13 Simple and Easy Ways to Save Money on Everything

Tip #11 is a serious game-changer.

21 March, 2018
13 Easy Ways to Save Money on Everything

Tackling your money goals and sticking to a budget can seem overwhelming, if not impossible. But trust us, you don't have to be a financial whiz or a cheapskate to have a healthy financial life—you just have to be a little savvy.

A recent Reddit thread tackled this subject by asking users to post all the simple things they do to cut costs. Here are the best money-saving tips and ideas people shared:


1. Drink your coffee at work. "My work has Starbucks coffee for free, and I drink a ton of it. I'm probably saving at least 10 bucks a day," said sareyoujokinglol.

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2. Get out of the habit of impulse buying. Use this simple rule as a guideline for spending: If you really want something, wait two or three days before buying it. If you've thought about it and still want to buy it days later, then you may purchase it, recommends Reddit user wavecore.

3. Or, try to focus on the value of the item. "If someone offered you an item, or that item's value in cash, which would you rather have? If you would rather have the cash, then you probably don't need that item." Great advice, Danlax33.

4. And if that still doesn't make you more conscious of your spending, then think about it in terms of the hours you would need to work to pay for it. "If my pay is $15/hour and the item I want to buy is $90, is it really worth six of my working hours for just this one thing? It helps to put it into perspective for me," said vektim.

5. Opt for water. If it's not free, then it definitely costs less than any other drink on the menu, daveed2001​ pointed out. And just think about the health benefits—it's a win-win!

6. Stop buying things under Rs. 100. People tend to carelessly purchase Rs 100, 200, or 300 items, but it adds up quickly, wrote hopefullygone​. At the end of the month, take a quick look at how much you spent on these low-cost items or services, you'll be amazed by how much you can save.


7. Quit the unhealthy, costly habits. While you may not want to cut out vices like drinking entirely, it's a very simple way to save money, noted SinSkin. ​


8. Own, don't lease. Another great piece of advice from kahzgul​: When it comes to cars, appliances, houses, etc., you'll always save more money in the long run by purchasing them.

9. Eat in-season fruits and veggies. Produce that's not in-season tends to be more expensive, ampersand12 explained. Use this list to keep track of what's growing at all times of the year so you know when it will be cheapest to buy.

10. Set up a different bank account just for your spending. FalstaffMind shared this brilliant idea: "I set up a separate account that I transfer $200 each paycheck. I try to live off that debit card.​" In other words, have one bank account dedicated to monthly living expenses and bills, and use a different account for unnecessary things like clothing and entertainment.


11. Use cash only. This is a simple way to be more conscious of what you're spending, 07yzryder​ explained. You're more likely to buy less when you have to pay for it with cash (no one likes to see their money physically leaving them), and science has proven that you'll appreciate your items more they're purchased with cash.

12. Don't play the lottery. You're most likely never going to win that million dollar prize so, instead, ohreally468 has some genius advice: "Take $10 and put it in your pocket. Pick six random numbers and then compare them to the winning numbers. Then take the $10 from your pocket and keep it. You win.​" Simple enough, right?

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13. Bike to work. You'll save money on gas, parking, and car maintenance, and you'll get in a free, daily workout, noted pvt_Donkey.​


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Credit: Cosmopolitan
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