Everyday money saving tips

There are many ways to save money. Some ways require sacrifice, while others require a bit of foresight. The key is to always remember to set aside extra change, and before you know it, you'll have a tidy sum. Much research has been conducted on the attitudes and thinking of the world's wealthiest and most successful people. They all have an optimistic attitude regarding money and their capacity to earn and maintain it. The most essential method of saving is to have a positive attitude about money when you really need it. Consider how you spend and save money in a good light.

Table of Contents

Ways to save for an emergency on a daily basis

Other creative ways to save money      

Frugal ways to save money

Money-saving suggestions

How to save money on gas/petrol

Easy steps to reduce your electricity bills

Bid farewell to credit cards

Good budget-cutting tips

Ways to save for an emergency on a daily basis

Here are some good ideas for saving money.

• Do not go beyond your weekly earnings when it comes to spending.
• Find a better paying job.
• Look after your job skills so that you are up to date and first in line when a new opportunity arises.
• Adjust your lifestyle to spend less.
• Set a solid financial budget to encourage savings.
• If you must use credit cards, choose those you can save.
• Avoid using credit cards at all costs, and make sure you pay them off each month.
• If you have credit card debt with high interest rates, consolidate it into a single payment.
• Find ways to reduce your student loans.
• If possible, refuse to spend money.
• Cut back on your spending one day at a time.
• Stop buying things you can live without.
• Stop buying things you don't need.
• Refinance your mortgage or debt at a much lower interest rate.
• Obtain a cheaper interest rate on your auto loan by refinancing.
• Switch insurance providers if you find a lower premium.
• Use coupons to shop.  Don't shop without a coupon.
• Wait until things are out for sale before you buy them. Use coupons in catalogues.
• Don't buy a product just because it is on sale.
• Buy generic or unbranded products whenever possible.
• Wait for prices to drop before buying (especially for electronic products).
• Reward yourself for saving money.  Take advantage of reducing your debts and increasing your investments.
• Drive a used or leased car instead of a new one.
• Reduce your car insurance.
• Don't eat out as often as you'd like.
• When eating out, buy half-price meal vouchers.
• Only buy discounted magazines.
• Do more housework.
• Invest the money you save to earn more.
• Make a plan to save $200 a month (as much as possible). Set aside a monthly savings amount in a money box and look for ways to increase it.
• If you have money to spend, don't spend it just because you have money to spend.
• Try to get a better education.
• Be very busy. Then you have less time to spend money.
• Find an interesting hobby that occupies your time and does not require you to spend money.
• Find a hobby that you can turn into income.
• Stop smoking and put the money you save in the bank.
• Start a sensible diet and lose weight. You will save money on food, feel better and your medical costs will go down considerably in the long run.
• Take a close look at how you spend and save your money.
• Learn to manage your finances by reading financial publications.
• Increase the amount you earn by getting a second job, a promotion, a new job, investments, etc.
• Stop competing with your friends and neighbours. Be happy with what you have.
• Don't compare yourself to your friends and neighbours. Be happy with being yourself.
• Sell your car and take the bus to work if you can.
• Contribute the maximum amount to your 401K or IRA each year.
• Buy dental insurance before you need it.
• Purchase health insurance before you are in need of it.
• Paying off debt is another way to save money.
• Switch to lower your phone bill.
• Reduce your cable bill by giving up pay-per-view channels or switching to satellite.
• Earn extra money by taking short online surveys.
• At all times, maintain restraint.
• Be patient when looking for special offers.
• Start saving today!
• Don't give up-save just $10 today!

 

Other creative ways to save money

      

• Buy clothes at second-hand shops (especially for young children). Find gently used or even new clothes for a tenth of the price of new clothes (or less).
• Pay your bills online. It's secure and you can save on stamps.
• Instead of driving your kids to school, send them on the bus.
• Instead of buying pricey new furniture, reupholster existing furniture for a fast makeover.
• Refurbish and/or decorate furniture with new paint. Reuse old and damaged furniture to create unique pieces.
• Bring your lunch to work every day! To save even more money, prepare meals in bulk and store them in smaller quantities.
• Purchase a bread maker to bake your own bread. It's a lot less expensive than a $2.00 loaf of bread and tastes fantastic!
• Magazine subscriptions can be read at the library or purchased for $0.25 to $0.50 from a thrift store after someone else has read them.
• Skip the costly Coke and replace it with Kool-Aid, or decaf iced tea.
• Give up expensive telephone services, such as call waiting.
• Borrow books from the library instead of buying expensive new books.
• If you wash your hair every day, don't soap it twice. You will save on shampoo!
• Change your eating habits and stay away from high-priced processed foodstuffs.
• Exercise and eat well to reduce your medical expenses.
• To save money on your dental bills, get in the habit of brushing and flossing..
• Maintain your car regularly to avoid expensive repairs.
• Repair your old clothes instead of buying new ones.
• Only buy clothes that don't need to be dry cleaned.
• Take care of your nails. Avoid getting manicures.
• Keep your hair simple; use a low-maintenance style.
• When shopping for products above $100, get at least 3-6 quotations.
• If at all possible, cultivate self-control and simplify your life.
• Only buy cheap cosmetics from an unbranded pharmacy.
• Cut dryer sheets in half.
• Buy generic over-the-counter drugs instead of branded ones whenever possible.
• Buy unbranded wipes, nappies and formula milk, whatever you can for your baby.
• Find quality, branded clothes at flea markets in affluent areas.
• Find fashionable clothes on sale at shops like Gap and Stitches.
• Stay fashionable by looking for simple t-shirts and colourful skirts, then adding cheaper trendy accessories.
• Put your change in a piggy bank if you get it for your purchase. Always give the clerk a full $1, not a fraction of a dollar. You'll have "discovered" some money to put into an emergency fund in a few months.
• You can save money by shopping at the supermarket in the mall.
• In winter, it is not necessary to heat the house above 68 degrees. Wear warm clothes and socks/covers when you are at home.
• Use plastic bags from the grocery shop as rubbish bags.
• Some grocery shops will give you 5 cents per bag if you bring your own bags. Over time, these cents will increase.
• Instead of buying a new house, you can rent one.  The costs are lower.
• Put in a water softener. Using this may cost more in the short term, but your appliances will stay free of lime scale, which will save you money in the long run.
• Breastfeed your babies!
• Next time you go shopping at the supermarket, save money by looking for products at the bottom, closer to the floor, as they are often much cheaper than those at eye level. Also, avoid the urge to buy additional goods such as magazines or chocolates at the checkout.
• If you get a present that you know you won't use, regift it! Give one of your own gifts the next time you need to buy a present.
• Pick your own fruits and vegetables in season.  They're less expensive and superior in every way.
• If you really want to see a movie, go to the video store and rent it on DVD.
• If you brake, swerve and accelerate quickly (drive too fast), you will use much more fuel. Never let your fuel level drop below ½ a tank, and never fill up if you are driving 'empty'.

 

Frugal ways to save money

  

• Saving for emergencies doesn't have to be difficult if you do your best to put money away consistently. Get into a saving mood and watch your bank account grow.
• Save money by exchanging with relatives and friends instead of purchasing a new DVD. Do the rounds once a month, and before you know it, you'll have a new collection of great movies to watch.
• Each spring, start a little garden with crops you enjoy. Even a modest daily effort can help you save money on fresh veggies that you would typically buy at the store.
• Buy bread and other baked goods from a local thrift bakery.
• Check out the latest DVDs/movies at the library and rent three DVDs for $2.00 for two days.
• Read local newspapers online.
• Consider buying expensive items on eBay and save hundreds of  dollars on things like laptops, DVD players and other electronic devices.
• To save money, write down the cost of all the items you buy on a regular basis and shop at the cheapest shops, such as Family Dollar for cleaning products, Wal-Mart for pet food, etc.
• It is worth trying to make the most of your time on the road by combining tasks that require you to travel to a specific location, such as shopping or banking.
• Send postcards to friends and family who don't feel like strangers, for holidays, birthdays and as thank you cards. You can also send cards by email to relatives and friends who live far away instead of making long phone calls.
• Reduce your monthly long distance charges and only use your password for calls that are infrequent and cheap anyway.
• Decide which satellite channels you can do without and give up a few shows you really like. You could save over $20 on your monthly bill.
• When buying fruit, vegetables and bread at the supermarket, look in the trolleys and fast food discount sections.
• Change the oil in your car yourself.
• Save money by buying clothes for the end of next year/end of season. You can get big discounts.
• Take change out of your pocket every evening or regularly empty your wallet and toss coins. Never withdraw money before the end of the year. Then take all your coins to the bank and exchange them for cash. You will be surprised to find that they have increased to $50, $100 or even $200.
•  "Take care of your pennies and the money will take care of itself.
• In good weather, you can commute to work by bike instead of a car, saving petrol.
• Eat several hearty vegetarian meals a week.
• Go to a flea market. It's a good source of household items, books, clothes, and furniture.
• Don't buy bottled water! Buy a good water filter and drink water from the tap.
• At the end of each day, put all your change into an empty coffee pot. Throw coins in while watching TV or listening to the radio. This will quickly earn you hundreds of dollars and allow you to do something nice with your hands to relax.
• Reduce your energy expenditures to save money. After rent or mortgage and food, energy can be your second or third largest expense.
• Switch to compact fluorescent light bulbs for all interior and exterior lighting instead of incandescent. They can be expensive, but they last for years (you don't have to replace them) and usually use 10-20% less energy than regular bulbs. Buy one every time you go shopping, and start in the busiest areas of the house, such as the kitchen or stairway, until they run out.
• If you own your house, consider converting any electric heating appliances, such as your hot water heater, furnace, stove, or dryer, to natural gas. Electricity can be used in almost any appliance and is expensive. Gas is a very efficient heating appliance; it heats much faster and wastes much less energy.
• All of your laundry should be washed in cold water. The majority of contemporary detergents are equally effective in cold and hot water. Also, be sure that whatever laundry you do is a full load-a tenth of a load uses the same amount of energy as a full load.
• Try this trick with your tumble dryer: turn it on for 20 minutes, then switch to air mode for 15 minutes. The clothes are already warm and the water is released as steam, and although it takes about 20% longer to dry, you can save about 50% of the energy cost of the dryer.
• In the colder months, when you need to use the oven, turn up the heating to the required temperature. When the oven turns off (the house is heated), turn the thermostat to the off position. If it is cold, check the thermostat. If the temperature is 5 degrees below the desired temperature, reset the thermostat to the desired temperature.
• Furnaces are turned on and off frequently to maintain the desired temperature, but they work most efficiently when they are turned on for longer periods during the heating cycle. You can save up to 50% on heating costs and up to 30% compared to modern digital thermostats. Of course, if you are away from home, you will need to keep it off.
• If you are ever away from home for a weekend or more, unplug everything. An alarm clock, flashing video recorder or DVD on standby will still use energy. If you are away for a week, you can save a lot of money by simply unplugging these appliances and protecting your home from fire hazards in the event of a power cut or surge.
• Make sure your refrigerator and freezer are always filled. The less air in your fridge, the shorter the cooling time of your fridge or freezer. Don't have much money for food? Just buy lots of bread and put it in the freezer, as bread is usually cheaper if you buy it in bulk.
• If you really need to subscribe to a newspaper, form a small group, maybe three people, to share the cost. Then everyone can keep the paper for a week.
• You save money by throwing away catalogues and magazines that tempt you to buy.
• Do not throw away empty milk cartons. Instead, cut them up and wash them and they can be used as bags. Frozen food will also stay fresh if used with a sealer.
• Save money by making a shopping list, planning next week's menu and only buying things from the list.
• Instead of renting DVDs, ask your friends and relatives to lend you theirs.
• Set your washing machine to the shortest possible wash cycle. Instead of washing your laundry for 10 minutes, turn it on for 5 minutes. This will save you money on your electricity bill and reduce wear and tear on your clothes.
• Encourage your children to play team sports. The more time you spend playing sports with your kids, the less time and money they will spend at the mall.
• If you want to save money on petrol, don't fill up the tank to the full level as the extra weight of petrol will affect the engine. Remove all unnecessary items from the boot to reduce the weight of the vehicle.
• Watch videos of other frugal people. Buy a box of popcorn and add your own flavourings.
• Turn off the heat in the evening and fall asleep with a bottle of hot water. It works well in a small apartment as it warms up quickly. Those living in larger houses should also turn down the heating.
• If you must drink specialty coffee, espresso is a reasonable option, but because it's finely ground and smaller quantities are used, the coffee lasts longer.
• Buy items like razors, creamers, software, baby food and diapers on eBay. If you can plan ahead, you'll save money.
• Set aside money each pay period that is budgeted for, but not necessarily spent. For example, you've budgeted $50 for car maintenance, but you only needed to spend $30. Take the "extra" $20 and put it in your savings account.

Money-saving suggestions:

    

• Don't be satisfied with a pricing check. Maintain a separate savings account that isn't as easily accessible as a checking account.
• Put your money in a new bank, maybe in a different city. You won't be tempted to take it out every time you go to the bank to make a deposit into your current account this way.
• Purchase a short-term savings bond with a six-month or one-year maturity. You will be given a higher interest rate if you have an emergency fund.
• If possible, create accounts in two distinct names and obtain signatures from each of them before withdrawing the funds. Both parties can talk about the withdrawal and keep each other up to date. As soon as you receive your withdrawal, put at least 5% of it into a savings account. You'll be amazed at how much money you've saved after a year, and you'll feel good about yourself.

 

Everyday money-saving tips.

How to save money on gas/petrol

• Gas/Petrol prices are rising all the time and our wallets are getting thinner. Find out how to save money at your local petrol station.
• Obtain a credit card Some credit cards can help you save money on gas/petrol if you use them to make purchases. This works similar to how some credit card companies award airline points if you use your card to shop.
• Buy a Fuel Card. Discover the benefits of membership. Use your card to get discounts at department stores, grocery shops and gas stations. Shop at Giant Eagle and use their membership card.
• Take care of your vehicle. Even if you can't save money on car maintenance, you can save money on your fuel bill. By using less fuel, you can save money. Change your oil and have your engine checked twice by a qualified mechanic.
• Check online offers. Use online services to find the best deals in your area.
• Invest in a fuel-efficient vehicle. Both the US federal and state governments provide tax credits for hybrid automobiles since they save money both in the short and long run on fuel. A federal tax credit of up to $2,000 applies to fuel-efficient automobiles. To save money, choose a car that gets better mileage, like the Toyota Echo. It has good mileage, and you don't have to purchase an expensive hybrid automobile.
• Turn off the electricity. Driving with the air conditioning might have negative effects on the vehicle's engine. Every kilometre travelled will result in the car using more fuel. Fuel usage must be reduced in order to save money. Open windows are less effective in cooling cars that are large or heavily-loaded on the highway.
• Save money by buying cheaper products. People do not need to buy expensive fuel because today's cars run just as well on low quality fuel as on high quality fuel. Car engines are designed to run on low quality fuel because car designers expect consumers to choose cheap products.
• When prices are high, do not be tempted to stock up. Because they know consumers would pay for it, fuel providers and petrol station operators may charge expensive rates for petrol. A feature of most modern cars is the ability to record the gas mileage daily. If they add a couple dollars to the cost of the product, and it still sells, the owner will know that consumers are open to paying more for their goods. The shop proprietors learn that consumers aren't satisfied with the high prices of fuel simply by seeing how many customers refill their tanks.
• If you can, refrain from driving until absolutely necessary. When travelling in the city, try using the bus, walking, or cycling. These are the most eco-friendly and healthful modes of transportation. Why do you have to travel to the grocery store if it is only a few blocks away?
• Check your tyre pressure every week. Get yourself a portable air pump and a quality tyre pressure gauge and you'll never worry about flat tyres again (not a pencil, they're not accurate). If you want to reduce tyre wear, you need to keep all tyres at the same pressure (which, by the way, you do). There is a sticker on the side of the tyre. Check the door frame, not the tyre.
• Drive at a constant speed and keep the windows closed. When the windows are closed, the air resistance in the car is reduced. It is also advisable to drive within the speed limit. It is also advisable to change gear less often and reduce engine speed. You must avoid using the accelerator or braking abruptly. It's always good to utilise cruise control whenever possible.
• Get rid of unnecessary objects. Lighten your load by leaving the heavier stuff at home. If your vehicle is lighter, you will use less fuel to get to your destination.
• If you find yourself in a situation where you have to stand still for longer than a minute, you can save fuel by switching the car off and only switching it back on when you are ready to drive.
• If you can, buy fuel in cold weather and drive in warm weather. If you buy fuel on cold days and pay by the gallon, you are buying more fuel in bulk for the same price. Never fill your tank full because it will overflow when it warms up.

 

Easy steps to reduce your electricity bills

         

There's no point spending a lot to save a little, but if you're thinking of buying a new appliance, consider using mains electricity first to save energy.

Before you received an eye-catching electricity bill in your mailbox, you may not have been very environmentally conscious. It's time to start saving energy and saving your wallet.

Start by unplugging unused appliances, turning off the water heater to 120 degrees, washing only dishes and letting them dry.

Meanwhile, the Home Energy Saver website (https://homeenergysaver.lbl.gov/consumer/), sponsored by the U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE), offers free online calculators and individual tips on how to improve your home's energy efficiency. It's usually not a good idea to spend hundreds of dollars to save a few cents, but if you're shopping for a new appliance or even a light bulb, consider this site as your first energy-saving tool.

Conditioning

According to the Department of Energy's Energy Efficiency and Renewable Energy Network (EREN), the average household spends most of its energy on heating and cooling-up to 44% of its energy bill.

Install a programmable thermostat. This reduces energy use for heating or cooling when no one is home or when everyone is asleep.

"According to the Home Energy Saver website, Energy Star programmable thermostats can save up to 20-30% on heating and cooling costs by allowing you to make multiple daily adjustments and automatically adjust to changes in outdoor temperature. Honeywell, Hunter Fan, and Smart Systems International are a few of the brands taking part. Unfortunately, programmable thermostats with Energy Star status are not easy to find. Look for thermostats with the usual Energy Star features: temperature reset, two programs and four temperature settings.

Consider ceiling fans

• When you move through the air, you feel cooler. This allows you to set the thermostat to a higher temperature in the summer. According to EREN, this effect is equivalent to lowering the air temperature by about 2°C, which uses less energy than air conditioners.
• Take into account lighting, cooking and other appliances.
• Lighting, cooking and other appliances are the second most energy-intensive household appliances after air conditioners. With the exception of refrigerators, they account for about 33% of a typical bill.
• Consider using compact fluorescent lamps (CFLs).
• "According to the Home Energy Saver website, CFLs use up to 75% less energy than traditional incandescent bulbs and can last up to 10 times longer. This is good because they are cheaper to buy.
• Contact your local energy company for ideas. See if they offer a free energy saving kit with two energy saving bulbs. This is a really great offer!
• Consider using energy-efficient appliances.
• When looking for Maytag washing machines, start with the Energy Star website. Look for the high-efficiency Atlantis MAV9600 for $689 at Maytag's best shop.
• Your fridge is probably the biggest energy consumer of all your appliances, especially if it is over 15 years old. It can account for up to 9% of energy costs. The Energy Star website has a list of energy-efficient models if you want to replace your appliance.
• Heating of domestic hot water
• Water heating is the third largest consumer of energy in the home, typically accounting for 14-20% of total energy bills.
• When considering hot water waistcoats
• Hot water blankets typically sell for $10-20, and delivery costs can easily increase the price by 50% or more if you buy online. In this case, use the internet to find deals offline.
• Consider using water-saving taps and showers.
• The "Niagara" and "AM Conservation" models were featured on several energy-saving websites, including EnergyGuide. The great thing about ordering from EnergyGuide is that all discounts are automatically found based on the postcode you enter.
• If you're looking to buy a new home, you can save energy right from the start by buying an energy efficient home. Check the Department of Energy and EPA Building America websites for projects in your area.

 

Bid farewell to credit cards 

   

One of the best ways to save money as quickly as possible is to dispose of all your expensive credit cards. Credit cards are probably one of the most expensive forms of money. If you don't pay your credit card bills every month, don't use them to buy things like food or clothes.

Debt consolidation is another good suggestion. If you have several credit cards, each with different interest rates, why not consolidate them into one loan and stop paying interest? This is a good way to build a savings fund for emergencies.

Good budget-cutting tips

• Consider refinancing both your mortgage and your auto loan if mortgage rates are particularly low.
• If you live in an area with good public transportation, see if you can get by with one car instead of two.
• Increase the lifespan of your current vehicle. With proper maintenance, it can be replaced every six to eight years instead of every three.
• Regularly inspect the energy efficiency of your home. Replace any major components, such as cracked storm windows, and upgrade air ducts.
• Stop subscribing to magazines or newspapers you don't read.
• Eat less at restaurants and learn to use leftovers creatively. If you drink coffee in the morning at your local restaurant, make it at home.
• Reduce your child's weekly pocket money. Explain that for the fund to work, all family members must contribute to the emergency fund. Remember, this way you will teach your children to save and develop good spending habits.

Saving for yourself has many benefits, and like most things, it gets easier over time. Eventually, your whole family will have peace of mind that you have financial resources and are prepared for the hard times. The sacrifices you make now will pay off when your family needs encouragement the most.