How to save money Archives - Making Sense Of Cents

Here Are 50+ Of The Best Ways to Save Money In 2023

Last Updated: December 20, 2022 BY Michelle Schroeder-Gardner - 10 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

How much money do you save each month? Would you like to learn about the best ways to save money in 2023?

If you’re looking for some of the best ways to save money in the new year, then this post is exactly what you need to start saving even more money. There are tons of ways to save money, and you are going to learn about over 50 different ideas.

Teaching people about the best ways to save money is one of my most favorite things to talk about because I have firsthand experience with how it can help you reach your goals.

When I was working towards paying off my student loan debt, I used many of these tips. And, that’s what helped me pay off nearly $40,000 in student loans before I was 25.

There are lots of reasons for why you might be looking for the best ways to save money. You may want to:

Stop living paycheck to paycheck
Pay off your debt
Go down to one income
Save for a vacation
Put more in your emergency fund
Start investing more

Or, maybe it’s as simple as wanting to stretch your income so you have a little more flexibility in your budget. [Read more…]

The Ultimate Guide of Over 50 Money Saving Tips For 2023

Last Updated: December 26, 2022 BY Michelle Schroeder-Gardner - 23 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

How much money do you save each month? Do you wish you had some more money saving tips for 2023?

If you’re looking for some of the best money saving tips, then you’ve come to the right place! There are many ways to learn how to save money, and today I’m going to tell you about them.

I am often asked for my best money saving tips from people who are having a difficult time saving money, and there are often many saving tips that I can help them with. This is because it can sometimes be very difficult to see where you are wasting and/or spending too much money. Often what is obvious to one, may be hard for another to notice.

Even if you’re already taking part in some of the best ways to save money, if you could just find a few more saving tips (or as many as you can!), you may be able to improve your financial situation so that you can live your dream life.

Taking part in these money saving tips can help change your life in many ways, such as:

Pay off your debt quicker.
Stop living paycheck to paycheck.
Live off of one income.
Retire early.
Go on your dream vacation.

And more! [Read more…]

Want To Live Your Best Life? It Starts With Saving

Last Updated: December 12, 2020 BY Michelle Schroeder-Gardner - 33 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

Let’s get this out of the way first – saving your money is one of the best things you can do for yourself. And, the financial security that comes from learning to save your money means you’re able to pursue your passions, try new things, and jump on whatever adventure comes your way.

So, why do some people think that if you live frugally and save your money, then your life must be boring?

Because that couldn’t be further from the truth!

On the other hand, many think that satisfaction and enjoyment only comes from spending money. Sure, money can help improve your life, but it’s not everything. And, if not managed well, it can lead to debt, stress, and more.

Still, there are situations when people can’t save and may have to live paycheck to paycheck to make ends meet. However, living a frugal life doesn’t just help you save your money, it can help you prepare for extraordinary circumstances that can lead to debt and a paycheck to paycheck lifestyle.

Learning how to save your money shouldn’t be what happens when you are out of options. It should be a lifelong practice that means you are prepared for the what-ifs, the emergencies, and a future free from the constraints of living a paycheck to paycheck life. [Read more…]

The Ultimate List of Over 50 Money Saving Tips So That You Can Save Oodles of Cash Money

Last Updated: March 18, 2022 BY Michelle Schroeder-Gardner - 39 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

How much money do you save each month? If you’re looking for great money saving tips, then you’ve come to the right place! There are many ways to learn how to save money, and today I’m going to tell you about them.

I am often asked for my best money saving tips from people that are having a difficult time saving money. After going through a person’s spending habits, I often see a lot of money wasters and savings areas that aren’t being explored. Often what is obvious to one, may be hard for another to notice.

Even if you’re already taking part in some of these money saving tips, if you could just find a few more (or as many as you can!), you may be able to improve your financial situation so that you can live your dream life.

Taking part in these money saving tips can help change your life in many ways, such as:

Paying off your debt quicker.
Stop living paycheck to paycheck.
Living off of one income.
Retiring earlier.
Going on your dream vacation.

And more! [Read more…]

How Much Money Should I Save Each Month? How Much Do I Need To Retire?

Last Updated: January 22, 2021 BY Michelle Schroeder-Gardner - 35 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

We all know that saving money is important, and asking yourself “how much money should I save?” can be a difficult question to answer when beginning. Being a personal finance expert, I am asked this question a lot.

Between saving for emergencies, retirement, vacations, etc. there are a lot of things to consider. And, knowing how much to save is something that many people don’t often talk about. When it does come up, it can seem like there is no straight answer.

I’ve talked a lot about savings on this blog, and in my post 56% Of Americans Have Less Than $10,000 Saved For Retirement, I stated that 56% of Americans have less than an average of $10,000 in retirement savings and 33% have no retirement savings at all. This is something incredibly important to address!

Other interesting statistics mentioned in this article include:

42% of millennials have not begun saving for retirement.
52% of Gen Xers have less than $10,000 in retirement savings.
About 30% of respondents age 55 and over have no retirement savings whatsoever.
Nearly 75% of Americans over 40 are behind on saving for retirement.

[Read more…]