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We are going to look into the topic of the top 6 basic ways to save money. I will list out the top 6 in our first series of articles on saving money, which will consist of a two-part post. We didn’t want to go into too much detail in this post otherwise it would be 10,000 words!  So today in part 1, we are going to just touch on the top 6 ideas. 

So let’s jump right into the Top 6 Money Saving Ideas for Beginners

NUMBER 1:  Plan, Plan, Plan!

I know we keep repeating the same thing over and over.  But as the saying goes

“If you fail to plan then you plan to fail.”

 So I want to start right away with planning.

• Plan your days: Daily Planner Toolkit
• Plan your meals
• Plan your grocery list: https://amzn.to/3KP2FKe
• Plan your errands

All of this planning ahead will save you both time and money.  If you would like to know more about planning check out our other articles in Creating Foundational Habits.  Now that we have covered the first way to save money let’s go on to 

Number 2 of the Top 6 Money Saving Ideas for Beginners

NUMBER 2:  Out of sight, out of mind

Many of us might not have a clear understanding of where our money is being spent every month, particularly when dealing with automatic recurring withdrawals from our bank accounts. To gain better insight, review all your monthly expenses and consider the possibility of reducing charges that have become unnecessary. 

Here is a quick list of ways your money may be quietly slipping away each month.

• Subscription Overload: Accumulating multiple subscription services for streaming, entertainment, fitness, or software can lead to unnoticed expenses.
• ATM Fees: Withdrawing cash from ATMs that are not affiliated with your bank can result in unnecessary fees.
• Convenience Stores: Frequenting convenience stores for small purchases often leads to higher prices compared to larger grocery stores.
• Impulse Buys: Making unplanned purchases online or in-store due to sales or advertising can add up quickly.
• Unused Gym Memberships: Subscribing to a gym but not utilizing it regularly can result in wasted money.
• Snacks and Coffee: Regularly buying snacks, coffee, or meals on the go can accumulate into significant spending.
• Mobile Apps and In-App Purchases: Spending on mobile apps, games, or in-app purchases might go unnoticed over time.
• Bank Fees: Overlooking overdraft fees, account maintenance fees, or other banking charges can impact your budget.
• Unused Subscriptions: Forgetting to cancel free trials or subscriptions you no longer use can lead to ongoing charges.
• Dining Out: Frequent dining out or ordering takeout can be more expensive than cooking meals at home.
• Bottled Water: Buying bottled water regularly instead of using a reusable water bottle can add up over time. Here’s a cute bottle I use. https://amzn.to/3s5QdiD
• Brand Loyalty: Always purchasing name-brand products when generic alternatives are more affordable.
• Excessive Data Usage: Overusing data on your mobile plan can result in extra charges.
• Late Payment Fees: Missing bill due dates can lead to late payment fees that might go unnoticed.
• Unused Memberships: Subscriptions to clubs, associations, or organizations that you don’t actively engage with.
• Premium Cable Channels: Paying for premium cable channels you rarely watch.
• Impulse Online Shopping: Adding items to your cart without thoroughly evaluating the necessity or price.
• Vending Machines: Regularly using vending machines for snacks or drinks can be more expensive than buying in bulk.
• Car Maintenance Neglect: Not properly maintaining your car, leads to costly repairs down the line.
• Invisible Subscriptions: Services that automatically renew without clear notifications, leading to unexpected charges.
• Unused Loyalty Points: Accumulating loyalty points or rewards without redeeming them effectively.
• Rush Shipping: Opting for expedited shipping when it’s not necessary, incurring extra charges.
• Extended Warranties: Purchasing extended warranties for products that already have sufficient coverage.
• Upgrade Traps: Frequent upgrades for gadgets, phones, or technology when your current devices still function.
• Online Payment Services: Incurring fees for using online payment services for transactions that could be done through other means.

Being mindful of these potential hidden expenses can help you make more conscious spending decisions and manage your finances effectively.  

Take some time to assess the extent to which your funds are gradually being depleted on a monthly basis, and start keeping more money in your pocket instead of someone else’s. 

“Saving money is not about depriving yourself; it’s about empowering yourself with the freedom to choose where your resources flow.”

Let’s jump right into number 3 of the Top 6 Money Saving Ideas for Beginners

NUMBER 3:  You gotta’ Eat

Well, this is true but let’s talk a little about some basic ways to cut down on how much this costs.  I am going to just highlight some ideas here. We will delve into some of these topics in future posts.  In the meantime let’s get back to basics. As we have said before, one of the best ways to save money is by planning ahead! You can do this by planning menus and keeping an ongoing grocery list on your refrigerator.  Always have a pen near you (hang it on a string) so you can write things down when you think of them.  We always think we will remember but we usually do not.

Here is a cute magnetic list pad I use.  This will keep you focused at the grocery store which will help you save money.

Here’s a list of ways to save money when dealing with food and grocery shopping:

1. Create a Meal Plan: Plan your meals for the week ahead to avoid buying unnecessary items and reduce food waste.
2. Make a Shopping List: Prepare a detailed shopping list based on your meal plan and stick to it to prevent impulse buying. Magnetic Lists
3. Shop with a Full Stomach: Avoid shopping when hungry, as it can lead to buying more than you need.
4. Buy in Bulk: Purchase non-perishable items and staples in bulk to take advantage of lower unit prices.
5. Buy in Bulk with Friends and Family: If you can’t afford bulk buying see if you have some friends or family that would share in the buys.
6. Freeze or Can Bulk Foods: Buy in bulk then freeze the excess. Or if you know how to can your own foods this is also a great option.
7. Cook in Batches: Prepare larger quantities of meals and freeze the extra portions for convenient future use.
8. Compare Unit Prices: Check the unit prices on shelf labels to determine the most cost-effective options.
9. Shop Sales and Discounts: Look for sales, discounts, and coupons before shopping to save on items you regularly use.
10. Buy Seasonal Produce: Choose fruits and vegetables that are in season, as they are often cheaper and fresher.
11. Avoid Pre-Packaged Foods: Pre-packaged and convenience foods are often more expensive than cooking from scratch.
12. Use Loyalty Cards: Sign up for loyalty programs at grocery stores to access special discounts and offers.
13. Shop at Discount Stores: Explore discount grocery stores or markets for budget-friendly options.
14. Avoid Name Brands: Consider buying generic or store-brand products instead of pricier name brands.
15. Skip Bottled Water: Use a reusable water bottle instead of buying bottled water to save money and reduce waste. The bottle I use.
16. Freeze Perishables: Freeze meat, fruits, and vegetables that you won’t use immediately to prevent spoilage.
17. DIY Snacks and Meals: Prepare your own snacks and meals instead of buying pre-packaged options.
18. Grow Your Own Herbs: Start a small herb garden at home to save on buying fresh herbs.
19. Use Cashback Apps: Utilize cashback apps that offer rebates on grocery purchases.
20. Avoid Single-Serving Items: Single-serving packages are often more expensive; buy larger quantities and portion them yourself.
21. Meal Prep: Cook larger batches and freeze portions for quick and cost-effective meals.
22. Skip Non-Essentials: Avoid purchasing unnecessary items like sugary snacks and sodas.
23. Shop at Farmers Markets: Purchase locally grown produce at farmer’s markets, often at lower prices.
24. Check Expiration Dates: Make sure to check expiration dates to avoid buying items that will expire soon.
25. Limit Eating Out: Reduce eating out to special occasions and opt for homemade meals.
26. Use Cash Envelopes: Allocate a set amount of cash for groceries each week to prevent overspending.
27. Keep an Inventory: Regularly check your pantry and fridge to avoid buying duplicates of items you already have.

One of the best ways to save money is by planning ahead!  By implementing these strategies, you can make more informed choices and effectively reduce your food and grocery expenses over time.

“Grocery planning isn’t just about saving money; it’s a recipe for mindful choices, reduced waste, and deliciously satisfying meals.”

Now let’s move on to number 4 of the Top 6 Money Saving Ideas for Beginners

NUMBER 4:  Do I really need those?

This will be similar to number 3 but give it some thought.  Do you really need all those paper products and throw-away items?  Consider hand towels instead of paper towels, regular plates and cups instead of throw away. 

Here’s a little tip: If you don’t want to wash a ton of cups assign each family member a specific cup for them only.  It can be different colors or special designs for each person but this will save a lot of excessive dishwashing. 

If you absolutely want to use plastic cups like at a party then have a permanent marker to write the person’s name on their throw-away cup.  It will save money on how many cups are used because a person can’t remember which cup was theirs and takes a new one. 

Here is a list of ways to save money by rethinking everyday products: 

1. Reusable Containers: Instead of using disposable containers, opt for reusable ones for food storage. This reduces the need to buy plastic wrap or foil as much.
2. Cloth Napkins: Use cloth napkins instead of disposable paper napkins during meals.
3. Reusable Water Bottles: Invest in a good quality reusable water bottle to avoid buying single-use plastic bottles.
4. DIY Cleaning Products: Make your own cleaning products using simple ingredients like vinegar, baking soda, and essential oils. This can save money compared to buying commercial cleaners.
5. Composting: Start a compost bin for food scraps and yard waste to enrich your garden soil and reduce the need for store-bought fertilizers.
6. Air Dry Laundry: Whenever possible, air dry your clothes instead of using a dryer to save on electricity.
7. Thrift Shopping: Consider buying clothing, furniture, and household items from thrift stores or online secondhand marketplaces.
8. Carpooling and Public Transportation: Share rides or use public transportation to reduce fuel costs and minimize wear and tear on your vehicle.
9. DIY Repairs: Learn basic DIY skills to handle minor repairs around the house instead of hiring professionals.
10. Grow Your Own Herbs: Cultivate a small herb garden indoors or outdoors to save money on buying fresh herbs.
11. Reduce Water Usage: Fix leaks promptly, install water-saving faucets and showerheads, and be mindful of water usage to lower your water bill.
12. Library and eBooks: Instead of buying books, borrow them from the library or read eBooks to save money and reduce clutter.
13. DIY Gifts: Create personalized gifts instead of buying expensive ones for birthdays and holidays.
14. Reusable Bags: Use reusable cloth bags for grocery shopping to avoid paying for disposable plastic bags. I even know some Amish that will wash out Ziploc bags in hot sudsy water and hang them to dry to reuse.
15. Rainwater Harvesting: Collect rainwater to water plants and gardens, reducing your reliance on tap water.
16. Repair Clothing: Instead of discarding clothing with minor tears or damages, learn basic sewing skills to repair them.

Remember, every small effort counts when it comes to saving money and reducing waste at home. Choose the ideas that align with your lifestyle and priorities to make a positive impact on your finances and the environment.

“Embrace the Art of Thriftiness“

Speaking of thriftiness…we can move right into number 5 of the Top 6 Money Saving Ideas for Beginners.

NUMBER 5:  Shop at discount stores

You might be surprised at some of the great deals you can find at thrift stores.  So don’t rule them out.  You can shop in dollar stores, local consignments shops, etc… and find great quality pre-loved clothing and other items.  Shopping at a pre-loved clothing store can be an inexpensive way to help you build a basic wardrobe with higher quality items at much cheaper prices.  It can also help with decorating your home with interesting furniture or decor without the hefty prices.  

Here’s a list of ways to save money while shopping:

1. Thrift Stores (Goodwill, Salvation Army, etc.): Thrift stores offer a wide range of clothing, furniture, and household items at significantly lower prices than retail stores.
2. Discount Stores (T.J.Maxx, Marshalls, Ross): These stores offer brand-name items at discounted prices, including clothing, accessories, home decor, and more.
3. Clearance Sections: Look for clearance racks in department stores and online retailers for heavily discounted items.
4. Online Marketplaces (eBay, Craigslist, Facebook Marketplace): Buy and sell items locally or online at lower prices than traditional retail.
5. Couponing: Use coupons, either physical or digital, to get discounts on groceries, household items, and more.
6. Flash Sales and Daily Deals: Keep an eye out for time-limited sales and deals on websites and apps.
7. Bulk Buying Clubs: Join bulk buying clubs or co-ops to purchase food and household items at reduced prices by buying in larger quantities.
8. Store Loyalty Programs: Sign up for loyalty programs at your favorite stores to earn rewards, discounts, and exclusive offers.
9. Seasonal Sales: Take advantage of seasonal sales to buy items like clothing, outdoor gear, and holiday decorations at lower prices.
10. Comparison Shopping: Use price comparison websites and apps to find the best deals on specific items.
11. Shop Out of Season: Buy items like clothing and holiday decorations during off-seasons when they’re typically on sale.
12. Off-Brand and Generic Products: Opt for off-brand or generic versions of products to save money compared to name-brand options.
13. Refurbished and Open-Box Electronics: Consider buying refurbished or open-box electronics to get quality items at lower prices.
14. Buy in Bulk: Purchase non-perishable items like toiletries, cleaning supplies, and dry goods in bulk to save on unit costs.
15. DIY Gifts and Crafts: Create personalized gifts and crafts at home instead of buying expensive ones.
16. Negotiate Prices: Don’t be afraid to negotiate prices, especially at flea markets, yard sales, and in some retail settings.
17. DIY Repairs: Learn basic repair skills to fix clothing, furniture, and small appliances instead of replacing them.
18. Rent or Borrow: Instead of buying items you’ll only use occasionally, consider renting or borrowing them from friends or family.
19. Cashback and Rewards Apps: Use cashback apps and credit cards that offer rewards on your purchases.
20. DIY Home Improvement: Learn basic home improvement skills to tackle small projects on your own instead of hiring professionals.
21. Public Libraries: Utilize your local library for free access to books, movies, music, and more.

“Embrace the beauty of pre-owned treasures,  it’s a celebration of sustainability and a testament to the enduring charm of what’s been loved before.”

Remember, combining several of these strategies can have a significant impact on your budget. Always prioritize your needs and make choices that align with your financial goals.  But if you are going to go out to these stores then make sure you follow the next basic money-saving idea.

Let’s go to number 6 of our Top 6 Money Saving Ideas for Beginners

NUMBER 6:  Plan your day!

I know it sounds like I am repeating number 1 but hear me out.  Planning out your errand running day will help you use less gas.  It will also help you prioritize what you really need to do or want to do.  You can then map it out so you can hit all the places in an efficient order.  You don’t want to be running around then back and forth wasting both time and gas.

Planning an errand day can be an efficient way to save time and money.

Here’s a list of steps to help you plan your errand day effectively:

1. Compile a List: Create a comprehensive list of all the errands you need to run, including shopping, appointments, returns, and other tasks.
2. Group by Location: Group errands by their proximity to each other. Try to tackle tasks that are in the same area to minimize travel time.
3. Prioritize Tasks: Arrange your errands in order of importance. Focus on tasks that have deadlines or are time-sensitive.
4. Check Operating Hours: Make sure to check the operating hours of the places you plan to visit. Avoid wasting time by going when they’re closed.
5. Map Out Routes: Plot your errands on a map or use a navigation app to plan the most efficient route to minimize travel time and fuel expenses.
6. Combine Activities: If possible, combine activities. For instance, if you have an appointment near a shopping area, plan to do your shopping after the appointment.
7. Pack Snacks and Water: Bring along snacks and water to avoid the need to buy expensive snacks while you’re out.
8. Use Public Transportation: If feasible, use public transportation to reduce fuel costs and parking expenses.
9. Carpooling: If you know someone who needs to run errands in the same area, consider carpooling to save on fuel and reduce emissions.
10. Digital Coupons and Discounts: Before heading out, check for digital coupons and discounts that you can use at the stores you’ll be visiting.
11. Prepare Returns: If you have items to return, make sure they’re properly packed and labeled with receipts or necessary documents.
12. Charge Electronics: Ensure your phone, tablet, or any other electronic devices are fully charged to assist with navigation and communication.
13. Parking Strategy: Plan where you’ll park for each stop to minimize walking distance and parking costs.
14. Avoid Peak Traffic Times: Schedule your errand day during off-peak traffic hours to save time and avoid congestion.
15. Take Breaks: Allow yourself short breaks between errands to recharge and avoid feeling rushed.
16. Stay Flexible: While planning is important, be prepared to adapt if unexpected delays or changes arise.
17. Be Mindful of Budget: Stick to your budget and avoid impulse spending while you’re out running errands.
18. Delegate Tasks: If possible, delegate certain tasks to family members or roommates to share the workload.

Remember, the key is to plan ahead, be organized, and make the most of your errand day to save both time and money.

In conclusion, embarking on a journey to save money is an empowering step toward financial freedom. The money-saving ideas we’ve explored in PART 1 of this guide serve as a solid foundation to help you take control of your finances and build a brighter future. 

“Remember, the key lies in embracing a mindful and intentional approach to your spending habits.“

To Continue on to more money saving ideas go to Part 2.

I would love to hear from you. How are you saving money and time?  Do you have any great ideas to help out others?  If so please share them in the comments below.   

 You Can Do This!

Resources in Post:  

• Time Management Download
• Daily Planner Toolkit Download
• 32 Ounce Water Bottle
• Cute Magnetic Lists