

What is Rule 72 in savings? ›

It's an easy way to calculate just how long it's going to take for your money to double. Just take the number 72 and divide it by the interest rate you hope to earn. That number gives you the approximate number of years it will take for your investment to double.

What is rule 69 in finance? ›

What is the Rule of 69? The Rule of 69 is used to estimate the amount of time it will take for an investment to double, assuming continuously compounded interest. The calculation is to divide 69 by the rate of return for an investment and then add 0.35 to the result.

What is the 50/30/20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How do you use the 50 40 10 rule? ›

The 50/40/10 rule budget is a simple way to budget that doesn't involve detailed budgeting categories. Instead, you spend 50% of your after-tax pay on needs, 40% on wants, and 10% on savings or paying off debt.

What is the 50 rule in accounting? ›

The 50% rule in accounting is a guideline businesses use to classify expenses. If an expense is more than half the cost of replacing an asset, it's a capital expenditure. This rule is important for companies to record expenses an keep proper financial records.

What is the 5X spending rule? ›

For a while, the answer eluded me, but eventually, I discovered that—whether they realized it or not—successful entrepreneurs follow a simple rule: Every dollar spent on growth must produce 5 dollars in revenue. I call this the 5X rule.

Should I split my 50 50 bills? ›

“I think it's almost not fair to split finances 50-50 without taking into account your partner's financial situation,” said Daigle, who is also a member of the CNBC Financial Advisor Council. “It's really important to get a better financial picture of what's going on with your significant other.”

When might the 50 30 20 rule not be best saving strategy? ›

But the exact breakdown between “needs,” “wants” and savings may not be ideal for everyone. If you're behind on your retirement savings or have a lot of credit card debt to pay down, you might want to allocate more than 20% of your take-home pay to that category.

How can I save $100000 fast? ›

7 tips for getting your first $100,000
  1. Figure out how much money you can safely save each month. ...
  2. Automate your savings. ...
  3. Maximize your employer-sponsored savings and investment accounts. ...
  4. Save your tax refunds and work bonuses. ...
  5. Pay off existing debt. ...
  6. Seek a raise or some other way to increase your income.

How to get money fast? ›

How to make money fast
  1. Become a rideshare driver. ...
  2. 2. Make deliveries. ...
  3. Take surveys. ...
  4. Pet sit. ...
  5. Sell clothes and accessories online. ...
  6. Sell unused gift cards. ...
  7. Earn a bank bonus. ...
  8. Help others with simple, everyday tasks.
5 days ago

How to save $100,000 easy? ›

Five tips to help you save $100,000 faster
  1. Live below your means and cut frivolous spending. ...
  2. Be hyper-aware of every monthly expense and ruthlessly cut back to save faster. ...
  3. Pay down high-interest debts like credit cards first. ...
  4. Find the financial institution that will get you the highest interest rate.
Mar 27, 2024

What is the 70 20 10 rule for savings? ›

The 70-20-10 budget formula divides your after-tax income into three buckets: 70% for living expenses, 20% for savings and debt, and 10% for additional savings and donations. By allocating your available income into these three distinct categories, you can better manage your money on a daily basis.

What is the 60 20 20 rule for savings? ›

If you have a large amount of debt that you need to pay off, you can modify your percentage-based budget and follow the 60/20/20 rule. Put 60% of your income towards your needs (including debts), 20% towards your wants, and 20% towards your savings.

What is the 50 30 20 rule for savings? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

What is the 7 rule for savings? ›

The seven percent savings rule provides a simple yet powerful guideline—save seven percent of your gross income before any taxes or other deductions come out of your paycheck. Saving at this level can help you make continuous progress towards your financial goals through the inevitable ups and downs of life.

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