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100+ Effective Tips for Saving Money

Banking, Bills, and Payments ■ Set up automatic transfer of money from every paycheck to a savings account. ■ Avoid ATM withdrawals that will cost you fees. ■ Pay your bills on time to avoid late fees. ■ Stash away money from windfalls and refunds instead of spending it. ■ Declutter subscriptions and memberships often. ■ Cancel automatic subscriptions and memberships. ■ Round up purchases to the nearest dollar and add the difference to your savings. ■ Shop around for better deals on broadband, credit cards, insurance, phone plans, and streaming subscriptions. ■ Refinance your mortgage and auto loan. ■ Switch to a high-yield savings account. ■ Pay your credit card dues in full every month to avoid paying interest. ■ Switch from monthly to half-yearly or yearly insurance payments to avoid unncessary fees. ■ Look for hidden fees on every purchase. ■ Pay attention to incorrect charges on bills so you can dispute said bills. ■ Get multiple quotes for services to get cheaper deals. ■ Find ways to save tax on your earnings. ■ Sign up for customer rewards programs. ■ Get overdraft fees waived if possible. ■ Opt out of overdraft protection (and keep a close eye on your account balance.) Home ■ Get an energy audit of your home. ■ Switch to energy-efficient lighting and appliances. ■ Develop energy-efficient habits, such as switching off the lights while leaving a room. ■ Unplug inactive appliances or plug them into a power strip so you can turn everything on and off with the press of a button. ■ Switch to solar-powered gadgets where feasible. ■ Keep your automobiles and electronics in top shape. ■ Avoid electronic and automobile upgrades for novelty value. ■ While buying a phone, buy a model or two older than the latest one. ■ Ditch your landline. ■ Lower the temperature on your thermostat. ■ Switch to a programmable thermostat. ■ Don’t heat unused rooms. ■ Insulate your home well. ■ Use fans instead of air conditioning. ■ Install faucet aerators to reduce water costs. ■ Fix leaky faucets and other broken items around the house. ■ Pick up housewares from yard sales. ■ Move furniture around to give your home a simple makeover. ■ Cook meals at home. (But skip recipes that require buying ingredients you probably won’t use again.) ■ Carry water and coffee from home. ■ Eat seasonal foods. ■ Eat local foods. ■ Buy staples in bulk and during sales. ■ Cut down on one supermarket trip every month and shop from your pantry instead. ■ Don’t shop when you’re hungry. ■ Get creative with leftovers. ■ When possible, choose potluck meals over catered ones for events. ■ Make meal-planning a habit to avoid ordering takeout. ■ Buy a crockpot for filling yet inexpensive meals. ■ Make your own cleaning supplies. ■ Declutter your stuff and stop paying for a storage unit. ■ Switch to cold water for doing laundry. ■ Switch from a dryer to a clothesline for drying clothes. ■ Adopt a pet instead of shopping for one. ■ Groom your pet yourself. ■ Buy locally made pet food. ■ Swap pet-watching duties with another pet owner. Entertainment and Lifestyle ■ Cancel costly packages and add-ons from your cable TV subscription. OR
Switch from cable TV to streaming services. ■ Lower your cell phone bill by getting rid of extras. ■ Borrow books and DVDs from public libraries. ■ Play board games instead of going to the mall. ■ Swap clothes, books, games, music, sports equipment, and other supplies with friends and family. ■ Make your next holiday a staycation. ■ Choose AirBnbs over hotels when you travel. ■ House swap with friends and family for a vacation. ■ Time a vacation to coincide with the end of a work trip and in the same location. ■ Travel hack. ■ Build a minimalist wardrobe. ■ Avoid buying clothes that need to be dry cleaned. ■ Cut your own hair. ■ Volunteer as a model at a beauty school for free/discounted haircuts and other beauty treatments. ■ Use up toiletries and cosmetics before buying new products. ■ Switch to inexpensive/drugstore brands for toiletries and cosmetics. ■ Make your own shampoo. ■ Shop from duty-free stores when you travel internationally. ■ Pay in cash whenever possible. ■ Pick free online tutorials over paid classes when you can. ■ Find free/inexpensive hobbies and activities for yourself and for your kids. ■ Keep an eye out for free local events, classes, and workshops. ■ Create a shopping list and stick to it. ■ Buy with reward points. ■ Run the household on one person’s paycheck and save the rest. ■ Walk where you can. It gives you a free workout and saves on transportation costs. ■ Reduce the number of cars you own. ■ Wash your car yourself. ■ Stick to the speed limit to avoid fines as well as inefficient gas usage. ■ Ride a bike instead of driving a car. ■ Take public transport more often. ■ Carpool more often. ■ Work from home more often. ■ Move closer to work. ■ Move to a cheaper neighborhood. ■ Move to a smaller home. ■ Cut down on smoking and alcohol. ■ Reduce meat consumption. ■ Split restaurant meals. ■ Ask for a doggy bag to take leftovers home. ■ Empty coins into a piggy bank. ■ Buy used, refurbished, or open-box electronics. ■ Use free and open-source software. ■ Watch free movies online instead of going to the theater. ■ Buy thoughtful, yet inexpensive gifts. General ■ Replace disposables with reusables. ■ Sell items you don’t use. ■ Rent instead of buying, when possible. ■ Buy multipurpose items. ■ To save money in the long run, don’t skimp on quality. ■ Buy used items when you can. ■ Choose generic brands over name brands. ■ Shop around for deals, discounts, and coupons. ■ Use cashback cards, apps, and sites. ■ Clip coupons. ■ Avoid impulse buys. ■ Downgrade your subscriptions. ■ Downsize your orders. ■ Consider going without. ■ Learn DIY skills using free online resources. ■ Trade goods and services with friends and family. ■ Join local freecycling groups to donate/request useful items. ■ Look for free solutions (if feasible) to replace items and services you’re paying for.

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