February 26, 2024 | Allison Robertson

40 Small and Easy Ways to Save Money


Saving Money Is Easier Than You Think

According to CNBC, the median American household has $4,830 in a savings account. Though I think its safe to say most people would disagree with this number.

In recent years, having “savings” of any amount has become more of a dream than a reality. But there are small and easy ways to help make it happen once again.

piggy bank and woman split image

Change Your Perspective

Instead of thinking “how much money will this cost me?”, try thinking, “how many hours do I have to work to be able to pay for this?”

Changing the way you think about things can have a bigger impact than you’d expect.

Studio portrait of beautiful young woman thinking and looking upwards.ArtFamily, Shutterstock

Add ‘Em Up

Review your bank statement. Add up all transactions under $10—it’ll likely be a shocking amount. Did those purchases really matter?

Financial awareness is key.

Girl holding documentsKarolina Grabowska, Pexels

Take the “52-week Challenge”

Save $1 the first week, $2 the second week, $3 the third week, and so on. You will save $1,378 by the end of the year.

Black ceramic piggy bank and coins.cottonbro studio, Pexels

Advertisement

Google Before Your Buy

Google your purchase before you make it. You’d be surprised to find a cheaper price elsewhere, or maybe coupons, discounts, or possibly even negative reviews that could change your mind.

Online Classes factsFlickr, Nenad Stojkovic

Stick to a Budget

This one is over-played, but still holds its value.

Making a budget and actually sticking to it can be an easy way to put things into perspective and open your eyes to how much you actually spend. Especially when the budget is challenging for you.

Man counting money.Karolina Grabowska, Pexels

Collect Your Loose Change

Loose change adds up. Save up all those dimes and nickels that you find in your pockets, car seats, and couch cushions. Put it all in a jaw and take it to the bank at the end of the month.

Grayscale photo of coins on the table.Pixabay, Pexels

Cut the Cable

Cable TV is a thing of the past. And it can eat up close to (or over) $100 a month. Choose streaming services tailored to your viewing needs instead.

Young man using smartphoneAndrea Piacquadio, Pexels

Accept the Ads

Take it a step further and opt for the ad-included versions of streaming services. It’ll only inconvenience you for a few seconds at a time, and save you half the cost each month.

Couple watching TVJESHOOTS.com, Pexels

Use Cash, Not Cards

There are tons of studies that prove that having to count out your total in cash causes you to spend less than mindlessly swiping your cards.

kid in striped t-shirt stealing money from walletKittyfly, Shutterstock

Advertisement

Pause Before Your Purchase

When you’re about to make a big purchase (or any purchase, really), take some time to think it through before you pay.

The suggestion is 30 days, but if you can manage even 48 hours, your wallet might thank you. It is said that the urge to buy will pass in 30 days (or less).

My Friends Are JerksUnsplash, Afif Kusuma

Exclusive E-mail

Set up an e-mail address that is exclusively for rewards programs. This can keep your main email uncluttered while funneling in coupons and savings.

Young man is playing game on his laptop.iam hogir, Pexels

Use Round-up Apps

There are some purchasing apps that will round up every purchase to the next dollar and saves the difference to go toward future purchases.

This can be done with bank accounts, too.

Woman with phoneMeruyert Gonullu, Pexels

Cut the Coupons

There are various coupon apps available these days to help you save as much as you can on nearly anything. Do a quick google search before you head to the store to see if something pops up.

Saving discount coupon voucher with scissorCasper1774 Studio, Shutterstock

Make Your Appliances Last Longer

Zipping up zippers on your clothing before putting them in the wash is said to significantly save on the wear and tear of your machines.

Young husband man doing laundry at homeElnur, Shutterstock

Choose Your Appliances Carefully

Some appliances use more energy than others.

Consider boiling water in an electric kettle rather than on the stove or in the microwave. The kettle consumes less energy.

Man with electric kettle in his hand.Jsme MILA, Pexels

Advertisement

Stick to a List

This one is always tough for people. Sticking to a shopping list keeps you focused and avoids impulse buying.

This also saves time—and time is money.

Mother and daughter checking their grocery list.Gustavo Fring, Pexels

Change Your Font

If you happen to print a lot, you can save on ink by changing your font. Choose a font with smaller characters, like Garamond, or with thinner type, like Century Gothic.

Close up of woman printing a document.Mikhail Nilov, Pexels

Target Tips

If you shop at Target often, take advantage of their REDcard (debit) program. It offers a debit card option that links to your existing checking account.

You earn 5% back on everything you purchase in store and online.

Target store insideSundry Photography, Shutterstock

Check Your Ceiling Fans

Switch your ceiling fans to the correct seasonal setting. They should spin counterclockwise in the summer and clockwise in the fall and winter.

This can save you money on heating and cooling by ensuring the fan is working the way you want it to.

A man uses a remote control to turn on a white ceiling fan.Giulio Benzin, Shutterstock

Skip the Smokes

Again, also obvious. But if not for your health, do it for your wallet. Smoking a pack a day costs about $177 a week, or $9,200 a year.

Shocked female worker in modern workplaceAndrea Piacquadio, Pexels

Check Buy & Sell Pages First

Before you run out and pay full price for a brand-new item, give a quick glance on your local buy and sell pages.

You may find the item in good condition for much less, or sometimes even brand-new.

Male student sitting with his laptop celebrate good exam result.fizkes, Shutterstock

Advertisement

Buy Generic

Most grocery products have a generic brand that costs less. And sometimes those generic brands also come with less ingredients (which is a bonus).

If you can buy the same thing for less, why wouldn’t you? Apparently, many professional chefs use generic brand ingredients.

Couple shopping groceries in market.Gustavo Fring, Pexels

Take Advantage of Interest

Move your savings into a high-interest account. It will accrue money over time, and you will be less likely to withdraw from it.

People working on paperwork togetherRDNE Stock project, Pexels

Cook More Vegetarian Meals

Meat is the costliest of all foods Americans consume regularly. Studies show that vegetarians save $750 compared to meat-eaters annually.

Sliced tomato and avocado on white plate.BULBFISH, Pexels

Prep in Advance

Preparing your meals in bulk can help you save money and prevent impulse takeout or restaurant meals.

Bowls with vegetables for a salad.Alexey Demidov, Pexels

Drink Water First

Drink a glass of water before any other beverage. Craving a soda, juice, or milk? Drink a glass of water first. This can curb the temptation and save money on the pricier beverages.

Woman Drinking WaterAndrea Piacquadio, Pexels

Do-It-Yourself

Watch YouTube tutorials for simple household fixes. Improving your DIY skills can save you money and stress.

A man fixing a toiletanaimd, Adobe Stock

Close the Doors (and vents)

Closing doors on rooms in your home that you’re not using can help save on heating and cooling costs. At the same time, close vents in the rooms you don’t actively use.

Close up shot of a person opening a door.Marcus Aurelius, Pexels

Embrace Vinegar

Save costs on cleaning supplies by switching to vinegar. It’s an all-natural and cost-effective fabric softener, all-purpose cleaner, rug restorer, stain remover, deodorizer, etc.

Spray bottle beside vinegar bottle.Rosana Solis, Pexels

Go LED

If you haven’t already, Replace incandescent bulbs with CFL or LED. Switching just five frequently used bulbs to LEDs could save you around $44 a year on electricity.

Man looking up at illuminated light bulbs.Pixabay, Pexels

No-Spend Days

Choose one day per week, and one weekend per month to have as “no-spend days”.

On those days choose to make your own coffee, lunches/dinners, and stay in and play board games or go out for family hikes. Anything that doesn’t cost money.

Friends are playing a board game at home.Pavel Danilyuk, Pexels

Swap the Gym for YouTube

YouTube offers tons of free exercise videos and programs. Yoga With Adriene is one popular channel. Most popular exercise routines these days can be done with minimal to no equipment.

Woman practicing yoga at home.fizkes, Shutterstock

Make It Yourself

Buy yourself a fancy reusable mug, and make your own coffee. It’ll save you more money in the end than your new cup will cost.

The average American spends approximately $1,000 annually at coffee shops.

A person is making a coffee at home.Mikhail Nilov, Pexels

Drive Sensibly

Aggressive driving (hard braking, speeding, rapid acceleration) lowers gas mileage by up to 33%.

Young man is driving a car and looking at front.Norma Mortenson, Pexels

Make It at Home

Just like your coffee, you should also be making your own lunch. This can lead to substantial savings. Eat breakfast before you go, and pack your own food for the day.

Family is making a breakfast in the kitchen.August de Richelieu, Pexels

Use the Library

The library is an untapped hidden gem. You can borrow (for free) books, movies, music, technology, puzzles, etc. You can even use crafting machines at most local libraries—all for free.

Woman in libraryYan Krukau, Pexels

Dine At Home

As previously mentioned, eating at home in general saves a ton of money. Plan your meals for the week so you stick to your shopping list and avoid feeling pressured to come up with meals at the last minute.

Woman eating spaghetti.Nadin Sh, Pexels

Buy Whole vs. Precut

It’s not always feasible to buy bulk over individually packages foods, we get that. But buying whole veggies instead of pre-cut bags of veggies will also save you money.

Don’t pay for convenience. Cut up your own veggies and put that extra few bucks back in your pocket.

Mother and daughter buying bananas.Gustavo Fring, Pexels

Grow Your Own

Cramped for space? Some produce grow well in pots. Even having 1-2 pots of produce on your front step could save you some money. Tomatoes, strawberries, lettuce, etc. are easy starters.

Green onions can be grown in a small pot on your window sill indoors, too.

Woman with plants and vegetables on her balcony.Production Perig, Shutterstock

Use the Cold Setting

Wash your clothes in cold water. Most detergents have a cold-water version that work just as well in cold water rather than warm.

Warm or hot water requires your hot water tank to heat up, costing you more money than using cold water.

A handsome man sits in front of a washing machineVolodymyr TVERDOKHLIB, Shutterstock

Final Thoughts

Saving money can be a daunting task, but making these small and easy changes can start saving you a few bucks here and there that will ultimately add up over time.

Rich man throwing money in officeGround Picture, Shutterstock


READ MORE

Budgeting for Beginners

Learn how to start a budget from scratch, including programs to use, typical expenses to track, how to organize categories, and examples of everything. From fixed and variable expenses to how often to update things, this article will make starting a budget much less overwhelming.
April 11, 2024 Allison Robertson

The Importance of Teaching Kids About Money

Uncover 20 ways to teach your children about money. Find out why financial literacy is important and how many Americans are negatively affected by financial illiteracy today, emphasizing the need to teach our children at a younger age.
April 9, 2024 Allison Robertson

The Gen Z Approach to Saving

Uncover the newest in financial trends, including how Generation Z plans to save (or not save) for the future. From prioritizing mental health to living in the moment, find out how the new generations are setting up their finances, and what their plans are for retirement.
April 5, 2024 Allison Robertson

The Rise of Semi-Retirement

Full retirement is no longer the only option. From supplemental income to boredom relief, there are many reasons why people are now choosing semi-retirement over full-retirement. Here's everything you need to know before you retire.
April 3, 2024 Allison Robertson
Aithumb

AI Is Being Used Way More Than You Think

Everyone's talking about AI—but there are a million ways AI is being used right now that people don't even realize. And this is only the beginning...
April 3, 2024 Jamie Hayes
Mcdthumb

McDonald's Has Used 45 Slogans, How Many Can You Remember?

I bet you can name a McDonald's slogan off the top of your head. Maybe you can get 3-4. If you can get all 45, I'll be VERY impressed.
April 2, 2024 Jamie Hayes



Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team