Simple Ways to Save Money


At the root of successful money management lies the ability to save. After all, if you’re not saving your money today, you may very well be setting yourself up for a financial disaster tomorrow. Unfortunately, when it comes to saving money, it’s often easier said than done.

For instance, there are many excuses people make about why they can’t save. If you allow these excuses to dictate your actions, it can feel impossible to save even a fraction of your income. But if you take a step back and look at the big picture, you will find that you can always figure out a way to save a few bucks.

The following list is filled with simple ways to save money. Whether it’s saving for retirement, long-term goals, or emergencies, incorporate what you can from this list. Before you know it, you will be sitting comfortably with money in the bank and peace of mind about your financial foundation.

Cut Your Commuting Costs

One of the best things I did when I moved to the city was to buy a bike (and a helmet!). Not only was I saving a boatload on gas and care maintenance, but I was also getting regular exercise, which cut my healthcare costs as well. If biking isn’t an option for you, consider car pooling, using mass transit, or arranging for car sharing. You can also save money by becoming a better driver–keep up with routine maintenance, don’t drive aggressively, and ease off the accelerator. Your car will perform better and you’ll save more!

Be a Savvy Shopper

When I need to buy something like clothing or shoes, I like to save big by shopping off-season. Buying a winter coat on clearance in May will save you a bundle compared to buying that same coat in December! I also like to clip coupons (no extreme couponing here though), bring my own bags to the grocery store, ask stores to price match competitors’ ads, and do research before making any large purchases. I also take advantage of frequent shopper discount cards and groups–just my grocery club card alone has saved me thousands on groceries.

Multitask Whenever Possible

Another fun, easy way to save money is to multitask. Instead of spending a ton of money on entertaining ways to pass the time with my friends, I plan social outings that incorporate fitness and free community events. Not only do we all appreciate a workout and seeing each other, but we benefit from not spending a bunch of money to do so.

I also multitask when around the house: I will use washcloths instead of pricey facial makeup remover pads, I make homemade cleaning and beauty supplies from what I already have in the cabinets, and I re-purpose items around the house whenever I can (ie. using an extra living room table as a nightstand in my bedroom).

With a bit of creativity and some extra effort, you can find multiple ways to save more. It might not be as fun as spending, but in time you’ll learn to appreciate your growing bank account balances more than you value frivolously spending paycheck after paycheck.

What are some strategies you employ for saving money?

12 Responses to Simple Ways to Save Money

  1. Pauline says:

    My work had an incentive to cycle to work, they would buy the bike for you and deduce it from your gross pay, over 12 months interest free, it was about a 40% savings so I got an awesome bike!

    • Jen says:

      Wow, that’s an awesome program!! I would definitely take advantage of something like that. More workplaces need to promote a healthy lifestyle!

  2. Jen, great post! Your first line, “At the root of successful money management lies the ability to save.” said it all. Even with our super tight budget, we’ve found that it’s important to save something – even if it’s just a couple of bucks, aside for an emergency or whatever. And there are tons of ways to cut costs. From simple things like turning off the lights and using less of household items, to meal planning and hang drying your clothes, there’s all sorts of ways to cut costs and save money in the process.

    • Jen says:

      Thanks, Laurie! I really think being able to save is a cornerstone for any sense of good financial management. Good for you for realizing that! I think it’s great that you’re not discounting the small things because they really can add up.

  3. Using coupons and opting for DIY solutions to tackle everyday tasks are integral parts of my money-saving routine. I also try not to get bogged down by monthly subscriptions to anything – I don’t have cable, don’t pay for a gym membership and have consolidated our magazine subscriptions recently. In addition to couponing, I use discount gift cards to save even more on “fun” purchases like clothing and dining out.

  4. Michelle says:

    We definitely need to work on our commuting costs. We spend so much time/money just running around.

  5. I started catching the train to work and saved a lot on gas when I was working. Cutting out the gym membership and working out at home and running around the park has saved some funds as well.

  6. CF says:

    We save a lot of money on our commute: Brian walks to work and I take public transit using a discounted pass that I buy through my employer. Cheap and environmentally friendly!

    • Jen says:

      Nice! Walking to work is fantastic–such a win-win. I have a discounted pass from my part-time job, and I use that baby all the time 🙂

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