Saving money isn’t always easy. In fact, many of us scrimp and save, just to get by. Nonetheless, there are many easy money tips and tricks to help keep your budget on track. So saving more money means keeping more in your pocket. Learning how to save money every day will help you save money every month and little by little you will build up your savings account. The best part is it doesn’t have to be hard and there are ways to save money on a tight budget.
Unfortunately, over half of Americans do not have enough money saved to cover one month of expenses. According to a recent study by Bankrates.com, 20% of Americans don’t save anything and 47% only save 1-10% of their earnings. Yes, most people are one emergency away from going over the top into debt.
Saving money is important and some of the best ways to get on top of your money problems are as follows:
use a spending journal
create a budget
find ways to save more money
find a side hustle
create sinking funds or separate accounts
plan for retirement
By starting a budget, you will learn how to save money on a daily basis. If you are stuck on starting your budget, get your free budget template here:
No matter what you are saving for, it is best to have a goal in mind. Learning money tips and tricks will help you keep money in your pocket and you will reach your money goals.
The list below features many ways I use to save money. With a family of four, it is easy to go over budget, especially on groceries for kids. However, I have found that if I continue to practice the tips below, I have a few extra bucks in my pocket at the end of the month and I hope you will too.
2. Couponing– Couponing does require a bit of work but can be fun and an excellent way to save money. One great way to coupon is to use online couponing sites. Coupons.com and Betty crocker.com are just a few of my favorites. You can also follow blogs that match up coupons to sales at your favorite stores. Krazy Coupon Lady does a great job of matchups.
Not a couponer? That’s okay. There are still amazing ways to save money every day, especially on groceries. You can use rebate apps to earn cash back on items you already buy.
3. Wait a week before buying – It is hard not to be an impulse buyer and snatch up the latest trend. When we see something we like, we want it now. However, patience is your friend when it comes to saving money.
The next time you see something you are really eyeing, wait a week and see if you still have the desire for that new purse or pumps. If so, set aside an envelope to save up for your favorites.
4. Pay off your credit card monthly– This might be tricky if you already have a lot of credit card debt, but paying the minimum on your credit card will just not cut it. Think of it this way, you are now paying a 10-20% more per a purchase (depending on your rate) for everything you buy. Would you buy it in the store if it cost that much initially?
Make a plan to pay off debt and pay cash until you can. Here are some money posts to help you on your debt journey:
5. Shop ahead of time – If you have kids, or even for yourself, buy ahead of the season. Winter clearance starts after Christmas. I once bought my son a $30.00 winter coat for $8, on clearance at Target.
I will admit, it takes time to look through clearance. That is why I will often search clearance online. Then I use my favorite online rebate app to save on top of clearance prices.
6. Pack a lunch or make your own foodto save- My husband is always telling me about his friends that buy lunch from upwards of $6-10 a day. If you have the money that’s great, but if you are trying to save, this is not ideal. Moreover, he packs his lunch, as did I when I was working. This will save you a tremendous amount of money each week.
7. Make dinner at home tonight – Going out to eat is such a fun treat and a treat it should be. Set aside money to eat out twice a month. Cook at home the rest of the time. This alone can save you hundreds each month and you can still go out to eat, so you do not feel deprived.
8. Make use of kids eat free – Many restaurants offer “kids eat free” day/night. Check out your local restaurants and take advantage of this if you are bringing the kids along.
9. Make use of local sales – There are many groups out there that allow you to make purchases from local people for a very discounted price. An example of this would be a mom-to-mom Facebook site. You can stock up on needs for your kids at a lower than retail price and sometimes even find items that are brand new. If you want to make some extra cash, consider selling items you no longer need on these sites.
10. Set a budget for grocery shopping – First, I recommend using meal planning. I have saved SO much money by planning out my meals monthly and using a grocery list to make sure I have my ingredients on-hand and I’m not running back to the store daily spending more money. Sticking to your list is key.
It also helps to pay cash when grocery shopping. Once you make your list, total your list out. This may be an estimate when you start out until you can learn the prices at your favorite stores. Then only bring that much cash with you to the store. You are then forced to stay on budget.
Need some help in this area? Here are a few of my most popular meal planning posts:
I don’t advocate for using credit cards unless you are very disciplined and pay off your card monthly, but if you are able to I use the Target Red Card to get 5% off; however, I do pay these off each month to avoid interest charges. You can also sign up for the Target debit card and still earn the 5% savings. Click the picture below to check it out.
Also, I find making a list can help keep me on track, but I allow myself a limit for a small impulse buy. For example, Maybe I’m craving pop chips but wasn’t planning on buying them this week. I could use my impulse $5 to cover this.
How to Save Money Every Day Conclusion:
I’m hoping my post helps you save money! Consider saving money each month by setting aside money from your monthly salary and start living a frugal life. You will build your savings and have more money in your pocket. You will have less money stress in your life and be better prepared for an emergency.
Check out some other post listed below on budgeting and making extra money. What tips does your family use to save money? Leave me a comment! I would love to hear from you. Until next time!!
Thanks for checking out my first blog post at I Heart Frugal! Look out for many more to come and comment with any questions. Happy Saving!!!