How to Save Money – Top 20 Tips for Saving Money

How to Save Money – Top 20 Tips for Saving Money

How to Save Money – We all need to save money even if we don’t want to admit it! Choosing different options can help you in the long run! Save a little now and you could end up in a way better financial situation in a few years!


Inflation goes up all the time.

Salary increases do not! Everyone needs a little help saving money.

ALSO READ: Top 10 Additional Tips for Saving Money


With some of these practical tips to saving money you are sure to find a little extra every month to put into your savings!

Here are some practical tips on how to save money!

  1. Change your attitude to your home loan! Buying a home is the most expensive thing you’ll ever own – so make sure you get the best home loan when you do! Shop around and find the best offer! Always try and pay off a little extra each money and you will save in the long run!
  2. Clear your credit card debt as soon as possible! Credit cards may be convenient but they charge you a fortune in interest!
  3. Do everything you can to reduce your electricity bill in the home! Small changes can make a big difference in the long term.
  4. Consider a pay-as-you-go cell phone option rather than a contract! Do you really need a contract phone with all of the bells and whistles?
  5. Make a shopping list and stick to it!
  6. Beat the supermarkets by shopping at local markets!
  7. Consider different brands and own-brands!
  8. Don’t buy designer labels!
  9. Sell your clutter!
  10. Use your talents, creative skills and abilities to earn extra cash!
  11. Do your own DIY rather than paying someone to do it for you!
  12. Shop around and find a cheaper household insurance!
  13. Choose a cheaper breakdown insurance – there are more than one option available.
  14. Make sure you aren’t paying too much on your life insurance!
  15. Always book early! Most airlines and hotels offer discounted rates if you book well in advance!
  16. Put together your own holiday package rather than buying an off-the-shelf option – you will save money
  17. Learn to say NO! Do you really need it?
  18. Don’t try and keep up with the Joneses!
  19. Consider down-sizing your car! Save on fuel costs! Save on mechanic fees! Save Save Save!
  20. If you aren’t using it – cancel it! If you have a gym membership you never use – then cancel it! If you are part of a club – but never attend – cancel it!!

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