"We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (2024)

    "Start to see trash as your money. You pay for everything in your garbage, whether it’s landfill bound, recycling, or even compost."

    by Megan LiscombSenior Editor

    Recently, I rounded up some money-saving frugal tips that people say really work. In the comments, members of the BuzzFeed Community shared even more solid ideas that I simply had to share. Here's what they had to say:

    1. "I always shop at the dollar store first, before the grocery store. They have really good products and many name brands, and they cost a fraction of the price at the grocery store."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (2)

    Catherine Mcqueen / Getty Images

    lalapalooza9

    2. "I grow micro plants and herbs in my kitchen when veggies are expensive in winter. I invested in a plant table, which also allows me to start my own seedlings for the garden."

    sweetghost37

    3. "I buy food through the Flashfood app. It's like a manager's special rack in app form. The food is expiring soon or is discontinued but still good. I usually buy whatever meat they have and freeze it until I use it. It's saved me quite a bit."

    lazycake78

    4. "Cloth diapers if you have or are planning on having a baby. We got all our clothes handed down from our wealthier friends, LOL. Everyone says kids are so expensive, but we have never actually shopped for clothes, and we have saved thousands by not buying diapers."

    Pollyana Ventura / Getty Images

    catello08

    5. "I adopted this policy not long ago. I have to calculate how many meals I can create from a meat cut or seafood when deciding whether to buy it. I don't buy it when there's only enough for one meal, no matter how much I crave it. Very tough at the start, but it's gotten easier since."

    Prolix

    6. "I stopped using fabric softener. After researching, I discovered it's actually bad for your skin and your clothes. Saves me about $300 a year. It turns out it's just an overhyped and unnecessary product."

    grumpycowboy48

    "Same! I have wool dryer balls now."

    Betherick85

    7. "I do grocery delivery, mainly out of necessity, since I live in a city and don't have a car, but it's cut down on my grocery bill because I only buy what is on my list and don't do any impulse buying. I pay $60 a year for 'free' delivery. Without that membership, each delivery was about $7, so it's definitely paid for itself. I know grocery delivery isn't available for all, but if you're able to do it, I highly recommend it."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (4)

    Oscar Wong / Getty Images

    ilovedogs1211

    8. "I make a batch of homemade dog food each week and freeze half. There are good recipes online. This saves a wee bit, and the doggies are healthier."

    laughingpear48

    "This is very smart, provided you're using a vet-approved recipe! (Many homemade pet food recipes don't have all the trace nutrients that pets need, so you have to be careful that you don't accidentally cause expensive health problems down the line.)"

    etconner

    9. "Just asking myself, Do I reallllly NEED that item? Most of the time, I don’t, so nowadays, rather than racing out to pick it up, I stay home and think about how I’ve saved money, gasoline, air quality, and a little bit of my planet by not going and getting it. To say nothing of reducing my own anxiety levels!"

    lazytortoise89

    "My big questions are, Do I have space for it? Do I have time to enjoy it? If an object is coming into this house, it needs a 'spot,' and that spot can't just be a pile.

    "The exceptions are things I use for research (I occasionally teach and lecture on historic clothing) and needful hobby items."

    Lunamyluna

    10. "Unplugging things not in use is a huge one! It's estimated that 10%–15% of the average American's electric bill is stuff that’s plugged in but not in use, aka vampire energy."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (5)

    Cristinairanzo / Getty Images

    Jen

    11. "I buy all wrapping paper, gift bags, and other gift-wrapping items from the dollar store or HomeGoods. So much more affordable."

    bittertable44

    12. "I make my own salad dressing. I make exactly as much as I need, and there are fewer bottles in my fridge. I have control over the quality, and it's always fresh. I can change it up with spices."

    nikkesen

    13. "During the pandemic, I got in the habit of ordering everything I needed from Amazon the moment I thought of it. I felt so embarrassed by the daily parade of packages. I now buy things one day a week."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (6)

    Masafumi_nakanishi / Getty Images

    sarahshorthealth

    14. "Yes to Poshmark! I sometimes like ThredUp, but Poshmark is great when you’re looking for something more specific. I love that if I want a few things, I can do the 'bundle' option from one seller for a discount. The app is very user-friendly, too. I highly recommend it for people who like secondhand but don’t always want to go to thrift stores."

    am301394wne

    15. "On payday, I put away for savings in an instant- or easy-access savings account. I spent a bit of time working out how much of my paycheck goes on regular bills and expenses and then set up a standing order to put most of the rest into an instant-access savings account the day after payday."

    "I find I spend less on impulse buys because there's less in my account, but if I have a big or unexpected expense, I can easily move money back out of savings to cover it using online banking.

    "Before I started doing that, I'd find myself spending my whole pay every month and relying on a credit card even for big costs I knew were coming up (e.g., car insurance)."

    hannahh43

    16. "My husband and I decided not to buy any food (other than fresh foods, like vegetables and fruits) until we emptied most of our freezer. We're still working on it. We put together some unusual meals but are saving money each week. And we've begun the process of removing meat and poultry from our diet, which will save more money as time goes along."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (7)

    Penpak Ngamsathain / Getty Images

    "When my insurance policies, cellphone contracts,etc.,are set to renew, I always shop around. Most companies offer discounts to new customers, not to existing ones."

    wylyjoan

    17. "Start to see trash as your money. You pay for everything in your garbage, whether it’s landfill bound, recycling, or even compost."

    westofillinois

    18. "Facebook Buy Nothing groups are a lifesaver! I’ve been able to get a table and chairs for my dining room, a large dresser, snowboard boots for my daughter, lots of home decor, and several houseplants, all for free."

    nicoleb4563bf301

    "My first grandchild was born in July 2023. I found 85% of the items she needed on the FB Buy Nothing pages. I am talking big items. One was a beautiful wooden crib with a changing table attached. The mattress alone would have been about $200 if bought new."

    Brivas07

    19. "Learn how to shop sales — 30% off is a better deal than 'buy one, get one 50% off,' but not as good as BOGO free. If you want to and have the capability, I suggest coupon and rebate apps on top of store rewards."

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (8)

    Oscar Wong / Getty Images

    mrsmommaf

    "Also, pay close attention to the signs at the store. Sometimes you need to buy multiples of something to get the sale price, but not always. I used to fall for the two-for price all the time and then realized that I could get one of them for half the price sometimes."

    mishybp73

    20. "I keep a small cooler in my car. I know I’m going to get hungry when I’m out running errands or shopping. So I stock the cooler before I leave home with things I want to snack on while I’m out driving around. I make sure some of it is fun stuff so I don’t feel the urge to stop for treats. This saves me from stopping at fast-food places and really keeps my splurges down."

    forestmelodies

    What's something that's helped you spend less or save more? Tell us all about it in the comments!

    Note: Some responses have been edited for length and/or clarity.

    "We Have Saved Thousands": 20 Money-Saving Ideas That Real People Swear By (2024)

    FAQs

    What are the modern way of saving money? ›

    Automate your saving by setting up a direct deposit from your paycheck into a high-yield savings account or money market account. Pay off debt. Work on paying off your debt, starting with high-interest debt, to free up more money for savings and improve your financial situation. Earn more.

    What is the 30 day rule? ›

    The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

    Which strategy will help you save the most money? ›

    The 5 Most Effective Strategies To Save Money For The Future
    • Set Your Goals Early On. Setting a financial goal early on will boost you to stick to your savings plan. ...
    • Understand Your Cash Flows. ...
    • Open a Savings Account. ...
    • Rethink Debit Cards. ...
    • Monitoring Your Spending. ...
    • Revise Your Emergency Fund.

    What is the power of saving money? ›

    The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.

    What is the 20 savings rule? ›

    Key Takeaways. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

    What is the 50 30 20 rule? ›

    The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

    What is the 3 month rule? ›

    The three-month rule essentially gives you enough time to go past first impressions and get to know each other better. "The beginning of relationships are often fun and exciting," Pharon says.

    What is the 90 days rules? ›

    The “90-day rule” is a USCIS guideline used to determine whether green card applicants applying from within the United States misled government officers when they were granted visas or admitted to the country.

    What is the 1 month rule? ›

    The purpose of The One Month Rule

    If you spend a month thinking about a certain purchase and have discussed it with family/friends that you trust for financial advice (and you still think it is a worthy purchase), you are much less likely to regret your purchase. It helps you make sure the purchase is really worth it.

    How can I reduce my bills? ›

    Here are 10 ways you can lower your bills:
    1. Negotiate your bills.
    2. Switch to a fixed pricing plan.
    3. Downgrade service.
    4. Use efficient appliances.
    5. Rotate services.
    6. Refinance loans.
    7. Use a balance transfer card.
    8. Bundle products.
    Mar 17, 2023

    How can we save more in 2024? ›

    These simple power-ups can take your budgeting and saving habits to the next level.
    1. Pay down high-interest debt. ...
    2. Automate your savings. ...
    3. Max out your employer's 401(k) match. ...
    4. Try a savings challenge. ...
    5. Delete that automatic billing info. ...
    6. Plan for upcoming expenses. ...
    7. Find a side hustle.

    What is the golden rule of saving money? ›

    The rule of 25X is the thumb rule when it comes to retirement savings, where you need to save 25 times your annual expenses. This rule says that an individual can think about retirement when they have funds worth 25 times their annual expenses.

    Which is not a key to saving money? ›

    To have a negative savings rate means spending more money than you make and acquiring debt. The key to saving money is to: focus, make saving a habit and a priority, and discipline. Your income is not a key to saving money.

    What is the 80 20 rule in saving money? ›

    The rule requires that you divide after-tax income into two categories: savings and everything else. As long as 20% of your income is used to pay yourself first, you're free to spend the remaining 80% on needs and wants. That's it; no expense categories, no tracking your individual dollars.

    What are the 4 methods of saving? ›

    Methods of saving include putting money in, for example, a deposit account, a pension account, an investment fund, or kept as cash. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher.

    What are the examples of modern money? ›

    Examples of modern currency are Paper bills/notes coins and credit cards etc . Examples of older currency are coins made of precious metals like gold or silver and also terracotta coins etc.

    What is money in modern society? ›

    Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.

    What is money in modern age? ›

    In today's world, money plays a vital role in every aspect of life, from buying groceries to investing in stocks. However, the concept of money has evolved over time, and so have the challenges associated with it. Gone are the days when money meant physical currency in the form of coins and notes.

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