10 Simple Ways to Save Money Every Month

Saving money does not require drastic lifestyle changes. Small adjustments add up to significant savings over time. Here are 10 practical ways to keep more money in your pocket.

1. Audit Your Subscriptions

Review your bank statements for recurring charges. Cancel subscriptions you do not use—streaming services, gym memberships, apps, or magazines. The average person wastes $200+ monthly on unused subscriptions.

2. Meal Plan and Prep

Plan meals for the week before grocery shopping. Buy only what you need, reduce food waste, and avoid expensive last-minute takeout. Savings: $200-400/month.

3. Use the 24-Hour Rule

For non-essential purchases over $50, wait 24 hours before buying. This eliminates impulse purchases and helps you distinguish wants from needs.

4. Negotiate Your Bills

Call your internet, phone, and insurance providers to negotiate lower rates. Mention competitor pricing. Many people save $50-100/month with a single phone call.

5. Switch to Generic Brands

Store brands are often identical to name brands but cost 20-40% less. Start with medications, pantry staples, and cleaning supplies.

6. Use Cash Back Apps

Apps like Rakuten, Ibotta, and Fetch earn you cash back on purchases you already make. It is free money for minimal effort.

7. Reduce Energy Costs

Lower your thermostat, use LED bulbs, unplug devices when not in use, and wash clothes in cold water. Small changes can reduce utility bills by 10-20%.

8. DIY What You Can

Learn basic skills: simple home repairs, oil changes, haircuts for kids, or cleaning services. YouTube tutorials make almost anything learnable.

9. Use Your Library

Libraries offer free books, movies, audiobooks, magazines, and often streaming services. Many also have free events and programs.

10. Automate Your Savings

Set up automatic transfers to savings on payday. What you do not see, you do not spend. Start with even $25-50 per paycheck and increase over time.