Top 20 Tricks from People who are Good at Saving Money

If you’re trying to save money, then it’s likely you’ve searched all over the internet for tips and tricks to help you on your journey. We think thee best tips come from the people who have already reached their savings goals – people who are good at saving money. We’ve collected some of the most unorthodox and unique tips from around the web from people who really know what they are talking about.

There are tons of ways to save money, but these methods have been proven to work for real people just like you. Without a doubt, you’ll find a great money-saving technique that works for you in the following list.

  • Don’t buy wrapping paper. Instead, use old newspapers or magazines to wrap gifts. It’ll be unique, colorful, and you won’t have to spend a ton of money on something that will just get ripped up and thrown away.
  • Don’t buy things just because they are on sale. One woman says that she always asks herself if she was planning on buying an item before the sale. She only will purchase if the answer is yes.
  • Handmake your own rugs. An artsy way to create a rug for your home is to collect rug samples from different stores and connect them via duct tape underneath.
  • Try a day with zero spendings. Some people challenge themselves to go a couple of days a week where they don’t spend any money – no latte, no pack of gum, no little extras throughout the day. It leads to better spending habits on other days of the week too!
  • Save on printing. If you have to use a printer a lot, then you know the cost of a week adds up fast. A great way around this is to buy a continuous feed system which can be refilled for next to no cost.
  • Pay yourself. Right before you get paid again, move half of what is leftover from the previous week’s pay into your savings account. Even if it’s just a small amount each time, this is a great way to save money over a long period.
  • Grow your own vegetables. Throughout the summer, keep a few vegetable plants in pots in your back yard and save money on groceries once the vegetables are ripe. Most plants are fairly easy to care for!
  • Use Excel to make a budget. Sometimes writing out a budget and organizing it to your particular needs is a great way to encourage you to be more financially aware and save more money.
  • Find cheaper alternatives to luxury items – such as a frosted glass spray paint for $6 instead of window film which can cost up to $25 per window.
  • Stick to your grocery list! If you have to go out shopping, making a list first and then stick to the list. IF it isn’t written down, don’t buy it!
  • Don’t turn down your nose at cheaper products. Even though Ikea furniture is thought to be low-quality and cheap, what many people don’t know is that many of their items are backed by a 25-year warranty and if something breaks, they will replace it for no cost.
  • Eat a lot of potatoes. Potatoes are cheap and one of the most versatile vegetables to cook with.
  • Grow spices and herbs such as garlic yourself. A lot of these are expensive to buy at the store but are virtually free when grown yourself.
  • Use an envelope system. Buy a box of envelopes and label each one with your weekly or monthly expenses, such as food and bills. This is a great way to help you allocate your money so that you don’t overspend on things.
  • Make your own food and snacks instead of eating out. Another pricy item to purchase is granola, but you can save a ton by making it yourself easily.
  • Treat yourself at the end of the month. Instead of going on a shopping spree right when you get paid, wait until the end of your pay period. This way you can only spend what you have left, and you’ve already taken care of important bills.
  • Brew your coffee at home. Coffee at home can be just as good as Starbucks coffee. Even better, drinking coffee from home can save you over $30 a week!
  • If you eat out a lot, try cooking your meals at home instead. A lot of people fall into the trap of eating out for lunch during the workweek, especially if they go out with co-workers who do the same. But you could save $50 or more a week if you started cooking yourself a simple lunch rather than eating out.
  • Use a chart to mark days on which you spend money on something like coffee, lunch, a drink, etc. Then you can look at your overall spending for a month and it really helps you get a perspective during the next month.
  • One of the costliest habits and one of the hardest to break, is smoking. Most people spend thousands of dollars a year on their habit and they don’t even realize it. Just smoking pack of day, depending on where you live, could cost anywhere from $150 – $300 a month!

Have you tried any of these money-saving secrets? Do you have a money-saving secret of your own that you’d like to share?