6 Money-Saving Tips That Will Blow Your Mind (2024)

There are plenty of ways to save moneymake a budget, spend less, cook dinner instead of doing take-out again—and if you’re trying to cut your expenses, you've probably tried (or at least heard about) them all. But even for those of you who’re already doing all the right things, here are a few more uncommon tricks to saving a few bucks here and there.

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6 Money-Saving Tips That Will Blow Your Mind (1)6 Money-Saving Tips That Will Blow Your Mind (2)6 Money-Saving Tips That Will Blow Your Mind (3)6 Money-Saving Tips That Will Blow Your Mind (4)

1. Make a Food Calendar to Stop Wasting It

Be honest: How often do you realize that you let your milk, leftovers, or veggies go bad? Your secret is safe with me, but know that every time you throw out that (gross, mushy, smelly) expired food, you're throwing away money.

If you do this often, I recommend putting a calendar on your fridge, with a pen tied to it for easy access. When you return from the store and put your groceries away, write down the date your milk will go bad (“November 27:Milk expires”) or how long you have to eat those chicken breasts. What I love about this is that it serves for good dinner inspiration—“Oh, I have to eat those mushrooms and that chicken" can lead to Thai Chicken Coconut Soup with mushrooms if I'm inspired, or a simple chicken breast with sautéed mushrooms if it's been a long day.

2. Use Ingredients That'll Grow Back

I know this might sound crazy, but instead of throwing out—or even composting—your kitchen scraps, look into what can actually regenerate. By putting the root of lemongrassin a glass jar with a little water or re-planting the end of your onions, you can (almost magically) end up with free food!In fact, there are at least16 foods that'll grow backfromthe bits and pieces you have leftover.

3. Choose Your Heat Source Wisely

In the winter, use your oven as often as you can find the excuse to. It'll keep your home toasty, while reducing the need for another heat source (which you likely need to pay for). Conversely, in the summer, using your microwave instead of your oven will keep the temperature (and A/C bills) from skyrocketing.

6 Money-Saving Tips That Will Blow Your Mind (5)4. Stop Buying Fabric Softener

I love soft fabrics as much as the next lady, but instead of spending money on all those expensive brands, you can makewool dryer ballsthat serve the same purpose. Two extra incentives to try this simple craft: You can pick whatever scent you want by adding essential oils, and you’ll cut your dryer time by 25-50%, cutting costs yet again!

5. Let the Internet Tell You When to Buy

Unless you're buying things at the last minute (which is almost always more expensive and gives you fewer options—so don't do it!), you have lots of choice as to what to buy and when. Try sites likeHave to Have to tell you when clothing items go on sale,Kayakto get fare alerts on flights, or CamelCamelCamel to create wish lists and get notifications when items from Amazon are discounted. Why pay $150 for those boots if you could pay $90, right?

6. Get Your Car Into Shape

According toThe Simple Dollar, “a clean air filter can improve your gas mileage by upto 7%, saving you more than $100 for every 10,000 miles you drive in an average vehicle." That just seems like a no brainer, especially how easy it is to clean your filter with just a vacuum cleaner.

And while you're in the get-more-mileage-out-of-your-car sort of mood, make sure to pump up your tires to the recommended level—for every three pounds per square inch (PSI) that your tires are below the recommended level, you lose 1% on your gas mileage. Most car tires are actually five to 10 PSI below the normal level, so you could be improving your gas mileage by upto 3-4%!

What uncommon ways have you found to trim your budget?

Photo of woman saving money courtesy of Shutterstock.

6 Money-Saving Tips That Will Blow Your Mind (2024)

FAQs

How to save $10,000 easily? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

What is the trick to saving money? ›

Make a budget and make saving a necessary expense. Try out different budgeting methods until you find one you can stick to. Cut down on spending. Use budgeting apps to find out where you're money is going and look for places where you can cut back.

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.

What strategy is most effective for saving money? ›

10 Savings Strategies
  • Pay yourself first. Treat your savings like a bill. ...
  • Make savings automatic. ...
  • Pay installments to yourself. ...
  • Collect loose change. ...
  • Manage credit wisely. ...
  • Track your spending. ...
  • Consider ways to cut costs. ...
  • Make a plan for lump sums.

How to save $5000 in 100 days? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

How can I save $25000 fast? ›

By following these six steps, perhaps you can save more than $25,000 a year, too.
  1. Determine Your Take-Home Pay. You have to start at your base — and that means determining your take-home pay. ...
  2. Calculate Fixed Expenses. ...
  3. Forecast Your Variable Expenses. ...
  4. Budget Personal Expenses. ...
  5. Work Through the Numbers. ...
  6. Separate Your Savings.
Oct 26, 2023

What is the 3 saving rule? ›

This model suggests allocating 50% of your income to essential expenses, 15% to retirement savings and 5% to an emergency fund.

What is the 1% saving rule? ›

If you struggle to stick with a budget, try using the 1% rule for spending money. It's simple: When something you want to purchase exceeds 1% of your annual gross income, wait a day before buying it.

How to save every penny? ›

12 ways to save money every day
  1. Join loyalty programs to reap rewards.
  2. Shop with a cash-back credit card.
  3. Cancel subscriptions you aren't using.
  4. DIY when you can.
  5. Set up automatic bill payments.
  6. Switch bank accounts.
  7. Look for extra cash in your budget.
  8. Carefully scrutinize your spending.
Mar 31, 2023

Is $4000 a good savings? ›

Ready to talk to an expert? Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

What are the four walls? ›

In a series of tweets, Ramsey suggested budgeting for food, utilities, shelter and transportation — in that specific order. “I call these budget categories the 'Four Walls. ' Focus on taking care of these FIRST, and in this specific order… especially if you're going through a tough financial season,” the tweet read.

How do you pay yourself first? ›

What is a 'pay yourself first' budget? The "pay yourself first" method has you put a portion of your paycheck into your savings, retirement, emergency or other goal-based savings accounts before you do anything else with it. After a month or two, you likely won't even notice this sum is "gone" from your budget.

How to divide money in a bank account? ›

The simplest way to set up your bank accounts is by having one bank account for fixed expenses, one savings account for savings expenses, and one chequing account for variable costs. Pull out your calculator and total up each of the three categories in your budget.

How to avoid debts? ›

8 Tips to Avoid Debt
  1. Build an Emergency Fund.
  2. Create a Budget and Stick to It.
  3. Develop a Savings Habit.
  4. Keep Track of Your Bills.
  5. Pay Your Credit Card Bill in Full Each Month.
  6. Only Borrow What You Need.
  7. Maintain a Good Credit Score.
  8. Use Caution With Buy Now, Pay Later Plans.
Feb 29, 2024

How long should it take to save 10K? ›

How long will it take to save?
Savings GoalIf You Saved $200/monthIf You Saved $400/month
$5,00025 months13 months
$10,00050 months25 months
$20,000100 months50 months
$30,000150 months75 months
7 more rows

How can I save $10,000 in 4 months? ›

over the payment frequency, which in this case will be 10,000÷9. so that means you need to save 1100 and $12. per payment period to save up $10,000 within 4 months. if you wanna get started on your budgeting journey.

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