Simple Tips to Save Even More Money

Woman putting a hundred dollar bill in a piggy bank

Small changes you implement into your daily life can make a big impression on your financial health. If you’re looking for ways to save money every day without committing to a major financial overhaul, consider the following money-saving tips.

Take a Closer Look at Your Spending Habits

Before you start saving, it’s a good idea to get a clear picture of what you’re spending each month.

 Examine your bills and track everything you’re buying for 30 days, recommends The Balance writer Paula Pant. The month-long review will help you understand your money habits and allow you to set a better budget.

Feed Your Change to Your Piggy Bank

Even if you mostly rely on credit or debit cards to make purchases, cash still probably plays a part in your finances. Whenever you break a bill with a purchase, feed your piggy bank the change.

NerdWallet writer Courtney Jespersen recommends depositing extra cash into your savings account where it can help build your nest egg. Using cash will also bolster your savings mindset.

“When you want to watch your spending, use dollar bills instead of credit cards. It’s harder to part with cold, hard cash,” she writes.

Young woman adds coins to her piggy bank to save money

Look for Deals and Clip Coupons to Save More Money

It is easier now than ever to save on almost everything you buy at major chain stores. Whether you’re stocking up on groceries, toiletries or items for the home, most stores offer loyalty programs, a weekly ad boasting what’s on sale and online apps that allow you to “clip” coupons with a simple download.

Of course, printable ones still exist if you prefer tangible coupons to digital ones. The best part is, you can typically use both for optimum savings.

Keep Trips to the Store at a Minimum

It’s inevitable that you’ll run out of something before your usual shopping trip, but too many trips to the store can lead to overspending on things you might not need. That’s why it’s important to plan ahead before you grocery shop.

“Buy your groceries in bulk at wholesale stores including Costco or Sam’s Club. Prepare a meal plan once a week so that you buy only what you need,” advises Pant.

If there isn’t a wholesale store near you, just shop your local grocer’s weekly circular and plan your meals and snacks according to what’s on sale.

Save Over $1,000 By Caffeinating at Home

If coffee or specialty tea from a local coffeehouse is a mainstay of your day, consider patronizing a new location — your home. It might take a bit of trial and error, but you’ll be able to create a barista-worthy beverage that’s delicious and delivers the caffeine you need to help power your day. Plus, with every cup you craft in your kitchen, you’ll be saving money.

“Brewing coffee at home instead of buying a three-dollar cup of coffee at a local coffee joint every day can save you over $1,000 a year,” reports Pant.

Re-evaluate Your Car Loan to Save on Interest

Owe money on a car loan? There is a chance that you can lower your monthly car payment by refinancing that loan. 

A lower interest rate will mean you’ll pay less over the term of your loan. It doesn’t hurt to contact your lending institution and see if you qualify for an adjustment.

Save More Money Using These Small Changes

With small changes, you can save big. Use these suggestions to increase the savings in your bank account. For even more ways to save money, check out these changes you can make to save up to $140 this week.

Read on for more money-saving tips


Published by Minster Bank. Includes copyrighted material of IMakeNews, Inc. and its suppliers.

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