13 Seriously Easy Ways to Save Money Fast
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We all make some poor decisions when it comes to how we spend our money. It doesn’t always happen, but sometimes it does. The good thing is that there are tons of easy ways to save money fast so you can make up for your bad decision(s). I’ve highlighted a few that are very easy to do. Some of them can even end up saving you a lot of money right away.
Easy Ways to Save Money Fast
These are ways that we have personally been able to save money. Even as young homeowner’s surviving on essentially 1 salary, we are able to get by without worrying (too much) about money. It’s definitely all thanks to these super easy ways to save money, as they’ve helped us save tons so we can put our money towards things that actually matter. Here’s to hoping they help you, too!
1. Wait a Few Days Before Making a Big Purchase
Sooo much money can be saved by taking a few days to think about a major purchase. Whenever you make a big purchase, it should be justified and something you have seriously thought about. Do not make large purchases without thinking about them!!
Here is an example of when you should buy something:
We just had to redo our laundry room plumbing because a pipe burst (after the plumber unclogged it!). While we redid the waste water lines, we pondered over getting a new washer and dryer. The ones that came with our house when we bought it are very cheap, basic models. Therefore, they are very inefficient and just destroy our clothes.
So for a few days, we pondered over purchasing new appliances for the laundry room. We did a lot of research to determine which were the best and suited our needs the most. Throughout this process, we went back and forth between buying them and just dealing with what we have.
In the end, though, we decided to make the purchase – and it was justified.
We are going to save money fast on reduced electricity costs and less water usage. On top of that, our clothes will last so much longer. And we can also sell our old washer and dryer, as they still work, and put that money towards the cost of the new ones.
See, this purchase was thought about for several days. We did tons of research on different models and tried to find the most efficient, well-reviewed models there were. And it was totally justified because our old washer and dryer were ruining our clothes. We also planned on upgrading at some point anyway and we got $200 for selling our old models to put towards the new ones.
Whenever making a purchase on a single item over $50, wait a few days. Do research on the product and that specific model to see if you’re buying the best one. And make sure it’s something you actually need!
2. Review Return Policies Before Purchasing
I made the mistake of purchasing an expensive mattress from a store. I thought a new mattress would fix my restlessness, but I was wrong. And because I didn’t ask about the return policy, I was stuck with an expensive mattress that I didn’t want.
Needless to say, make sure you know the return policy, or you could be out of a lot of money.
Note: I was able to donate the mattress to a charity, which I should be able to write off on my taxes. I won’t get a full refund, but I think it will be good enough. Still, always check return policies before making a purchase!
3. Make Your Own Coffee
Many people buy coffee from coffee shops instead of making it themselves. This can add up, especially if you buy a cup 5 days a week.
I created a cost comparison between buying a 12oz coffee at Starbucks and buying a 1lb bag of Starbucks coffee to brew at home. The numbers speak for themselves.
By buying coffee from a coffee shop, you are spending almost FOUR TIMES as much money than if you made it yourself. The savings in one month alone will pay for a coffee maker. The rest will be going into your savings or towards bills. You also cut down on waste by using your own coffee mug each day.
4. Ditch Going Out for Lunch
One of the easiest ways to save money is to stop eating out for lunch. Several people where I work eat out 4-5 days a week. I’d be sleeping in my car if I did that!
Most nights we make extra food to take as leftovers for lunch the next day. Otherwise, we make a PB&J sandwich or salad and take lots of snacks. There’s really no need to eat out every day. Not only does it cost you a lot more money, it also eats into your lunch break or takes away precious time that could be spent elsewhere.
If you want to see the savings pile up, try bringing your own lunch. Trust me, it’s not difficult to do, it’ll save you tons of money, and you’ll be eating a bit healthier.
Driving to work everyday can get expensive. Thankfully, carpooling is around and it can help you save a ton. Carpooling is not only good for the environment, but also for your wallet.
I drive around 50 miles a day going to and from work. Before I bought my Honda Insight, I had to fill up every week. Now, I can make it 2 weeks before I need to fill up – and it only costs me $20 (600 miles). I realize most people don’t drive a 1 liter gasoline-electric hybrid like I do, so carpooling is a great way to save money.
Depending on how many people are in your carpool group, you will have to drive at most half the week. That means your fuel bill is cut in half and you don’t have to fill up as often. This also saves you money because your vehicle won’t need maintenance done as regularly (tire rotation, new tires, oil change, etc.). You can also make new friends or create stronger friendships driving to work with coworkers. It’ s a win-win way to save money fast.
6. Cut the Cable
Nobody should be paying for cable television, especially with all the ads we have to sit through. And chances are, you don’t even know what the half of the channels are that you’re paying for.
A great way to still get all your favorite channels FOR FREE is by using Pluto TV. It is 100% free and they have over 100 channels for you to choose from. You can hit pause, play, and rewind to the beginning of a show if you started it late or need a bathroom break.
It’s time to get rid of cable and it’s overly priced bill and start using Pluto TV.
7. Buy Your Own Modem
Internet and cable providers charge you an arm and a leg for their services. If you don’t already know, most internet providers charge you a fee to use their modem. Luckily, you can get rid of that fee by buying your own modem.
It is a one-time fee and you get to keep it when you switch internet providers. And the best part is – it will pay for itself in 6-12 months! Just make sure to check with your specific provider for a list of compatible modems and let the savings begin!
We bought ours when we moved from our apartment to our home and it only cost us $60. We would have been charged $10/month to rent the modem from our internet provider – what a rip off!
8. Turn Down the Heat
The cost to heat a home is expensive, especially if it’s large or poorly insulated (or both!). In many cases, homes aren’t insulated well so you’re losing heat to the outdoors.
To minimize your heating costs, you definitely should look at insulating your home (or improving your insulation and air sealing).
In the meantime, turn the heat down at night and when you aren’t home. The rest of the time, keep it around 65-67 and just bundle up! Your heating costs will plummet and those savings can go towards better insulation or new windows (or just savings).
By doing this, our monthly heating bill has gone down $100+!
For those of you that are forgetful, technology has once again saved the day! There are plenty of smart thermostats out there that you can control with your phone. A highly recommended one is the Nest Smart Thermostat. They are a little pricey, but most energy providers offer rebates for installing a smart thermostat in your home. Check with your energy provider for more details. We just bought one last week and even though the weather isn’t cool enough to turn the heat on, we already love it! We’re super excited to have it learn our routine and automatically turn the heat down at night and warn the house up before we wake up.
Note: If you buy the Nest Smart Thermostat, certain colors are cheaper. If you don’t care about the color of it, go with the cheapest option. It can save you almost $10! We went with the white and it still looks great in our kitchen.
9. Skip the Gym Membership
A very easy way to save money is by not joining a gym or not renewing your gym membership.
Just because you’re trying to save money doesn’t mean your health has to suffer. There are so many at-home workout routines and videos that you can do to help keep in shape.
If you’re not a fan of workout videos, then try a new activity. My favorite way to exercise is rock climbing! To me, it’s one of the greatest things in the world and it helps me stay in shape.
10. Use Coupons
Almost everything these days has a coupon. Even if you’re only saving $0.50 on an item, you’re still saving money. Over time, it will add up.
But beware of buying things you don’t need just because you have a coupon for it. I know people who do this and it’s not a wise investment. If you spend money on something you don’t need, you might not have enough later for things you do need.
11. Become a Rewards Member
There is no easier way to save money weekly than by using rewards programs.
I always use my Kroger Rewards Card when shopping at Kroger and mPerks when shopping at Meijer. They both have AMAZING rewards programs. I don’t know what I would do without them! The other week I filled up my car for only $14.12 by using my Kroger Fuel Points I earned just for shopping with them!
Almost all grocery stores have rewards programs that are free to sign-up for. They have e-coupons so you don’t have to worry about forgetting yours at home. Most of them even reward you for shopping with them. This is honestly one of the easiest ways to save money.
12. Switch to Online Bill Pay
This is good for 3 reasons.
1. You’re not wasting paper each month by receiving bills in the mail. You’re also not sending your payment back through the mail.
2. You get to save money! By using online bill pay, you no longer have to buy stamps (or not as many), and some companies offer discounts for switching to their online payment system.
3. Another great perk is that you can enroll in auto-pay plans. This means the money is taken directly from your account on file. Therefore, you no longer have to worry about a lost or forgotten payment!
If you don’t do this already, check and see if you can enroll in online bill pay.
13. Use Your Student ID / Email
When I first started college, I didn’t know I could get discounts for being a student. Thankfully, I quickly learned otherwise and saved so much money since. Utilizing student discounts is a super easy way to save money fast.
One of my favorite student discounts is the Amazon Prime Student Membership. Students receive a FREE 6-month trial and after that, it’s only $5.49/month, or $49/year!! My freshman year of college I learned about it and jumped right on it. Haven’t looked back since. #noragrets
Some other companies that offer student discounts are Adobe, Apple, AT&T, Autodesk, Dell, HP, Microsoft, and Sprint, as well as office supply stores and movie theaters. There are also many many more, so before making a purchase, make sure to see about student discounts!
It really, truly is easy to save money. Changing just one habit can make a world of difference. Change even more, and you’ll start saving even more. Who knew it was so easy to save money fast