21 Easy Ways How To Save Money Every Month | Wildchildretire

Are you barely getting by or just looking for better ways to save money every month?

Well, we got you covered.

Here, we’ll share with you 21 excellent tips on how to save money every month.

Personally, these tips have allowed my wife and me to save up enough money to buy 3 houses outright and become millionaires before the age of 37. (All while doing so on an enlisted military salary 😁).

So if you want to know what free budget apps to use to manage your money, spend less than $10 a month on your cell phone plan, or maybe even how to entertain yourself for free, read the helpful blog below.

Let’s jump right in. 😊

Is It Important To Save Money Each Month?

Most people would say yes – saving money is important. It gives you a nice cushion to fall back on in emergencies and helps you reach your long-term financial goals (like financial independence).

But why is saving money each month so important? Here are three key reasons:

1. It’s hard to know when an emergency will happen. No one knows what the future will bring, and unexpected expenses can crop up at any time. By saving money each month, you’ll have a buffer to cover unexpected costs if they arise.
2. Savings can help you reach your financial and investors goals. Saving regularly can help you achieve big financial goals, like buying a home or retiring comfortably. One of the benefits of saving early is that your money will have more time to grow.
3. Savings give you peace of mind. You’ll feel more secure and confident about your finances when you have savings set aside. This can help reduce stress and give you a better sense of well-being.

There you have it, the how and the why.

Now get to it! 😁

How To Save Money In A Month (21 Simple Ways)

Problem solved. 😊

Check out the helpful money-saving tips below to learn how to save money in a month.

1. Budget

Budgets…

Soooooo boring.

I get it. I do.

You’re probably thinking, “Why would I want to waste my time creating a budget when I could be doing anything else?”

Well, here’s the thing: budgets are really important if you want to save money every month. A budget is basically a plan that helps you track your income and expenses to make informed financial decisions.

Now, I know what you’re thinking: “There’s no way I’m going to be able to stick to a budget.” But here’s the good news: there are plenty of free money management apps that can make budgeting a lot easier. Personal Capital is one of those apps.

Personal Capital is a free money management app that creates unique financial plans just for you, all at the convenience of your cell phone. You also have access to free advice from professionals. 

So if you’re looking for a way to save more every month (or wanting to know how to raise money fast), I recommend giving Personal Capital a try. It’s helped many other folks stay on track with their budget, and I’m sure it can do the same for you.

2. Use Cash Back Apps

If you’re looking for ways to save money or live within your means, using cashback apps is a great way to do it. For example, with Ibotta, you can get cash back on your everyday purchases, both online and in-store. And the best part is that you don’t have to change your shopping habits or go out of your way to get the savings.

Ibotta is just one example of a cashback app, but many others are out there. While each app has its own specific way of working, they all essentially do the same thing: give you money back on your purchases.

So why not start using a cashback app today and see how much you can save? You might be surprised at how quickly the savings add up.

3. Get Free Gift Cards

Free gift cards are the best!

Why? Because you can use them to save money on things that you would typically spend money on. For example, let’s say you have a child’s birthday party. You could use a gift card to buy the cake, decorations, and goodie bags. This would save you a lot of money that you would otherwise spend on the party.

Swagbucks is an app that gives you free gift cards. You fill out surveys, and they, in return, give you Swagbucks. Then, you can use those Swagbucks to get the cards at your favorite stores like Walmart or Amazon.

So if you’re looking for ways to make saving money fun and your overall savings bigger, consider getting free gift cards from Swagbucks. It’s a great way to save money on things you would normally spend money on.

Plus, it’s easy and fun!

4. Switch Cell Phone Plans

In 2022, the average cell phone bill will be $114!

That’s nuts!

You could probably spend that money on a monthly family BBQ making priceless memories, or saving up for a used car!

So how does one lower their bill?

By switching to a cheaper cell phone service, of course!

Mint Mobile and Tracfone are two great examples of affordable cell phone services that won’t break the bank.

Mint Mobile starts at just $15 a month, while Tracfone begins at an even more budget-friendly $7 a month. Plus, with Tracfone, you can pay as you go, so you’re never stuck in a contract!

What are you waiting for? Make the switch now and start saving tomorrow!

5. Get Rid Of Cable

$217. Maybe a month’s worth of groceries for a single person and more than enough for a bus pass.

It’s almost how much cable costs!

That’s a lot of money to spend on something that you might not even be using that much.

We’ve all been there. You’re lying in bed, flipping through channels, and you come across a show that you think is interesting. But then you see something else, get overwhelmed by the choices, then settle for whatever. It’s a common story, but it doesn’t have to be yours anymore. You can get rid of cable and still watch all the shows you want.

Here’s how:

There are many streaming services that you can sign up for that will give you access to all the shows you want to watch.

Hulu, Disney+, and ESPN+ are just a few available options. And the best part is that they’re all very affordable. The bundle, for example, is only $13.99 per month. That’s a lot cheaper than cable!

There are also devices like Roku that you can use to stream these services. Roku is straightforward to set up and use, and it’s very affordable. You can get a Roku device for as little as $29.99.

So there you have it!

You can get rid of cable and still watch all the shows you want. All you need is a streaming service and a Roku device, and you’ll be set.

And I have to say, this is by far one of the best frugal living tips you can follow. I have saved THOUSANDS of dollars using a Roku device and streaming services.

NOW IT’S YOUR TURN!

6. Reduce Subscription Services You Don’t Use

It’s easy to let random subscriptions build up over time. Whether it’s a magazine you never read or an online service you forgot you signed up for, these small expenses can add up. So if you’re looking to save more every month, it’s vital to get rid of any subscription services you don’t use.

There are a few ways to go about this. First, look at your credit card statements or bank account to see what recurring charges you’re being billed for. If you see anything that looks like a subscription, make a note of it.

Next, go through your email inbox and look for any confirmation emails or receipts from subscription services. This can be a little more time-consuming, but it’s worth it to make sure you catch everything.

Finally, take a look at your home or office and see if there are any physical magazines or other materials you’re being sent that you don’t really need. If so, call the company and cancel the subscription.

It may seem like a hassle to go through all of this, but it’s essential to get rid of any unwanted subscription services if you want to save money. A few minutes of your time can make a big difference in your monthly budget.

7. Use Cash Only

It’s a proven fact that using cash only can help you save more money every month. When you use money, you are more aware of your spending and less likely to impulse buy. Carrying around cash also discourages you from overspending.

If you’re serious about saving money, using cash only is a great start. You’ll be alarmed at how much money you can save by simply using cash instead of credit or debit. So give it a try and see for yourself!

8. Try A Money Challenge

If you’re looking for ways to save every month, a money challenge may be good. Money-saving challenges can help you change your spending habits and learn to live within your means. There are various money challenges you can try, and the best one for you will depend on your individual circumstances.

One popular money challenge is the 30-day rule. With this challenge, you commit to not spending any money on non-essential items for 30 days. This can be a difficult challenge, but it can help you save a significant amount of money over a month.

You can try many other money challenges, and there’s no one-size-fits-all solution. Instead, experiment with different challenges and find the one that works best for you. By committing to a money challenge, you can save more every month and improve your financial health.

9. Lower Debt

The average amount of debt per person in America in 2021 was $90,400!

If you want to have more cash each month, you need to get out of debt. And one of the easiest ways to get out of debt is to use Quicken.

Quicken’s Debt Reduction Program makes it simple to determine which debts you should prioritize depending on their interest rates. Simply by connecting with your creditors, the software may generally determine current interest rates and minimum payments without any input from you. If this information isn’t available, you can provide it manually, and Quicken will alter it as needed.

The reason it’s essential to focus on debts with high-interest rates is because those are the debts that are costing you the most each month. So by getting rid of those debts first, you can save a lot of money each month.

Quicken makes it easy to see how much you can save each month by following a debt reduction plan. Simply enter your information and let Quicken work its magic. You’ll be on your way to becoming debt-free in no time.

10. Lose The Gym Membership

I get it. You love the pump. The mirrors show how big those muscles of yours are getting. The people around you compliment you on how awesome you are at the bench press. So the appeal of the gym is there. But not for $60 bucks a month!

If you want to save more money each month, you’re going to have to lose the gym membership. I know, it hurts. But you can do it! And I’m here to help.

Here are some tips:

1. Invest in some essential equipment. A good set of dumbbells, a yoga mat, and a stability ball can go long. You can find these items cheaply at your local sporting goods store or online.
2. Take advantage of free online resources. There are many great websites and YouTube channels that offer free workout videos.
3. Try to find the best budget treadmill or the best budget bike trainer and get to sweating.
4. Get creative! There are endless possibilities for at-home workouts. Just use your imagination and get moving!

Losing a gym membership is a tough pill to swallow. But it’s a necessary step if you want to save money each month. With a little bit of effort, you can find plenty of ways to work out at home for cheap or free. So get creative and get moving!

11. Automate Your Savings

You probably have a hard time saving every month if you’re like some folks. You may have a budget, but there always seems to be more months than money. One way to make sure you always have some cash stashed away is to automate your savings.

There are a couple of ways to do this. First, you can have a certain amount automatically transferred from your checking account to your savings account each month. Or, you can set up a separate saving account linked to your checking account and has an automatic transfer feature.

Whichever method you choose, the key is to make sure the money is going into your account before you have a chance to spend it. This way, you’ll never even miss the money. And over time, your reserve will start to grow.

12. Get Discounted Stuff

Do you know what’s great? Discounts. Do you know what’s even better? Getting those discounts without having to do any work. That’s what Honey is all about.

Honey is a browser plugin that automatically applies coupon codes at checkout with a single click. You may simply shop as usual, and Honey will handle the rest.

It works on almost 30,000 sites, so you’re bound to find coupons for places you already shop at. So why not give Honey a try? It could save you a lot of money in the long run.

13. Buy Used

It’s no secret that everyone is looking for ways to save money. One great way to do this is to buy used items instead of new ones. Of course, you will save money on the purchase price, but you’ll also save money over the long term by not paying for things like maintenance, repairs, and replacement costs.

However, there are a few things to keep in mind when shopping for used items.

First, ensure that you’re getting the item from a reputable source. This could be a friend or family member, a consignment shop, or an online marketplace like Craigslist or eBay.

Second, scrutinize the item before you buy it to ensure that it’s in good condition and will meet your needs.

Finally, be sure to factor in the cost of any necessary repairs or replacements when calculating the overall savings.

By following these simple tips, you can save a lot of money by shopping for used items instead of new ones. So next time you’re in the market for something, don’t overlook the great deals on used goods!

14. Buy In Bulk

The cost of living is rising. Every year, it seems like prices for basic necessities go up a little bit more. This can be tough to manage if you’re on a tight budget.

One way that you can save money every month is by buying in bulk. When you buy in bulk, you usually get a discount on the overall price. This can really add up over time and help you to stretch your budget further.

Costco is a great place to buy in bulk if you’re unsure where to start. They offer a wide variety of items at very competitive prices. You can always return an item if you’re not happy with it.

So, next time you’re at the store, consider buying in bulk to save yourself some money. It could make a big difference in your budget.

15. Cut Your Own Hair

How much does the average haircut cost? $28. Now, how often do you get your hair cut? Every 6 weeks? That’s about $168 per year! So cutting your own hair can save you a lot of money in the long run.

So why not cut your own hair? It’s not as difficult as you may think. With a bit of practice, anyone can do it! And there are plenty of resources available to help you learn how. YouTube is a great place to start.

Here are a few tips to get you started:

• Start with clean, dry hair.
• Start with small, minor cuts. It’s easier to cut more off than to grow it back.
• Pay attention to the direction of your hair. Cutting against the grain will give you a shorter cut, while going with the grain will provide a longer one.
• Use sharp scissors. Dull scissors will create split ends and make your hair look unhealthy.

With a bit of practice, anyone can cut their own hair and save a lot of money! So why not give it a try?

16. Don’t Eat Out

The average household spends $3,000 a year eating out. That’s a lot of money going towards savings, investments, or other important monthly bills. Eating out is a convenience that many of us can’t live without, but it’s definitely not necessary.

Cooking your own food is not only cheaper, but it’s also healthier. You control what goes into your food, and you can avoid processed and unhealthy ingredients. Home-cooked meals also tend to be more filling, so you’re less likely to snack or overeat throughout the day.

If you’re trying to save money, cooking at home is one of the best things you can do. It may take a little more effort than ordering in, but it’s worth it in the long run. Plus, who doesn’t love a home-cooked meal?

17. Get A Roommate

If you’re looking to save some money on your monthly expenses, one of the best things you can do is get a roommate. Renting an apartment or house by yourself can be expensive, and if you’re not careful, you could spend more than you can afford.

When you have a roommate, you can split the cost of rent, utilities, and other bills evenly. This can help you save a lot of money each month, making it easier to afford the apartment or house you want. (In 2021, a two-bedroom would cost you $1,180, you could pocket almost $600 if you got a roommate!)

18. Get A Smaller House

If you want to save more, it may be time to move into a smaller home. You may not have thought about this option before, but it can be a great way to save some extra cash each month. Here’s why getting a smaller house can help you save money.

1. Lower Monthly Mortgage Payments. One of the most significant expenses each month is your mortgage payment. If you move into a smaller home, you can lower this payment and have more money each month. This can be a great way to start saving more money each month.
2. Lower Utility Bills. Another big expense each month is your utility bills. If you move into a smaller home, you can also lower your utility bills. This can be a great way to save money each month.
3. Less Maintenance and Upkeep. A smaller home means less maintenance and upkeep. This can be a great way to save money each month. You won’t have to worry about painting, repairs, and other things that come with owning a larger home.

Moving into a smaller home can be a great way to save money each month. So if you’re looking to save more, this may be the option for you.

19. Use Shared Transportation

The average household spent $250 on gas in 2021. As a result, some people opt to use public transportation instead of driving their own car to save money. If you live in a city, chances are there is a bus or train system that can take you where you need to go. You may even be able to get a pass that gives you unlimited rides for a month or year.

Another way to save money on transportation costs is to carpool. When you carpool, you share the cost of gas and parking with other people. You can find people to carpool with using apps like Waze Carpool or your workplace.

If you live in a rural area, you may not have access to public transportation. In this case, carpooling is still an option. You can post on community boards or online classifieds to find people in your area who are interested in carpooling. You can also try asking friends, family, or neighbors if they’d be interested in carpooling with you.

Whether you choose to get around, using shared transportation can help you save money every month.

20. Entertain At Home

Going out can be expensive. Whether you’re grabbing drinks with friends or catching a movie at the theater, there are many ways to spend your hard-earned cash.

But what if we told you that there are plenty of ways to have fun without breaking the bank? That’s right – entertainment doesn’t have to cost an arm and a leg. In fact, you can save a lot of money by staying in and getting creative.

There are tons of ways to entertain yourself and your friends at home. From hosting game nights to having a potluck dinner party, there are plenty of options that won’t cost you a fortune.

So next time you’re looking for something to do, consider staying in and getting creative. You might be surprised at how much fun you can have without spending a lot of money.

21. Start A Blog

It’s no secret that saving money is important. But did you know that one of the best ways to save money each month is to start a blog?

Blogging has a lot of benefits, but one of the biggest is that it can help you save money every month. Here’s how:

1. You can work from home. If you have a blog, you can work from the comfort of your own home. This means no more commuting costs or expensive office lunches. You can save money on gas and other transportation costs by working from home.
2. You can save on childcare costs. If you have little ones, you know how expensive child care can be. But if you work from home, you can take care of your kids while you work. This can save you a lot of money each month on childcare costs.
3. You can save on office expenses. Renting an office can be expensive. But if you have a home office, you can save on these costs. You won’t need to pay for rent, utilities, or other office expenses.
4. You can reduce your taxes. If you work from home, you may be able to deduct some of your home expenses from your taxes. This can save you a lot of money each year.
5. You can make money from your blog. You can actually make money from a successful blog if you have a successful blog. (Maybe even over $1,000,000 a year!) This can help you offset your costs and even make a profit.

Starting a blog is a great way to save money each month. So if you’re looking for ways to reduce costs, consider creating a blog today with Bluehost for only $2.95 a month (that’s what I did 😁). It could be the best choice you ever make!

FAQ

How much money should I save every month?

The general rule is to save 20% of your income each month. However, you may need to save more or less depending on your unique circumstances. Try to create a budget and track your spending to get an idea of where your money is going. This will help you figure out how much you can comfortably save each month.

What is the 30-day rule?

The 30-day rule is a money-saving technique for deferring non-essential and impulsive purchases for 30 days. This lets you discover what you really need and want and avoid wasteful spending on unnecessary items.

How can I save 1000 in a month?

There are many ways to save 1000 in a month. One way is to make a budget and stick to it. Another way is to make meals at home instead of eating out. You could also try to buy in bulk or sell some of your belongings online. Whatever you do, be creative and find the best ways for you!

How much money should I save a month?

The amount of money you should save a month depends on your individual financial situation. Try setting aside $50 or $100 each month to get started. Once you have that savings habit in place, you can gradually increase your savings amount. In addition, automating your finances can help make saving easy and hassle-free.

What are the best ways to save money fast?

One way to save money quickly is by creating a budget and sticking to it. You can also save money by cooking at home, buying generic brands, and avoiding expensive activities. Finally, you can reduce your expenses by consolidating your debt and investing in a high-yield savings account.

Summary

So there you have it – 21 easy ways to save money every month.

Some of these tips are easier than others, but all will help you keep more cash in your wallet. And that’s always a good thing!

Now go be a savings master and watch that money pile up!

What monthly money-saving tips will you use?

Will you start a budget with Personal Capital?

Or will start a blog with Bluehost and save money by working from home?