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49 Genius Money Saving Hacks That Are Perfect For Anyone On A Tight Budget

Ashley Rogers
February 12, 2019
Some of the links in this post are from our sponsors, and we might earn a commission if you click on one. We are letting you know because, as our grandmother taught us, an honest penny is better than a stolen dollar. Now, back to filling up your piggy banks.

Saving money is more than clipping coupons and opening a savings account. There are hundreds of hacks that can help you to squeeze a couple more dollars out of your earnings. Here are some of our favorite and most creative ways to save money.

Some require a lifestyle change, and some are so easy that you are going to wonder why you haven’t been doing them all along.

1. See How Much Debt Consolidation Could Save You

Debt consolidation is an incredibly easy way to save money and isn’t as complex as it sounds. All you’re doing is borrowing money at a low-interest rate and using it to pay off high-interest debt. That means your monthly interest repayments go down and there’s only one bill to pay each month. Simple but effective!

If you want to see your how much debt consolidation could save you, check out Fiona. Fiona lets you search all the top online consolidation and refinancing options for free. You can sign up in three simple steps. The best part? It is completely free to use. No gimmicks, no hidden fees.

The loans offered are between $1,000 and $100,000, lasting between 24 and 84 months. Rates start at 4.99% and people with a credit score of 660 or above get much better rates.

2. Find And Cut Forgotten Subscriptions

One the easiest (and worst) ways to waste money is to lose track of where your money is going. Staying on top of your bills, though, can be full time job.

Enter Truebill, which will automatically pull together every bill that you are paying for by analyzing your bank account and credit cards, so you can easily keep track of things in one place. Notice a subscription you are paying too much for? Truebill will cancel it for you. What about a cable bill that has been steadily increasing over the last few years? They will take on negotiating it down for you.

Knowing where your money is going and then reacting will add up to big savings over time!

Cut your unused subscription using Truebill

3. Cut Back Dramatically On Your Food Budget

While food coupons are an excellent money saver, they can be difficult to actually remember to use. With 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.

4. Think About Consolidating Credit Card Debt

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 are able to compare rates from multiple vetted lenders in just two minutes. From there, you will be able to figure out if you are able to 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.

What are you waiting for? Stop letting your credit card debts get the best of you thanks to Credible.

5. Save $329 on Bank Fees Per Year by Switching Banks

Sometimes it can feel like your bank is out to get you with all the overdraft and service fees they tack on.

If you’re sick and tired of paying banking fees (and who isn’t), you need to try out Chime the mobile bank which guarantees it will never charge its customers a single fee. Say good-bye to overdraft fees, minimum balance fees, service fees, foreign transaction fees, and transfer fees forever when you move banks.

Unlike traditional banks, Chime operates fully online and doesn’t have any physical branches. That means something amazing, that they are able to offer 100% fee-free banking. Just imagine actually liking your bank because they aren’t out to rip you off.

They also have some of the best features we have ever come across from a bank:

  • Automatic Savings feature – saves you money by rounding up your transactions to the nearest dollar and then transferring the change to your Savings Account. It’s a dead-simple way to save.
  • Get your paycheck two days early when getting paid via direct deposit. If your fridge is bare right before payday, those two days are huge.
  • SpotMe – Chime will “spot” members up to $100 when their balance is low without any overdraft fees.

Excited yet? Click here to sign up to Chime now and get the bank account you deserve.

Open a Chime account and save up to $329 a year

6. You’re Wasting $720 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 deals for you. It’s so good at doing this that the average customer will save $720 a year on car insurance.

To find out if you are currently getting ripped off on car insurance:

  1. Connect your existing insurance policy
  2. Provide your driver’s license
  3. Within minutes get a number 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 $720 a year on car insurance using Gabi!

Save up to $720 a year on car insurance using Gabi

7. Master The 10-Second Rule

This is the ultimate savings hack, but every time you are about to purchase something pause for 10-seconds and really think about whether you need something. Just these 10-seconds will help cut back on the worst kind of impulse shopping.

8. Take Control of Your Credit Score (And Save Money In The Process)

From higher interest rates on loans to being unable to rent an apartment, a bad credit score can cost you a lot. Working to maintain a good credit score goes a long way in saving you money, and the place to start is actually monitoring your credit score.

Want to find out your credit score before it’s too late? Sign-up for Credit Sesame and find out your credit score immediately. It only takes 30 seconds! Credit Sesame will start monitoring your credit score for you so there are no more surprises! It is 100% free to join so you have nothing to lose!

Sign-up for Credit Sesame today and get ahead of any potential problems by knowing your score.

9. Start A DIY Investment Portfolio

It’s impossible to get ahead financially just by saving, and because of that it’s critical to start investing your money in order to grow it. With Stash you can start investing in the stock market with just $5. Stash allows you to buy a fraction of a stock or an ETF instead of having to invest in a whole share.

Starting with $5, you can work with Stash to build an investment portfolio that reflects your interests, beliefs, and goals. By investing just $5 a week, and assuming your portfolio grows by an average of 5% per year (a pretty modest growth rate), your portfolio will be worth a staggering $17,274 in 30 years.

Get a free $5 when you open a Stash Account and have a brokerage account approved!

Start investing with just $5 using Stash

10. Save Money Without Trying

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 trying or realizing? Well, we have a little hack that makes stocking away money much easier than you might think: Digit.

Digit helps you save money without trying. 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!

Effortlessly save money using Digit

11. Save On Rent By Turning Into Your Own Landlord

You’re likely well aware of how much AirBNB has changed how people travel, but did you know just how big of a moneymaker it is for people renting out their homes or spare rooms? According to Priceonomics, hosts on Airbnb are earning more than anyone else in the gig economy and are raking in an average of $924 a month. Now, you’re probably thinking, there is no such thing as easy money, especially an easy $924 a month, but AirBNB makes it so darn easy to get started.

They help you calculate how much you should be charging, for instance, so you can optimize how much you make. They also hold your hand through the process of creating an attractive description for your listing. Rent can be a huge budget suck, but this is a great way to cut back on the cost.

Sign-up to be an AirBNB host, who on average make $924 a month

12. Save Thousands On Your Student Loans

At this point, student loan debt is a rite of passage in America. It’s nearly impossible to avoid, but with the Credible on your side, it’s actually very possible to eliminate.

Use the website to compare interest rates and lenders so you can find the best option for student refinancing.

I know this can be a bit confusing so let me break it down for you: Refinancing means you’ll be able to adjust the repayment terms and the interest payment on both your private and federal student loans by taking out a new loan to pay off some or all of your student loans.

Answer questions about your education, income and other personal information, and in just two minutes, Credible will whip up a personalized rate from one of 10 major lenders. If it turns out you don’t qualify for refinancing or consolidation, recruiting a creditworthy cosigner can improve your chances to. You want to know the best part? Credible is completely free to use and submitting a request to compare options doesn’t affect your credit score.

For so many people, student loan debt means postponing owning a home, the freedom to move around in your career, and a full host of other issues. It’s time to stop letting your student loan debt hold you back.

Check how much you could save on your student loans now

13. 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.

Sign-up for Lemonade today

14. Negotiate Down Your Biggest Monthly Bills

We are here to let you in on a little secret: you are probably wasting money on your cable bill.  The dirty little secret cable operators don’t want you to know is that these bills can be negotiated.

Truebill is the ultimate hack for dealing with this — and making sure those bills take a smaller chunk out of your budget every month. Connect your bills to Truebill either online or by snapping a photo of one.Then, Truebill expert negotiators will try to lower your bills by finding hidden discounts and promos for you(they never downgrade or remove services, either, to help you save money, so no need to worry about that). And that’s it, chances are they’ll find you some serious savings.

Slash your monthly bills with Truebill

15. Get Cash Back Even When Using A Debit Card

Drop is literally the easiest way to save money. With Drop you can turn your everyday spending at your favorite store into points and cash rewards.

You don’t need to lift a finger to save either. Get started by signing up here, then just link the debit or credit card(s) you use to shop. That’s really it. You set it up then continue with your normal life and earn points every time you swipe your debit or credit card. Once you earn points they can be redeemed for awesome stuff like Whole Foods, Costco and Trader Joe’s gift cards.

Get paid for swiping your debit card using Drop

16. 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.

17. It Never Hurts To Look Into All Of The Options, Too

Life insurance is so important and could ultimately be such a big saver for your family, so why not look into all of your options?

Haven Life is great option to explore. There’s an easy online application, and the approval process which normally takes one to two weeks takes just two minutes with Haven Life.

Haven Life is backed and fully owned by MassMutual, a leading insurer with over 160 years of experience, so you’ll be dealing with true experts when you work with Haven Life.

Take a look at what your rate would be with Haven Life instantly here and start protecting your family.

18. 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.

19. Protect Your Family With Life Insurance

Sure, most people get why life insurance is important. But they don’t get why applying can be so hard. Here’s the thing: It’s not. Bestow has radically improved the entire process making it essential for everyone with a family.

Bestow lets you get life insurance coverage of between $50,000 and $1 million in under 5 minutes. If you want to get a life insurance quote, it takes just seconds. There’s no invasive medical examinations or complicated forms – all the stuff that’s been causing you to put off getting it.

When you can protect your family’s future for the price of your morning coffee, you’ll be able to sleep better. Trust us.

Get a life insurance quote through Bestow in seconds

20. Only Save In A High Yield Savings Account

It’s always a good thing to be saving money, but if you are saving it in a low yield savings account (say, one with a .01% APY which is what most of the banks offer) you are making a big mistake with your money. Look around for an APY of 2% so you can ensure that you are using your money to make money.

21. 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. 

22. Check Your Bank Statement

Actually sitting down and looking at your bank statement can be a huge eyeopener in seeing where your money goes. Those bank fees (say goodbye to bank fees if you have a free Chime Bank account) and unused subscriptions (Truebill will cancel them for you) can add up fast.

23. Start Saving And Investing As A Couple: It’s A Game Changer

Twine encourages couples to strive for greater monetary success by saving together with competitive interest rates, guided tips and a streamlined interface. Unlike other platforms who offer similar features, Twine is all about saving as a team.

An initial deposit of $5 is all that’s required to start a savings account with Twine. Users can gradually increase their balance until they’re ready to begin investing it. Each account earns a variable 1.05% in interest. As soon as the account reaches $100, Twine allows users to transform their savings into an investment brokerage account. The potential to grow as a couple makes Twine a positive experience.

Start saving as a couple and sign-up for Twine today!

24. Cut Out All Of The Subscriptions You Are No Longer Using

Life gets busy and sometimes we forget that we are still paying for that monthly subscription to Reader’s Digest that we never read (or a gym membership, or a streaming service we never use). The AI automated app Trim tracks down all of your subscriptions for you so that all you have to do is select which ones to cancel to start saving.

Think about it–even if you are able to weed out just one subscription you are paying for monthly you could save upwards of $100 a year. That’s $100 that you could be using to build up your emergency fund.

Use Trim to weed out costly subscriptions you never use

25. 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.

26. Play Games While Saving Money

Who says saving money has to be akin to watching paint dry? The days of yawn-worthy banking are over thanks to the arrival of Long Game, an app that lets you play games, save money and earn cash and crypto rewards. Now you can have fun with your money while it builds into a healthy cushion of cash.

With the Long Game app, your money earns interest and stays safe because it is FDIC insured. Your money is also accessible at any time.

what are you waiting for? Sign-up for Long Game to have fun saving money while building wealth!

27. Scan Your Emails To Find Hidden Savings

All of those emails you have that are receipts of things you bought online? They might be worth actual cash thanks to Paribus.

That’s because once you sign-up for Paribus, it will scan your email for your shopping receipts and monitor for price drops on the things you have bought effortlessly.

If Paribus detects that there has been a price decrease on something you’ve bought, it will effortlessly file a claim for a price adjustment on your behalf so you can recoup the difference.

It’s completely free to use–you’ll get to keep 100% of your savings, so you there is absolutely nothing to lose from trying this!

Paribus compensates us when you sign up for Paribus using the links we provided.

Sign up for Paribus and get price protection on all your shopping!

29. 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.

30. Be Patient For Sales

This may seem obvious but for impulse shoppers it’s important to remember – there’s always another sale coming up!

31. 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.

32. 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.

33. 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.

34. Get Money Back Wherever You Shop Online

If you aren’t getting cash back every time you shop, we are here to tell you that you are doing something wrong, very wrong.

Here’s how to make sure you never make this mistake: Simply sign-up for Ebates, and then visit your favorite stores from Amazon to Nordstrom, via Ebates (this step is key). When you then buy something Ebates will then be able to process your cash back.

Of note: Every retailer available on Ebates offers a different amount of cash back, usually between 2 to 3%. Make sure to check the “Flash Cash Back Stores” tab on the site to find the special cash back offers (we’ve seen up to 22.5%)!

Get cashback when you shop online by saving for Ebates

35. 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. Don’t make parting with your money easy as a rule. By not saving your payment information on e-commerce sites, and making it harder to checkout, you’ll be more likely to not buy something, and more apt to save money.

36. 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.

37. 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.

38. Get The Absolute Most Back You Can On Your Taxes

If you select the wrong withholding amount on your taxes, you’re essentially giving the IRS an interest free loan. Understanding your personal circumstances and selecting the right withholding could net you hundreds extra a month in your savings account.

39. Use Those Free Gift Cards

According to, American’s have $45 billion of unused gift cards sitting around the house. Rummage through your draws and see what free money you have sitting in there.

40. 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?

41. Make Sure To Do This Earlier Rather Than Later

You can save a lot of money making certain moves earlier rather than later and one of the big ones is life insurance (which, by the way, most people don’t realize you can put to really good use while you are alive including using it to take out loans or for living benefits).

One of the best inexpensive ways to get life insurance is via Policygenius which allows you to easily compare quotes from multiple insurance companies in just two minutes. There are absolutely zero fees too so what you see is what you get.

A healthy 30 year old can get $1 million in coverage for under $30 a month!

That’s a massive amount of money that you’ll be able to put to use, so do this sooner rather than later!

Get a life insurance quote instantly with Policygenius now

42. Unplug All Of The Electric Devices In Your Home That Aren’t In Use

All of those electronics in your home that are plugged in but are also not on are costing you money. Yeah, that’s right, you are probably spending money right now on absolutely nothing. As soon as possible, walk around your home and unplug everything that’s not in use, and start seeing the savings on your monthly electricity bill.

43. Reduce Co-Pays For Prescriptions You Take Regularly

In order to decrease the amount you pay in co-pays for your prescriptions, ask you doctor to submit a prescription for a three month supply. In most cases, you will only have to pay the co-pay for one month’s worth instead of the full three months.

44. 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.

45. 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 a necessity to spend almost $100 a month on service for said phone? 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.

46. Play Games And Save At The Same Time

If you need a little extra incentive to start saving money (and who doesn’t) you are going to want to download Blast. Not only will you earn 2% on whatever is in your new Blast savings account (five times the national average), the app offers its users a pretty unique and fun way to build up an emergency fund.

Here’s how it works: Once you have downloaded the app, play games and complete missions and the app will reward you with real cash, thereby helping you earn and build your savings in small increments.

Via the Blast app you’ll also be able to compete on the Blast Leaderboard where the higher you tier, the better chances you have of winning $1,000 every week, so there are a lot of opportunities to earn extra cash to put towards your savings!

47. Stop Wasting So Much Money On 401(k) Fees

No one wants to still be working a 9-to-5 when they are 80.  Which begs the  question, when was the last time you checked your 401(k)? You likely haven’t lately because you don’t understand what you are looking at when you do (don’t worry, the confusing jargon and pie charts stump us all).

This is the year to take control of your retirement savings once and for all.

Blooom is a robo-advisor that does the work for you. It stays on top of your 401(k) plan and optimizes your investments  regularly. It helps you meet your financial goals without all the hard work. Get started with an entirely free analysis of your 401(k) plan so you can understand your investments and uncover unnecessary fees. For only $10 per month after that Blooom will optimize your investments and minimize what fees you pay.

Blooom’s median client saves a whopping $106 in fees just in one year. By retirement age, the median Blooom client saves a staggering $24,257 on hidden investment fees.

Stop wasting money on fees. Let Blooom manage your 401(k)

48. Try A Staycation And Save

Vacation inevitably eats into a budget, but wanting to save doesn’t mean cutting out time off from work. Instead of spending money going somewhere plan a fun staycation that involves binge watching old movies on the couch, making margaritas, and getting a massage (feel free to ad lib here) and both save money and get some relaxation in.

49. Cut Back On How Much Of Your Money Is Going To Taxes

The robo-adviser Betterment is one of the smartest ways to invest your money thanks to its low and transparent fees, and its track record of beating the typical DIY investor by 2.66%. But there is another big advantage of investing with Betterment: saving on your taxes.

Betterment is constantly thinking about ways to lower your taxes thanks to its automated advanced tax-saving strategies. It’s able to increase its users’ portfolio by an estimated 15% over 30 years. In other words, Betterment finds huge savings for its users focusing on cutting back their taxes.

Betterment requires a $0 balance to get started, so even if you are a novice investor don’t feel shy.

Instead of seeing all of your money go to taxes start investing with the help of Bettermenti

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