35 Simple Ways To Save Money Every Month

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You can save money every month in many ways. Here are 35 ways to save money each month and save thousands of dollars each year.

I love to find ways to save money every month as it means we have more of our money to do with as we please. Finding ways to save money each month gives you more money to pay off debt, save for a vacation, set for retirement, save for a new house or car and more.

The struggle many have is staying motivated to save money. It’s easy to think saving an extra $2o or $30 won’t matter, and the next thing you realize you don’t have the funds needed to do something you want.

If you need motivation to save more money, or simply feel you’re overlooking opportunities to save money every month, this post is for you.

I believe when you save money each month you help yourself financially. It allows you to accomplish many goals. If you combine it with making extra money you instantly multiply your progress and achievement. That being said, below are 35 ways to save money each month.

Not each option will apply to everyone – and it doesn’t have to. However, I believe it’s completely possible to take a small handful of the options and save hundreds, if not thousands, of dollars this year alone. If you’re looking for ways to save more money this year, it’s possible by following some of the below tips.

Try the 52-Week Challenge


One of the best ways to save money every month is through the 52-week challenge. If you’ve not heard of the 52-week challenge, it’s simple. You start out week 1 by saving $1. Week 2 you save $2, week 3 you save $3 and so on.

The plan is to add one extra dollar per week until you put away $52 the final week of the year. This alone will allow you to save $1,378 for the year. We’re already several months into the year, but you can still save a good amount of money.

Make it easy on yourself and automate the transfer so you don’t even feel it. You can do that with Barclays Savings and make at least 1.50% interest on your cash. You can open a Barclays Savings account with no minimum balance and earn a little something extra on your spare cash.

Total savings = ~ $1,100

Cut Cable


This is an easy one. I’ve written about how we canceled DirecTV (here are ways to cancel DirecTV if you’re under contract) and are now saving almost $90 per month. The average cable bill is now almost $110 per month.

There is no reason to spend this much to get television content as there are so many cheaper options available.

We use our Amazon Fire TV Stick and Netflix to get the shows we want.

**Additional tip: Love NFL football but don’t know how to watch your favorite team without cable? Here’s how to watch NFL games without cable and still catch all the action!**

There are many other options from Hulu to getting a digital antenna, to Sling TV or DirecTV Now that it just makes no sense to have a cable bill.

Total savings = $80+ per month

Ax the Gym Membership


Should you keep your gym membership if you want to lose weight this year? In a word – NO! According to Statistic Brain, $40 per month is wasted on the cost of the average gym membership.

You can lose weight without paying to join a high-priced gym. I lost 100 pounds on Nutrisystem and didn’t step foot in a gym. I walked and used free videos on YouTube. I’m proof it can be done without paying a lot of money to exercise.

Get Rid of Your Cell Phone Contract


Like cutting the cord, this is another easy way to save money each month. The average cell phone bill for Verizon and AT&T is almost $150. There is no need to spend that much.

We switched to a cheap cell phone plan and now save over $100 per month. You can get a plan with Republic Wireless for as low as $15 per month or Straight Talk for $35 just to name a few.

Total savings = $100+ per month

Stop Smoking


I almost can’t believe this number, but the average person spends $34 per month on cigarettes and other tobacco products, according to Statistic Brain. I’ve never been a smoker, but I just don’t see the appeal.

Not only will cutting smoking help you save money every month, but it will also help you save significant money in the long-term on medical bills by improving your health. That’s a win-win.

Total savings = $34 per month

Eliminate Food Waste


I hate food waste as it’s literally throwing money in the trash, but we all do it. The average person is responsible for $520 in food waste each year. When you have a family, that number just increases.

The easiest way we’ve found to combat this is to have a meal plan. It’s not a stringent plan, but we’ve been able to learn how much we really need to bring into the house and thus save money.

If a meal plan sounds overwhelming or not exciting, check out $5 Meal Plan. You get a free 14-day trial and they help start you out on forming meal plans that will save time and money.

Total savings = $500+ per year per person

Make Your Own Bottled Water


According to The Water Project, the average person spends $100 per year on bottled water. Now I know in some towns the tap water isn’t really that good, so this may not apply to everyone, but there’s no need to spend that on bottled water.

If you like to drink purified water, you can buy a water filter to get the same basic thing. You can even buy a Nalgene water bottle to take with you when you travel as you’ll recoup the savings relatively quickly.

Total savings = $100 per year

Negotiate Everything


I know many don’t feel comfortable negotiating. When you don’t, you overlook ways to save money. This can range from car insurance to Internet service to utilities. We regularly call providers to see what discounts might be available and easily save $250-$500 per year as a result.

Don’t know where to start? Just call each provider and eliminate any unneccessary charges. If you don’t want to do the work yourself, Trim, which is a free to use app, will negotiate bills for you and let you bank the savings.

Total savings = $250-$500 per year

Use Your Credit Card


Yes, a credit card can help you save money every month…if you use it right. If you’re in debt or struggle with spending, you should not get a credit card.

However, if neither is an issue for you, then you can save money with a credit card by taking advantage of sign-on bonuses or cash back – you can find many of those cards here. We personally financed over $15,000 in travel last year this way.

Total savings = $500 – $1,000 per year.

Cut Eating Out in Half


We enjoy eating out, but we rarely do it as it’s expensive. The average family spends $225 per month eating out. Cutting this is one of the simplest ways to save money each month.

That doesn’t mean you have to stay home to eat rice and beans but try by cutting it in half. You still get to eat out, but you save money.

Total savings = $110 per month

Cut Down on Youth Sports


We haven’t put our children in organized sports as we don’t want to overschedule them. The other reason is they’re expensive. The average family spends almost $675 per year on youth sports, with 20 percent spending over $1,000 per child – according to Turbo Tax.

There are many ways to save on extracurricular activities for kids, including sports. As with the eating out above, you can even cut the sports in half and still save good money.

Cut Your Own Hair


I’ve cut my own hair for close to 20 years. My wife has gone to the local beauty school for close to 10 years as a means to save money on haircuts.

I know it may seem impossible to cut your own hair. It really isn’t that difficult. You can buy a haircut kit from Wahl, and you’ll be good to go.

Total savings = $250+ per year

You can save money every month in many ways. Here are 35 ways to save money each month and save thousands of dollars each year.

Bonus Ways to Save Money Every Month


There are countless ways to save money every month, so no list is going to be exhaustive. That being said, here’s a number of other ways to save money each month. If you have more ideas, I’ll happily add them to the list. 🙂

  • Save your raise.
  • Save your spare change in a change jar – include $1 bills as well. You can do the same thing digitally with CIT Bank – as they have a $100 minimum balance requirement and you can earn at least 1.55% on your spare cash. If you automate it, then it’s done for you without any effort on your part.
  • Take your lunch to work.
  • Avoid out of network ATM fees. The average out of network ATM charges nearly $5 per transaction. It doesn’t make sense to pay money to access your money.
  • Start a garden and can/freeze the produce.
  • Take advantage of price drops after you make a purchase with Paribus. Paribus is a free to use service that analyzes your online shopping receipts to find price reductions and get rebates for you.
  • Take Uber as opposed to a taxi. In most instances one or both can be the cheaper option.
  • Ditch the whole life or permanent life insurance. You can save significant money by switching to term life coverage. If you don’t know where to start, try PolicyGenius to find the best options available.
  • Don’t play the lottery. The average person spends $25 per month on the lottery.
  • Refinance your house to get a lower interest rate. Compare rates at LendingTree to get the best possible rate.
  • Consolidate your debt through Lending Club or LightStream, to reduce the monthly interest you’re paying. If it’s credit card debt you have, get a balance transfer credit card to lower your rate to 0% and kill the debt. Last, if you have student loans, consolidate them with SoFi to get a lower rate and pay them off sooner.
  • Bring snacks to work so you’re not tempted to go to the vending machine.
  • Buy clothes through the Kohl’s clearance section and not at the higher priced department store.
  • Save money when you buy with coupons or cash back sites like Ibotta or Ebates.
  • Get a cheaper car and lower your car payment.
  • Buy used when you can.
  • Increase your auto insurance deductible.
  • Don’t buy extended warranties.
  • Use your unused gift cards. $750 million in gift cards went unused in 2014. You can use them to buy something you need, sell them or use them to buy a gift for someone. If you like to use gift cards, you can buy used gift cards at CardPool at a discount.
  • Get rid of unused memberships or subscriptions with Trim. Trim is a free to use app that analyzes and find subscriptions you don’t use and cancels them to save you money.
  • Buy a programmable thermostat to save on energy bills. We work from home so don’t have much need for this. 🙂
  • Negotiate doctor’s bills. We ask every time we go to the doctor or dentist. We commonly get a reduced rate by offering to pay up front.
  • The last, a classic, go to the library. The library offers many ways to save money every month from books and movies to a lot more.

There are many ways to save money every month; you just have to put some into action. Like I said in the beginning, you won’t be able to do all of them, but even a few of them can usually help you save some pretty significant money.

Additional resource: If you’re looking for a simple way to stay on top of all your finances then check out my favorite tool – Personal Capital. Completely free, it allows you to track your spending, monitor your bank and investment accounts and watch your net worth grow plus many other tools. It’s my go-to tool to help us stay on top of our finances each month to avoid wasteful spending.

Open a free Personal Capital account today!


What are some of your favorite ways to save money every month? What other ways would you add to the list? Do you like to negotiate pricing?

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I'm the founder of Frugal Rules, a Dad, husband and veteran of the financial services industry. I'm passionate about helping people learn from my mistakes so that they can enjoy the freedom that comes from living frugally. I'm also a freelance writer, and regularly contribute to GoBankingRates, Investopedia, Lending Tree and more.


  • Jaime says:

    In our case we cut back on eating out and learned how to cook healthy, delicious food at home. We also learned to replicate our favorites from restaurants. Now we save eating out for the weekends.

    Last year we also sold a paid off second car to CarMax and got an even $3,000 for it. Yea!

    Another thing I did was learn to not waste extra money: gifted money, raises, bonuses, etc. Now whenever I get extra money, I learn to diversify it so it doesn’t all go to spending. =)

    • John Schmoll says:

      Cutting down on eating out is a big one! It can be really easy to justify eating out when you’re busy but we try and prepare meals before hand to try and mitigate against it.

  • I have a post like this and it does amazing! I think readers will love it. Sometimes you just need a new idea to spark some creativity.

  • We use lots of these tips and the money savings really do add up. We’re on a huge kick this year to cut eating out drastically. We didn’t do it that much anyway, but we’re cutting even more because the money savings are so huge.

  • wow, I can’t believe smoking spending was still that high either! My big weakness is eating out, but now that I can afford it and still save money, I’m feeling better about it 🙂

    • John Schmoll says:

      I know – talk about literally seeing your money go up in smoke. Yea, I hear ya – it does get a little easier to justify it. We just budget for it so we know we’re staying within what we want to spend.

  • Michelle says:

    Great post! There are so many great ways to save money.

  • Great tips John! I think people forget you can still negotiate a lot of things like your bills. I even did it with rent once.

  • I’m a DIY when it comes to haircuts…haven’t stepped foot inside a hair salon in years. All I need is a good pair of trimmers and a wife to check for places I might miss. She doesn’t mind helping…her reward is getting all the hair cut money for herself instead of sharing it with me. 🙂

  • I’m trying the 52-week challenge. I don’t think we can manage it throughout the year — we’ve got a couple other draws. But I want to see how far we can make it without feeling the pinch.

    Cable’s already cut, no gym membership, no cell phone. So I guess we’re doing okay on some of these goals.

    • John Schmoll says:

      That’s awesome you’re doing the 52 week challenge. Even if you don’t make it the whole year I think it’s a great challenge to try.

      Yep, sounds like y’all are doing good.

  • Kim says:

    There are so many ways to save that even if you can’t or don’t want to do all of them, you can always find a few things to make your bottom line better.

  • Great list, John! I love these long lists of how to save money because even if you do just a handful you can increase your monthly cash flow.

  • Anita says:

    I write a book of household accounts (Libre Office Calc) and added up the expenses for sweets/chips/… for the last october, november, december. O.k. there was halloween, but: It was 300 Euros.
    Now I’m on a diet.
    It was shocking to see how much money I spend for food that isn’t necessary and only harms my body.
    I didn’t add up the alcohol, wasn’t that much, but I cancelled this, too.

  • Cheryl says:

    Good stuff!
    We ditched cable 3 1/2 years ago, Internet only and installed an antenna on roof. 24 local channels in high quality picture FREE!
    No bottled water, have a couple insulated Klean kanteens that I take coffee to work versus stop at donut shop and also fill with water faucet. Double savings.
    Bought an exercise video and use kettlebell weights versus gym membership, also free walks.
    Home haircuts, my husband cuts mine every other month and the two children monthly. Between haircuts, tip and transportation costs, it saves me over $1000 a year. My husband feels that a Woman’s hair is much easier to cut, but watched a few videos before doing the boys, there haircuts are more difficult to do as there is not as much to work with. Less forgiving if you make a mistake. Get my hair colored at home with henna, saves me over another $1000 over what they would charge at salon and he gives a great haircut, better than the salon and he does a very nice job with my color. Regular salons screwed up my hair, I wouldn’t think of letting a trainee touch mine, they always cut it too short.
    I do my own mani & pedicures as well.
    Did a garden last year, kale was the best producer, healthy greens for ten months, tomatoes, herbs and garlic were tasty fresh from garden as well.
    Get boys clothes at goodwill store, they out grow pants and coats so fast, can get some that are like new for only a couple dollars each. We do donate outgrown clothes to help keep the cycle going.
    Use credit card with cash back, and then pay it off in full each month. Did children’s birthday parties at home. Made pizza, and cakes, grilled hot dogs for picnic. No bouncy house or catered affair, just a few friends, great time @ a low cost.
    He changes oil, fluids and spark plugs in cars. Sharpens mower blades, scissors and knives at home. Tools work best when they are maintained. Most home repairs of plumbing, electric, carpentry, flooring are DIY, saves even more.

  • Jordan says:

    I’m am not a fan of negotiating. I know it works, and is a good idea to save money, but I just hate confrontation, and hate to beg people down. I wish I didn’t feel that way because I know I could save some money doing it.

    • Cheryl says:

      You need to not think of it as begging, you are offering to give them your business, if they will give you a fair deal, you are not begging. You are giving them a second chance to not be fired. That is what my husband did, never raised his voice, just told them the current rate was too high and we were firing them as they were charging too much and we could get the same service at a much lower rate, and we were offering them the opportunity to keep our business, that’s all.

    • Rich says:

      You’re not begging, you’re NEGOTATING! I do this all of the time. Business want dollars and YOU are the consumer. They need you more then you need them. They want money and so do you. You decide.

  • Tricia says:

    Have done most of these things and they really do make a difference. The top 3 for me:

    Cable. I purchased a Roku stick, basic monthly Hulu ($9) and basic Netflix ($9) and an HD antennae that gets all local channels crystal clear for free. After the one time purchase of the stick and antennae ($85+-), my TV bill is $60 mthly and that includes the high speed internet needed to stream from Hulu and Netflix. Basic cable in my area was $150 monthly. Savings of $90 for me.

    Cell Plans. I ended my contract and bought a basic flip phone for calling and texting. $30 mthly. With a home computer and iPad, don’t need a smartphone on top of that. Not one of those people who has to be plugged in to technology 24/7. My cell phone plan was $150 per month. Saving of $120 for me.

    Credit Cards. This one takes discipline. I have 3 cash back cards and use them to pay all my monthly bills (mortgage, utilities, car insurance, food, etc.) I pay them off each month completely according to my cash only budget mindset. The award points / money / giftcards are a really nice perk that I use for Christmas each year, and had $900 last year accumulated.

    I think that mindset is the most important factor of living within one’s means. Stay away from advertising and the must haves that get so many people in financially devastating places. Live small. Live free from burdens and worries. Most importantly, learn to control your money. Don’t let money control you.

  • cathy says:

    Instead of turning on our big screen t.v. we watch Netflix on our (given to us) smartphones. We stopped using the back porch light, and leaving the kitchen light on by using solar lights. We hang out our clothes on a line. Unplug everything, and sometimes leave it unplugged even when we are home. All those little things add up.

  • I am doing many of your suggestions. Another one is that people can make extra money by getting an extra paycheck 4 times a year if they get paid weekly and 2 times a year if they get paid biweekly. They can use that money for a special sinking fund or savings account.

  • Centsai says:

    These were all such great ideas! There are so many ways to cut costs and save money but you have to be creative!

  • Nancy says:

    Hi John – love your blog and wondered have any of you heard of KODI? It is a free alternative to Netflix. My husband has set up our computer with it and we can now caste TV shows and movies directly to our screen. The system trolls for the downloads you request (TV shows, movies old and new, even movies currently in theatre; although you tend to get “purse shot” copies for those, but once in awhile we find a good film copy that might have been released in another Country with subtitles in another language, but you put up with that to save theatre costs. This is still legal in Canada as there are no advertising or membership fees related to this. I’m thinking of dropping Netflix now!

  • Grace D says:

    I’m not sure where you got your number for smoking cost. The average I have found and know of is $45 per week – not month – (my husband alone spends $48 to 50 per week and I have tried everything to help/get him to quit, it is not that easy at all because patch/pills don’t work for him). That is an average of a pack a day which can range from 5 to 8 dollars.

  • Robyn says:

    I’ve modified the 52 week challenge a little so it doesn’t get too extreme by the end of the year. I label all the weeks with their amounts and then I combine a high week amount with a low week amount and move that 2 week amount into savings. If I have extra money one month I’ll save extra weeks amounts and cross them off the calendar.

  • Donna Nardilli says:

    Less truly is more in this life. How much stuff do any of us really need before we realize, that happiness is introspective. Be brave. Be bold. Be different…, it truly is liberating & refreshing to see people take control of their own lives and define success on terms that are right for themselves. Embrace your distinction. It’s empowering when you do.

  • Mark says:

    Finding at least one person to share the daily commute with and alternate cars drastically reduces fuel bills and wear and tear. Another benefit is off-loading stress by talking it through with someone when there are no distractions and nowhere else to go. My car sharer has said he arrives home relaxed having unburdened himself of workplace woes.

  • Paul Lee says:

    Ditched the Cable tv, got Amazon FireStick & indoor/outdoor antenna. Saved 90.00 immediately. Working on my 5th 52 week savings experiment, trust me it works and easy to do. Unplugged all unnecessary things in the house, even turn off hot water heater when not needed. That in itself saves me 15.00-20.00 a month. Use the low dryer setting to go along with the high efficiency washer (uses much less water). Keeping the thermostat set low in the winter helps as well. All great ways to save.

  • Anita K. says:

    Enjoyed this post, and the comments were inspiring too. I teach high school, and I am thinking of including this link as “required reading” for a section I am teaching on “Real Life after High school.” Thank you.

  • Rene' says:

    I just have to tell you how much I appreciate your site! I recently went through a divorce after 25 years of marriage which ended up forcing me into bankruptcy, on TOP of losing that second income. It was EXTREMELY painful given I have always prided myself on paying my bills on time and having a credit score in the 700’s. BUT rather than beat myself up, I have decided to look at it as a fresh start on life, and part of that is getting a firm hold on my finances, building up a savings and investments towards retirement. Luckily, frugal is something I’ve always been, but I know there are always new ways or things I’ve never thought of. Thanks to your site, I “cut the cord” with DirecTV today! I already had a PS4 plus a Roku in my bedroom, so it was very easy to make the switch to Playstation Vue. Even with their most expensive package, Netflix and Hulu, I’m still saving nearly $150 a month!! WOWZA!

    Thought I’d share a couple of frugal tips that have worked for me – call it giving back. 🙂

    If a store you shop at has a discount card or an app that offers coupons/discounts (Target Cartwheel is a good example) – GET IT – it’s free! I use one at my Ralph’s grocery store (Kroger is part of the same chain). Here are some ways I get amazing deals!

    **See a great price on something with your store discount card? Maybe you can get it even cheaper! Check the store’s app to see if there are additional discounts using their digital coupons. You can also combine with manufacturer’s coupons for even bigger savings. Using this method, I have even gotten items for free!

    **Many grocery stores will mail you coupons based on the purchases you make with your store card. Ralph’s mails me coupons at least a couple of times per month, sometimes for free items I buy often. I hold onto these coupons until the item has a great sale. You can combine these coupons with store sales, digital AND manufacturer coupons to get items for pennies – sometimes free!

    **My Ralph’s app has a “free Friday download” every week. Check your store’s Facebook page, website or app to see if they do something similar. For Ralph’s, the download to your store card must occur on that Friday, but you have up to two weeks to claim the freebie (I have gotten everything from rice to protein bars to juice. I often use these freebies in conjunction with other sale items when planning meals).

    **Check to see if your store has a clearance rack where I routinely find items up to 90% off. I normally find them in the back of the store, but if you aren’t sure, ask a manager. This is also a good place to use coupons! YES, most stores will allow coupons (digital or otherwise) on an item even if it’s marked down significantly. Also check the produce, meat and bakery departments for mark-down items. Also watch as you go down the aisles for clearance stickers on the sleves. I recently found cat food that usually sells for $12 a bag marked own to $2.37 because they were discontinuing the flavor – AND I had a $.50 off coupon!

    **Yes, it takes some time, but I highly recommend checking your store’s app for discounts/digital coupons (if offered) on every item you put in your cart, especially if there are several different brands for the item you need. Even if the shelf tag makes it seem like one brand is the best deal, another might be even cheaper if you check the store app. Some places, like Target, even have a bar code scanner built in so it’s easy to check for coupons. (Don’t forget those end caps of discount merchandise at Target!)

    **If someone in front of me in line says they don’t have a store card, I offer to let them use mine. They get a discount, but in return, I get more dollars in purchases applied to MY card. Ralph’s offers a discount on gas (from $.20 to $1.00!) at Shell stations based on the total of your purchases. Why not let someone else’s groceries get you there faster while also saving them money?

    I hope these tips might help someone else who perhaps is in the same boat I’m in. Living frugal is definitely something that should be shared, so THANKS once again, John, for offering this great site!

    • John Schmoll says:

      Thanks so much for the kind words Rene. Sorry to hear about that. Having gone through divorce myself (my parents got divorced when I was 15), I know it can be a challenge…to put it very lightly. That said, it sounds like you have a great attitude – which is what so much of it comes down to. Great work on cutting the cord, you’ll love the savings. 🙂 Thanks as well for sharing your saving ideas – just proof there’s many ways to save!

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