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Tricks for Saving Money

Category Saving Money
The whole point of being thrifty and frugal is to save money. Saving money in big chunks can be very difficult, but little things you do everyday can really add up over time. This is a guide about tricks for saving money.
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September 12, 2008

I just talked to a friend who was complaining that she has to come up with $1000 every October and she has nothing saved up. I asked her if she could save $19.25 on a weekly basis. She said she could, if she cut out her morning coffee and took her own to work, and if she also skipped eating lunch out one day a week. I told her if she did that each week for a year, she would have her $1000. Actually if she put it in the bank, she would have a little more with interest. So, tomorrow she is going to schedule $19.25 to come directly out of each paycheck and go to her Credit Union Account.

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This would be a great way to save for Christmas, property tax, propane bills, vacation or other recurring yearly expenses.

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September 12, 20080 found this helpful
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That's a good reminder that we all need, to save small amounts toward big bills. I do it on a monthly basis for bills that are due every 3 or 6 months like the newspaper, house insurance, etc. I divide the yearly totals of each by 12, and put that amount aside every month to save. When the bigger bills finally come, the money is there to transfer back to checking, and if there were a true emergency where we had to have the money, it would still be there.

Now if I could just make myself go make a list of all the household appliances that wear out every 10 years or so, and put THAT money aside. Can't afford to put that much aside in reality, but I can work on one or two. I've found that if the money is in my checking account, it's GONE, but if I don't have it there, I can do without a lot of 'wants' that I would otherwise have thought were 'needs'.

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9 found this helpful
May 5, 2014

Challenge Yourself to Save
Want to go on vacation? Want to have money to spend on Black Friday?

While watching the Disney Parade (Christmas 2013), mom and I saw the cruises they offer and I decided to do some research. I found a destination that mom and I would enjoy and was trying to figure a way for me (myself only) to save for this trip. Hard for me to save money with current bills. Mom and I plan to go on this trip in 2-3 years. I needed to save and save quickly.

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Last Christmas, as part of my Christmas gift, my mom gave me the Money Challenge. The challenge is: Week 1 save $1 and put it away, Week 2 save $2 and put it away, etc through Week 52, save $52. I looked and thought about this and realized that the higher the weeks were, the more that would be coming out of my paycheck (like October, November and December) and I wouldnt be able to do it those months. I did the math and it comes to $115 a month, if you took the total of doing it weekly ($1,378). Therefore, about $28.75 a week. Much more manageable for me. But since I get paid once a month, I just save $115.

Then I took it 4 steps further to save money.

  1. I LOVE movies and love buying the $5 movies at Walmart. I can easily over spend. I LOVE LOVE Black Friday sales at Walmart because their movies range $1-$10 on the movies. So, I figure if I don't buy a movie that week, I will save money during the year. So, I figure I would put $20 aside a month as well for save up for Black Friday. That way I won't feel bad for spending too much that way. When November comes, I will have saved $200 for Black Friday ($20 Jan-October). Then NEXT year, I will have $240 since I will start saving again in November of this year. No guilt now if I buy a ton of movies or other items.

  2. Each year I get a little raise at work. I figure, if I could live on what I made the previous year, I can live on it again the next year (or make myself live on it). So, each month, I take the difference from January 2013 salary and January 2014 salary and I put that difference away. It might be a small amount, but it will help majorly to save money. Since I am single and live with my parents, I can do this since I dont have many major bills to pay.

  3. I save a certain amount of money for gas since I travel a ways away to work. If I spend less than that amount, I take that money out the next month so I dont spend it. Even if its $5-$10 I didn't use, that is $5-$10 more for my vacation fund or for a big purchase I plan to make in the future.

  4. At the end of each month, after bills are paid and BEFORE I deposit my check from work, if there's money left I didn't spend that month, I take that out of my checking and start each month at ZERO and then I put my salary in.

I plan to keep up these plans for many years to come and will make adjustments to point #2 as prices go up. But I plan to stick to living off 2013 salary for as long as I can.

Also, don't blow your tax refund if you don't have to. I personally use tax refunds for car insurance, license sticker, etc. I spend a certain amount on myself and I save the rest.

I now go through life with the "Do I need it?" attitude and it helps tremendously! I don't even stop and buy $5 movies anymore because I know Black Friday will have a better choice range!

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April 11, 20150 found this helpful

In October I opened a Christmas account which I put any extra dime I get in there. I saved $250 to date and I get a check mailed to me in Sept. The 28th and my birthday is the 29th. I plan to save $100 next month and so on. I plan to take half to use and save back the other half.

I shop for as much I can at the new dollar tree that opened up. I shop at Walmart for most of my needs through swagbucks and that gets me all sorts of walmart gift cards. I am up now at 4 am doing them now.

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10 found this helpful
August 2, 2011

The weekly ad section of a Sunday newspaper.

My husband and I have never had a lot of money. Our whole married lives, we have had to watch and constantly be careful. We were married and started our family very young, and neither of us has a college education.

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6 found this helpful
September 5, 2011

I decided to write another post to help others out since my first post was a success. I want to share my opinion on stuff that works for me.

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8 found this helpful
September 16, 2012

Money Jar full of coins and a $20 bill.

With each task I perform during the course of a day, I think of ways that I can save. Small amounts saved each day add up to large savings at the end of the year.

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12 found this helpful
December 5, 2011

One instant budget breaker is impulse buying. Stores create displays that are so enticing it's hard to resist wandering over to them and buying something that is most definitely not on the shopping list. Spontaneous shopping is seldom a good choice.

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February 22, 2016

I encouraged a friend to start a savings account. She had no savings and had to charge emergencies when they came up. She said she did not have money to start a savings account with and could not afford to add to it if she did. I told her to save her pennies and put them in a clean empty plastic milk jug.

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6 found this helpful
March 26, 2010

I belong to a weekly creative writing class that costs $9 each week for the class. We are now on two weeks break from the class, so that is $18 that I save for that time.

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December 5, 20080 found this helpful

Saving Money in the New Year

Money saving tips and strategies for saving money in the new year from the ThriftyFun community. Feel free to post your ideas!

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October 6, 20062 found this helpful

Hungry Piggy Bank

"A penny saved is a penny earned," said Benjamin Franklin. However, what good is a penny saved if it's spent on something else? Think of it like this: if you purchase a pair of pants on sale for $6 off the ticket price, where does the $6 go?

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May 28, 2009

When I enter an amount taken from my checking account either by check or debit card I always enter the correct amount in the ledger but I round up the amount I deduct from the checking account.

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January 31, 2007

Sometimes it gets a little tight waiting for payday, so I go into the money stashes I have to ease things just a bit. The stashes include my piggy bank (I do have one), and other coin receptacles.

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February 16, 2012

When visiting a mall, there is one thing that makes me want to spend, spend, spend! That is the sight of another shopper with lots of lovely designer store bags in her arms.

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June 14, 20070 found this helpful

Reduce chaos in order to save money. Live like a natural disaster is coming. Make life simpler in order to de-clutter the mind and the living environment. Many people enjoy primitive camping and leave the luxuries of home.

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Kelly Ann Butterbaugh0 found this helpful
December 7, 2009

Using a credit card for online shopping.

Doing your homework can save a lot of money. Yes, studying hard in school could land you a job that drives home in a sports car, but it's an easier type of homework that saves money right now.

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Kelly Ann Butterbaugh0 found this helpful
May 12, 2009

Jar Full of Coins

The irony of saving is that it is more important now than ever, yet it's harder to save today than it was a few years ago. What's the method of savings some extra money without cutting back on the things that you love?

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April 25, 2012

The first thing I do now is look at the fliers for the week and plan my menu around the sales. I give myself one hour a week to do this. No need to make it complicated by spending hours at it. Also I have started a stock pile.

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June 29, 20041 found this helpful

Have everyone in the family put all their quarters, dimes, nickels, pennies into a "bank" on a regular basis. (daily, or weekly).

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June 11, 2008

I was reading an article about the retail business I thought I could pass around. If you are in the market for some of the "big ticket stuff", try this when you go shopping. I read where these businesses are so hard up for a sale, you can get at least 10% off a purchase.

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July 20, 20060 found this helpful

Saving Money at Kroegers on Gas Tip. You can save 10 cents per gallon on gas at Kroger fuel centers when you are a Kroger Plus shopper, apply in the store for a Kroger card. It's not a credit card! It is like a coupon card, there are absolutely no fees ...

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February 20, 20050 found this helpful

Right now we are living on one income as I am unemployed. We are a family of 5: me (41), hubby (38), son (16 no permit), daughter (14), and son (11). It isn't easy but we have made a strict budget and are sticking to it!

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0 found this helpful
May 29, 2009

Saving money is easy! Try some of these tips and you'll see how much difference it makes to the budget. I only shop now once a month and we go without nothing.

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0 found this helpful
February 15, 2009

Some time ago, we needed some cable to connect a computer to the router and it seemed quite expensive in the store. I checked online and finally bought some for about half what the stores wanted for name brand cable.

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July 8, 20040 found this helpful

When shopping, I get the total, write the clerk check and then offer the coupons. The cashier then gives me cashback after deducting the coupons which in turn goes to a saving account for special projects.

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January 8, 20050 found this helpful

Have everyone in the family join in. You must use "survival skills". Make due with what you have on hand. Be creative in being thrifty. You may want to start with two weeks and see how it goes. Make a game of it!

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Questions

Ask a QuestionHere are the questions asked by community members. Read on to see the answers provided by the ThriftyFun community or ask a new question.

August 11, 20050 found this helpful

Strategies to help people save money. Post your ideas.

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October 6, 20060 found this helpful

There are a couple of ways to look at this. You can either bank what your raise is (or even in addition to this idea). I have always been a very poor saver. (Right now I am disabled so haven't been able to do this and miss it terribly.) While I was working and single it was a struggle for me to ever have anything extra. I even worked for a bank! Well, I got paid every 2 weeks. I would always save at least $7 and some odd cents at least every paycheck...if I had a windfall or felt better off that paycheck I would deposit more to my special savings account that I had started. ( A brand new one.) I did this because I intended to never touch that account no matter how tight it got some weeks unless there was some dire emergency. Well, I lucked out and that dire emergency never happened...or even if things got a bit tight, I still left the account alone. The account was drawing the big 1% interest, lol. A couple of different times I needed small loans. So, I had my savings account secured as collateral and they did the loan for 2% over the savings account interest rate. One time I needed $700 for example, so my loan interest was like a big $10..so I repaid like $710. I thought that was great!! I was newly divorced and needed to build a credit rating anyway, and got my money by having a secured loan. Finally after 2 years I moved out of state....that nest egg that I had saved (over $1,500) became the down payment on the trailer we moved into!! When I get my social security disability approved you can bet I will go back to this methodology of saving. Also, I used to buy the 2 dollar bills when they came in the bank and they added up slowly...well over $1,300. It's had to be used for repairs, etc since my husband is the only one working. I also will start saving the 2 dollar bills again ASAP. Get you a nice hiding spot, like a locked sentry box, and put them in there. Good luck every one.

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December 4, 20040 found this helpful

Ideas for saving money on milk. Post your ideas!

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April 24, 20080 found this helpful

Before the price increase on gas and food, I did not really pay attention to the amount of food wasted on a daily basis in my household. Many families encourage their children to drink milk at dinner even when they do not like it. Simply do not serve the milk if it is not wanted, serve water or juice instead. Also, make the servings of milk smaller. I have used this method an no longer do I have half full glasses of milk on the table when dinner is over.

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June 19, 20090 found this helpful

How do you save money when you find things to buy?

By meggiedoodle from Thornton, CO

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June 25, 20090 found this helpful

FYI Walmart will honor most competitors sale ads if you bring them to the register! Saves on gas running to several stores!

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0 found this helpful
April 11, 2007

In a few weeks my fiance and I will be moving to Des Moines to start living in the "real world". He is graduating from college and I will be continuing my education in the area. Since this will obviously be our first time out on our own, I am in desperate need of some tips!

He will be getting an internship to help get his foot in the door, (it doesn't pay unless he does "extra stuff") and I will be going to school and working. Any tips on how to save money would be appreciated. Also, any insight to decorating or organizing an apartment will come in handy as well.

Thank you! :)
Amanda from IA

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April 14, 20070 found this helpful

AROUND THIS TIME OF YEAR ALL THE COLLEGES HAVE STUDENTS ABOUT TO GRADUATE AND THEY TEND TO THROW OUT TERRIFIC THINGS BECAUSE THEY DO NOT WANT TO PAY A MOVER TO SEND THE STUFF HOME. EACH SCHOOL USUALLY HAS A PLACE THAT YOU CAN PUT STUFF THAT IS UNWANTED. ALSO DO NOT BE AFRAID TO CRUISE KNOWN STUDENT AREAS FOR STUFF. THE THINGS PEOPLE THROW OUT FOR RUBBISH CAN BE FANTASTIC. ONE LAST THING. TELL EVERYONE THAT YOU NEED FURNITURE. WHEN I MOVED INTO MY APARTMENT I HAD NOTHING, BUT PEOPLE GAVE ME A QUEEN BED AND MATTRESS AND ALL MY FURNITURE WAS USED. CHECK YARD SALES AND RUMMAGE SALES.PLEASE DO NOT PUT UP A SHOWER CURATIN OR SHEETS FOR WINDOW CURTAINS. IT ALWAYS LOOKS EXACTLY WHAT IT IS, WHICH IS TACKY. I HAVE GOTTEN BEAUTIFUL TAB CURTAINS BRAND NEW, IN THE ORIGINAL PACKAGE FOR 25 CENTS A PAIR. BE OPEN AND EASY GOING AND YOU WILL GET BARGAINS GALORE AND HAVE THE MONEY THAT YOU WOULD HAVE SPENT TO TREAT YOUR HUSBAND AND YOURSELF EVERY ONCE IN AWHILE.

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April 20, 2010

I would like to know how do I go about saving money for the future?

By Machelle from GA

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April 25, 20100 found this helpful

Also save all the money that you had left over at the end of the month, that you had budgeted and didn't spend. Utilities and groceries are a great way to save this way. Sometimes they are quite a bit less than you budgeted for. I also save any money that I get from returns like Wal-Mart, if I don't replace them with something else. It really ads up quickly. Good luck.

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