A man saving his money into piggy bank

30 Super Simple Ways to Save Money

Filife team

    The issues that arise when it comes to saving money are numerous–and you are not alone. At some point, you may think that you have been doing so well in saving your money. However, at the end of the day, all those efforts do not seem to be enough. 

    Many people have been making so many sacrifices to save, but sometimes we have to become mindful of our personal finances and spending habits. As we continue to understand our budgets, money flow, and the things we spend on what we need, believe it or not, we will eventually get to start setting away more Money that we have ever expected.

    There are many things to consider to save money effectively. This includes both long-term strategies, just like clearing your debt, and short-term strategies, which can be seen as skipping a simple night out at the club with friends.

    While it is understood that changes in your financial lifestyles do not happen drastically overnight, you should know that with patience, time, and dedication, nothing is impossible for reducing expenses and savings.

    Now, if you ask yourself questions on how to save money, well, this article can help you do just that.

    Why is saving important?

    The importance of savings? I think all Americans can easily answer this question. Still, this article begs to remind us all of the importance of being financially stable and resilient, especially during our toughest times. Let me answer this question by presenting a couple of instances:

    First, this is important because we would want to secure our futures, and the expenses that come with it–let’s say our college education. If we have a family, we will easily understand that saving is indeed important for our children’s college futures, and of course, essential needs.

    Second, is about making sure that our lifestyles as Americans won’t get compromised because of fund shortages. Consider setting a chunk of your finances aside for your next car, even if you think that you don’t need one right now.

    Thirdly, saving is all about making our retirement something that wouldn’t stress us financially as we age. Should there come a time that we would want to go on a vacation or travel around the country to visit our loved ones, we would want it to make us feel that we are still financially capable of paying for such things.

    Below are a couple of approaches for us to save money, and we should think about these in the long term.

    1.Create a budget

    One of the fundamental aspects of reducing costs is knowing how much you have and where those resources are being spent. 

    It is important to note the 50/20/30 rule in creating a budget. This rule means that fifty percent of your income should be spent on your necessities, such as food, shelter, clothing. 

    In comparison, twenty percent should go to your savings, and that the other thirty may be spent on things like entertainment and other recreational activities.

    Having a budget like this will surely help you out, but it could be useless when we do not have the discipline to stick to it in the first place.

    2. Save automatically

    While saving finances manually is something anyone could feasibly do, people still tend to forgo their savings at the end of the day. Start saving money by automatically deducting funds from your paycheck and into your savings account to ensure that you get to save consistently and automatically.

    3. Build an emergency fund

    It is recommended to strive to have an emergency fund on your account. According to financial experts, this fund is equivalent to six to seven months of your monthly wages. These funds should then be stored in a separate bank account so that you won’t get tempted to spend it. With this, you can avoid going to debt when emergencies arise.

    4.Track your spending

    Awareness of where your expenses have been going is important. A prerequisite of saving Money is to be able to track your expenses in the first place. The more mindful you are about your spending, the more conscious you are about your savings account; the more you get to save.

    5.Avoid debt

    Ensure that your credit card is paid off each month to keep interests and debt from accumulating in your account. Avoid spending beyond your limits, and, if possible, stay away from unnecessary expenses! Avoiding unnecessary interest payments because of debt. Doing things like these are one of the very good ways to save in the long run.

    6.Make a plan

    Break down your huge savings goals into achievable milestones on a weekly or a monthly basis. Remember, if you save money consistently in the short run, your savings will be more resilient in the long run. Ensure to align your plan with your budget, and stick by it.

    7.Use the 30-day rule

    This rule is rather pretty simple: think and write about your large purchases and give it a 30-day thought period. If you plan on buying a car, for example, don’t buy impulsively; write the idea down and think about the purchase thoroughly instead. If you think that, after 30 days, buying that car is still important for you, then go ahead and buy it.

    8.Consider refinancing your Mortgage

    Take advantage of the idea that you can save some money in the long run if you change your mortgages’ rate. Just be sure to consult with your financial advisor first before committing to any new deals. Failing to consult with such experts might land you into newly-financed mortgage deals that may not benefit you anyway.

    9.Create a savings goal for retirement

    Retirement label on a jar filled with money

    Financial advisors would advise that people be setting aside at least 15% of their annual income to keep them financially stable upon retirement. Create your savings goals by calculating this, after considering which year you would want to retire.

    10.Maintain your home and car

    Remember that your assets’ value should be maintained and up to par in the market. This will mean regularly maintaining your car and home through trusted institutions. Try avoiding cheap repairs, as these may not be sustainable for your assets in the long run.

    One of the maintenance you would want to ensure is having your house painting regularly renewed, nurturing the trees in your property, and cleaning your gutters to keep water from damaging those that shouldn’t get wet. It would help if you also considered that well-maintained assets would require fewer repairs, and with fewer repairs, the more cash you get to set aside.

    11.Invest in quality

    Some may call this elitist, but it is important to invest in high-quality things than those cheaper products and services that won’t last long enough. Consider this as a smart money-saving strategy. And oh, these do not just apply to purchasing for your home appliances, but also to clothes, shoes, food, or even furniture!

    12.Start saving for college early.

    To keep you from post-college debt in your bank account years from now, one of the best ways to save money is by starting as early as possible. Try to save for your education (or that of your children’s) as early as…right now!

    Also, logic would tell you that the sooner you set aside money for your big future expenses–including your education–the easier it is to get away from huge chunks of college debt!

    13.Fully utilize your employer’s 401k match

    If you don’t want free money to go down the drain, make sure to match your contributions to your retirement savings, relative to a certain percentage of your income. This is to max out your employer’s matching benefits.

    14.Consolidate debt

    Consult your financial advisor about the alternative options you can take advantage of regarding your debt. You can start saving money for the long term by consolidating multiple high-interest debts into one lower-interest payment–if deemed feasible. Consolidating debt (especially with credit cards) can save you from paying unnecessary interests in your account.

    15.Consider accounts and equities

    Like consolidating debt, it is important to consult with your financial advisor first before making decisions on risky money investments. Researching what you are investing your money on is also important! After doing so, you might want to consider opening money investment accounts and equities that save Money through interests.

    16.Switch to a cheaper cell-phone plan

    The principle here is to use only what you can consume. Research shows that the average American consumes only 1.6gb of data each month. You are downgrading your cell phone plan to something more optimum, as relative to your monthly or weekly usage can help with money-saving.

    17.Lower your utility bills

    You can be saving a lot in the long run if you get to lower your monthly utility bills down. Evaluate your lifestyles at home and try to be as conservative as possible with your utilities. One way to do this is by using natural light for indoor light during the day, or by simply unplugging unused appliances. Yes, it can boil down to those simple, small things.

    18.Time major purchases around sale periods

    You can make a lot of savings in your account when you strategically time your purchases in seasons where sale periods are prevalent. This applies to making major purchases, such as buying a car at the end of the year, for example, as sales for such vehicles usually go up during that part of the year.

    19.Cancel your gym membership

    Nope, I’m not telling you to stop exercising; I am telling you that you can be creative with exercises that can be done at home instead. There are a lot of vlogs or apps about home workouts online. Or if you are more of an outdoor type of person, then jog around your neighborhood instead of paying money to run on a treadmill. Canceling your gym membership is indeed one of the strategic ways of saving money.

    20. Use coupons

    Gift voucher

    Coupons are available everywhere–they’re not just in newspapers or magazines anymore; they can be found on various apps and websites, too! Save Money by utilizing these coupons every time you make your purchases. Imagine all the money saved in your savings account whenever you utilize such coupons–such savings can be limitless!

    21.Share entertainment

    The idea here is something very practical: all you have to do is to borrow your friends’ CDs or DVDs, or split payments with them through joint streaming accounts.

    22.Plan your groceries

    More ways to save money is to plan your purchases ahead of time. Create a meal plan and list down the ingredients you would need to purchase for it. These are ways to save you from buying unnecessary items that will eventually ruin your budget.

    23.Understand food spoilage

    You will know how to save money if you understand how food spoilage at home works. Remember, the key is only to consume what you can. Many foods are still edible even after their expiration dates. So, ensure to take a second look at the product before throwing them away.

    24.Inflate your tires

    Keep your tires properly inflated as this can save money by keeping optimum gas usage of up to 3%. You can monitor your tires’ maintenance needs by investing in a pressure gauge and regularly checking for proper tire pressure. You can also start saving money by not paying for technicians to check on your tires, as you can do this yourself.

    25.Carpool to work or school

    Another money-saving strategy is to join or organize carpooling to and from work (or school). Doing this does not just help your account savings, but your friends’ as well!

    26.Lower the temperature on your water heater

    Water heaters consume a lot of money, especially if the heat is set too high (usually at above 140 degrees). Lowering the temperature by another 20 degrees can make you save so much money in the long term.

    27.Replace your incandescent light bulbs

    Thanks to technology, LED lights can now beat incandescent light bulbs by consuming less energy while still emitting a competitive amount of light energy. Replacing your bulbs to LED is indeed one of the many ways to save money! Research would show that replacing your bulbs to LED lighting can make you save up to $3260.00.

    28.Install a programmable thermostat

    There are so many products in the market that help you turn your AC or heat up or down while you’re away, or even while you’re asleep. This is surely one of the very good ways to save Money in the long term.

    29.Try envelope budgeting

    People spend more whenever they use their credit cards because it saves them from the mental pains of making a purchase. Doing otherwise, such as setting aside budgets on envelopes (and divided by purchase categories, i.e. utilities, leisure, etc.), can help ensure that you don’t spend too much in a particular category, for instance.

    You can make your envelopes at home or buy them at low prices at stationery stores. Remember, you don’t need to have a credit card for envelope budgeting!

    30.Avoid impulse buying

    There are no items in the market (whether or not it’s on sale) that can cost you less than by not buying the item at all. Do not engage in purchases you haven’t given much thought of, especially with items you do not really need.


    It is important to be aware of Money how to save it. Even if the reason behind your savings is for immediate purchases, always know that you can still accomplish much when you start strategizing for your life-long savings. Many strategic ways to save Money have been listed down in this article, and I hope that you now can be more financially more empowered when it comes to your money and finances.