Who doesn’t like to save money? You work hard for it and you should be able to save as much as you possibly can right? Here I will show you some money saving tips that I use to help me inch closer to my goal of retirement.
First thing you are going to want to do is make a monthly budget plan.

  • Calculate your monthly income
  • Make a list of all of your monthly bills and NECESSARY expenses ie. food, gas, etc…
  • Now bust out the calculator and subtract your necessary monthly expenses and bills from your income

The money that you have left over is what you are obviously left with is your “play money”. Down below we are going to go through and see what we can do to help lower them bills and up that play money amount. And in turn, you will want to take that extra play money and invest it instead of spend it. Which is the ultimate goal of this website.

GET RID OF CABLE
At some point in the very near future (like now) sit down and make a list of your monthly expenses. Is cable on that list? Does it need to be? Let’s be honest, how many of those 300 channels that you pay $150 a month do you actually watch? If the answer isn’t 300 then either downgrade your package or get rid of it altogether. Maybe you should look into getting an Amazon Firestick. With it you will have access to over 500,000 movies and TV episodes all from Netflix, Hulu, Prime Video and more. The setup of it is pretty simple. Plug it into an HDMI port in the back of your TV and plug it into an outlet and that’s all there is to it.
Now I know most of you like the idea of live TV, i.e. news and sports. I get that because so do I. But instead of cable, I use this outdoor antenna. I am in a “dead zone” and I still get over 30 channels with this thing. All my local channels which is perfect for news and sports!

IBOTTA
There is an app called Ibotta that will save you money at the grocery store. Or any other store really. All you have to do is browse the app, select things you were going to buy, buy them and then take a picture of your receipt with those items on it and you will get cash back. Easy money!

EBATES
If you like to shop online like a lot of people do then you have to check out Ebates. Ebates will give you cash back for shopping online. All you have to do with Ebates is sign up and just shop online like you normally would. Ebates will tell you what online stores or websites that are partnered with them and what amount of cash back you will receive from your purchases. So please, do your bank account a favor and sign up for Ebates here.

AMAZON PRIME STUDENT
Did you know that if you are a college student (or have access to a .edu student email address) then you get 50% off of your Amazon Prime membership? That saves you $50 a year! Plus when you sign up you get a free 6 month trial!

CHANGE YOUR LIGHT BULBS
Something as simple as changing your light bulbs will save you tons of money. Switching from a standard 60 watt incandescent bulb to an led bulb equivalent will save you 87% in energy savings. Now if you change all of your bulbs to led, that will save you A LOT of money every month. Let me give an example. Let’s say you have 10 standard incandescent bulbs turned on at once.
60 (watts) x 6 (hours) x 10 (bulbs) / 1000 (kwh) x 0.2 (cost per kwh) x 30 (days) = $21.60
Now switch those bulbs to led.
8 (watts) x 6 (hours) x 10 (bulbs) / 1000 (kwh) x 0.2 (cost per kwh) x 30 (days) = $2.88
You be the judge but seems like a no brainer to me.

BREW YOUR OWN COFFEE
Instead of spending $3.00 every morning for a cup of coffee. How about you buy a programmable coffee maker and brew your own, that will cost about $1.00 to make a whole pot of coffee. Just set everything up the night before ie. add water, coffee grounds and set the time to when you want it to start brewing so you don’t even have to wake up any earlier in the morning. This coffee maker costs $60 which means it will pay for itself in about 12 days. You can even fill up a thermos and have coffee all day long.
A new report estimates that the average American worker spends nearly $14.40 a week on coffee at coffee shops (I’m guessing they are talking about Dunkin Donuts because you can get about 2 coffees for that price at Starbucks). If my calculator typing skills are correct, then, $14.40 a week x 52 weeks = $748.80 a year at Dunkin. Or you could spend $60 for a coffee maker and about $6 for some ground coffee that will last a couple weeks which again let me bust out the calculator… let’s say a bag lasts 2 weeks. $6 per bag of coffee x 26 weeks = $156 + $60 coffee maker = $216 for the year on coffee (only for the first year since you only need to buy the coffee maker once). That’s a little better than $748 a year.

GET A CASH REWARDS CREDIT CARD
Use it to pay for everything you can – groceries, utilities, gas – and bank the cash rebates. JUST MAKE SURE YOU PAY OFF THE BALANCE EVERY MONTH or it defeats the purpose. You can find the best rewards cards that suit your needs at sites like NerdWallet.com

PROGRAMMABLE THERMOSTAT
A programmable thermostat has the potential to save you up to 20% on your energy bill. Instead of having your basic thermostat set at one temperature all day with a programmable thermostat you can make it so it is a few degrees either cooler or warmer (depending on what season) during the days when no one is home and programming it to have your heat/AC come on about an hour before anyone gets home so your house will be bearable when you get home. So for example if you are paying $2,000 a year in gas and electricity then with a programmable thermostat you can save up to $500 a year!

WATER PURIFIER
Did you know the average family of 4 spends about $400 a year on bottled water. Did you know that 45% of all bottled water companies are just tap water that’s been purifed? Did you know you can save $400 a year by purchasing your own water purification system?