Reaching a savings goal goes by much faster when you try saving money on everyday expenses. No matter what you’re saving for, setting aside extra money every month is hard without a set plan. To start, take a look at your last bank statement and make a list of all of your monthly expenses. What’s costing you the most? While expenses like your mortgage or rent are difficult to cut down, there might be ways to save on others.
Use our money budgeting tips to learn how to save money fast so you can reach your savings goal!
Cancel Unnecessary Subscriptions
One of the first ways to start saving money on everyday expenses in your life is by canceling unnecessary subscriptions (or downgrading them to cheaper plans). Ask yourself if your monthly subscription for a new pair of underwear is worth it or if you really need Disney+ in your life. If you don’t need a brand new pair of underwear every month or rarely watch Disney+, cancel that subscription!
Work Out at Home
Even if you belong to an inexpensive gym that only costs $10 per month, that’s still $120 per year that could be back in your wallet. Working out at home is free if you’re creative enough. You would be surprised how many free workouts are online and how many free fitness apps can help you train. Look into Nike Training Club, Ladder, Crossfit: Beyond the Whiteboard and Freeletics to begin with. You don’t even need to purchase weights – everyday items around your house can stand-in.
Working out at home will save you the cost of a gym membership, as well as gas and any post-workout drinks or snacks you typically splurge on.
Cancel Cable and Home Phone
Canceling cable and your home phone can save you lots of money every month. It costs significantly less to pay for the internet and a few streaming services to watch the same programs. Here’s a related money budgeting tip: If you have any friends or family members living with you, split the cost of streaming services to save even more.
Shop Around for Internet
While you’re in the process of canceling your cable and home phone, it might be a good idea to look for a new internet provider as well – or at least tell your current provider you’re doing that. Often, when you tell an internet company that you’re leaving for their competitor, they will offer you a discount to stick around. You can then use this quote when you’re on the phone with your provider. They would rather save a customer by giving you a discount than lose you altogether.
Explore Other Cell Phone Carriers
You should also look at other cell phone carriers. Making the switch to a different carrier can save you money; you might even get a free or heavily discounted phone out of it. If you have a cell phone carrier in your area that also offers home internet, you might be able to score a bundle deal. Shopping around at different companies is one of the easiest tips for saving money on everyday expenses!
Sign Up for Reward Programs
Do yourself a favor: Create a junk email address so you can subscribe to every reward program you find. Often these reward programs will send you exclusive coupons and deals that are only available to members. Pay attention to your inbox during your birthday month for freebies. In the meantime, search your inbox for emails from a particular company when you want to buy something from them. At the very least, all these emails will help you stick to saving money on everyday expenses.
Look for Coupons, Discounts and Sales
Before you go grocery shopping or make any retail purchase, do your research for coupons, sales and discounts. If you’re committed to learning how to save money on everyday things, looking for deals is essential. Browse coupons and sales at your local retailers or check out coupons.com and retailmenot.com to find sales, coupons and discounts. Also, check to see if the store you’re shopping at has an app with electronic coupons.
Use a Rewards Credit Card for All Purchases
You can earn a great deal by using a rewards credit card on all of your purchases. Rewards credit cards offer you a certain percentage of cash back, points, airline miles or some sort of return whenever you use them to make a purchase. Search for rewards credit cards that will offer you the most cash back for your purchases. Some credit cards offer a higher percentage back on certain categories like grocery stores and gas. Do your research and apply for a credit card that will give you the most cash back for your typical purchase, and remember to use it responsibly. To avoid paying interest and losing money in the process, pay off your credit card debt every month.
Most stores will price match if you can find a better deal at a different retailer. There are plenty of websites that make it easy to price compare any purchase you want to make. Whether you plan to shop online or in-store, price matching is an easy way of saving money on everyday expenses.
Shop Generic, Used or Refurbished
Instead of paying for fancy brand names or buying everything brand-new, consider purchasing a generic product next time. Often, generic products are almost identical to the brand name; they just don’t come with the hefty price tag. You can also learn how to save money by shopping around for used or refurbished items. If you need new toys, clothes, furniture or even electronics, there are many resources to help you buy these used or refurbished. Check out refurbished sections on electronic company websites, or browse thrift stores, consignment stores and apps like OfferUp, Facebook Marketplace and Craigslist. Buying used is also more environmentally friendly – so save the planet while you’re saving money.
Eat and Drink at Home
If you spend a fortune every month at restaurants, bars and coffee shops, just making the switch to eating and drinking at home will teach you how to save money fast. Instead of going out for drinks with friends, invite them over and make the cocktails yourself. You can buy a bottle of wine for the price of a glass you’d get at a bar or restaurant. It also costs significantly less to brew your own coffee and make your own meals – why not give it a shot and save even more money?
How to Save Money Fast: Take Online Surveys
If you’re looking for another way to save money fast on top of our money budgeting tips, getting paid to take online surveys is perfect. When you become a member of Branded Surveys, you can take market research surveys for big companies and get paid for your opinion. There’s no limit on how many surveys you can take or how much money you can make. We even offer additional opportunities to earn points fast by referring your friends, participating in weekly challenges and daily polls, or taking advantage of service offers from our partners.
Once you reach 1,000 points, you can redeem them for rewards like cash or free gift cards. Whether you want to use the cash and gift cards to help pay for your everyday expenses or put the cash directly into your savings account, taking online surveys is an easy way to earn money fast. You can take online surveys anywhere and anytime. They’re fun to complete and easy to do!
Sign up with Branded Surveys today to start earning and saving!