Are you looking for ways to save money each month?
We all go through times when our budgets get a little tight. What can you do about it to make sure this is a season and not a lifestyle?
You’ve come to the right place. I’ve got 30 tips to help you learn how to save money each month. You may embrace these tips, adapt and choose a lifelong frugal lifestyle.
Or they could be enough to get you over the financial hump you’re facing.
Either way, check out this list, and see which tips might work to help you save money:
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1. Budget, Budget, Budget
It’s nearly impossible to save money without having a functional budget. I know I harp on this a good bit, but you must know how much money is coming in and how much is going out.
Create a budget so you know what you’re working with. From here, you can develop a game plan to get your financial life back on solid footing.
2. Dine In
Most families waste a ton of money by eating out. I know it’s easier, but at the same time, it’s expensive and less healthy.
If you’re short on time, buy a crockpot.
A crock pot is one of my kitchen essentials!
If you love the social aspect of dining out, start hosting get-togethers at your home or even at a local park. There are many ways to eat better, save money, and not miss out on seeing those you love.
3. Turn Off the Lights
Your electric bill is a bill that will fluctuate. Make this work for you. Be sure to turn off all the lights when they aren’t in use.
Be mindful of energy suckers and do what you can to cut down on the amount of electricity you use each month. Consider line drying your clothes or unplugging items not in use. Many electric companies have an app to show you your daily usage. Take advantage of it.
4. Start Streaming
There once was a time that everyone had to have cable. You had few choices and were stuck paying what these companies wanted to charge.
Those days are long gone. Cut your cable and go with streaming services because they’re less expensive. You could skip streaming all together by casting YouTube to your TV for free.
5. Drop the Plan
Some cell phone plans are better than others. Shop around for your cell service. You might be able to get unlimited calls, texts, and data for much cheaper than what you pay for limited services.
Plus, if you have unlimited data/ hotspot use, you may be able to skip your internet bill by using your phone as a hotspot. Don’t forget to check for prepay packages too. Many times, they’re much more affordable than contracts.
6. Catch the Rain
If you live where you have a water bill, it can eat into your budget. Start finding ways to save on your water usage.
Take shorter showers, don’t leave the water running, and if you garden, start collecting rainwater. It’s great for watering your plants. Be mindful of HOAs and county regulations on harvesting rainwater.
7. DIY Laundry Detergent
I’m a laundry detergent snob. I’ll be the first to admit it. In my early days of marriage, I bought the cheap brands until I realized it truly didn’t work as well as the more expensive brands.
However, if you’re trying to save money each month, you may have to bite the bullet and use the cheaper detergents. You could also make your own laundry detergent and save even more money.
8. DIY Cleaning Products
Either shop the dollar stores for your cleaning supplies, buy them in bulk, or make your own cleaning products. It’s easy and much less expensive.
9. DIY Beauty Products
While we’re on the DIY train, let’s talk about beauty products. Some products are expensive and can eat into your budget.
10. Grocery Shop Mindfully
Groceries can be one of the biggest budget-busters in any given household. The reason is because we all eat, we all love delicious food, and we all get carried away.
Make sure you grocery shop mindfully to avoid busting your budget. You can still eat well on a budget. It just takes a little more planning.
11. Think Before You Buy
If you have a tendency to buy things on a whim, you’re overspending. When you make purchases without truly thinking about them, it rarely ends well for your financial situation.
Stop doing this. Instead, put a note in your phone of the item you want to buy. Think about it for 48 hours.
If you still want it, still think you have a use for it, have shopped around for the best price, and have figured out how to responsibly pay for it, go get it.
12. Grow It Yourself
As stated above, the grocery store can get a large chunk of your money if you aren’t careful. This is why I recommend growing as much of your own groceries as possible when you’re trying to figure out how to save money each month.
This doesn’t have to be hard. You can start a small garden, grow easier vegetables, and even get a few chickens for eggs. Even if you live in the city, some people container garden and raise chickens on rooftops. Yes, city chickens exist, my friends! 😉
13. Shop Secondhand
You don’t have to buy everything brand new. Thanks to social media, buying items secondhand is a ton easier than it once was.
You can now buy clothing secondhand without ever leaving your home. You can also buy used appliances and even cars online. Be sure to do your homework to make sure you’re buying a quality item.
14. Get Creative
Creativity is a necessity when trying to figure out how to save money each month. You may have to think outside of the box.
One instance in my own life is when we began homeschooling. I had to learn how to homeschool on a budget. I came up with some ideas, found many useful resources, and was able to homeschool my children without breaking the bank.
15. Shop Sales
I’ll be real, my husband is the king at finding good deals on used items. I’m not quite as good at it. Therefore, I use my talents for finding good sales.
If you’ll take the time to do some research online, you may find lots of good deals on items you need. Don’t be afraid to use coupons either. I use SouthernSavers.com to help me match sales and coupons.
Check out my post on the major deal I hit when buying homeschool curriculum this year. We’re homeschooling the whole family for under $200!
16. Open the Windows
This takes us back to saving on electricity, but if you have a few cool days in your area, don’t turn on your air conditioner.
Instead, open your doors and windows. The breeze could keep your house cool without using any electricity.
17. Heat Naturally
Six years ago, money was super tight in our household. We lived in a bigger home, and it was killing us to heat it.
My husband installed a wood stove. It kept our home warm, and it cut our electric bill drastically.
We moved to a larger farm a few years ago, and we installed another wood stove because they heat well and save us money. Look for natural and alternative heating sources to shave money from your electric bill.
18. Stay Home
We’ve all had our fill of staying home this year, but it can save you a lot of money. Staying home doesn’t have to be boring.
Instead, get creative and find fun ways to entertain the whole family while staying in. By staying home, you’re spending less on entertainment and less on gas too!
19. Ditch What You Don’t Need
Don’t panic. Instead, start slashing bills. If you don’t need something, get rid of it. For instance, a monthly gym membership may be optional during a financial crisis. You may have to work out at home or via YouTube.
20. Shop for Better Prices
When we had a new baby in the household, my husband and I were interested in making sure we didn’t have money being wasted. Having a new life to take care of will certainly make you mindful of your finances.
I started shopping around for home and car insurance. I was amazed to see how much we were overpaying.
We ended up getting more coverage for less money. It never hurts to shop around and even change insurance companies from time to time.
21. Utilize Acorns
Sometimes saving money each month is more about tricking your mind than anything. My husband had a hard time learning how to manage finances. If he saw money piling up in a savings account, he’d want to spend it.
Instead, we got an account with Acorns. It rounds up each dollar you spend and puts it into a separate account. My husband was able to train himself to save money this way.
I’m happy to report, he can now stand seeing money in our savings account and not want to spend it! Woot!!
22. Grocery Shop Less
My family and I had many reasons to start this journey, and we save money every month by quarterly grocery shopping. You should check into it and see if it’ll work for your family.
23. Eat Cheaper
Let’s say you don’t cook, or you’ve tried saving money at the grocery store in the past, but it never seems to work.
An easy solution is to simply eat cheaper. If you must eat out, find the best deals. If you head to the grocery store, check out the cheapest foods to buy, and make them fill the bulk of your grocery list.
24. Edible Landscape
Edible landscaping is a great way to save money each month. You plant it once, and as long as it lives, you have food continually.
It doesn’t have to be fancy. You could plant fruit bushes in the place of ornamental. Instead of an ornamental tree, plant fruit trees. Hide asparagus behind some shrubs. You could also use your window boxes to grow herbs or vegetables.
25. Brew It at Home
People spend so much money on buying coffee. I get it. Coffee is amazing, but do you realize how much time and money you waste buying it at a restaurant?
Instead, get a coffee pot and start making your coffee at home. My favorite coffee beverage is a bulletproof coffee. It’s filling and much less expensive than some of the coffee beverages at restaurants.
26. Buy in Bulk
Buying in bulk isn’t cheaper every time. You can do the math, find out the unit price, and if it’s cheaper you should try to buy the item in bulk.
This is convenient because you’ll have to shop less, and it saves you money. Anything that saves you both time and money is a winner in my book.
27. Shop Online
I love shopping online. It’s more relaxed and convenient. Plus, I save money! I get special online sales, coupon codes, and I don’t have as many impulse buys.
Not to mention, you can take time to look at your budget while shopping. If you know you’ve gone overboard, one click, and the items can be removed from your cart. Online shopping makes my life a ton easier.
28. Stay Ahead of the Game
Staying ahead of the game is essential when trying to save money on a monthly basis. Be sure to plan ahead for emergencies because they’re going to happen. Acorns is great for this!
Another example is vacations. If you want to take vacations, plan ahead, and figure out how to take them on a budget. The bottom line, the more organized you are, the less likely you are to use credit cards. This will save you interest and another monthly payment.
29. DIY Your Fun
Even if you aren’t a carpenter, take on some small projects to grow your skills. You can DIY lots of fun things to do around your home.
For instance, build a DIY fire pit. We’re actually DIYing a swimming pond this summer. (Tutorial to come soon!)
You can even have fun and frugal family nights that don’t have to cost you a ton of money. Doing things yourself can save you money each month and still allow room for lots of fun in your life.
30. Invest Wisely
I’m not talking about investing in stocks and bonds. I’m not a financial professional, so you don’t want advice from me on this subject.
However, I have learned it’s a good idea to invest in some items upfront to save money in the long run. For our fun family nights, we purchased a projector and a tent to have outdoor movie nights and camp outs at home.
Though I spent money upfront, we will get many fun family nights from these purchases.
Know what items to invest in that will give you many fun times with your family without costing an arm and a leg every time you want to do something fun. Those are usually wise investments.
Hopefully these 30 tips will show you how to save money each month. Every idea may not work for every situation.
It’s my hope that they’ll at least inspire you and give you ideas on how you can save money.
Good luck to you in your money saving efforts. Remember, hard seasons come and go. Learn from the hard times but know that brighter days are coming!
Interested in learning how to become more self-sufficient? Check out my post!