7 Simple Ways to Save More Money This Year

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Want to save more money this year but don’t know where to start? Here are 7 ways to save money this year that you can do with little effort.

It’s hard to believe we’re so far into 2018. Did you have goals to save more money this year but have fallen off in your efforts? There is still much of the year left and you can make great headway towards your goals by working to save money each month.

Whether you want to pay off debt, save more for retirement or some other financial goal, saving more money is a great first step.

You may think it’s difficult to save money each month but it’s not. There are many ways to save money and most require little inconvenience. In fact, just trying a handful of ways can save you $250+ per month!

1. Automate Your Saving


Life gets busy, and it’s easy to forget to save money. Paying yourself first treats saving money as a bill to yourself. It’s the first thing you should do with your money each month.

It doesn’t matter how much you save, it can be as small as $10 per month. It’s the act that counts, not the amount.

CIT Bank let’s you automate saving and pays 1.55 percent on your cash (which is more that 20x the typical average), with a minimum starting balance of $100. CIT Bank charges no monthly fees!

2. Kill the high interest Debt


If you have high-interest debt, 2018 is the year to get serious about killing it! You may think it’s impossible to pay off debt. I used to feel the same way, but I was able to pay off over $50,000 in debt by working hard at it.

The best way to kill high-interest debt is to reduce your interest rate, so more of your payment works for you.

Online lenders like Avant or Payoff can help you slash that rate in half or more so you can pay off the debt quicker.

If you only have credit card debt, you may benefit from using a balance transfer card to kill the debt. Here’s a list of cards that may help you do that.

3. get money back when you buy groceries


Did you know you can get cash back from shopping at the store by simply scanning your receipt? With Ibotta you can earn cash back from items you buy at the grocery store. After you’re done shopping you scan your receipt and Ibotta matches it against cheaper offers and pays you the difference.

Ibotta doesn’t just work at grocery stores, they also work with over 350 vendors. Ibotta connects to your PayPal or Venmo account so you can get paid right away. If you’d rather not scan receipts, you can use the Ibotta app on your phone to locate sales for the store you’re at.

Ibotta gives you a $10 bonus just for signing up!

4. Get Rid of the Contract Already!


If you still have cable, this is one of the easiest ways to save more money with little effort. I used to think we couldn’t live without cable, and over two years into being cable free we’re not looking back and are enjoying saving over $80 per month!

There are many available options to help you cut the cord and save $50+ per month. Both DirecTV Now and Sling TV give access to many of the same channels without a nasty contract.

When it comes to racking up the amount you’re saving, cutting the cord is second only to automating your savings.

5. Cancel Unused Subscriptions


How many memberships or subscriptions do you have that you don’t use? The gym membership is an easy one for many. If you have a membership and don’t go, that’s lost money.

The same goes with magazines, bills with hidden fees that result in overcharging and more. You can try to negotiate those yourself, but you may overlook a bill or not actually save money.

Trim automates much of that for you for free, helping you save more money and stop wasting money that can go to other goals.

6. track your spending


If you struggle with saving money, it’s best to start tracking your spending. Tracking your spending shows where your money goes and allows you to find opportunities to cut back. If you’ve never tracked your spending, Tiller is a great service to simplify it.

Tiller makes monitoring your spending simple. The service connects to your bank and other financial accounts and automatically pulls all of your transactions and puts them in a Google Sheet. This lets you go through your spending and find potential savings opportunities.

Tiller offers a free trial for the first 30 days, and is then $5 per month if you decide to keep the service.

7. make money in your spare time


One of the best ways to save money is to make money. There are many ways to make money that require skill, or extra time but the best way to make extra money is to monetize your down time.

The best way to do this is through online surveys. There are many legit survey companies that let you make money while watching TV or sitting at the doctor’s office. Here are some of our favorite survey sites:

Survey Junkie: This is our favorite survey site. They pay you cash straight to PayPal or let you redeem rewards for Amazon gift cards

Pinecone Research: This site pays $3 per survey and you can choose between PayPal, Amazon or restaurant gift cards for your payment. They also pay to do product testing

Opinion Outpost: One of the top survey sites and they have quarterly $10,000 prize drawings

Inbox Dollars: Earn money for taking surveys, watching TV or making purchases online. Get $5 just for signing up

Surveys will not replace your income but they can be a good way to pad your savings account in your spare time.


Want to save more money this year but don’t know where to start? Here are 7 ways to save money this year that you can do with little effort.

You Can Save More Money this Year with Little Effort


The best part of the above list is that you can do most, if not all, with little effort. You don’t even have to try all at once. In fact, I’d recommend against it. Instead, identify 1-2 ways that might help you now and give it a try. You’ll be surprised at how seeing the savings will motivate you to save more money.

Don’t give into excuses! Look for opportunities to save more money this year. With a little work, you might be able to save thousands that can go towards another goal.


What’s one way you’re going to save more money this year? What’s one thing you refuse to do to save money? Do you automate your saving?

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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.


  • I don’t really understand why people still have cable. I find it more convenient to read the news than to watch it. Plus most shows are available online or through Netflix.

    Nowadays I really just don’t have the time for TV

    • John Schmoll says:

      Agreed Troy. We save so much time now vs. when we had cable. No time wasted spent flipping through useless channels and we watch what we want – which is very little.

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