33 Legit Ways to Save Money Fast Even if You’re Awful at Saving

The challenge of saving money can feel overwhelming, especially for those who may not have a natural inclination toward budgeting or financial planning. Whether you find it difficult to resist the allure of online shopping or struggle to track your expenses, the good news is that there are legitimate strategies to help you save money quickly, regardless of your financial habits. This blog post will explore practical methods designed for those who may consider themselves “awful at saving,” empowering you to take control of your finances and achieve your savings goals.

Remember that every little bit counts—what matters most is starting today! If you’re ready to take charge of your financial future and implement these strategies into your daily routine, now is the perfect time.

1- Cancel Non-Essential Subscriptions and Memberships

One of the easiest ways to start saving money immediately is by reviewing your subscriptions and memberships. In today’s digital age, it’s easy to accumulate various services—streaming platforms, gym memberships, magazines, and more—that may no longer serve your needs. Take a close look at what you’re paying for each month. Are you still using that streaming service? How often do you visit the gym? Canceling non-essential subscriptions can free up a significant portion of your budget. Consider using a budgeting app that tracks these expenses for better visibility.

2- Say Goodbye to Your Cable Bill

Cable television can be one of the most substantial monthly expenses in a household budget. With a plethora of streaming services available at lower costs, it’s time to reconsider whether traditional cable is worth the investment. By switching to an affordable streaming service or even using free platforms for content consumption, you can reduce or eliminate your cable bill entirely. This shift not only saves money but also allows for more flexibility in viewing options.

3- Ditch Your Pricy Cell Phone Plan

Cell phone bills often come with hidden fees and unnecessary features that can significantly inflate costs. If you are currently on an expensive plan with data limits and premium features, it might be worth exploring prepaid options instead. Many providers offer competitive plans that provide ample data at a fraction of the cost. Additionally, consider whether you really need all those extras—by simplifying your plan, you could see substantial savings.

4- Utilize Your Smartphone’s Wi-Fi Hotspot

If you’re paying for home internet service but find yourself rarely using it, consider leveraging your smartphone’s Wi-Fi hotspot instead. Most modern smartphones have this feature, allowing you to access the internet on your laptop or tablet without needing a separate internet service provider (ISP). This approach can work well for those who primarily use their devices for basic tasks like browsing and email.

5- Negotiate with Service Providers

A surprisingly effective way to save money is by contacting your service providers—such as phone, internet, cable, and insurance companies—and negotiating lower rates. Approach these conversations with confidence; let them know you’re considering switching providers due to high costs. Often, customer service representatives have the authority to offer discounts or promotions to retain customers who express dissatisfaction with their rates. Prepare yourself with competitor pricing information and be ready to walk away if necessary; sometimes the threat of cancellation is enough to prompt them into action.

6- Bundle Your Insurance Policies for Discounts

One of the simplest yet often overlooked methods to save money is by bundling your insurance policies. Many insurance providers offer discounts when you purchase multiple types of coverage—such as auto, home, and life—from the same company. This not only streamlines your payments but can also lead to considerable savings on your monthly premiums. Start by reviewing your current policies and reaching out to your insurer to inquire about potential bundle discounts. Even if you’re not well-versed in insurance jargon, a quick conversation could reveal substantial savings.

7- Increase Your Insurance Deductibles

Another effective strategy for lowering your monthly expenses is to increase your insurance deductibles. A higher deductible means that you will pay more out-of-pocket in the event of a claim, but it also significantly reduces your premium costs. Before making this decision, consider how much you can realistically afford to pay in case of an emergency. If you have a solid emergency fund or are confident in your ability to cover the deductible should something happen, this could be a smart way to save on monthly bills.

8- Consult Your Student Loan Servicer

For those dealing with student loans, financial strain can be overwhelming. If you’re experiencing hardship, it’s crucial to contact your student loan servicer and explore options that may alleviate some of your financial burden. Switching to an income-based repayment plan can adjust your monthly payment based on your earnings, potentially lowering it substantially. Additionally, inquire about deferring payments during tough times; many lenders offer temporary relief options that could provide some breathing room in your budget.

9- Set Up Automated Bill Pay

Late fees can eat away at your budget faster than you might realize. To avoid these unnecessary charges, consider setting up automated bill pay for all recurring expenses such as utilities, credit cards, and subscriptions. This simple step ensures that payments are made on time every month without requiring ongoing effort from you—reducing the risk of forgetting due dates while helping you maintain a good credit score as well.

10- Optimize Your Housing Costs

One of the most significant monthly expenses is housing. If you own a home or have an extra room in your apartment, consider listing it on Airbnb. This option allows you to generate extra income while utilizing space you may not be using. Before diving into this venture, ensure you have your landlord’s approval if you’re renting. Alternatively, if Airbnb isn’t feasible for you, consider getting a roommate. Sharing living expenses can significantly lighten your financial burden and create a supportive living environment.

11- Adjust Your Tax Withholding

Many individuals receive hefty tax refund checks each year, which might feel like a bonus at tax time but can actually indicate that you’re overpaying throughout the year. By adjusting your tax withholding status on your W-4 form, you can increase your take-home pay every month. This strategy allows you to pocket the additional funds as savings rather than waiting for a lump sum at the end of the year. Not only will this improve your cash flow, but it also empowers you to put that money to work sooner.

12- Transfer Your Credit Card Balance

Credit card debt can be one of the most challenging financial hurdles to overcome, particularly when high interest rates accumulate quickly on unpaid balances. One effective strategy to manage this is by transferring your credit card balance to a new card that offers 0% interest for an introductory period. This move gives you breathing room as it allows you to pay down the principal without accruing additional interest charges during the promotional period. Just be mindful of any transfer fees and ensure that you’re committed to paying off the balance before the promotional rate expires.

13- Rethink Your Car Expenses

Transportation costs can add up rapidly, especially if you’re maintaining multiple vehicles or high car payments and insurance premiums. Consider selling one of your cars if you’re currently in a two-car household; this move not only reduces maintenance costs but also lowers insurance premiums significantly. If you’re already down to one vehicle, think about selling it and opting for a more economical model that suits your needs without breaking the bank.

14- Grocery Shopping Smarts

One of the most significant areas where people overspend is at the grocery store. To curb this tendency, commit to shopping only once a week. Before you head out, create a comprehensive shopping list based on what you need and what meals you can prepare using items already in your freezer and pantry. By taking inventory of your current supplies, you can avoid unnecessary purchases and make the most of what you already have. Focus on buying staples—items like rice, pasta, canned goods, and frozen vegetables—that offer versatility and longevity.

15- Meal Prep: The Key to Affordable Eating

Packing your own lunch for work is not only healthier but also significantly more cost-effective than frequently dining out. Dedicate some time each week to meal prep; consider making large batches of your favorite dishes that can be portioned into containers for easy grab-and-go lunches throughout the week. Similarly, prepare snacks at home—think trail mix, cut-up fruits or vegetables, or homemade granola bars—to keep hunger at bay while running errands without breaking the bank.

16- Hydration Over Indulgence

Another simple yet effective way to save money is by reevaluating your beverage choices. Many people overlook how much they spend on drinks like soda, juice, or coffee from cafes. Instead of buying these items regularly, opt for water—preferably filtered or tap water—to stay hydrated without the added cost. If you’re a coffee lover, consider brewing your own coffee at home rather than visiting pricey coffee shops daily; this small change can lead to substantial savings over time.

17- Share the Ride: Carpooling Benefits

Transportation costs can add up quickly with fuel prices and parking fees. To mitigate these expenses, consider carpooling with co-workers or neighbors who share similar commuting routes. By splitting the costs of gas and any tolls or parking fees associated with your daily drive, you’ll not only reduce your individual financial burden but also contribute positively to environmental sustainability.

18- Explore Local Public Transportation Options

One of the most significant expenses many individuals face is commuting costs. If you’re currently driving to work, consider exploring local public transportation options. Buses, trains, or trams can often be more cost-effective than maintaining a car, especially when factoring in gas, insurance, and parking fees. By taking advantage of these services, you might find substantial savings in your monthly budget. Furthermore, many cities offer discounted passes for frequent riders that can reduce your expenses even further.

19- Fuel Up for Less

For those who rely on their vehicles for daily commutes or errands, fuel costs can add up quickly. Thankfully, there are several ways to minimize these expenses. One effective strategy is to use apps like GasBuddy that help you locate the cheapest gas prices in your area. Additionally, consider signing up for fuel rewards programs offered by major gas stations; these programs often provide discounts on fuel based on your spending at the station. By being mindful of where and how you fill up, you can significantly cut down on one of your recurring expenses.

20- Seek Cheaper Parking Options

If you regularly pay for parking at work or during outings, it’s worth taking a moment to evaluate your options. Research nearby garages or lots that may offer lower rates than your usual spot. Sometimes walking a few extra blocks can save you a considerable amount of money over time. You might also discover free street parking or alternative solutions such as carpooling with coworkers or friends who live nearby. Reducing parking costs not only helps your wallet but also encourages a healthier lifestyle through increased physical activity.

21- Automate Your Savings with Direct Deposit

One of the simplest yet most effective ways to save money is through automation. Setting up direct deposit with your employer allows you to allocate a certain percentage of each paycheck directly into a savings account before it reaches your checking account. This “pay yourself first” approach ensures that saving becomes an effortless part of your financial routine rather than an afterthought. As a result, you’ll be less tempted to spend what you’ve planned to save.

22- Treat Saving Like a Bill

One of the most effective ways to build your savings is to treat it as an essential bill that you must pay each month. This means setting up your bank account to automatically transfer a specific amount from your checking account to your savings account on a predetermined date. By automating this process, you eliminate the temptation to spend that money before saving it. Choose an amount that feels manageable—this could be as little as $50 or as much as you’re comfortable with—and watch how quickly these small contributions add up over time.

23- Leverage Savings Apps

In today’s digital age, there are numerous apps designed to simplify the savings process. One standout option is Digit, which analyzes your spending patterns and automatically transfers small amounts of money from your checking account to your savings account. This “set-it-and-forget-it” approach allows you to save without even thinking about it. By integrating such tools into your financial routine, you can effortlessly build your savings while focusing on other aspects of your life.

24- Keep Savings Out of Reach

Accessibility can be one of the biggest barriers to saving money. If you have easy access to your savings—like through nearby ATMs—you may be tempted to dip into those funds for non-emergencies. To combat this, consider storing your savings in an online bank account that does not offer ATM access. Not only does this reduce temptation, but opting for a high-yield savings account will also help grow your money through interest earnings. The less accessible the funds are, the more likely you are to let them accumulate over time.

25- Adjust Long-Term Contributions Temporarily

If you’re facing financial pressure or simply finding it hard to save due to unexpected expenses, consider temporarily pausing or lowering contributions to long-term savings vehicles like retirement accounts or college funds for children. While these accounts are important for future planning, giving yourself some breathing room in the short term can allow for better focus on immediate saving efforts. Once you’re back on stable financial ground, you can resume contributing at a level that aligns with both short- and long-term goals.

26- Save Any Extra Money You Might Get

The first step towards enhancing your savings is to make the most of any extra funds that come your way. This could include bonuses from work, tax refunds, or even unexpected gifts. Instead of treating yourself with these additional funds, consider putting them directly into your savings account. This approach not only helps you build a financial cushion but also instills a habit of prioritizing savings over immediate gratification.

27- Enjoy Your Downtime Without Spending Money

Leisure activities often come with a hefty price tag; however, there are plenty of ways to enjoy your free time without breaking the bank. Opt for outdoor activities like visiting parks or beaches, which provide natural beauty and relaxation at no cost. Instead of meeting friends for lunch or drinks, suggest taking a walk together or hosting a potluck dinner at home. Game nights with friends can be both entertaining and budget-friendly.

Additionally, utilize local resources such as libraries where you can borrow DVDs instead of spending money at movie theaters. Keep an eye on community boards for free events happening in your city—these can range from concerts to art exhibits and offer great opportunities for entertainment without the associated costs.

28- Stop Impulse Buying

Impulse buying can quickly derail your financial goals. To combat this tendency, consider attaching a sticky note to your debit card with a reminder to evaluate whether the purchase you’re about to make is necessary. This simple act serves as a momentary pause that allows you to reconsider your decision.

If online shopping is particularly tempting for you, take proactive steps to limit this behavior. Remove your credit card information from online accounts and block access to favorite retail websites if necessary. For those looking for a more structured approach, consider installing Icebox—a free Google Chrome extension that replaces the “add to cart” button with “put it on ice.” This tool allows you to delay purchases by freezing them for a predetermined period.

29- Switch Your Spending Over to a Cash System

Transitioning from digital transactions to cash can be an effective way to manage spending habits more consciously. Allocate cash into envelopes designated for each budget category—such as groceries, entertainment, and dining out—at the beginning of each month. Handling physical cash makes it easier to see how much you’ve spent in each category and helps prevent overspending.

Once you’ve depleted the cash allocated for a specific category, it’s essential to stop spending in that area until the next budgeting cycle begins. This method encourages discipline and helps you stay within set limits while cultivating a deeper awareness of your financial habits.

30- Live Off One Income in a Two-Income Household

If you are fortunate enough to be part of a two-income household, consider adopting the strategy of living off just one income while saving the other. This approach not only accelerates your savings but also instills a sense of financial discipline. Begin by identifying your essential expenses—such as housing, utilities, groceries, and transportation—and create a budget that allows you to cover these costs with one income. The second income can then be directed entirely into savings or investments. This method encourages mindful spending and helps you prioritize your financial goals.

31 Commit to a No-Spend Challenge

A no-spend challenge can be an effective way to boost your savings significantly in a short period. The premise is simple: for a set duration—be it a week, month, or even longer—you commit to not spending any money outside of essential needs and planned purchases. This challenge requires you to get comfortable saying “no” to impulse buys and non-essential expenses. To make it easier, plan your meals ahead, limit entertainment expenses, and find free activities in your community. By the end of the challenge, you may be surprised at how much you’ve managed to save.

32- Manually Track Your Spending

Tracking your spending is crucial for understanding where your money goes each month. While many people rely on apps or automatic tracking tools, manually recording your expenses can provide greater insight into your spending habits. Start by keeping a notebook or using a spreadsheet to log every expense—big or small—for at least one month. This practice will help you identify patterns and areas where you can cut back. Once you’re aware of unnecessary expenditures, you can make informed decisions about adjusting your budget and increasing your savings.

33- Save Your Spare Change

One simple yet effective way to build up your savings is by setting aside spare change after every purchase. Whenever you buy something—whether it’s coffee or groceries—round up the total amount spent and put the difference into a designated jar or container. At the end of each week or month, take this accumulated change and deposit it into your savings account. Many banks offer free coin rolling supplies or accept loose change without requiring it to be rolled up at all. Over time, this small habit can lead to significant savings without requiring any drastic lifestyle changes. Best regards, Finance Mate Club