How To Save Money – My Best Money Saving Tips
Written By:
Michelle Schroeder-Gardner
Last Updated: August 8, 2023
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Are you looking for tips on how to save money? If so, you’re in the exact place you need to be to find more money saving techniques!
Of course, learning how to save more money can help you in so many ways. You may be able to stop living paycheck to paycheck, pay off your debt, save for your future, and more. The ways saving money can help you is endless!
There are many ways to learn how to save money. Continue reading below to learn my best money saving tips so that you can save money and manage your money better ASAP!
How to save money
There are so many different ways to save money. If you want to learn how to save money, check out the money saving ideas in the blog posts below!
- 30+ Ways To Save Money Each Month
- 50+ Best Frugal Tips to Try
- 9 Best Ways To Find Free Gas Cards
- 31 Birthday Freebies You Should Sign Up For
- Why Saving Money In Your 20s Is A Good Idea
- 8 Ways To Be An Extreme Cheapskate
- How To Reach Success With Your Goals
- How My Wife and I Paid Off $62,000 in Debt in 7 Months
- 60+ Extreme Things People Have Done To Save Money
- The Ultimate Guide of Over 50 Money Saving Tips
- Here Are 50+ Of The Best Ways to Save Money
- Yotta Savings App Review
- 20 Best Money Saving Apps (I’ve Used Many Of These Apps!)
- 50 Money Saving Ideas
- 118 Things To Do When Bored At Home
- 15 Awesome Ways To Get Free Stuff
- House Hacking: How To Live For Free
Related tip: Sign up for a website like Rakuten where you can earn free CASH BACK for just spending like how you normally would online shopping. All you do is click on a store that you want to shop through (they have TONS of stores such as Kohls, REI, Toys R Us, etc.), and shop just like how you normally would. Rakuten makes a commission for referring you to the store you just shopped at, and they give you some of that money back as a thank you. Plus, when you sign up through my link, you receive a free $10 cash back!
How to create a budget
The average family carries a lot of financial stress. Most people have student loans, credit card debt, a mortgage, car loans, and sometimes even other forms of debt. However, not many people have a budget.
According to a survey done by Gallup, 68% of households in the U.S. do not prepare a budget.
I believe everyone should have a budget. Budgeting can help you take control of your financial life, which can help reduce stress and let you reach your dreams.
Here are my tips on how to create a budget:
- The Complete Budgeting Guide: How To Create A Budget That Works
- A Cash Budget May Be The Diet You Need
- The Ultimate Emergency Fund Guide
- Why You Should Pay Yourself First
How to save money on groceries
The average person spends thousands of dollars a year on groceries. Below are blog posts with the best money saving grocery tips for quick ways to save money.
Related tip: I recently joined $5 Meal Plan in order to help me eat at home more and cut my food spending. It’s only $5 a month (the first two weeks are free too) and you get meal plans sent straight to you along with the exact shopping list you need in order to create the meals. The meals are easy to make and are affordable. This is an easy way to save money.
How to save money with frugal living tips
The blog posts below will help you learn all about the best frugal living tips so that you can save your money. These can be quite simple ways to save money.
- How To Live On One Income
- Are These Bad Money Habits Making You Broke?
- Easy Ways I’m Saving Over $1,200 A Month
- 6 Ways To Be More Frugal and Save Thousands
- How To Track Your Expenses
- 31 Days To Radically Reduce Your Expenses
- 16 Alternatives To Cable TV That WILL Save You Money
- Upside Review: Is This App Worth The Cash Back At The Gas Pump?
How to save money by living in a tiny house
Have you ever thought about living in a tiny house? If not, you should! Check out the blog posts below to learn how to save money by living tiny:
- How I Live in a 400 Sq. Ft. House – My Minimalist Home
- What I Learned By Donating And Giving Away Nearly All Of My Stuff
- I Live in a 175 Square Foot Tiny Home – Sailboat Living
- Becoming an RV Family – How We Travel Full-Time With 4 Kids and 2 Dogs
- How To Make Money While RVing
- How Much Does It Cost To RV?
- Common RV Questions – Yes, I Even Talk About What We Do With #2
- Beginner RV Tips – Dreaming Of A Life On The Road?
How to save more money on college costs
College costs are soaring, but you don’t have to go broke in order to afford college. With the money saving tips in the blog posts below, you’ll be able to find several ways to save money on college costs.
- 21 Ways You Can Learn How To Save Money In College
- How I Paid Off $40,000 In Student Loans In 7 Months
- How to Pay Off Student Loans Fast
- Learning How To Survive On A College Budget
- 6 Ways I Saved Money On College Costs
- How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
- How To Pay Off Student Loans
How to save money each month for retirement
Learning how to save money for retirement is extremely important. Check out the blog posts below so that you can save money for retirement!
- What Is Net Worth? How To Calculate Your Net Worth
- Why You Should Spend Like A Millionaire- The Frugal and Smart Money Habits of Millionaires
- Do You Know Your Net Worth?
- How To Come Up With A Financial Plan Without Visiting A Professional
- The 6 Steps To Take To Invest Your First Dollar – Yes, It’s Really This Easy!
- The Smart Woman’s Guide To Investing Success
- The Budgeting Program You Should Use if You Live Paycheck to Paycheck
- How To Manage Money Better
- Budgeting Tips That Really Work!
- How Much Money Should I Save Each Month?
- How To Save For Retirement
- 9 Early Retirement Stories That Will Motivate You
- What Are Dividends & How Do They Work? A Beginner’s Guide
Money saving personal finance tips
Looking for more ways to learn how to how to spend less money? These additional tips will teach you how to save money every month.
- 50 Easy Ways To Save Money – Start Saving Thousands Each Year
- Challenge Everything! Are You Wasting Thousands of Dollars On These 14 Things?
- Frugal, Cheap, or Thief? Are You Smart With Money Or Actually A Thief?
- Why Is Talking About Money More Taboo Than Sex?
- How To Save Money Fast
- 11 Tips For Renovating An Abandoned 115 Year Old House On A Budget
- How To Save Money In The Summer And Still Have Fun
- 20 Ways I Saved a 20% Deposit To Purchase My First Investment Property At 20
- You Don’t Need Everything – Do You Know The Difference Between Wants And Needs?
- 50 Things You Can Do Right Now Instead of Spending Money
- 10 Budget Recipes and Cheap Easy Meals You Should Try
- How to Drink the World’s Healthiest Beverage for Pennies a Cup
- 5 Unhealthy Habits That May Be Hurting Your Health And Costing You Money
- Does bringing lunch to work actually save money?
- 10 Budget Lunch Ideas and Cheap Easy Meals You Should Try
How to save money on travel
When was the last time you took a vacation? With the tips in the blog posts below, you’ll learn how to save money on travel so that you can take more amazing vacations. These will also help you learn how to save up money for travel as well:
- How To Take A 10 Day Trip To Hawaii For $22.40
- How To Get A Cruise For Cheap Or Even FREE!
- How To Enjoy Life Without Going Broke
- The Ultimate Guide To Getting Started RVing
- How To Save Money For Long-Term Travel
- 24 Best Ideas To Vacation On A Budget
Common questions about how to save money
Do you have questions on how to save money? Below, I answer common questions that I have heard about how to save money.
What are 10 ways to save money?
Whatever reason you need to save money for, such as if you want to learn how to save money for a house, how to save money for a car, how to save money each month, or something else, there are tons of ways to save.
Some ideas include:
- Find alternatives for cable TV
- Shop around for a better monthly car insurance rate
- Create a budget
- Start meal planning
- Refinance your student loan debt
- Get cash back on your purchases
- Have more meatless meals
- Get rid of your storage unit
- Open a high yield savings account and/or checking account
- Go to the library
You can learn more at 50+ Of The Best Money Saving Ideas.
How can I save $1,000 fast?
The list above will help you learn how to save $1,000 fast. It may mean cutting some expenses out of your budget or finding ways to make extra money.
What is the 30 day rule?
The 30 day savings rules is where you try to not spend money on things you don’t need for 30 days. This way, you can spend 30 days thinking about whether you truly want or need something before you decide to purchase it.
The 30-day rule can help you to save money.
What is the 20/30/50 budget rule?
This is where you divide your budget to 50% needs, 30% on wants, and save 20%.
What is an emergency fund?
An emergency fund is money that you have saved for when something unexpected happens, such as if you lose your job, if you need a car repair, an unexpected medical bill pops up, and more.
What does not constitute an emergency for your emergency fund? An emergency is not a birthday present, a new TV, a vacation, and so on. Your emergency savings fund is meant to cover essential spending when something unexpected happens.
How much money do you save on the 52 week challenge?
The $20 Savings Challenge will help you save $1,040 easily.
Simply click on that link and you’ll see how.
How to save money – summary
There are many other ways to save money as well. This may include:
- Canceling any monthly subscriptions that you do not use
- Getting a bonus by connecting a direct deposit at a new bank
- Canceling streaming services
- Saving your tax refund
- Shop around for better pricing on appliances
- Using discounts and coupons at the grocery store
- Finding ways to lower your interest rate (such as for a mortgage or car loan)
- Finding ways to increase your credit score so that you can get better rates
- Eliminating an impulse buy
- Bulk purchase items that you know you buy a lot of
- Comparison shop your insurance policies
- Lower your auto insurance rate
- Adjusting your thermostat to lower your electricity spending
- Remembering to use items in your pantry before shopping
- Watching your spending habits
- Doing an energy audit so that you can cut your electric bill
And so much more. There are many ways to learn how to save money.
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Do you have a request for content on how to save money every month? Please send an email to michelle@makingsenseofcents.com and I will try to accommodate your request.
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Author: Michelle Schroeder-Gardner
Hey! I’m Michelle Schroeder-Gardner and I am the founder of Making Sense of Cents. I’m passionate about all things personal finance, side hustles, making extra money, and online businesses. I have been featured in major publications such as Forbes, CNBC, Time, and Business Insider. Learn more here.