How to save money like crazy?

Photo of author

By Nick

Quick Peek:

Looking to save money and achieve financial freedom? Check out these 50 money-saving hacks! Start by believing in yourself and your ability to save. Identify your needs versus wants, budget your money, and set SMART goals. Automate your savings, prioritize paying off debt, and avoid temptation. Use coupons and promo codes, buy generic brands, and cut back on dining out. Cancel unused subscriptions, use cashback credit cards, and buy used items. Take advantage of freebies, reduce energy consumption, and use public transportation. With these tips, you’ll be on your way to saving more money in no time!

50 Money Hacks to Save More Money

Saving money can be challenging, but it’s an essential step towards financial freedom. Whether you’re trying to pay off debt, build an emergency fund, or save for a big purchase, these 50 money hacks will help you save more money.

Believe You Can Save Money

Your mindset plays a crucial role in your ability to save money. If you believe that you can’t save money, you’re less likely to try. Start by changing your money beliefs and telling yourself that you can save money.

Identify Needs vs Wants

One of the biggest challenges when it comes to saving money is distinguishing between needs and wants. Needs are essential for survival, while wants are things you desire but can live without. Before you spend money, ask yourself if it’s a need or a want.

Budget Your Money

Creating a budget is an effective way to track your expenses and ensure that you’re not overspending. Start by listing all your income sources and expenses, then allocate your money towards your needs and wants.

READ  How much money is normal per month?

Set SMART Money Goals

Setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals will help you stay focused and motivated. Whether it’s saving $500 a month or paying off a credit card, make sure your goals are realistic and achievable.

Make Saving Automatic

Automating your savings is an easy way to save money without even thinking about it. Set up automatic transfers from your checking account to your savings account or use apps that round up your purchases and invest the spare change.

Prioritize Paying Off Debt

Debt can be a significant obstacle to saving money, so it’s essential to prioritize paying it off. Start by paying off high-interest debt first, then work your way down to lower interest debt.

Avoid Money Temptation

Avoiding money temptation is key to saving money. If you’re trying to save money, avoid going to places where you’re likely to spend money, like malls or restaurants.

Practice The 30-Day Rule

Before making a purchase, wait 30 days to see if you still want or need it. This rule will help you avoid impulse buying and give you time to think about whether the purchase is necessary.

Use Coupons and Promo Codes

Using coupons and promo codes can save you money on everything from groceries to clothing. Before making a purchase, check if there are any available coupons or promo codes.

Shop Around for the Best Deals

Shopping around for the best deals can save you a significant amount of money. Before making a purchase, compare prices from different retailers and choose the one that offers the best value.

READ  Is it really worth it to save money?

Buy Generic Brands

Buying generic brands can save you money without sacrificing quality. Generic brands are often just as good as name brands, but they cost less.

Cut Back on Dining Out

Dining out can be expensive, so cutting back on it can save you a lot of money. Instead of eating out, try cooking at home or packing your lunch for work.

Cancel Unused Subscriptions

Unused subscriptions can add up over time, so it’s essential to cancel any that you’re not using. Review your subscriptions regularly and cancel any that you no longer need.

Use Cashback Credit Cards

Using cashback credit cards can earn you money back on your purchases. Just make sure to pay off your balance in full every month to avoid interest charges.

Buy Used Items

Buying used items can save you money on everything from furniture to clothing. Check out thrift stores, garage sales, and online marketplaces for deals on used items.

Take Advantage of Freebies

Taking advantage of freebies can save you money on everything from entertainment to food. Look for free events in your area or sign up for free samples and trials.

Reduce Energy Consumption

Reducing your energy consumption can save you money on your utility bills. Try turning off lights when you leave a room, using energy-efficient light bulbs, and adjusting your thermostat.

Use Public Transportation

Using public transportation can save you money on gas and car maintenance. If you live in an area with good public transportation, consider using it instead of driving.

READ  What is the 10X money rule?


Saving money doesn’t have to be difficult. By following these 50 money hacks, you can save more money and achieve your financial goals. Remember to believe in yourself, distinguish between needs and wants, budget your money, set SMART goals, and automate your savings. By prioritizing paying off debt, avoiding money temptation, and practicing the 30-day rule, you can avoid overspending and make the most of your money.

A video on this subject that might interest you:

#savemoney #budgetingtips #frugalliving #financialplanning #moneysavingtips