Hoping to save hundreds of dollars at the end of each month doesn’t just have to be wishful thinking. It can be your reality.

When you live within your means and implement strategic steps throughout to be economical, you’ll be successful in restoring a balance between your income and expenses.

From the 50-30-20 rule to the 70-20-10 rule, there are various guidelines you can follow to ensure you are saving money every month. Even if these rules don’t appeal to you, you can create a savings goal that governs how you tackle money matters.

Here are 6 ways to save money regularly.


Have a Budget

Having a budget is a constant reminder of how much you are allowing yourself to spend.

It’s even better if you have it expressly written or mentioned somewhere like in your bullet journal or yearly planner. Because chances are that if your budget is just a thought in your head, it’s much less concrete, and you may at times not abide by it. That’s just pure human psychology.

So make it a point to plan out your budget and curb your spending as much as you can. Budgets can be set weekly, monthly, quarterly, or annually. But, in the long run, you should attempt to have yearly budget goals.

Shop For Immediate Needs & Wants Only

For starters, differentiate between your needs and wants. This will help you determine what are some areas that you can cut back on your expenditure.

Take a look at your spending patterns. If you have the habit of buying things for the future, then try to eliminate that. Only spend on what you’ll be using soon after (this, of course, doesn’t apply to bills or repayments).

In the sense that, do grocery shopping for the next couple of days instead of a whole week. It’s better to buy groceries as and when you need them rather than having food go to waste because you changed your mind mid-week.

Similarly, clothes or luxury buys that you are not going to use in the immediate future can be re-routed to your wishlist. All these conscious choices will enable you to limit wasteful spending. 

Save the Change

The idea here is to put aside every spare change or penny that remains in your pocket after a cab ride, a trip to the mall, or a grocery store. You might wonder how that would make a difference. After all, it’s just chump change. 

Even if it seems futile to you, do it anyway. As the saying goes, “little drops of water make the mighty ocean”.

With all the spare dollars you’ve managed to set aside in a safe or an at-home coin bank, in a couple of months, you’ll definitely have significant cash stored up. 

Avoid Late Fees

Banks and service providers usually charge a percentage as a late fee if you miss the deadline for paying your bills or renewing premiums on insurance.

Set reminders on your calendar to ensure that these payments are taken care of well before the deadline so that you can avoid paying unnecessary fees. The smallest of late payments can amount to cash that would’ve funded your next grocery shopping. 

Lead a Sustainable Lifestyle

Sustainability guarantees that you are utilizing resources efficiently. If that is not a money-saver, then we don’t know what is!

From minimizing energy used by home appliances to carpooling, there are several ways you can save money while also improving your carbon footprint.

Did you know that Americans spend nearly $5.7 billion per year on paper towels at home? Imagine how much money you can save if you chose to opt for cloth towels instead. 

Splurge And Save

Treat yourself to an accomplishment. It’s only right to celebrate your victories. But here’s how you can appease the future-you even when you withdraw that $100 for a night out.

Match the amount you spend on these splurges with what you set aside for a rainy day. So if you spend $50 on a dress, put $50 into your savings account or emergency fund account. What you should keep in mind here is that both of these are meant to benefit you.

This way, you get to enjoy your hard-earned money while also developing a consistent saving habit. 


These are 6 of the most common money-saving tips that people vouch for.

Sometimes, it may take you a while to get accustomed to certain habits or a change in your mentality. But once it takes root, you’ll find yourself saving a lot more money than you used to.

We hope you can incorporate at least a few of these tips in your life and attain your money goals.