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:
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.
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!