There are so many strategies that we could all implement that would make us just a little bit better at saving money. That. is why we rounded up all of our favorite money saving hacks. We could all do better by implementing just a few of these into our daily lives.
Some require a bit of a lifestyle change, and some are so easy that you are going to wonder why you haven’t been doing them all along.
1. Only Use Cash To Keep On Track
With credit cards, it can be so easy to shop without really thinking about the price. To help put each purchase in perspective, try only carrying and using cash for a month. It’s much harder to spend when you see the money disappearing before your eyes!
2. Check Your Credit Score -- And Save Big Over Time
There’s rarely a quick fix for anything, but with the help of Experian Boost, you can instantly improve your FICO Score (that’s the score most lenders use). On average, Experian Boost helps users boost their FICO Score by 13 points. That’s no small feat!
So how can you use Experian Boost to instantly improve your FICO Score? The app makes it possible for you to use the payment history for your phone and utility bills to count towards your credit score. Payment history makes up 35% of your credit score and creditors usually report it to credit bureaus every 30 days. Typically phone and utility bills aren’t considered in your credit score unless you make several late payments on them. So, if you have a good track record when it comes to paying these bills, Experian Boost can really make a difference in your FICO Score.
Here’s how it works:
- Connect whatever bank account(s) you use to pay your bills (your information remains private)
- Choose and verify the positive payment history you want to be added to your Experian Boost credit file
- Get boosted results instantly
The best part about Experian Boost is that the service is 100% free.
Sometimes, a few points of improvement on your credit is all you need to open the door to new financial possibilities and to save money in the long haul.
3. You're Wasting $825 A Year And You Don't Have To Be
Most people have absolutely no idea — and we mean no idea — that it’s recommended to switch car insurance every year so you are consistently getting the absolute cheapest price.
We all know that switching anything can be annoying, which is why we are such big fans of Gabi which shops for the best car insurance deal for you. It’s so good at doing this that the average customer will save $825 a year on car insurance.
To find out if you are currently getting ripped off on car insurance:
- Connect your existing insurance policy
- Provide your driver’s license
- Within minutes get a handful of cheaper options to switch
Gabi will also instantly tell you if you currently have the cheapest policy possible. It’s that easy to save up to $825 a year on car insurance using Gabi!
4. Save $240 On Groceries With This App
While food coupons are an excellent money saver, remembering to use can be difficultWith the online coupon app Ibotta, you can easily access all your coupons in one place without having to clip them from a coupon book (win)!
Simply sign-up for Ibotta and browse the app for the coupons that make the most sense for you. Then, just go to the store and buy those items, making sure to save your receipt. That’s when you’re going to want to scan your receipt with the Ibotta app so you can get cash back within 48 hours.
The average Ibotta user saves $240 a year, so this is definitely worth your time.Get started with Ibotta today and start saving.
5. This Nonprofit Will Actually Pay You To Save Money
One of the first money management lessons that we are taught is to save money for the future. Unfortunately, good money habits are hard to form, especially when you’re living paycheck-to-paycheck. Well, what if we told you you could get paid to save? Bet that got your attention. Good, then let us tell you about Saverlife, a nonprofit that’s helping nearly 200,000 people across America save more money and is paying them to do it.
- When you sign up, you’ll earn points for taking actions to improve your finances, like saving money, reading helpful articles, and using budgeting tools.
- When you earn 250 points, you can redeem them to play Scratch & Save. Scratch & Save is SaverLife’s digital scratch card game.
- Every time you play, you could win $5. SaverLife announces 200 winners for this game every week!
To start saving and earning with SaverLife, all you have to do is go to its website, sign up with your email and connect your PayPal or bank account by logging into it through the website. SaverLife will then track your savings from there and reward you as you meet its weekly and monthly goals. With support like this, saving money will become your new hobby.
6. Get Up To $3 Million In Life Insurance For A Super Low Monthly Cost
People are rushing to buy life insurance right now to protect their family. Some options are definitely better than others though. With policies issued by MassMutual, a leading insurer with 160 years of experience, Haven Life is an insurance provider you can trust. It offers 10-, 15-, 20- and 30-year terms with coverage up to $3 million. You could get a $250,000 policy for a 20-year term starting at just $14.99/month. Apply online right now in less than 30 minutes (without a medical exam if you qualify).
Whatever rate you settle on during the application process will remain the same throughout the duration of your term (many traditional insurance companies increase your rate as you age) and in the event that you fall terminally ill, you can access a portion of your policy early.
Getting a policy with Haven Life also means having access to these three services for free:
- Trust & Will – an online service that helps you create a legally valid will in 10 minutes, which you can update anytime
- Aaptiv – A yearly subscription to this fitness app that comes with thousands of workout routines
- LifeSite – A secure online vault for storing and managing your family’s important documents
7. Play These Free Scratch-Offs And Stop Wasting Money
We love a good game of chance as much as the next person, but constantly spending money on lottery tickets or scratch card games isn’t the most effective way to make money. We’re not here to try to get you to stop, but we are gonna tell you a way to keep the fun going without spending a fortune over time — Lucktastic.
Lucktastic is a free app that offers free daily scratch card games that can score you some serious cash and the app’s tokens, which you can use to enter contests. We know what you’re wondering: Is it legit? Well, 220,000 people have already scored major rewards with the app.
The app adds new games every day so there’s always a chance to win, plus consecutive days of game play will earn you daily rewards ranging from bonus tokens to contest entries. Lucktastic’s biggest scratch card cash prizes are $5,000 and $10,000. The biggest content it has going on right now is its $1 million Crack The Safe Contest, which only require 100 points to enter.
When your account balance is at least $2, you can cash your winnings in for cash or gift cards (to places like Amazon, Walmart and JC Penny). If you have a balance of $10 and up, you can get your money mailed via check.
8. Read You Card Statements Thoroughly Every Month
So many people don’t read their credit card and debit card charges thoroughly every month. Not doing that means you could mistakes charges that are costing you money. It also means you might miss recurring charges that are costing you money unnecessarily. Make it a point to read your statements every month, and you’ll be sure to save money over time.
9. Protect Your Things (And Your Budget) With Insurance
While you may love your Apple Macbook, so do would-be thieves, who would just love to swipe the $1,500 gadget from you at the gym, or out of your bag. It was expensive enough the first time, you don’t want to have to replace it!
Thankfully, by paying for renters insurance with Lemonade that starts at just $5 per month, you no longer have to stress about that. Lemonade allows you to invest in the things that you love from a Macbook to a favorite pair of sneakers to a vintage guitar, and if they get stolen or damaged in your home, they’ll be covered. The best part? Lemonade covers your stuff outside of your home, too. Consider it a massive security net for your budget.
Lemonade is markedly cheaper than its competitors to boot—on average cheaper by $145 a year.
10. Cut Up To 30% On Your Electricity Bill By Going Green
There aren’t many options to lowering your electric bill so discovering one can literally feel like finding Excalibur. Arcadia Power is basically your sword in the stone. It’s working to increase demand for renewable energy sources and save people money in the process.
Once you sign-up for a free account with Arcadia Power, 50% of your electricity is collected from renewable sources. If you live in a state where energy industries are deregulated then Arcadia Power’s Price Alerts feature automatically finds lower energy rates in your area. So not only are you being good to the environment, it’s being good to you.
11. Change Where You Bank So Your Money Is Safe From Hidden Fees
Juggling various financial obligations, needs and goals is always tough. The last thing anyone needs to worry about losing their money to hidden fees being charged by their banks.
Banks make billions of dollars in fees every year — account maintenance fees, overdraft fees, transaction fees. Basically, whatever service a bank provides, there’s typically a fee associated with it one way or another.
Let’s call it as we see it: This is just dumb.
When you bank with Chime you won’t have to worry about hidden fees eating up your hard-earned money.
Here’s why we love it, and a few reasons why it might not be right for you.
- Chime accounts have no minimum balance fees, monthly fees or foreign transaction fees
- It has more than 38,000 fee-free ATMs via Visa Plus Alliance and MoneyPass
- Gives access to your paycheck up to 2 days early when you set up direct deposit
- Allows you to save money towards your goals with automatic round ups on purchases made with the Chime debit card
- Chime doesn’t offer joint accounts
- There are ATM fees when you choose an out-of-network ATM
- Chime doesn’t offer personal checks, though it can send one on your behalf
If a Chime bank account sounds like it would be a game-changer for you (and it would be for a lot of people) make a $200 deposit, and get started. It only takes two minutes to sign-up.
12. Play Games And Save At The Same Time
Earning free gift card playing mobile games sounds like a dream for most people – Mistplay (download for Android) makes that dream a reality.
Mistplay is an Android game platform app that lets you earn rewards for playing new games. Those points can be redeemed for awesome gift cards from Amazon, VISA, Target and more.
Just download the Android app choose a free game from your “mixlist” and start earning units. The more you play, the more you earn! It’s a simple idea that can result in a big payday for mobile game lovers.
13. Stop Letting Mistakes On Your Credit Report Cost You Money
A lot of people have mistakes on their credit report and don’t even know about them. In fact, according to a 2013 FTC study, one in five Americans have an error on at least one of their three credit reports. And those mistakes are costly. Clean them up, and you can save a lot of money.
Repairing damage on a credit report can be a long and taxing process, but the credit repair service Dovly will work as your own personal credit repair assistant to identify and rectify any inaccuracies negatively impacting your score.
Here’s how it works:
- Get access to your credit score and downloadable credit reports from up to three major credit bureaus to compare in one place
- Select items on your reports that you want to dispute and Dovly’s software will take care of the rest
- Monitor Dovly’s progress on your disputes right through your account portal
Dovly user Wally said of his experience: “I had been fighting to remove a collection that wasn’t mine for over a year. [Dovly] got it done in about a month and removed a couple of other collections which were questionable.”*
Many Dovly customers see results in one to six months and customers experience an average improvement of 50 points on their scores.
Whether you’re just starting to build credit, looking to improve it, or just want help maintaining the good place yours is in, Dovly is a major asset to managing your credit score. And as we all know having a good credit score is key to be financially healthy and ultimately saving money on things like loans, rent deposits and more.
Dovly is available in all states except for GA, ID, KS, ME, and MN.Fix the mistakes on your credit report now. Don’t wait.
14. Take One 15-Minute Survey And Get Free Stuff For A Year
Most survey companies require that you continually take them to earn, but Shopper’s Voice does things differently.
They’ve been a leader of providing consumer information for more than 30 years and all you have to do is take one 15 minute survey a year and Shopper’s Voice will send you free samples, coupons, and special offers all year long.
By sharing your thoughts once a year you will play a key role in shaping how your favorite brands, products, and services are developed and improved.
Another perk? Once you take that survey, you’ll be entered into Shopper’s Voice’s sweepstakes where you could win 1,500!Become a Shopper’s Voice member today.
15. Bank With This App and Win Cash While You Save
Wouldn’t it be easier to save if banking were actually fun? Long Game rewards you for everyday spending and saving with games you can play for cash prizes up to $1,000,000.
Here’s how it works; download the app, set up an account and get a full banking experience with an FDIC-insured savings account and a Visa debit card. You earn interest on your savings, plus every time you use your debit card it rounds up to accelerate your savings.
The magic is that the more money you save the more games you get to play in the app. The concept is called “Prize Linked Savings” and means using cash prizes to help people to achieve their financial goals. With Long Game you can play fun, easy games in the app and win real cash (or even crypto currency!) to keep you motivated to save more.
To get started you’ll get 500K free Coins when you set up your account, and up to 2M more when you deposit into your account and start using your card.
16. Get This App To Cut Your WiFi And Cable Bill
Certain bills creep up every year if you’re not paying attention. Regularly negotiating your bills can help you keep the services you value at a rate you can afford. But let’s be honest, we’re not all pros at negotiating. Which is why thankfully there’s Billshark.
Billshark is an app with real people, called Sharks, working behind the scenes to negotiate monthly bills on your behalf, and they take their title seriously. The Sharks have an 85% success rate negotiating cable, wireless phone, satellite TV, internet, satellite radio, and home security from a huge number of national companies. The average savings they are able to find for people is between $300 to $500 per bill per year.
And the best part? If you don’t want to download another app or link your bank account, you don’t have to. You can easily upload your bills to Billshark via their website or email.
Download the Billshark app to see what bills the Sharks can negotiate for you.
17. Make It A Point To Give Up One Expensive Habit
Even the most frugal among us have at least a few expensive habits that we could do without. Just pick one to think about giving up — be in shopping for fast fashion every now and then, getting a manicure, takeout, big spending on a pet — whatever one of your things is. Then just give it up for a few months and drop that money into your savings. It could make a big difference.
18. Here’s How To Turn Your Receipts Into Gift Cards
Most people just throw away receipts when they get them. That’s a big mistake, though, because Fetch Rewards can turn your receipts into gift cards.
It’s super easy to earn free gift card for shopping with Fetch Rewards without clipping coupons. Here’s how it works:
- Download Fetch Rewards
- Snap a picture of your receipts and the app will comb through it for participating products. Any eligible purchases you’ve made score you points.
- Redeem your points for free gift cards to your favorite grocery stores like Whole Foods, Walmart, Target and hundreds of other retailers like Amazon, Sephora, and Nordstrom.
Sign up today and use code TMMLOVESYOU to get 2,000 bonus points immediately when you upload your first receipt. This is free money, people!
19. This Has Got To Be The Easiest Way To Save Thousands On Your Credit Cards
For a lot of people saddled with huge amounts of credit card debt, consolidating may be the key to getting on the right financial track. Credible is one of the best first steps to find out what options are out there. It’s an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real-time.
Using Credible, you can compare rates from multiple vetted lenders in just two minutes. From there, you will be able to figure out if you can reduce the amount of interest that you are paying on your credit card debts.
Credible is so confident in its rates that they’ll give you $200 if you find and close a loan with a better rate elsewhere.
There aren’t that many steps you can take to immediately shave thousands off of what you will ultimately pay your credit card company.
20. Prepare For The Fact That Anything Can Happen: Protect Your Income From Life’s Curveballs
What would you do today if for some reason you were unable to work? Do you have enough money tucked away that could hold you over until you got back on your feet? Or maybe a passive source of income you could rely on? Don’t have an answer to these questions?
So many people get caught up in making enough money to pay the bills they forget to make backup plans for life’s curveballs like getting sick or injured.
The thing is, not all jobs provide disability insurance, and even if they do, they usually have major limitations.
Disability insurance is normally insanely expensive, but a new company called Breeze is changing that.
This completely online insurer makes it possible to obtain affordable and comprehensive coverage in 15 minutes. Just fill out a simple form, providing information about yourself and details about your occupation, select the coverage you’d like and apply. If you instantly qualify, you’ll get covered right away.
Plans start as low as $9 per month with benefit amounts ranging from $500 to $20,000.
Whatever your industry, your livelihood is not something to gamble with.
21. Shave Thousands Off Of What You Ultimately Pay On Your Student Loans
If you have private student loans (the key here is private) there may be an option to shave thousands off of what you ultimately pay on them. Because private student loan borrowers usually first take out these student loans when they have a limited credit profile (as young adults, starting college) they are treated as high-risk borrowers by lenders initially. But a person’s situation might have changed dramatically since graduating and entering the workforce.
In plain English: If you have good credit, a decent paying job, and have graduated, you are likely a prime candidate to refinance. Stop paying high interest rates you had no choice but to agree to back in the day.
Credible is a great resource to start your refinancing search. The online marketplace allows you to easily compare and contrast rates and options from multiple borrowers at once. You’ll also get actual rates in just two minutes (a lot of comparison sites promise this, but then don’t deliver).
See what options are available to you with Credible now and set yourself up to save big.
22. Put Saving Money On Automatic Pilot
It’s so hard to save fast enough for the things you really want after all the bills are paid. What if there was a better way where you could save money without even trying? Well, we have a little hack that makes stocking away money much easier than you might think: Digit.
Digit helps you save money effortlessly. It works very differently from other saving apps by analyzing your spending and automatically transferring small amounts of money throughout the month into a savings account so you don’t even miss the cash.
All you have to do is sign-up, create a “savings goal” and watch your fund build in the background. The cash is always accessible, so the risk is absolutely zero. Getting to your goal is going to be much easier than you might think!Not convinced? Try it for free for 30 days!
23. Get A Free Personalized Financial Plan In Just Five Minutes
When it comes to meeting your financial goals, having an actual financial plan is crucial, especially right now.
Things are tough right now for a lot of people, but with careful planning, it’s still possible to achieve your financial goals and meet your other obligations too.
Thankfully, Savology can help you create a personalized financial plan for free.
- Take Savology’s five-minute survey so it can get an understanding of your personal finances and create a free Savalogy account to access your detailed financial plan
- In it, you’ll get valuable insights into the various aspects of your finances — insurances, debt, retirement planning, estate planning and more
- A report card breaking down how well you’re doing so far
- Action items (prioritized steps) to help you improve your personal finances.
Savology doesn’t ask you to provide personally identifiable information like your last name, social security number, date of birth, or phone number, and the information you do provide in order to get your finical plan will never be shared or sold to third parties.
24. Use This Hack To Never Pay Sticker Price For Flights Again
We’ll let you in our little secret for dreaming big when it comes to travel, but spending as little as possible — Scott’s Cheap Flights. They search hundreds of routes every day and email you when there’s an amazing deal departing from your airport. You can end up saving 90% on domestic flights because of this email, which even comes with mistake fares and rare deals, which is where the crazy bargains come in. It’s also those deals that make using Scott’s Cheap Flights that much better than just searching Kayak or Expedia for deals.
Most flights are one-stop or nonstop on reputable airlines like Southwest, United, Delta, American, Alaska, and jetBlue, and they don’t send deals on flights on airlines that charge a ton of extra fees as a rule.
Deals are for flights 2-10 months in advance, so you can use it to plan ahead too for things like holiday travel.
Their premium plan comes out to just $49 for an entire year (and amount you’ll probably make back on your first flight). Sign-up today and you can get two weeks free, to see just how amazing this newsletter is.
25. Don’t Try To Guess An Answer To A Financial Problem — That Guess Could Be Really Costly
How many times have you had a question about your financial life — be it unemployment insurance, paying for healthcare, retirement planning — and not known who you could ask.
It can be really costly when you make the wrong financial move as we all know, which is why getting to an expert for an answer is so important.
We are pretty obsessed with the site Finny for this very reason — it’s the place to get your money questions answered. Go to the site and ask a question about finance or investing. The Finny bot will try to answer it, but if it doesn’t know the answer, the Finny Coaches will get called in to answer it. They are the big guns, and real experts.
Questions are kept completely anonymous, so feel free to ask whatever is on your mind. And, beyond the ability to ask questions, Finny has a number of guides to help people navigate money and investing.
Here’s the best part: The basic version of Finny is completely free. You can also access premium content and on-demand answers from Finny coaches for just $8.25 a month (if you’ve ever made a financial mistake because you didn’t know better, you know what a good deal this is).
26. Clear Your Browsing History
You can save a lot of money if you just remember to clear your cache and browser history before you buy something. Companies your searches based on your cache and history and often raise prices with this information. Particularly with airline tickets you can save a lot of money just doing this one thing regularly.
27. Here’s A Hack For Saving Every Time You Shop On Amazon
You might think you are getting the best prices when you shop on Amazon, but I am here to let you in on a little secret: you aren’t.
Even if you are doing your best to browse online for the best deals on Amazon, there are hidden deals that are really difficult to find without the right help. To add insult to injury, usually when you shop on Amazon, you just assume you are getting the best prices, but some of the time you just aren’t. Not even close.
Here’s what to do: Download Wikibuy (it literally takes one minute). Because Wikibuy is a browser extension, it will automatically appear on your web browser while you are online shopping to alert you of a better deal. But, one of our favorite features of using Wikibuy is that it will even alert you automatically when you could be saving on an item within Amazon by buying from a different seller.
Beyond alerting you to better deals within Amazon, it alerts you to better deals outside of Amazon. For anyone and everyone who does a lot of online shopping — particularly on Amazon — this is a must download.
28. Try To Wait Till The End Of The Month To Make Big Purchases
You can potentially save a lot of money if you wait to make a big purchase till the end of the month — think a car. That’s because sales reps often have quotas to meet every month, and they are going to be more willing to cut you a deal at the end of the month.
29. As A Rule, Don’t Emotional Shop
Breakups are tough… and so is the bill at the end of an emotional shopping day. Instead of grabbing your wallet at the end of a bad day, grab a bar of soap and take a bath to decompress rather than max out your credit card. And yes, this tip is for both men and women.
30. Walk, Bike, Carpool
Try and choose the transportation method that is going to cost you the least amount of money. If you live close to work, opt to walk or bike rather than taking your car and spending gas money. If that’s not an option, why not carpool with some co-workers. The savings will start to add up almost immediately.
31. Ask Your Landlord For A Rent Discount
In trying times, it never hurts to ask for discounts. Given rent is usually everyone’s biggest expense, even a small percentage change can add up to a big saving in the long run.
32. Here's How To Save On Your Credit Cards -- And It Takes 5 Minutes
Not many people know that if you call to ask for a discount or payment delay, many companies will actually give it to you. After all, it’s in everyone’s best interest.
33. Stop Saving Your Payment Information On E-Commerce Sites
There’s a reason e-commerce sites allow customers to save their payment information–it makes checking out easier and people are more willing to part with their money. Make parting with your money harder as a rule. By not saving your payment information on e-commerce sites, and making it harder to check out, you’ll be more likely to not buy something, and more apt to save money.
34. Make A Vow To Never Pay A Late Fee Again
Paying late on rent, your credit card or a medical bill is going to be mean extra fees. Do whatever you can to pay bills on time to avoid these fees. The payoff will be huge.
35. Actually Sit Down And Make A Budget (Like, Now)
It’s a classic piece of advice, but it is also one of the most effective ways for you to keep your savings account from springing a leak. Take an afternoon to yourself and really work on making a budget that works with your lifestyle. Then do whatever you have to do to stick with it.
36. Cut Your Own Carrots
And pineapple. And mango. And red peppers. You get the point — its more expensive when you buy precut fruit and vegetables. So do yourself a favor, get out a knife, cut your own fruit and vegetables, and save some cash.
37. Swapping Clothing > Buying Clothing
Rather than heading to the mall and spending a ton on new clothes, host a clothing swap with your friends and family. Bring clothes you are willing to part with and exchange them for some new threads without spending a penny. You’ll also win some brownie points with your friends for organizing.
38. Take Fancy But Most Importantly Free Fitness Classes
Whether it’s spin, pilates, or yoga, fitness classes are an excellent, but very expensive method of getting fit. Thankfully, most fitness studios offer discounted or free classes for first-time visitors. If you take the time to source them out, you will have a pretty robust list of free fitness classes to take advantage of.
39. Stop Buying Gifts Completely
Birthdays and holidays may be fun, but they often come with the expectation that you spend a lot of money buying gifts for people. Cut down on those gift prices by DIYing your presents. Knit a scarf, mason jar some granola, just make something that shows you made an effort while also saving money. Over time that’s money in your savings account.
40. Make Buying In Bulk Your Thing
It may not seem intuitive, but the more of an item that you buy, the less you are going to end up paying in the long run. Get yourself a Costco membership, or a membership to another wholesaler, and take advantage of buying in bulk. Live in a small space? Partner up with a few friends to go in on buying bulk toilet paper, chips, and more to reap these savings.
41. Stop Buying $5 Coffee Every Day
That half-caf soy milk latte is not worth the five-plus dollars you are paying for it every day. A much better investment is to brew your morning joe at home and if you want to be fancy, buy yourself a milk frother so you can DIY your own latte.
42. Buy Generic Whenever Possible
Especially when you are shopping at places like Walgreens and CVS, look to buy the generic brands of products. They are always cheaper, sometimes even by a few dollars. Do you really need to spend a few extra dollars on name brand toothpaste? We didn’t think so.
43. Be Patient For Sales
This may seem obvious, but for impulse shoppers, it’s important to remember – there’s always another sale coming up!
44. Leave Your Wallet At Home
If you are taking a walk, picking up a delivery, or just stopping by a friend’s house to say hi, try and leave your wallet at home so that you won’t be tempted to stop and part with your hard-earned cash. If you don’t have any money on you, how can you possibly spend?
45. Start Living For Happy Hour
There is a reason it’s called a Happy Hour: because people are happy to be having their favorite cocktail for half-price. Try and always take advantage of happy hour so you aren’t spending an arm and a leg on regular full-priced cocktails. Hunt down the happy hours with free food, so you can double up the savings.
46. Seriously Assess How Much You Are Paying For Your Phone Every Month And Cut Back
I think we can all agree that a phone is a 2019 necessity, but is it also necessary to spend almost $100 a month on your phone bill? I think we can all agree that’s a hard no. One of our favorite options for dramatically cutting back on the dreaded monthly phone bill is to a budget carrier such as Mint Mobile or Cricket.