Are you wondering how to save money daily? Well, look no further. This article dives into 11 easy ways to save money every day.
Saving money is a challenging task, but it doesn’t have to be. With these 11 minor adjustments, you can save money in your day-to-day life.
Anyways, without further ado, let’s jump straight into how to save money every day.
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11 Ways to Save Money Daily
1. Don’t save payment information online
The first method on how to save money daily is through never saving your credit card information online.
Once your credit information is saved to your browser or website, it’s made super easy to make impulse purchases without a second thought.
Having your card information saved online is convenient, but it makes you more susceptible to making unnecessary purchases.
So, my advice is never to save your card information. If you ever need to buy something online, input your card details manually.
While inputting your card details, you might quickly decide that you don’t need the product, and you’ll have saved yourself some money.
It also gives you peace of mind knowing that your credit information isn’t there for taking if someone ever hacked into your browser.
2. Automate and round up your savings
Join a bank or investing app that makes it simple to automate and round up your savings.
It’s as straightforward as it sounds. Every time you make a purchase, your bank will round up the amount to the nearest dollar.
For example, an $8.11 purchase would round up to $9, with the $0.89 being automatically saved.
Most banks nowadays also allow you to schedule a payment every week, meaning that you can deposit into your savings at the beginning or end of every week.
This is a surefire way to save money because there’s no beating around the bush, and the bank does it automatically for you.
This method is excellent for saving for Christmas gifts, birthday presents, and so on.
I recently used this method to buy an M1 MacBook Air, which I saved from roundups and automated savings in six months.
Best banks that round up purchases:
– Acorns/Raiz: Get $5 when you use my invite code: 6P2KY
– UpBank: Australia only. Get $5 by signing up through my link.
3. Use cashback apps
If you’re an avid online shopper, then using cashback apps is the perfect way to save money.
Cashback apps are entirely free and give you a percentage back on purchases made through their links.
The rates can vary anywhere from 1% to 80%, and there are often upsized cashback deals. Meaning if there is a 12% cashback deal at Amazon, you’ll save $24 on a $200 purchase.
Most cashback apps cover thousands of stores, like Amazon, Apple, eBay, Target, Walmart, and heaps more.
I’ve saved over $500 from cashback apps like Rakuten and Shopback and use them nearly every week to save money.
Worldwide cash back apps:
- Rakuten (spend $25 through Rakuten and get $25 back)
Asia Pacific cashback:
- Shopback (spend $20 through Shopback and get $20 back)
4. Buy good quality products
One of my favorite ways to save money in the long term is to avoid buying cheap (budget) items.
While there are some excellent budget finds, buying cheap isn’t always the best option to save money.
When you buy cheap products like electronics, appliances, furniture, and clothing, they are much more prone to breaking quicker.
You may have gotten a good deal, but the products may only be built to last the 12-month warranty cycle.
If you buy high-quality products built to last, you won’t have to spend money replacing or repairing them as frequently.
I’m not saying always to buy the most expensive products; just keep an eye out for quality products and read customer reviews.
Items to never cheap out on:
- Mattresses: You spend 1/3 of your life sleeping, and having a good night’s rest is very beneficial to your overall health and wellbeing. Don’t cheap out on this one; otherwise, you can suffer back and neck pains for a long time.
- Electronics: Cheap electronics will often slow down or stop working altogether after a few months or years. I bought a $400 laptop that was pure junk, whereas my $600 secondhand MacBook has lasted me for over three years.
- Shoes: Cheap budget shoes can fall apart quickly and often don’t have the proper support.
- Tires: Good-quality tires are essential for traction and won’t wear down so quickly. Remember, good-quality tires aren’t just going to save you money; they’ll also be safer for your journeys.
So, instead of buying cheap products that will end up in landfills, purchase high-quality products that are built to last.
5. Cancel subscriptions
Nowadays, it seems like there are subscriptions to just about everything.
There are countless streaming services, gym memberships, food delivery services, clothing kits, and more to choose from.
While you may think that you need to keep up with it, you simply don’t.
It may seem like a good deal to have Netflix, Hulu, Disney Plus, HBO Max, but it really isn’t. Determine which ones you use most frequently, and cut the rest off.
The same goes with a gym membership. If you spend $15 a week on membership but only go twice a month, you’re better off throwing money away.
Seriously, determine which subscriptions you don’t need, and get rid of them as soon as possible. You’ll save both money and time.
6. Wait seven days before buying something
The seven-day rule is a strategy that helps you save money. Instead of impulsively purchasing an item or service, wait on it for seven days instead.
In those seven days, you’ll determine whether the item you’re purchasing is a need or a want.
It may be a silly impulse purchase or something you desperately need.
Once the seven days conclude, and you still want to purchase the item, buy it! At least you’ve ensured in seven days that you actually want the thing, and it’s not an impulse purchase.
7. Drink tap water
Drinking tap water is a speedy way to save money daily.
Instead of buying expensive bottled water, why not drink tap water instead?
If, however, tap water isn’t safe to drink directly from the source, you can filter it with a Brita instead.
Quick research shows that it would only cost $70 a year to filter two people’s water with a Brita pitcher compared to over $500 for bottled water.
That’s a saving of $430, simply by drinking filtered tap water. Also, it helps keep bottled water out of landfills.
8. Participate in a money-saving challenge
A fun and easy way of saving money are to participate in a money-savings challenge.
To participate, simply choose a circle every day/week, save the amount specified, and color the ring in. At the end of the 52 days/weeks, you should have saved up to the predetermined amount (like $1000).
Here are several free money-saving challenges you can download and print for yourself.
They make for excellent gifts and are perfect for introducing children to saving too! They range from $1000 to $12,000.
9. Save spare change and small notes
Another easy way to save money every day is by keeping all of your spare change and notes in a savings jar or tin.
It’s very straightforward. Every time you have spare change after using cash, put the coins and small notes into a jar. I like to save all change and all bills under 10 dollars.
A few dollars here and there may not seem like a lot, but it can add up to a massive amount after a year or two.
Let’s say you manage to save 95¢ a day; within a year, it can add up to $346.75. Not bad for spare change.
10. Join loyalty programs
Another way to save money daily is by joining loyalty programs for your most visited shops.
Loyalty programs reward customers who spend a lot of money or time at a business through discounts or cashback offers.
They also give you early discounts or access to promotions that otherwise may not be available to the public.
While I don’t recommend signing up for loyalty programs for shops you visit once a year, I do recommend signing up for ones you see weekly.
These could simply be your local grocery shop or discount clothing store.
Just a heads up, these loyalty programs do encourage you to spend more money. Still, if you take advantage of the discounts and coupons correctly, you can come out on top.
11. Brew your own coffee
The last method of how to save money daily is by brewing your own coffee at home.
Instead of getting your daily caffeine hit from an expensive coffee shop, why not make it at home for a quarter of the price?
My favorite thing about brewing my own coffee at home is that I can make it exactly how I like.
You choose your favorite coffee beans, milk, and creamer and make it precisely to your needs.
Buying a coffee every day: $3 x 365 days = $1095.
Brewing a coffee every day at home: 20¢ x 365 days = $73
Brewing your own coffee saves a massive $1022 per year; these prices are based on averages by Market Watch and can change with many factors.
So, save hundreds (if not thousands) by simply brewing your coffee daily.
As we can see, various ways can help you save money daily.
There are so many ways to save money, from rounding up your purchases to buying good quality products and saving spare change.
If you incorporate at least two of these methods, you should see an increase in your savings.
It’s minor amounts that add up over time, so don’t worry if you can’t save massive amounts. Just a saving of $15 a week can amass to $780 within a year.
Anyways, if you have any other tips for how to save money daily, make sure to leave them in the comments below. 😄
How do you manage to save money daily?