How to Save Money: 12 Daily Tips

Money can be one of the biggest hurdles when it comes to balancing the pursuit of your dreams and keeping your budget on track. That’s why we’ve highlighted simple ways to save a little extra within your current budget, so you can save a little money each day.

Quick Ways to Start Saving Money Each Month

Get to work bulking up your wallet with these tips about how to save money that require a few changes in your lifestyle, but reap big rewards:

Love the kitchen

If you often hit up the local café for your daily latte, that amount adds up quicker than you think. Same goes for lunch! Instead of shelling out cash for a subpar burger and side-salad, whip up your own recipe and munch on that all week. Mark your calendar and splurge once a month on dining out and getting that fancy cup of coffee. This will definitely help you develop the skills to save money fast.

Cut the cord

With the amount of online streaming services out there, cable is quickly turning into a thing of the past. If you find yourself only watching a handful of channels or shows, why pay the full price for cable every month? Instead, choose a cheaper cable plan that allows you to pick the shows you like, or just get rid of it and watch your shows with a TV streaming service.

Avoid hidden fees

One of the quickest ways to save money is to stop spending money in ways that often get overlooked. Hidden fees, interest fees and other charges hiding in the background are a great place to start. Savings can also be achieved by lowering your personal debt. Although that can be a more in-depth process, the payoff can be huge.

Lose the high-interest credit cards

Change to a lower, or zero interest rate credit card to save money fast. With all the great deals out there today, you have a lot of options. Take advantage of special offers by other credit providers and bank those extra bucks.

Stay on top of overdraft charges

Make it a routine. Overdraft charges and late fees can get costly — but they can be avoided. Set up recurring bill payments and checking account protection, so you never have to incur those pesky fees. And while you’re at it, start paying down that credit card debt and avoid hefty interest charges!

Refuse ATM fees

Let’s be real — ATM fees are a waste of your money. Try to find an ATM that doesn’t have a fee, or use one that’s in your bank’s network. If you can’t find a nearby free ATM, opt for cash back at stores when you have the option. Some banks charge $3.00 to $5.00 for getting cash out-of-network. Don’t just hand it over to the bank – why not buy what you need at a local store and save more money?

Save with insurance discounts

At American Family, we offer a variety of discounts — from setting up automatic payments to going paperless — that you can take advantage of to keep more money in your wallet.

Sell your used items

Before you toss your old stuff to the curb, try selling some of to make a little extra money. You can list gently-used clothing, jewelry, collectibles, electronics and antiques on resale sites like eBay. Or, if it’s too heavy to ship, you can sell locally with online forums like Facebook Marketplace.

How to Save Money Fast When Shopping

Don’t let a great deal pass you by. Here are some fast and easy ways to save money when you’re shopping online and in stores:

Use coupons

While you don’t have to go to ‘Extreme Couponing’ levels to save money — check to see if there are coupons or coupon codes out there before you buy.

Tip

Set up an email account to use just for deals. That way, you can do a quick search for the store coupon you’d like when you’re about to buy something.


Find the best coupon codes

On sites that allow you to use more than one coupon code for the same purchase, take care to use your coupons strategically. If you’ve got a 15% discount coupon code and another one for $20.00 off, apply the 15% one first and then use the one for $20.00 off. You’ll receive a bigger discount.

You can even sign up for a free online coupon service like Honey to do the work for you. These services find the best online discount codes and combinations and input them for you at checkout—so you save your money and your time.

Take advantage of deal trackers

Figuring out the best time to buy something used to require constantly checking prices and clipping coupons. Luckily, now you don’t have to do it all yourself. There are great price tracking tools and deal sites that do the work for you—and it can add up to big savings.

Look for refurbished electronics

New is nice, but it’s not everything. You can save hundreds of dollars buying refurbished electronics. Both Apple and Samsung offer certified refurbished phones, laptops and computers on their websites. Since these items are certified by the manufacturer, they replace many parts and come with one-year warranties. But be careful buying refurbished – not every retailer defines it the same way.

Buy on the right day

Most retailers will roll out online deals and promotions on Wednesdays, Thursdays and Fridays. But airfare plays by different rules, according to the Airline Reporting Corporation. Buy airline tickets on Sundays if you’re looking for the best price. And if you’re shopping for a laptop, Tuesday’s your day.

By trying out even a few of these tips you can save money, grow your funds and build a better path to accomplish your goals. Saving money doesn’t need to be complex, you just need to know how to manage your money well. Don’t forget to reward yourself along the way — you deserve it!



Related Topics: Saving Money , Finance