How To Save More Money Every Month
Sometimes it’s hard to find extra money when it feels like you’re stretched too thin. Do you ever make it to the end of the month and wonder where all your money went? Believe me, I have been there. Shifting your financial mindset can be difficult, but small actions can lead up to big savings in the long run. Below are some ideas to save more money every month.
Make A Budget
This should be the most important way to save more money every month. It is imperative to understand how much money is coming in and about how much should be going out. Budgeting will free you from overdraft fees and low sum bank accounts. Once you have control over your money, you can crush your financial goals! This can include, paying off debt, building up an emergency fund, saving money for travel, or following your passions. If you don’t know where to begin with budgeting, check out these two posts:
I brag about Personal Capital all the time, and for good reason! I use it to track my net worth, and keep my finances in order. Personal Capital also has a nifty budgeting tool which can help your spending stay under control. Read my review about the tool that helped me pay off $23,000 in student loan debt, and quadruple my net worth! Or if you would like to sign up for a FREE Personal Capital account, click here.
Money Saving Apps
There are a ton of nifty money saving apps out there, but the one I’m trying out is Qapital. This app is all about micro savings. For example, every time you make a purchase, you can round that purchase up to the nearest dollar and the app will save that amount for you. This way, you’re stashing money away and you don’t even know it!
During the account set up, you choose your why, meaning what is the reason behind your saving? This can be concert tickets, a vacation, new iPad, etc. But when you have a purpose behind your savings, you feel more invested and happy about stashing money away.
This app also gives the options of making daily, weekly or monthly deposits. Or you can save a percentage of each paycheck. There are a bunch of other fun features. Click this link to get $5 for trying it out!
Pack Your Lunch
If I do not plan my meals beforehand, I will go wild and spend a ton of money on food that may be delicious, but not nutritious or cost effective. Are you a person who buys Chipotle every day? Why not make your favorite chipotle bowl/burrito at home and assemble at work? Find foods you will be excited to eat, not the same old PB&J (unless you’re into that!)
Before you make your run to the store, be sure to check your pantry and fridge. Try to make a plan for meals based off of what you see. This is the perfect way to use up fruits and veggies that may have gone bad, and keep more money in your wallet.
Get Money Back On Groceries
Want to get some money back when you buy the necessities? Check out Ibotta. This app lets you peruse items from A TON of grocery stores, drug stores, etc and you can get cash back for purchasing those items. All you have to do is take a picture of your receipt and you will be reimbursed by the Ibotta app! All of my local grocery stores participate. This is an excellent way to get additional savings on items you already planned on purchasing.
Shop In Season
Another easy way to save money every month is to shop in season. Packing your lunch or meal prepping for the week will save you a ton of money. You can push these savings further by shopping for produce that is in season. For example, May is a great time to buy artichokes and asparagus. Type “Veggies in season for October” or whatever month it is in your search bar, and build your menu around those items!
Shopping in season can also go for clothing. The end of summer is a great time to get killer deals on swimwear and beach accessories. Just like early spring is a great time to save on winter coats and warm items. I like to keep a list of things I need, so I can be on the lookout for quality items.
This is one of my favorite ways to save more money every month. Thrifting is fabulous option always. I consider myself lucky to live in one of the worst houses in one of the nicest neighborhoods in Seattle. This makes the thrift stores an absolute goldmine. On my last trip, I found a beautiful Crate and Barrel rolling pin, cooling racks, and every type of jar you could ever want. The $20 rolling pin was $2.75. I love the feeling of repurposing someone else’s items (after they have been heavily sanitized, of course). And I am creating zero waste! What a win.
I’ll admit I was a total baby about thrift shopping at first, but I have slowly come around. Give it a try and see what treasures you can find!
Smart Online Shopping
Like the rest of the world, I am sure you have at one time or another, participated in online shopping. The sheer convenience of it is magic. Want to know what else I find magical? Ebates. I’m sad to admit I’m really late to the party on this, but Ebates is an online platform that will give you money back on purchases you were already planning to make.
For example, if you’re out of your favorite mascara at Sephora, you can buy it through Ebates and get cash back! Or on items you were already going to purchase at Walmart. There are hundreds of stores affiliated with them where I shop frequently (as if I didn’t need more of a reason to shop at Target).
If you spend $25 or more, you will get $10 with this link. Check it out!
Driving a personal car around a big city can be such a pain and a total waste of money. Parking passes can cost at least a couple hundred dollars per month, and you also have to factor in gas and rush hour traffic.
How are the public transportation options in your area? Usually the transit websites can map out a route for you, telling you where to switch buses and even how much money you will need. Some employers will offer discounted bus passes or give their employees incentives to not drive! Is your commute close enough to walk or ride your bike? Do you live near any co-workers you would be interested in car pooling with? This can save a ton on gas depending on your commute!
This can be quite a hot button issue in many a household, but I promise it is an excellent way to save more money every month! Check out alternative services like Netflix, Hulu, and Sling TV. These even offer sports options for those who could not imagine missing a game. If completely cutting the cord is out of the question, can you downgrade your service at all to save a few bucks? What about calling the cable company and asking for any discounts? Every little bit helps!
What are your go to ways to save more money every month? Let me know in the comments below!
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