188 Money Saving Tips to Save Money on Your Expenses (2024)

Are you looking for ways to save money or how to save money?

These money saving tips are about ways to help you spend less on your purchases. Or, spend nothing at all in some cases.

How to Save Money on Groceries and Food

1. Cook your food in bulk if it will all be consumed
2. Skip the drinks at the grocery store
3. Meal prep your food
4. Start a garden and grow your own food.
5. Cook at home as much as possible
6. Don’t be wasteful
7. Buy bulk quantities of food
8. Write a list before you go shopping
9. Plan out your meals
10. Drink more water
11. Avoid convenience store foods
12. Buy fruit and produce that is in season
13. Plan your meals around your grocery store’s flyer
14. Spice up your leftovers
15. Take your lunch to work
16. Get a crockpot
17. Eat less meat
18. Make your own beer and wine
19. Freeze meals
20. Use money saving apps like Ibotta
21. Don’t buy water bottles
22. Use potatoes, rice and beans to make meals more filling
23. Use frozen food
24. Buy unprocessed and raw foods
25. Cut out junk food
26. Make coffee drinks at home
27. Shop at discount grocery stores
28. Check the farmer’s market for good deals
29. Use a toaster oven
30. Eat leftovers

Ways to Save Money on Your Home and Utilities

1. Turn your thermostat down by 1 degree
2. Install and use smart home technology to reduce energy costs
3. Wash clothes and dishes on non-peak hours
4. Dry clothes at non-peak hours
5. Line dry clothing
6. Install energy efficient windows
7. Don’t run your dishwasher until is full
8. Turn off the water when you brush your teeth
9. Wear more clothes around the house when it’s cold
10. Use the oven to bake multiple meals at one time
11. Leave the door of the oven open after cooking to heat your home in the winter
12. Make sure your walls are properly insulated
13. Install solar panels
14. Switch off your monitor screen when you don’t use it
15. Reduce the water heater temperature
16. Clean your oven regularly
17. Shower at the gym
18. Seal the cold/hot air leaks
19. Unplug appliances that you don’t use regularly
20. Take advantage of your curtains or blinds by blocking the heat or cold outside and keeping the cool or warm air inside
21. Buy energy efficient appliances
22. Insulate the roof
23. Switch off your home heating if you’ll be away for a few days
24. Compare internet provider prices
25. Cancel your landline telephone
26. Turn off the television
27. Turn off the lights
28. Install energy efficient light bulbs
29. Install a programmable thermostat
30. Do home maintenance on a regular schedule
31. Make your own cleaning supplies
32. Buy or move to a smaller home
33. Put your electrical devices on a surge protector
34. Cancel cable or satellite channels you don’t watch
35. Borrow or rent tools
36. Do your own yard and landscaping work
37. Cut back on cleaning products
38. Cut back on paper products like paper towels and napkins
39. Wash only full loads of laundry
40. Use multipurpose cleaning products
41. Sell unused electronics before they get too old

How to Save Money While Shopping

1. Wait to buy something – the bigger the cost the more wait time
2. Look at your cart before checking out and leave items
3. Buy reusable objects
4. Evaluate every purchase in the amount of time needed to purchase it
5. Eat before shopping
6. Buy generic items (medicine, food, etc.)
7. Purchase quality items instead of cheap crap
8. Buy secondhand and used items
9. Get refunds on price drops
10. Get multiple quotes before you buy
11. Sign up for free customer rewards programs
12. Filter promotion emails to separate folder so you don’t see them every day
13. Compare prices at different stores/online
14. Avoid stress spending
15. Buy stuff out of season (holiday stuff right after the holidays)
16. Avoid the mall
17. Avoid your spending weaknesses
18. Use gift card exchanges
19. Look for coupon codes before buying
20. Check out consignment shops, facebook and craigslist
21. Don’t buy the latest technology
22. Avoid shopping for fun
23. Take advantage of sales
24. Take advantage of Amazon benefits
25. Negotiate the price
26. Take care of your stuff
27. Pick-up online orders at the store

General Tips for How to Spend Less Money to Save More

1. Learn to do-it-yourself instead of paying for it
2. Head to the library for free resources
3. Live minimally to decrease your wants
4. Cut your expenses with Artificial Intelligence – TRIM
5. Share memberships with family
6. Sell unwanted stuff
7. Make gifts instead of buying them
8. Try to repair stuff yourself – clothing, furniture
9. Quit smoking and other bad habits
10. Swap books, music, and DVDs
11. Cancel unused memberships and subscriptions
12. Rent out unused capacity (car, home, etc.)
13. Swap babysitting with friends and neighbors
14. Dress minimally and use capsule wardrobes
15. Move somewhere that reduces the cost of transportation and housing combined
16. Check out free events in your city or town
17. Get rid of services that you don’t use – cell phone insurance
18. Learn about the benefits that your company offers
19. Always ask for fees to be waived
20. Don’t beat yourself up if you make a mistake
21. Don’t buy extended warranties
22. Track your spending
23. Pay your bills on time
24. Stick to a budget
25. Identify your problem areas of spending
26. Take advantage of youtube to learn DIY
27. Trade services with other people
28. Make a list of free activities you enjoy
29. Take advantage of free and discounted days at places
30. Re-gift you unused quality gifts
31. Put a dollar limit on holiday gifts
32. Have a gift exchange for holiday gifts
33. Take advantage of birthday offers

How to Save Money Eating Out or Dining Out

1. Skip the drinks at the restaurant
2. Treat eating out as a privilege; not a convenience
3. Invite friends over to eat instead of going out
4. Avoid late night-drive throughs
5. Make restaurant favorites at home
6. Skip dessert at the restaurant
7. Use discounted gift cards
8. Buy an espresso machine and skip coffee shops

Ways of Saving Money on Debt and Loans

1. Refinance Loans
2. Pay off debt early
3. Make an extra mortgage payment
4. Take control of credit card debt with Tally
5. Negotiate interest rates
6. Use credit cards wisely
7. Take advantage of federal student loan automatic payment discount
8. Pay off credit card balances every month
9. Manage your credit score
10. Transfer credit card debt to a card with a 0% balance transfer and low or no transfer fee

Saving Money on Banking and Financial Services

1. Don’t pay fees on your bank account
2. Shop around for auto insurance
3. Shop around for home insurance
4. Consider if you really need life insurance
5. Get medical insurance that matches your medical needs
6. Sign up for credit cards that offer rewards
7. Avoid cards that have annual fees unless the rewards outweigh the fees
8. Switch cards with annual fees to no fees
9. Bundle insurance for discounts
10. Pay attention to investment management and brokerage fees
11. Take advantage of an HSA (if right for you) to save on taxes

How to Save Money on Transportation Costs

1. Inflate your tires for better gas mileage
2. Carpool with coworkers or through popular apps
3. Shop around for auto insurance
4. Take public transportation instead of driving
5. Do basic auto maintenance on a regular schedule
6. Buy used vehicles instead of new vehicles
7. Don’t speed for better gas mileage and so you don’t get a ticket
8. Clean or change out your car’s air filter for better gas mileage

Ways of Saving Money on Vacations and Travel

1. Pack food for trips
2. Create a travel budget
3. Use rewards points to book sleeping arrangements and transportation
4. Go to new places nearby first before traveling long distances
5. Use Air BnB or HomeAway instead of hotels
6. Don’t overpay for a rental car or rental car services
7. Travel in off-peak seasons
8. Chose vacations based on deals
9. Visit friends and family with extra room for you to stay
10. Travel with a large group to spread out the costs

How to Save Money on Health and Beauty

1. Work out using free videos
2. Don’t overspend on hygiene products
3. Strive to be healthy
4. Exercise and walk regularly
5. Do your nails at home
6. Cut your own hair
7. Create a beauty budget

Using No Spend Challenges for Saving Money

1. Don’t buy discretionary items for a month
2. Don’t buy anything one day of each week
3. Choose one item not to buy each month

Final Thoughts

We hope that some of these tips will help you to save more on your purchases and expenses.

It is so much easier to spend less money than to make more money.

So, anytime we can spend a little less, spend nothing at all, or invest in something to save money in the future, we are greatly improving our personal finances.