50 ways to save money (2022)

Table of Contents
Video: five easy ways to save money Fix your finances 1. Transfer your credit card debt 2. Organise a free overdraft 3. Reduce your tax bill 4. Use price comparison websites 5. Sign up for loyalty cards 6. Cancel unnecessary direct debits 7. Get a better mobile phone deal 8. Use budgeting apps 9. Share your subscriptions Save money on food 10. Don't dismiss supermarket own brands 11. Get rewarded for your spending 12. Try cheaper cuts of meat 13. Make your own 14. Buy in bulk 15. Use price-match promises 16. Get into using vouchers 17. Don't be duped by discounts 18. Check the 'reduced' aisle 19. Don't shop on an empty stomach 20. Keep food fresher for longer Save money when eating out 21. Order takeaway direct from a restaurant 22. Click-and-print restaurant vouchers 23. Book your night out online 24. Sign up for chain restaurant discounts 25. Join a dining club 26. Bring your own bottle 27. Don't buy expensive bottled water 28. Remember your doggy bag 29. Be social Save money on transport 30. Cut the cost of your MOT 31. Buy flexi train tickets 32. Walk or cycle where you can 33. Get better-value breakdown cover 34. Make money from your parking space 35. Join a car-sharing scheme 36. Invest in a 'green' car 37. Find cheap car parts Savemoney on heating 38. Turn down the heat 39. Block up unused chimneys 40. Install insulation 41.Don't overuse extractor fans 42. Deal with draughts 43. Switch with Which? 44. Don't heat unused rooms 45. Get an energy audit Save on beauty and clothing 46.Recycle old clothes 47. Make your own face masks 48. Make do and mend 49.Buy longer lasting beauty products 50.Wash clothes at the right settings FAQs Videos

The interactive guide below contains 50 of our favourite money-saving ideas, including tips on how to reduce the cost of food, eating out, motoring and heating your home.

If that’s not enough, we’ve also suggested 45 ideas for generating extra cash.

Video: five easy ways to save money

In this short video, we round up five easy ways to save money that could help you pocket an extra £1,300 a year. Have a watch and see if they could work for you.

Fix your finances

There are few things more frustrating than needlessly giving away your money.

Yet most of us are guilty of doing this by failing to organise our finances. By spending a couple of hours fixing your finances, you could dramatically increase the amount of money you have left to spend on the fun things in life.

Here, we suggest ninequick financial fixes to help you make the most of your earnings.

1. Transfer your credit card debt

If you're making large interest payments on credit card debt, it might make financial sense to move it all onto a 0% balance-transfer credit card deal.

These credit cards won't charge any interest on transferred debts for a set period, giving you the opportunity to repay any money owed.

However, the interest tends to jump at the end of the promotional period, so make sure you pay off the balance in full before this happens.

2. Organise a free overdraft

Most banks had to alter their overdraft fees when regulations changed in 2020.

While you won’t be penalised for going into an unarranged overdraft, you’ll now see charges of up to 39.9% EAR (effective annual rate) for going overdrawn.

Luckily, there are bank accounts that offer free authorised overdrafts up to a certain amount. Which? Recommended Provider First Direct could be a good bet – it currently offers a £250 interest-free overdraft as part of its 1st Account.

Find out more:best bank accounts for authorised overdrafts– compare borrowing options

3. Reduce your tax bill

You can keep hold of a bigger chunk of your earnings by claiming all the tax reliefs you're entitled to.

Reliefs such as the marriage allowance, rent-a-room relief and potentially exempt transfers (PETs), can all save you heaps of money, yet relatively few people are aware of them.

Find out more:35ways to save on tax–this guide covers the obscure tax reliefs you need to know about

4. Use price comparison websites

Price comparison websites let you compare hundreds of financial products and ensure you choose the best one for your circumstances.

Whether you're looking to buy car insurance, credit cards or a broadband bundle, there is normally a huge difference between the cheapest and most expensive providers, so it's worth browsing for the best offers on these websites.

5. Sign up for loyalty cards

A whole host of retailers, restaurants and supermarkets reward customers by allowing them to build points every time they make a purchase. These points can be converted into money-off vouchers.

Many cards also offer one-off deals or discountsto tempt you into signing up in the first place.

Find out more:loyalty cards– we review some of the UK's most commonly used loyalty schemes

6. Cancel unnecessary direct debits

If you don't regularly read your bank statement, it can be easy to miss direct debits you'veforgotten to cancel.

A quick browse of your monthly statement can help prevent any unnecessary payments lasting for months or even years.

(Video) 50 Ways to Save Money and Fight Inflation

Get into the habit of logging into your online bank account once a month and making sure you're not shelling out for services you no longer need or use.

Find out more:how to cancel a direct debit or standing order– a step-by-step guide

7. Get a better mobile phone deal

There are thousands of mobile phone deals soit can be difficult to find the right one for you and providers can often be unhelpful when it comes to offering existing customers a better deal.

Take a couple of minutes to check your bills to make sure your call, text and mobile web use aren't consistently above, or a long way below, your allowance. If they are, you may benefit from asking for a more suitable deal that matches your use from your provider.

Find out more:how to get the best mobile phone deal– would you be better off on contract or pay-as-you-go?

8. Use budgeting apps

The days of a pen-and-paper budgeting book are long gone thanks to the large number of mobile phone apps that’ll help you fix your finances.

Using open banking, many of these will let you add accounts from multiple banks so you can keep track of the bigger picture.

Find out more: open banking budgeting apps

9. Share your subscriptions

In this world of never-ending entertainment, it’s likely you have several subscriptions to streaming services.

You may be able to save on these by taking out what most of them call ‘family plans’, allowing you to share accounts with people living in your household. Spotify, for example, offers six accounts for £16.99 under the Premium Family plan.

Find out more: best music streaming services

50 ways to save money (1)

Save money on food

Doing a shop that will keep everyone in your household satisfied can be expensive, but there are loads of ways to save money on food and drink.

Here are our tips that could save you a fortune over the course of a year.

10. Don't dismiss supermarket own brands

Buying supermarket basic and budget ranges can produce significant savings – and you may find that avoiding big brands doesn't mean compromising on taste.

We regularly put big brands, such as Heinz and Kellogg's, up against supermarket own brands in our Which? taste tests, with surprising results. We recently found own-brand crisps, mayonnaise and oven chips tasted better than the big-name alternatives.

11. Get rewarded for your spending

When shopping for treats, choose retailers that offer good reward schemes.

John Lewis and Waitrose typically perform very well in Which? satisfaction surveys, and offer a credit card reward scheme for customers that gives 1.25 points for each £1 spent at John Lewis or Waitrose, but youhave to spend £4 at other retailers to earn a point.

Find out more:top reward credit cards–find a great deal

12. Try cheaper cuts of meat

Choosing a cheaper cut of meat, such as braising steak rather than fillet, doesn't mean missing out on a tasty meal. A slow cooker can gradually break down the fibres in cheaper meat, giving great taste at a lower cost. The best slow cookers are easy to set up, use and clean.

Find out more:slow cookers– find out which slow cookers are rated as Best Buys

13. Make your own

Many people drink smoothies as a healthy shortcut to their five-a-day portions of fruit and vegetables, but there's nothing healthy about the price of these drinks.

Buying a smoothie maker or jug blender and blending your own could save you a significant sum if you're a regular smoothie drinker.

Find out more:jug blender reviews–find out which models our Which? experts rated highest

50 ways to save money (2)

14. Buy in bulk

Buying in bulk is a simple way to save.

If you own or manage your own business, it's worth signing up with a wholesale retailer or membership club such as Costco, which haswarehouses across the UK.

There is an annual membership fee of £15 for online shopping, or £26.40 for business customers to shop in person.

Other wholesale retailers to consider include Makro and Bestway.

(Video) 50 WAYS TO SAVE MONEY

15. Use price-match promises

Tesco and Asda offer discounts to customers if their shopping could have been bought cheaper from certain rivals, so make a habit of swiping your loyalty card or registering your receipt online after every supermarket shop.

Find out more: best and worst supermarkets – discover how thousands of customers have rated the big names

16. Get into using vouchers

Shoppers can save huge amounts by actively searching for vouchers and discount deals. There are a number of very good discount deals and extreme couponing blogs which post dozens of offers on their social media pages every day.

17. Don't be duped by discounts

Special discounts, such as buy-one-get-one-free deals, can offer good value, but be careful. Only buy items you actually need and are likely to keep and use – toiletries such as toothpaste and shampooare a good example, as are toilet rolls.

Find out more: where to buy cheap toiletries

18. Check the 'reduced' aisle

As long as you know you’re going to use them before they go off, you can make big savings by buying discounted products that are near the end of their life cycle. You’ll usually find these in a special aisle with a yellow sticker on them and sometimes sprinkled throughout the supermarket shelves.

Find out more: the best time to shop to land discounts –our statisticians crunched over a million prices to uncover just how much, and how often, prices change.

19. Don't shop on an empty stomach

Several readers have told us shopping while hungry leads to overspending. Try shopping after a meal or a quick snack to avoid this.

Find out more: tried-and-tested money-saving tips from real savers

20. Keep food fresher for longer

Make the most of your fridge and freezer. Freezing leftovers instead of binning them will save you money and time, as you've got an instant meal for a day when you don't fancy cooking. And storing food properly in your fridge will give it a longer shelf-life.

For example, cucumbers turn soft because the fridge is too cold, so wrap them in a tea towel to keep them crisper. And avoid putting milk in the door rack, as it's warmed whenever the door is opened.

Find out more:fridge reviews–see which fridges were rated as Which? Best Buys

Save money when eating out

Eating out is a luxury most of us enjoy from time to time, although it can sometimes prove expensive.

Here are ninesimple tips that could slash the cost of a restaurant meal.

21. Order takeaway direct from a restaurant

If you’re having a fine dining experience at home, it’s often cheaper to order food directly from a restaurant, rather than through an app delivery service such asDeliveroo or Just Eat, according to our research.

We found one meal that cost £11.62 more from an app than it did from the restaurant.

Find out more: the hidden costs of the food delivery revolution

50 ways to save money (3)

22. Click-and-print restaurant vouchers

Many restaurants offer online promotional vouchers. For example, Pizza Express regularly runs two-for-onedeals on main courses.

Check newspapers for vouchers regularly and make sure you visit websites, such as VoucherCodes, HotUKDeals and MyVoucherCodes, to check for discounts and deals before you go out.

It can be worth checking daily dealwebsites, such as Groupon and Wowcher, for restaurant deals too.

23. Book your night out online

Websites such as Opentable, Lastminute and 5pm specialise in two-for-onedeals, 50% off offers and promotions where wine might be included with your meal. You can search for the dealscurrently available in your area, then book a table at your chosen restaurant.

When you arrive at your dinner destination, you'll simply need to remind your server that you booked through a special deal online.

24. Sign up for chain restaurant discounts

Joining some chain restaurants' own clubs can save you a lot of money. These tend to be free to sign up to via email, and are run by large chains such as Gourmet Burger Kitchen, La Tasca, Pizza Express and Wagamama.

Once you're on a company's mailing list, you'll get details of special deals sent straight to your inbox as soon as they are launched.

25. Join a dining club

Become a member of a loyalty scheme and save up to 50% at participating restaurants.

Tastecard offers a free 60-day trial and costs £19.99 for six months or £34.99 for a yearafter that.The Gourmet Society also offers a 60-day free trial and renews at £6.99 a month thereafter. Both can be used at more than 6,000 restaurants.

26. Bring your own bottle

There's a raft of restaurants around the country that allow you to bring your own bottle (BYOB) to have with your meal, and going to one could save you a tidy sum.

A typical bottle of house wine costs around £15, whereas you could pick up an equivalent one from a supermarket for around £5.

(Video) 50 Tips On Saving Money Audiobook (Self Help) - Full Length

See the online BYOB directory on the Wine-pages website for a list of BYOB restaurants. Some charge a corkage fee of around £2, so check before you go.

27. Don't buy expensive bottled water

Establishments that serve alcohol are now required by law to give customers free tap water, so don't be shy about asking for it. Some restaurants charge more than £3.50 for a bottle of mineral water, so twice-monthly diners could save almost £100 a year by switching to tap.

28. Remember your doggy bag

There should be no stigma attached to taking home leftover food. You paid for it, so why waste it? People commonly over order in restaurants, so it makes sense to ask for a doggy bag and take your leftovers home. This will save you money on lunch the following day.

29. Be social

If you regularly eat at a particular chain or have a favourite restaurant, sign up to its Facebook or Twitter account. That way, you won't miss out on any special offers or deals.

Save money on transport

The cost of running a car seems to keep rising – as do prices for train tickets – but there are a few ways to put the brakes on your spending.

Follow our seven tips to help you save hundreds of pounds on your travel costs.

30. Cut the cost of your MOT

There's a maximum test fee of £54.85 set by the government for car MOTs, but service centres often run half-price deals. Check what's on offer in your area before you book.

Some garages try to attract customers by offering reduced prices. To avoid the cowboys, choose a garage through a personal recommendation.

Find out more:Which? Trusted Traders– find reputable garages recommended by Which?

31. Buy flexi train tickets

Do you commute to the office for only part of the week? If you do, National Rail’s new flexi season ticket initiative could help you save.

Find out more: flexible train tickets on sale now – how much could you save?

32. Walk or cycle where you can

Walking or cycling, where possible, can save you money on fuel or public transport tickets. And it’s better for your health.

Find out more: how to buy the best bike

50 ways to save money (4)

33. Get better-value breakdown cover

Join a breakdown service to help you cut costs if your car packs up. Our car breakdown cover survey rates providers onspeed of arrival, customer satisfaction and value for money.

Find out more:breakdown services survey– we name our Which? Recommended Providers

34. Make money from your parking space

There are plenty of websites that allow you to rent out your empty driveway or garage to motorists needing a place to park.

You normally pay a one-off registration fee to have your space advertised; the cost of renting a space is up to the space owner.

35. Join a car-sharing scheme

Joining a car-sharing scheme could halve your fuel costs. According to liftshare.com, sharing a daily commute can save you more than £1,000 a year.

36. Invest in a 'green' car

Cars with the lowest CO2 emissions are exempt from car tax charges, while the worst gas guzzlers could incur annual fees of hundreds of pounds.

Those buying a new petrol, dieselor hybrid car will likely have to pay more car tax. But those investing in electric cars are now exempt.

Find out more:car tax explained– our all-inclusive guide

37. Find cheap car parts

For discount car parts, tryAutoTrader's used car parts finder.

You can search a database of more than 450,000 quality used car parts from nationally recognised salvage experts.

Savemoney on heating

Energy prices have been rising for some time, but there are plenty of actions you can take to keep your bills under control.

Here are ninetips that could help cut the cost of keeping your home warm.

38. Turn down the heat

If you are walking around indoors in a T-shirt in winter, you are burning cash. A simple but effective way to cut heating costs is to take control of your central heating thermostat.

Adjusting your central heating timer to switch off at night and during the day if the house is empty will also minimise fuel consumption.

Find out more:home heating systems– the most efficient ways to heat your home

(Video) 50 MORE Ways to Save Money and Fight Inflation

39. Block up unused chimneys

A working fireplace looks great, but when it's not in use it can feel as if you're heating a room with an open window.

When the fire's out, keep the damper closed or buy a chimney balloon for around £20, which can be inflated in the opening above the fire to reduce draughts.

Find out more:wood-burning stoves– find out which stoves are worth your money

40. Install insulation

Up to a third of heat disappears through the roof, so it makes sense to add insulation. Installing loft insulation if you don’t have it already could save you up to £215 per year in energy bills depending on your home.

Find out more:how to buy loft insulation–see our expert guide

41.Don't overuse extractor fans

Extractor fans in bathrooms and kitchens burn energy if they are left on longer than necessary, so adjust the timer or switch them off manually to save energy. Some ventilation units have heat-recovery systems to reduce energy loss further.

Find out more:creating a safer bathroom- a list of useful additions for your bathroom

42. Deal with draughts

Tackle draughts by filling any gaps around window frames, door frames and pipework that passes through external walls. This can be done using draught excluder strips or expanding foam fillers. Loft hatches should also be insulated, as should the edges of the loft opening.

43. Switch with Which?

You can cut your heating bills by switching energy suppliers.

In April 2021, the cheapest deal on the market was £974 a year for a medium user. This is a £264saving on the current price cap.

In October,the price cap is being increased on some deals by £139, which means you could see your bill jump if you are on your supplier's standard tariff.

Find out more:Which? Switch–compare gas and electricity prices

44. Don't heat unused rooms

If you have a spare bedroom that is rarely used, turn its radiator down to the lowest setting without turning it off completely. Fitting reflective foil behind radiators on external walls will also helpreduce the rate of heat loss in these rooms.

45. Get an energy audit

Getting expert advice to help you save money needn't be hard work. You can carry out a free, online home-energy check on the Energy Saving Trust website,energysavingtrust.org.uk.

Save on beauty and clothing

Clothes and beauty products can be pricey. Here are five tips on how to save.

46.Recycle old clothes

If you have some old threads gathering dust in your wardrobe, you could hand them into a fashion retailer for a future discount.

H&M will give you £5 off your next shop (if you spend £25 or more) for dropping off a bag of old clothes from any retailer.

Oxfam will give you a £5 M&S voucher (off a £35 spend on clothing, home and beauty in M&S stores), if you donate at least one item of M&S labelled clothing.

50 ways to save money (5)

47. Make your own face masks

There might be an abundance of face coverings on the market now, but making one yourself can still yield good results.

Our step-by-step guide will teach you how to do it.

Find out more: how to make your own face covering

48. Make do and mend

While you’re in a crafty mood, why not fix up old, broken clothes instead of buying new ones?

You can buy needles, thread and spare buttons for a fraction of the price of a new shirt. Many garments come with spare buttons anyway, so you may as well put them to good use.

49.Buy longer lasting beauty products

Your money will go further if you buy products that last longer. That’s why you should try our Editor’s Choice lipsticks, which our rigorous testing has proven have more staying power.

Find out more: which lipstick lasts longest?

50.Wash clothes at the right settings

We all know washing clothes at a lower temperature is good for the planet, but it’s also good for our wallets.

Washing at 20°Cinstead of 40°C could save you 62% on running costs.

Our myth-busting guide to cleaning clothes in a washing machine clears up all questions you might have about different temperature settings.

(Video) 50 ways to save MONEY & the PLANET (zero waste on a budget)

You might not even be washing your clothes at the right temperature already, so it’s worth checking labels carefully to find out if you could turn down the dial and save money without making any sacrifices. Find out how to read washing machine symbols so you can check for yourself.

  • Have you successfully used our tips to help save or make money? We'd love to hear from you. Get in touch at money-letters@which.co.uk.

FAQs

What are 10 ways to save money? ›

Use these money-saving tips to generate ideas about the best ways to save money in your day-to-day life.
  1. Eliminate Your Debt. ...
  2. Set Savings Goals. ...
  3. Pay Yourself First. ...
  4. Stop Smoking. ...
  5. Take a "Staycation" ...
  6. Spend to Save. ...
  7. Utility Savings. ...
  8. Pack Your Lunch.

How can I save money daily? ›

Pay your credit card bill in full at the end of every month. This habit will keep you from paying interest that can quickly run into thousands of rupees. Buy groceries in bulk, and at wholesale rates. Plan your meals every weekly so you buy only what is necessary and there is no wastage.

How can I save a lot of money? ›

How to save money fast: 17 tips to grow your savings
  1. Learn to budget and understand your finances. ...
  2. Get out of debt. ...
  3. Create a designated savings account. ...
  4. Automate your savings. ...
  5. Automate your bills. ...
  6. Put a spending limit on your card. ...
  7. Use the envelope budgeting system. ...
  8. Cut back on rent.
12 Aug 2022

How can I save money monthly? ›

Tips on how to save money each month
  1. Start paying off your debt. ...
  2. Save money on your utility bills. ...
  3. Save money when grocery shopping. ...
  4. Reduce your phone bill. ...
  5. Cancel any unused subscriptions. ...
  6. Buy secondhand. ...
  7. Avoid an all-or-nothing mentality.
12 Aug 2022

How can I save money at home? ›

Save energy and money on bills

Always make sure the washing machine and dish washer are full before using them. Use lower heat settings on these appliances and on your heating thermostat. Only boil as much water in the kettle as you need each time and don't use larger pots on the hob than required.

How do you spend money wisely? ›

Even if it takes time and effort, it is worthwhile.
  1. Track your spending. ...
  2. Come up with a realistic budget. ...
  3. Create an emergency fund. ...
  4. Pay your bills on time. ...
  5. Get rid of unnecessary recurring charges. ...
  6. Pay cash for expensive things (most of them) ...
  7. Use credit cards wisely. ...
  8. Diversify your savings.
23 Aug 2022

How can I use money wisely? ›

6 Steps to Manage Your Money Wisely
  1. 1 – Lower your monthly expenses. ...
  2. 2 – Pay off your debt. ...
  3. 3 – Create and utilize a budget plan. ...
  4. 4 – Create an emergency fund. ...
  5. 5 – Lower your credit card usage. ...
  6. 6 – Contribute to your retirement savings.

Where should I save my money? ›

  • Savings Accounts.
  • High-Yield Savings Accounts.
  • Certificates of Deposit (CDs)
  • Money Market Funds.
  • Money Market Deposit Accounts.
  • Treasury Bills and Notes.
  • Bonds.

What are the 7 most important reasons to save money? ›

Reasons Why You Should Save Money
  • Financial independence.
  • Living debt-free.
  • Unforeseen expenses.
  • Buying a home.
  • Buying a car or other big-ticket purchase.
  • Medical emergencies.
  • Planning your retirement.
  • Building a college fund for your children.

What are 4 benefits of saving? ›

First and foremost, saving money is important because it helps protect you in the event of a financial emergency. Additionally, saving money can help you pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom.

What are the important of saving? ›

Saving money gives you a way out of the uncertainties of life and provides you with an opportunity to enjoy a quality life. Putting aside a sum of money in a systematic manner can help you steer out of many hurdles and obstacles in life.

What are life savings? ›

life savings pl (plural only) A large sum of money one has saved over a considerable number of years. She spent her life savings on a new car.

How do you grow your money? ›

We have come up with 8 of the best ways one can grow his money to its full potential.
  1. Say No to Debt. ...
  2. Be Consistent in your Investment. ...
  3. Don't Put All Your Eggs in One Basket. ...
  4. Switch Investments as Your Priority Changes. ...
  5. Start Early. ...
  6. Invest Smartly. ...
  7. Put Your Fear Aside. ...
  8. Get Expert Advice How to Grow Your Money.

What should I save for? ›

  • Emergency fund. Nearly a quarter of savers who take the America Saves pledge chose “emergency savings” as their first wealth-building goal.
  • Large Purchase. ...
  • Car. ...
  • Vacation. ...
  • Retirement.
  • Debt Repayment. ...
  • Education. ...
  • Homeownership.

How can I save money on a low income? ›

Financial programs to help people on low incomes
  1. Boost your superannuation contributions. ...
  2. Savings plans. ...
  3. Loans for essentials. ...
  4. Cheaper insurance. ...
  5. Automate your regular bill payments. ...
  6. Pay large bills in smaller instalments. ...
  7. Track your spending. ...
  8. Look for ways to reduce spending.

Why is it important to save money for the future essay? ›

Saving money is important because it allows you to build wealth . Wealth, in turn, helps you make more money. Saving provides a cushion for emergencies that come up with regularity. And finally, saving money is one of the factors that determines how wealthy you are or will become.

How can a teenager save money fast? ›

Top 10 money-saving tips for teenagers
  1. Open the right bank account. ...
  2. Set a savings goal with the 52-week challenge. ...
  3. Practice the 30-day rule to prevent impulse purchases. ...
  4. Hide your debit card and pay with cash. ...
  5. Make a cash-match pact with your parents. ...
  6. Embrace student discounts (they add up fast) ...
  7. Pay yourself first.
6 May 2022

How can I save $1000 fast? ›

Here are just a few more ideas:
  1. Make a weekly menu, and shop for groceries with a list and coupons.
  2. Buy in bulk.
  3. Use generic products.
  4. Avoid paying ATM fees. ...
  5. Pay off your credit cards each month to avoid interest charges.
  6. Pay with cash. ...
  7. Check out movies and books at the library.
  8. Find a carpool buddy to save on gas.

How can I save money monthly? ›

Tips on how to save money each month
  1. Start paying off your debt. ...
  2. Save money on your utility bills. ...
  3. Save money when grocery shopping. ...
  4. Reduce your phone bill. ...
  5. Cancel any unused subscriptions. ...
  6. Buy secondhand. ...
  7. Avoid an all-or-nothing mentality.
12 Aug 2022

How can I save money if I don't have a lot? ›

Tips to save money on a low income
  1. Save what you can. Saving as a practice is not dependent on how much you earn. ...
  2. Save first. Save first, spend later. ...
  3. Open a savings account. ...
  4. Start a budget. ...
  5. Settle debt. ...
  6. Lower housing expenses. ...
  7. Lower car expenses. ...
  8. Spend less on food.

What is the 30 day rule? ›

With the 30 day savings rule, you defer all non-essential purchases and impulse buys for 30 days. Instead of spending your money on something you might not need, you're going to take 30 days to think about it. At the end of this 30 day period, if you still want to make that purchase, feel free to go for it.

How can I save 10k in 3 months? ›

Seven steps to save $10,000 in three months
  1. Evaluate your current financial situation. ...
  2. Get your debt under control. ...
  3. Set a realistic goal. ...
  4. Try fasting from unnecessary spending for 30 days. ...
  5. Get creative with your living situation. ...
  6. Make extra money with a side hustle or freelance gig. ...
  7. Invest in yourself.

Why is saving so hard? ›

Often we get into a cycle of debt that makes saving even more difficult. You're paying off debt instead of saving. So when an expense comes up, you have to take on more debt to cover that expense because you don't have the savings for it. Taking on more debt means more payments, and so this cycle repeats itself.

How can I save 500 in a month? ›

  1. Use A Cash Back Reward Credit Card For All Spending. ...
  2. Use Spending Tricks To Boost Savings. ...
  3. Use Online Saving Tricks For Stuff You Already Do. ...
  4. Get Rebates For All Online Shopping. ...
  5. Drop The Gym Membership. ...
  6. Get Organized. ...
  7. Buy Used And Sell Used. ...
  8. Compare Prices On Everything.
12 Oct 2022

How do you spend money wisely? ›

Even if it takes time and effort, it is worthwhile.
  1. Track your spending. ...
  2. Come up with a realistic budget. ...
  3. Create an emergency fund. ...
  4. Pay your bills on time. ...
  5. Get rid of unnecessary recurring charges. ...
  6. Pay cash for expensive things (most of them) ...
  7. Use credit cards wisely. ...
  8. Diversify your savings.
23 Aug 2022

How do I spend less money? ›

22 Practical Ways to Save Money
  1. Say goodbye to debt. ...
  2. Cut down on your grocery budget. ...
  3. Cancel automatic subscriptions and memberships. ...
  4. Buy generic. ...
  5. Cut ties with cable. ...
  6. Save money automatically. ...
  7. Spend extra or unexpected income wisely. ...
  8. Reduce energy costs.
14 Jul 2022

How do you grow your money? ›

We have come up with 8 of the best ways one can grow his money to its full potential.
  1. Say No to Debt. ...
  2. Be Consistent in your Investment. ...
  3. Don't Put All Your Eggs in One Basket. ...
  4. Switch Investments as Your Priority Changes. ...
  5. Start Early. ...
  6. Invest Smartly. ...
  7. Put Your Fear Aside. ...
  8. Get Expert Advice How to Grow Your Money.

How should a beginner budget? ›

Follow the steps below as you set up your own, personalized budget:
  1. Make a list of your values. Write down what matters to you and then put your values in order.
  2. Set your goals.
  3. Determine your income. ...
  4. Determine your expenses. ...
  5. Create your budget. ...
  6. Pay yourself first! ...
  7. Be careful with credit cards. ...
  8. Check back periodically.

How do you know if your still in love with your ex? ›

Not Ready For Closure: 23 Signs You're Still In Love With Your Ex
  • You still want your ex in your life. ...
  • You think you'll one day be together. ...
  • Movies remind you of your ex. ...
  • You're jealous of couples. ...
  • You compare everyone to your ex. ...
  • Your ex is dating someone new, and you're stilling hung up on him or her.
17 Nov 2015

What's the 50 30 20 budget rule? ›

The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.

What is a wash sale rule? ›

Q: How does the wash sale rule work? If you want to sell a security at a loss and buy the same or a substantially identical security within 30 calendar days before or after the sale, you won't be able to take a loss for that security on your current-year tax return.

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