We’re all looking for new ideas on how to save money and keep a few extra greenbacks in our wallets.
But for many of us who have too much month at the end of our money, it can seem impossible to do more with the money we’re already making.
If that is true for you, check out our post on how to get out of debt to help you free up your income!
The truth is, there are always ways to save money, particularly if you’re willing to invest a little time.
87 super easy tips to help you save money every month:
I am sure there are more extensive and exotic ideas, but here are 87 easy ways you can save money and eliminate the waste from your budget.
FINANCIAL TIPS FOR SAVING MONEY
1. Cashback rewards cards
If you’re looking for an easy and painless way to save money on everyday expenses, look to your credit card for help. That’s right – with the right rewards card, you can save money on everything from your regular bills to your household expenses.To get these savings, you’ll need a rewards card that offers a percentage of cash back for every dollar you spend.
While we highlight some of the best offers in our post on the best cash back credit card offers.
2. Switch bank accounts
If you are being charged feed on your checking account or getting almost zero interest from your savings then it may be time to switch banks.
You can get more than 10 times the interest using a high interest online savings account and there are plenty of free online checking accounts with no deposit. With either of these options you will save money over the bricks and mortar options.
3. Negotiate new rates on your credit cardsCredit card companies are always trying to jack up your interest. They may do it for missing a payment or for lack of usage. Whatever the reason you can save a lot by calling them and asking them to lower your interest rate. If they will not budget then consider getting a new credit card with 0% interest for balance transfers. This will take your rate down to zero for up to 18 months and save you a ton in interest payments.
TIPS FOR SAVING MONEY ON FOODAccording to a recent Gallup Poll, the average American family spends $151 per week on food, including restaurant eating. That adds up to a cool $7852 per year. Here are 20 ways you can keep more of that money in your pocket:
4. Use Coupon AppsOne of the simplest ways to save money at the grocery store is to download a coupon app like Ibotta or Checkout 51. These two apps allow you to select coupons and then, once you buy the items, you can scan your receipt and receive cash back for those purchases. It takes almost no time at all and the apps can be used at any store where the receipt prints out a description. The best part is you can use both apps on a single receipt so I have both on my phone.
5. Make meal plans
One of the biggest food budget busters is when you have no answer to the question “What’s for dinner?” Rather than get in the habit of ordering pizza or going out for fast food when you’re stumped by the dinner question—which is infinitely more expensive than cooking at home—get used to planning out your meals for the week or month.
Not only will this save you money on take out, but it will also put you in a good place to actually use all the food you buy at the grocery.
6. Make a grocery list and stick to itOnce you know what you plan to make for dinner each night of the week or month, make a grocery list based on your meal plans, and only buy what is on your grocery list! Meal planning ninjas can get to the point where they buy certain ingredients on sale to be used in multiple meals, but even just starting with meal plans and a list for the week will save you money. Having a specific list of items to buy can even combat the grocery mistake of shopping while hungry. It doesn’t matter how tempting the apricots jarred in honey may sound, if it’s not on the list, it’s easy to say no.
7. Cherry pick the grocery deals
As you get better at meal-planning and list-making habit, you can start using your local grocery chains’ loss leaders for bigger savings.
Each week, grocery stores publish their sales—and some of those advertised prices are so low that the store would be losing money if all the customers were to only buy the sale items. Making your meal plan with the grocery circular in hand will allow you to figure out what meals will be cheapest for you to make that week, based on each chain’s loss leaders.
Then, buy only those loss leaders at each grocery store, and get the rest of your ingredients at whatever supermarket generally offers the best prices. This turns grocery shopping into a much longer affair—it takes several hours to pore through the circulars, make your plans, and then go shopping at several different stores—but the savings are certainly worth the time.
8. Buy genericWith the exception of a few notable items (Pop-Tarts come to mind), most generic products are almost identical to their brand name counterparts. Do you buy Cheerios just because you always have? Try the Generic Os and see if they’re not exactly the same, for a fraction of the price.
9. Pay attention to unit costsThe one caveat about buying generic is that sometimes it actually is cheaper to buy the name brand. This is why you have to keep an eye on the unit cost of anything you buy at the grocery. The generic cans of soup selling 3 for $5 sound like a great deal, but the Campbell’s soup selling for $1.50 each is actually cheaper.
Most grocery stores offer a unit price listing, so that you can compare apples to apples (so to speak), but some do not. Get in the habit of carrying a calculator with you to the grocery store (or using the calculator function on your cell phone) to figure out what product gives you the biggest bang for your buck.