Epic List of Money Saving Tips I Love

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Hey there! Welcome to my epic post of money saving tips that I love and use. I really hope that you find this list useful. We'll cover different sections from saving money on shopping to groceries to home maintenance to travel.

Feel free to pick and choose which money saving tips are right for you and yours! And if you get a moment, let me know any other great savings ideas you might have in the comments below.

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1. Save Money on Groceries

ReadHow to Save Money on Groceries and Still Buy Healthy Food here.
Imperfect Produce- Save money on fruits and veggies, and help reduce global food waste.

Plan your meals in advance
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Pack your lunch for work or going out for the day

Cook with an Instant Pot (it’ll save you plenty of time too)

Don’t grocery shop when you are hungry!

Buy a local CSA share

Grow your own herbs and lettucein a container garden

Become a better cook and eat at home more often

Plant a garden

Brew your own beer and wine(plus, it's fun!)

2. Grow Your Savings Account

Save your spare change automatically with Acorns. (You'll get $5 free when you sign up.) You can read my full review of Acorns here.
Rent your stuff out on Fat Llama, and consider renting from others as well (instead of buying)

Use Personal Capital to track your spending, net worth, and investment accounts.

Cancel your unused memberships and subscriptions

Use Mint to create and track your budgets and monthly spending.

Buy a Moka pot and make your own delicious coffee

Start a blogging side hustle and invest the income

Check your credit score for free and try to improve it.

3. Save on Retail Shopping

UseEbates to get cash back on purchases you make from companies like Amazon and Macy’s.Read my personal review of Ebates here.
Buy new clothes ahead of time in the off season. (Winter clothes in July, summer clothes in February)
Check out your local Buy Nothing group to save money on, well, everything!
Read my best tips for saving money on baby here!

Shop consignment stores for staple pieces like leather jackets and quality dresses.
The Honey app (free) is a browser extension that automatically tries discount codes at checkout

Buy high quality shoes- you’ll spend less in the long run!

Do a no spend month.

Buy your Christmas decor after the holidays and save it for next year.(Same goes for the other holidays too!)

4. Save On Your Home

Install a clothesline in your laundry room

Make your own cleaning supplies

Choose to live in a smaller home

Get a roommate, or rent your spare room on Airbnb

Compost as much of your waste as possible.

Adopt your pets from the local shelter.

5. Travel on the Cheap

Stay in an Airbnb instead of a hotel and save hundreds on your trip.

Take Uber instead of taxis and save 50% or more.

Get free flights for travel with travel rewards cards

Rent out your home on Airbnb while you are traveling to recoup your costs

Picnic in the park with a fresh baguette, fruit, and some good cheese instead of going to a restaurant.

6. Everyday Savings

Go out for coffee instead of dinner with friends.

Do your own gel nails at home.

Picnic in the park instead of going to a restaurant.

Stop smoking and reduce how much alcohol you buy.

ReadYou Are A Badass At Making Moneyby JenSincero

Drive a more affordable car.

Shop garage and estate sales.

Drive less, and find more ways to walk and bike more often.
Read Your Money or Your Life by Vicki Robin & Joe Dominguez

Use the library every month. (Many of them offer free museum passes and fun classes!)

Unplug your appliances when not in use.

Use Groupon for activities, meals out, and spa services.

Check out my complete FI Roadmap below to get you on the path to financial freedom!

How to Never Have to Work Again (Yes, Really)

TheFinancial Independence Road Map will show you how to use your business to drive simple investments and never have to work again.

Join the FIRE Hotlist and receive the road map as a perk of becoming a subscriber.

How to Survive Having a New Baby Without Paid Maternity LeaveHow to Payoff Your Debt in Record TimeCredit Card Rules Millennials Should Live By

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Epic List of Money Saving Tips I Love - AmintaDemadura.com (2024)

FAQs

How to save money without touching it? ›

Automate transfers

By setting up automatic transfers from your checking account to your savings account each month, the money will accumulate over time without any additional work on your part.

What is the 50 30 20 rule? ›

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%).

View Details ›

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

Discover More Details ›

Where is the best place to put extra money? ›

If you want a safe place to park extra cash that often earns a higher yield than a traditional savings account, consider a money market account. Money market accounts are like savings accounts, but they typically pay more interest and may offer a limited number of checks and debit card transactions per month.

What is the best place to keep money? ›

Where is the best place to save money? The best places to save money include high-yield savings accounts, high-yield checking accounts, CDs, money market accounts, treasury bills and savings bonds. These products offer varying degrees of security, returns and liquidity.

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How to save $10,000 in 12 months? ›

To reach $10,000 in one year, you'll need to save $833.33 each month. To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

How much money should a 12 year old have? ›

If you're using the $1 to $2 per-year-of-age rule, a 12-year-old should get a weekly allowance of $12 to $24. This range is consistent with the average weekly allowance that parents pay, which is $19.39.

Read On ›

What is the 5 savings challenge? ›

The fiver challenge - save £7,000

This challenge works the same as the 52 week challenge, but you go up in multiples of £5 rather than £1. So week one = £5, week two = £10, all the way up to week 52 at £260. Alternatively, if you're not in the position to save these larger amounts, you could save £5 every week instead.

Find Out More ›

What is the trick to saving money? ›

Save money automatically.

Set up a direct deposit from each paycheck to your savings account. That way you don't even think about the money you're saving—you're just saving. Start budgeting with EveryDollar today! And if you really want to get serious, use a separate bank from your existing checking account.