25 Money Saving Tips To Help You Get Your Money Right

Money savings tips

A few quick tips on how to do things better can make all the difference when it comes to your personal finances. So here are 25 money-saving tips to help you get your money right.

There's bound to be at least one or two things you can put into effect to help improve your finances. So here goes!

1. Declutter

Decluttering is an excellent way to increase your streams of income. Go through your closet and your house, and sell the things you don't need or use. Put the money you earn into savings or use it to pay down debt.

2. Detox

Do an inbox detox. Unsubscribe from retailer emails so you don't get tempted to make impulse purchases every time they announce a sale. Trust me—there will always be another sale!

3. DIY your hair & nails

Cut your salon visits by half by doing your own hair and nails instead. You'll save a ton of money and you'll still look beautiful. This is one of my favorite personal finance tips.

4. Consider cost per wear

For every clothing purchase you make, ask yourself, "How often will I wear this?" Consider your cost per wear. If you aren't going to wear it enough, it's probably not worth it.

5. A sewing kit is your friend

One of the best personal finance tips for keeping your clothing in top shape is to invest in a sewing kit. The next time something rips, see if you can repair it before you buy a replacement. Plus, sewing kits are super cheap.

6. Join your local library

Love reading? Join your local library and borrow books for free instead of buying new titles.You'd be surprised how the savings add up. Be sure to check out apps like Libby where you can borrow digital and audiobooks from your local library without having to go in!

7. Get "cancel" happy

If you aren't using that subscription service, cancel it! From gym memberships to magazine subscriptions, too many people have paid subscriptions sitting around that they barely use.

8.  Overspending? Freeze the plastic

Here's one of the funniest personal finance tips: Freeze your credit cards! Getting them out of a block of ice is an inconvenience (a highly annoying one) that will slow down that overspending habit of yours.

9. Plan meals in advance

Challenge yourself to pack lunch every day for a week or a month. Put the money you save into savings or toward your debt.

10. Create a grocery list

Create a list before you go food shopping based on what you need at home! This will help you avoid impulse buys, especially at the grocery store. One of my favorite apps to save money is Ibotta. I use it to see what offers I can get cashback on at my local grocery store. They send you the money via a Paypal deposit or gift card once your account hits $20. Always a nice perk!

11. Always compare rates

One of the best personal finance tips for insurance? Shop around yearly and compare your insurance rates to see if you can get a better deal on your current coverage needs.

12. Keep the change

Gather up all the loose change in your house and car and make a deposit in your savings account or payment toward your debt.

13. Go lean at the movies; take a big bag

Looking for personal finance tips that reduce the cost of outings with kids? Skip the overpriced concession/snack stand at the movies. Pack your own snacks in your big handbag 🙂

14. Start a spending journal

Wonder where your money is going? Start a spending journal and track your spending for 30 days. You'll start to see where it's going.

15. Organize your bill due dates

Stressed with different bill due dates? Call your providers and ask to move your due dates so they are all around the same time.

16. New month, new budget

Create a new budget for each new month. No two months are exactly the same, so adjust your budget accordingly. Not a fan of budgeting? You probably need to try out a few different budgeting methods to find one that works for you.

17. Pay more than the minimum on debt

Pay way more than the minimum toward your debts whenever you can to accelerate your debt payoff. This includes credit cards, student loans, mortgages, etc. - be sure your extra payments are going toward your principal balance.

18. Know your interest rates, prioritize your debt

Are you aware of the interest rates on any debt you have? You need to be in order to determine your payoff priority. Having a payoff priority will help you create an effective plan to get rid of your debt quickly.

19. Get an emergency fund in place

If you have an emergency fund in place, you are less likely to leverage debt to deal with an unplanned situation. Another of my favorite personal finance tips is to start with $1,000. Once you're able to get rid of your high-interest debt, increase it to 3 and then 6 months of your basic living expenses.

20. Negotiate everything

Got a job offer on the table? Negotiate more than just your salary—think vacation days, bonuses, work hours, etc.

21. Save for retirement

Probably one of the best personal finance tips out there is to start saving for retirement as soon as you are able. If your employer offers a match, take it—it's free money. Having a long-term plan for retirement savings will ensure you actually live out the life you dream of having in retirement.

22. Don't wait to invest

When it comes to investing, you don’t need to be a millionaire to get your foot in the door. Start small with what you have and leverage platforms like AcornsStash and a fav of mine, Stockpile. You'll be surprised how quickly things add up.

23. Get the right insurance

Be sure you have the right type and adequate amount of insurance in place: auto, health, disability life, home, renter's, pet, etc. Not having insurance or having inadequate insurance can derail your financial plans in the event that something unplanned happens.

24. Become accountable

Accountability helps you stay on top of your goals. Find an accountability partner to keep you focused as you build wealth. You are more likely to succeed when you put your goals out there.

25. Remember - gratitude always

Be grateful for what you have. Gratitude makes you content. And contentment curbs unnecessary spending.

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