How to Save Money on any Budget

How to Save Money on any Budget

Everyone want to save money. Whether you are on a tight budget or not, saving money is beneficial to your financials and future. Saving on expenses each month can help alleviate financial stress or provide you with an opportunity to put money into your savings account.

Join us as we look at three ways to cut everyday costs, as well as other practical ways to save money, regardless of your budget.

3 Ways to Cut Everyday Costs in Your Life


If you look at your budget from a monthly perspective, then it’s hard to see the everyday purchases you’re making. Instead, consider taking it one day at a time. Here are three ways to cut everyday costs and save on any budget:

1. Make Changes Around the House


From unplugging high energy appliances, to changing out high energy light bulbs, or investing in proper home insulation, you can save hundreds each year by making small changes. Unplugging items such as coffee pots, electronics, and microwaves when you’re not using them, can lower your electric bill.

2. Swap Brands


Buying store brand can save you a ton of money each month on groceries and household products. In many cases, the store brands are actually the exact same products. You can also save money by shopping and buying sale items over non-sale items.

3. Eliminate the Extras



Extras expenses are things such as monthly tv or music subscription, buying coffee every day, and other extras. For an example, if you have Netflix and so does a family member or roommate ask to split one plan as opposed to both of you paying for two plans. You can also eliminate a large expensive cable bill and switch to Amazon Prime, Hulu, or Netflix.

5 Money Saving Tips to Grow Your Savings Potential

1. Have a Plan


There’s a saying, “If you fail to plan, then you plan to fail”. There is a truth to this when it comes to finances. Set up a budget and stick to it; make a plan for your finances, savings, and spending. Make a grocery list before going shopping, and use coupons if you can for more savings.

It is important to be in control of your money and make sure that you are aware of all of your expenses. By having a budget you can have a realistic plan in order to save money.

2. Assess Your Debt


In the same way having a finance plan is important, it is also vital to asset your debt. If you have credit cards with high interest rates, it may be financially beneficial to apply for a debt consolidation loan with a much lower interest rate. This will save you money on interest in the long run.

The same goes for credit repair companies, which can help you get better interest rates by helping you get your credit score back where it needs to be. If you’re interesting in companies like Sky Blue Credit, definitely check them out to see what they can do to help your long-term financial future.

3. Use the 24 Hour Rule


The 24 hour rule is used when you want to purchase expensive or impulse items. You may be surprised at what you may not end up buying after waiting for twenty-four hours. It gives you time to see if you really want something, or if it’s just an impulse buy.

This will also help you decide if you really need the latest tech, or if it can wait until a sale later on.

4. Unsubscribe


We all subscribe to email lists. Most of the time these subscription are for our favorite places to shop and they are filled with sales and clever marketing. However, by unsubscribing to these emails you eliminate the temptation. If you never knew about the Macy’s sale then you were never tempted to impulse spend.

The same goes for services like cable TV, or streaming services like Netflix. You can save a lot of money by minimizing the services you subscribe to. For example, you may not need Netflix and Hulu if you primarily use one or the other.

5. Deals and Coupons


Coupons are becoming easier to use with the increase of digital coupons. I guarantee that you will be surprised will how much you save if you try shopping with coupons. Another great way to save money is by taking advantage of deal sites such as, Groupon or LivingSocial.
These deal sites usually have deals for just about everything, from oil changes for your car, to hotel deals, to dinner and movie tickets.

There are many ways to save money, and you can realistically save money on any budget by making a few changes. From small changes to large one, they all add up to more money in your pocket or savings account.

Final Thoughts


Saving money isn’t easy, especially when your budget is tight. Even so, you can cut costs and save money at the same time with these tactics. How do you save money in your budget? Let us know in the comments!

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