Here are 50 Money Saving Tips that you can follow day to day. With the current economic state, it is highly recommended that you save no matter how small or big it is. You should be preparing for your future. You are responsible for your future.

Managing Finances

1. Record Your Expenses

It takes a diligent will to do this but its all worth it. Try recording all your expenses no matter how big or how small it is. By doing this, you can monitor what’s going out of your wallet and you will be more cautious if your list is getting long. Recording you expenses must be done daily to ensure that all will be captured.

2. Make A Huge And On Time ATM Withdrawal

Because of the convenience and availability of ATMs, we tend to withdraw cash as often as we want. Unknowingly, we also tend to spend often with this style. Why not withdraw a huge amount one time then keep the cash and allot it as a budget within a specific time.

3. Avoid Too Many Credit Cards

Obtaining credits aren’t bad at all. We can have one or a few depending on our need. However, it is advisable if you only keep one for you expenses and then just keep a record of all your transactions for monitoring purposes. Paying the whole amount before due date must also be practiced to avoid interest to accumulate.

4. Do The 10-10-80 Method

This is allotting 10% for tithes, 10% savings, and 80% expenses. As you progress, you can change it to 10-20-70 or 10-30-60. Include in your list of expenses the bills that you need to pay monthly.

5. Do The Enveloping Method

Enveloping method is a conventional yet popular way of saving and budgeting. It is placing your budget in cash in an accordion typed envelope. The budget for every expense is written in every tab. You will only get money from there and then return if there are excesses.

Paying

6. Pay In Advance

Paying in advance will save you from the higher interest rates. This is true especially to credit cards. There are also monthly subscriptions that add finance charges when you pay late so avoid that to save up few cents.

Buying Groceries

7. Be Religious In Preparing Your Shopping List

Your shopping list is your guide and you must stick to it. When you create one though, you must only include your “needs” in priority and “wants” only if you have extra. You can also delay buying some of it especially if they are just “wants.”

8. Shop In Garage Sales And Make Your Own Garage Sales

Shopping is fun but when you spend all your money in shopping, it is not fun anymore. Try going on garage sales and you will surely find something worth buying. You can also throw your own garage sale so you can keep money from your old things.

9. Collect Coupons And Avail Discounts

Online sites, social media, and other forums offer coupon codes that can be used for discount. No matter how small the discount is, its still a discount and it will add to your savings.

10. Invest On Memberships To Get Perpetual Discounts

Grocery items that you buy on a regular basis look for products that offer memberships and give perpetual discounts to members. This is very useful for household products that you buy on a month per month basis.

11. Join Contests For Freebies And Discounts

Joining online contest is fun. Apart from meeting new friends in the internet, you can get freebies and discounts when you win the game or even by joining a game. Grab that opportunity for added savings.

12. Shop Before Closing Time

Did you know that discounts and freebies are more seen an hour before a store closes? This is also true on restaurants. Instead of letting the excess food be put into waste, they offer their product cheaper than the price during regular hours.

13. Do Not Shop In Convenience Stores

While small convenience stores are useful during emergency purchases (because they are usually open 24 hours a day), you must not do your usual grocery buying from them. Their price is significantly higher than that of the supermarkets.

14. Do Not Shop With An Empty Stomach

Your brain is most likely to tell you to buy and buy because you are hungry. You will end up buying more. So before you leave, fill your tummy with nutritious food.

15. Use Local Products

There’s a big savings when you buy local products. You are also supporting small businesses when you do this.

16. Do Not Be Attracted On The Product Packaging Read The Label

Read the labels. Sad to say, some manufacturers invest more on the packaging than on the contents. Read what you are buying and do not be overwhelmed with an attractive packaging.

17. Buy In Bulk

Since you have your list, buy those items that you can keep for months. Buying in bulk saves a lot. You can ask for the wholesale price which is very far from the retail price seen in the tag.

Buying Clothes, Shoes, and other Personal Effects

18. Shop Out Of Season

When there’s a high demand, prices go up. So if you can, buy things out of season. You can buy jackets and coats during summer and then swimwear during winter. You’ll be surprised how big savings you can get.

19. Shop During Sales

If you can still wait for the next sale, delay you’re shopping until it opens. Malls are offering as high as 70% discount.

20. Buy The Durable Brand

Not because it is cheaper, you will have big savings. If you buy a brand that is not durable, you are most likely to buy and buy and buy. Why not settle for the most durable? It may be costly but can be used for long term.

21. Have A Variety Of Clothes That You Can Interchange

Mix and match is the name of the game. Buy clothes that you can interchange. It’ll look like you have a lot of clothes but the truth is its just few pairs.

22. Shop Online

Shopping online is very convenient especially if you are miles away from the store. You can save gas or transportation cost. Though there may be shipping fee to cover, you can look for online stores that offer shipping for free. Or you can buy in bull to save on delivery fees.

23. Shop In Street Market

It’s fun to shop in street market. Since the street establishments does not spend much on rents, the cost of the products are considerably lower than that from the malls and boutiques.

24. DIY

DIYs are fun too. You can recycle old clothes, mix and match again, and presto! You have a new blouse or pants.

Buying Furniture and Gadgets

25. Buy According To Your Need

Buying furniture and gadgets is very costly. Make sure you buy because you need them. The advertisements of these products are very attractive. Be wise not to be misled.

26. Sell The Old One

Before disposing the old ones research if there are people who are interested in buying your old furniture items. What you will earn from selling can add to your budget when you buy a new one.

27. Try Using Second Hand

Try using second hand also. With just few fixes, these second hand gadgets and furniture can look brand new. Just be careful if electricity is involved. Buying a new one is better for electrically operated items to avoid accidents.

Work

28. Bring Your Own Food

Bringing your own food does not only provide huge savings, you can also be sure of a safe and clean food to intake.

29. Bring A Big Bottle Of Water With You Always

This will save you from buying drink and food often. If you are filled with water, you can schedule your meal accordingly without excessive intake.

30. Walk If You Can

If your work is only few blocks away from home, go for a walk. It’ll be a refreshing thing to do and you can save from gas and transportation cost too.

31. Do Car Pooling

Same with walking car pooling can save you from daily expenses on gasoline. You’ll also develop a good bonding moments with friends.

Health And Lifestyle

32. Have A Healthy Lifestyle

Living healthy is not all about exercising and dieting. This means you are preventing yourself to spend to hospitalizations, medicines, and other fees due to unhealthy living.

33. Invest On Few Supplements

Supplements can help prevent ailments. It is better to invest on prevention than cure.

34. Exercise At Home

There are lots of available exercise guide online which you can follow. All you need is a determined mind so you can work it out.

35. Jog With Friends

Jogging with friends is fun. You wouldn’t feel the tiredness as much as you are jogging alone.

36. Have A Regular Medical Check Up

Prevention is better than cure. Regular check up can determine if there is an upcoming ailment which can be prevented to happen.

Home, Entertainment, Recreation

37. If You Have Internet, No Need For Cables

Internet can also provide your favorite TV shows. You may cut the cable and refer to the internet should you like to watch.

38. Invest On Solar Powered Appliances

There are lots of appliances and gadgets that operate under solar power. Start switching to this because it does not only give you savings, but it also promotes green air.

39. Borrow Books

Why buy books if you can borrow? Go for a walk to the nearest library and start borrowing. Just buy the books that are rare.

40. Rent DVDs

You also need not buy all the DVDs you want. You can spare buying to some and allot few dollars to your topmost favorite movies.

41. Recycle

Check your closets, garage, and cabinets. You will see things there that you can reuse. For more tips, logon and you’ll be surprised that almost everything can be reused.

Communication

42. Avail Unlimited Data/Voice Plans

If your network can offer unlimited plans, go grab it instead of suffering from being charged by the minute.

43. Use The Internet

Communication is free using the internet. There are lots of applications you can download. You need not use your mobile phones.

44. Access During Off Peak

Should you need to use your phone, try calling during off peak. Not only the rates are lower, you will also be able to access easily.

Travel

45. Schedule Your Trip As Early As You Can

Scheduling a trip a year before is not impossible. You can buy airline tickets for a very cheap price if you do this.

46. Travel In Groups

Travelling in groups is like buying in bulk. If it’s a leisure trip, create group so you can avail huge discounts.

47. Avail Discounts

Do not hesitate to ask for discounts. You can talk to the travel company and ask for means how you can save. For sure they have package for you.

48. Buy Tickets And Packages During Off Peak Season

Again, buying during off peak is highly recommendable. Everything is cheaper because the demand is not that high. Who knows, you can travel for free.

49. Pack Own Food For Short Trips

If it’s a day trip and bringing your own food is possible, go do it. Share it with friend after.

50. Travel Light

Travelling light will save you from excess baggage fees.