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25 Simple Ways to Save Money [$15K+ In Savings]

If you can't make more money, you can still try to save some. Reducing your expenses is easy but requires discipline. Listed below are 25 of the simplest and most effective ways to have more cash in your pocket by the end of each month.

  • Money Saving Tip: Get Out of Debt First

    1. Get Out of Debt First

    Don't start saving money before you eliminate debt first. The interest that you pay on your credit cards and loans will kill most of your saving efforts. Save only for emergencies and focus all your efforts on getting out of debt.

    How much do you save?
    Up to $3000 a year

  • Money Saving Tip: Credit Card Payments on Time

    2. Credit Card Payments on Time

    Try to always pay the full outstanding amount on time. Save yourself from unnecessary interest charges.

    How much do you save?
    Up to $1000 a year

  • Money Saving Tip: Use Only ATMS of Your Bank

    3. Use Only ATMS of Your Bank

    Reduce ATM charges by using only your bank's ATMs. This may not seem like a big deal, but if you use your ATM card twice a week in other banks' ATM machines, then by the end of the year you would have actually wasted around $150!

    How much do you save?
    Up to $150 a year

  • Money Saving Tip: Live Near Your Work

    4. Live Near Your Work

    People seem to underestimate the costs associated with living far from their workplace: fuel, stress, and lost time, just to name few. Consider this option seriously.

    How much do you save?
    Up to $5000 a year

  • Money Saving Tip: Drink A Lot of Water

    5. Drink A Lot of Water

    It is good for your health and makes you eat less, which lowers your bills especially when you dine out.

    How much do you save?
    Up to $50 a year

  • Money Saving Tip: Bring Lunch To Work

    6. Bring Lunch To Work

    As a general rule, you should avoid eating outside as much as you can for both your health and money.

    How much do you save?
    Up to $2000 a year

  • Money Saving Tip: Sign Up For Reward Programs

    7. Sign Up For Reward Programs

    Sign up for every reward program that comes in your way. You are buying anyway why not get something in return?

    How much do you save?
    Up to $300 a year

  • Money Saving Tip: Buy In Bulk

    8. Buy In Bulk

    Save money by buying bulk quantities. Make sure that whatever you are buying doesn't expire soon. For example, dishwashing soap is guaranteed to survive for a long time but not milk.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Buy In Bulk With a Friend

    9. Buy In Bulk With a Friend

    For items having a short life span, consider buying bulk quantities with friends then split the cost with them.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Make Use Of Offers

    10. Make Use Of Offers

    Make use of offers when you go shopping. Plan your meals around the discounted items. Items will take turns in the discount loop so diversity will not be an issue.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Buy From Specialized Markets

    11. Buy From Specialized Markets

    Vegetables from the vegetable market. Fish from the fish market, etc. Specialized markets are almost always cheaper than generic supermarkets. Proximity may be a key factor. See what works best for you.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Buy Big Portions

    12. Buy Big Portions

    A 500 ml dishwashing soap bottle is more cost-effective than a 250 ml one, just make sure that will be able to use all of it.

    How much do you save?
    Up to $400 a year

  • Money Saving Tip: Make a List Before You Go Shopping

    13. Make a List Before You Go Shopping

    Don't wander around supermarkets guessing what you need. Make a list and stick to it.

    How much do you save?
    Up to $400 a year

  • Money Saving Tip: Don't Shop While You Are Hungry

    14. Don't Shop While You Are Hungry

    When you are hungry you are naturally more impulsive and might start buying food in quantities that you can't consume.

    How much do you save?
    Up to $150 a year

  • Money Saving Tip: Turn Off The Lights/Appliances

    15. Turn Off The Lights/Appliances

    Turn the lights off when you leave the room or when you don't need them. You will be saving your money and saving the planet at the same time. Approximately 25% of your energy bill can be reduced.

    How much do you save?
    Up to $750 a year

  • Money Saving Tip: Use Energy Efficient Bulbs

    16. Use Energy Efficient Bulbs

    Use only energy-efficient bulbs. They are more expensive than regular ones but they will save you a lot of money in the long run. Energy friendly bulbs use approximately 65% less energy than classical bulbs.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Make Use of Sale

    17. Make Use of Sale

    Wait for the discounts. If you can live without something for three months then maybe you don't absolutely need it.

    How much do you save?
    Up to $2000 a year

  • Money Saving Tip: Pass On Extended Warranties

    18. Pass On Extended Warranties

    Extended warranties almost never make sense, especially if the item is not expensive.

    How much do you save?
    Up to $200 a year

  • Money Saving Tip: Cancel Unused Services

    19. Cancel Unused Services

    Save money by canceling unused credit cards, memberships, subscriptions, TV channels, etc.

    How much do you save?
    Up to $2000 a year

  • Money Saving Tip: Book Airline Tickets / Hotels Early

    20. Book Airline Tickets / Hotels Early

    This tactic requires careful planning but it surely saves you tons of money. The earlier you book your vacation the better.

    How much do you save?
    Up to $3000 a year

  • Money Saving Tip: Inflate Your Tires

    21. Inflate Your Tires

    Not only for money but for your own safety. Partially inflated tires could cost you anywhere between $50$ to $300 every year depending on how often you drive.

    How much do you save?
    Up to $300 a year

  • Money Saving Tip: Avoid Hard Accelerations

    22. Avoid Hard Accelerations

    Don't accelerate or decelerate aggressively. Hard accelerations burn fuel and money for no reason while hard deceleration ruin your brakes.

    How much do you save?
    Up to $500 a year

  • Money Saving Tip: Don't Use Your Car's AC

    23. Don't Use Your Car's AC

    It is not free. Don't use it if you don't need it.

    How much do you save?
    Up to $50 a year

  • Money Saving Tip: Keep Windows Closed

    24. Keep Windows Closed

    Driving fast with open windows increases your fuel consumption significantly because the wind holds your car back and opposes its movement.

    How much do you save?
    Up to $50 a year

  • Money Saving Tip: Remove Things From Your Car

    25. Remove Things From Your Car

    Don't keep unnecessary items in your car. They increase the weight which results in additional fuel consumption. An extra 10Kg of weight could cost you around $100 in fuel money a year.

    How much do you save?
    Up to $100 a year

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25 Simple Ways to Save Money

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