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15+ Ways You Can Save Money This Year

Are you one of the many Americans who made a resolution to save money this year? If you are it may be hard to determine where to start and figure out where the money for your savings will come from.


Here are 15+ ways you can save money this year and keep that financial resolution.

15 plus ways to save hundreds this year | arelaxedgal.com

(Disclaimer: This post includes affiliate links for which I may make a small commission at no extra cost to you should you make a purchase.)

1. Create a budget

Having a budget is probably one of the best first steps to saving money. If you know what you’re spending each month you can figure out what you can save each month and if you need to cut back in certain areas so you can save money.

Some great online tools for creating and tracking your budget are Personal Capital and Mint.

2. Buy cleaning supplies at Dollar Tree

Since everything at the Dollar Tree is a dollar, this is a great way to save money. I buy my bathroom and floor cleaners at Dollar Tree which saves me about $2 a bottle. Plus I also buy my brooms at the Dollar Tree saving me another $5 per broom (not that I buy multiple brooms during the year).

3. Take a cheaper vacation

Even when you’re trying to save money you don’t always have to skip on the vacation. Just spending less on your vacation can save you money. Some ways to save money on your vacation are to stay with family or friends, find deals on all-inclusive trips, or vacation with friends so you can split the cost.

4. Learn to DIY

DIYing is a great way to save money because there are so many ways you can do it. Some DIY projects you can do are refurbishing furniture, mending clothes, making your own cleaning supplies or beauty product

My latest DIY projects have included refurbishing furniture I found at yard sales and making my own facial toner using products from my kitchen and bathroom cabinets.


5. Have a no spend month

A no spend month is basically taking a break from shopping and spending money for a month. Doing a no spend month allows you to see where you tend to spend the most money and cut back on those areas to save money.

I’ll be doing this a few times this year to cut back on my spending for non-essentials. I overspent in some areas last year. While that didn’t wreck my finances, it did set me back a bit on a few of my financial goals.


6. Eat out less and cook more at home

Eating out on a consistent basis is expensive. Believe me. I know because that is the category I overspent in last year. So I’m making it a financial goal this year to cut back on my eating out and go back to cooking more at home like I used to.


7. Shop at discount stores

I am a big believer in the discount store. While there are some items you can buy at these stores that won’t save you money, there are many items that will. My favorite discount stores are Dollar Tree and Aldi.

8. Use cash

Apparently, most people are less likely to overspend when using cash because they are actually seeing the money leave their hands. Additionally shopping with cash can help you avoid credit card fees that would result from overspending.

9. Use online rebates when shopping

We all need to buy groceries and fill up our gas tanks so why not get some money back for the purchase and save a little money. The great thing is there are multiple ways to get cash back or rebates on your purchases. Some of my favorite places to get shopping rebates are
  • Ebates - get rebates on your online shopping at stores like Walmart, Kohls, Macy’s and more.
  • Ibotta - an app to get rebates on your grocery shopping and even some online shopping at stores like Walmart and Target.
  • Checkout 51 - another app that provides rebates on your grocery purchases.
  • Credit cards - many, if not most, credit cards have rewards programs that provide you points or cash back on some or all of your purchases.

Save Hundreds of Dollars This Year | arelaxedgal.com

10. Set up automatic savings

Automate your savings by having a portion of your paycheck automatically deposited into your savings account. This is probably the easiest and most painless way to save.

I currently have it set up with my employer to have $75 from each paycheck deposited into my savings account. This way I don’t have to even have to think about it and I’m automatically saving money each month.

11. Sell old or unused items online

Just about everyone has some items in their closet, drawers or storage shed that they don’t use or can’t use anymore. If you’re one of those people why not sell those items online and make a little cash that you can put towards your savings.

I use eBay to sell my old clothes and other household items that are in good shape but are no longer of any use to me.

12. Earn gift cards

While gift cards don’t directly impact your savings that can indirectly. If you use gift cards to purchase items versus your own money you’ll have more money to save.

The two places I earn gift cards from are Shopkick and Bing. Shopkick is a reward app that lets you earn Kicks (their version of rewards points) for doing things like visiting stores, purchasing products, scanning products, or watching videos. You can then redeem the kicks for rewards like gift cards to places like Papa Johns or Walmart. You can sign up using my referral link.

Bing is the Microsoft search engine. They have a reward program where you can earn points for using the Bing search engine and redeem the points for rewards like gift cards to Walmart and Target.

13. Save on utilities

Cutting back on your monthly spending on things like utilities is a great way to find extra money to put towards your savings. The only way to cut back on your utility spending is to use less of the utilities by doing things like
  • Turning off the lights when not in a room
  • Using more energy efficient bulbs
  • Unplugging items you’re not using
  • Washing your clothes in cold water instead of hot
  • Cutting out cable and stream online using services like Hulu and Netflix


14. Shop less

This is pretty self-explanatory. The less you spend the more you can save. If you find that sales at your favorite stores tempt you to unsubscribe from the store’s emails, delete the app and stop visiting the store for a while.

15. Pay bills on time

When you pay your bills late it costs you more because of late fees and interest that are accrued on the late payments. The money that you’re paying for late fees and interest is money that could be put towards your savings.




16. Earn cash back with your credit card

Many if not most credit cards have a cash back program. So you can earn cash back on specific purchases or all of your purchases. If you have a credit card like this and know you can pay your balance in full each month, use your credit card when making purchases. That way you’re earning cash back.
What are you doing to save money this year? Share your plans and tips in the comments below.

1 comment:

  1. Thank you for the tips. I need to order less takeaway. That would seriously save us money this year

    ReplyDelete