Finance Friday, Saving

The Secret to Saving Money Everyday

With the countless tips, tools and hacks out there for saving money, one would think that it would be easier for everyone. Unfortunately, even though there are so many ways to save a few bucks, there are even more temptations and enticing new products that seem to scream for our money every day.

But not to worry– there are several ways you can keep more money in your wallet without depriving yourself or your family of the things you want. By utilizing the following strategies, you can easily slash hundreds from your monthly spending.

1.  Maximize Savings Using Coupons

Coupons are a great way to save money on groceries and other everyday products. Start clipping them from your Sunday paper or go to a website like and print them out. Chances are, there is a money-saving coupon for over half of the items you are going to buy every day, and there is literally no reason not to use them.

2. Buy Generic

Most generic or store-brand household products contain the same ingredients as the more expensive name brands. You do not have to buy generic for everything (generic foods, for instance, may not always taste as good as the name brands), but items like medication, detergents, soaps and other household items are just as good and nearly identical to popular brands, aside from the label.

3. Avoid Eating Out

One of the oldest tricks in the book, eating at home more often than out at restaurants will add significant savings to any budget. It is simple and easy to eat breakfast and dinner at home, and there are even some simple ways to cut spending even when you are not at the house. For instance:

  • Take leftovers from dinner for lunch the next day
  • Brew your own coffee at home in the morning
  • Buy groceries specifically for packed lunches (i.e., prepackaged kids’ lunches, salads, sandwich meat, etc.)

Saving Money

4. Plan Your Weekly Meal Plan

Creating a weekly meal plan for your family kills several birds with one stone. It takes the hassle out of last-minute dinner preparation; streamlines your grocery shopping; and helps your family eat more healthily. Additionally, planning your meals and preparing a grocery list will always help you save a lot of money from your food budget.

5. Upgrade Your Light Bulbs

LED bulbs are more expensive than traditional incandescents up front, but the reduced energy utilization and a longer replacement cycle of LEDs make up the difference. LED bulbs last at least twenty times longer and use roughly 20% as much energy as incandescent bulbs. You will only have to replace your new bulbs 5% as often as before, and this upgrade helps you feel a little better about your impact on the environment.

6. Always Build Your Credit

Whether you have good credit, fair credit, or bad credit, work on building it up. Not only is credit used to decide your rate on loans, but utility and insurance companies have started using credit scores to regulate your monthly surcharge. Additionally, credit reports are often reviewed for job applications, rental applications and other similar situations.

Simple, responsible credit card use can have a significant impact on your credit. Even if you do not feel you need one, you could get a card from or similar sources just for credit-building purposes.

7. No-spend Day

A weekly no-spend day can really add mega savings to your household. However a no-spend day’s real power lies in the ability to make you more conscious about your spending. For instance, if you know that tomorrow is your no-spend day, you will have to think ahead of all the things you might buy tomorrow– like lunch, gas and other necessities– so you can take care of them today.

8. Be Realistic

When planning how to save or how much money to save, be realistic with your goals. For instance, if you eat out most nights or buy a daily morning coffee, don’t plan on going cold-turkey because you are likely to fail. Unrealistic savings goals, strategies and plans can be counterproductive and cause you to give up quickly. Making gradual changes to your spending habits will make it more likely that you will stick with them.

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  • Marvin Zinn

    Good advice can be stolen: Despite the difficulty, I am glad I can now recognize innocent people in jail. Because of a false accusation, I had to borrow money just to survive; impossible to save anything. Now I am more likely to help someone instead of believing what another person speaks against them.

  • Great tips! I think I’m a “G” when it comes to saving money on my purchases. I’m always looking for a deal!

  • These are really great tips! As a Black /AA person I made certain to teach my son about credit because I never got that lesson until it was too late. I know my parents did the best with what they knew but we have to do better for this and future generations! Thanks for sharing!

  • Eating out is always a big thing for me. one of my goals for 2018 is to learn how to cook better than any takeout.

  • Terri Huggins

    I needed this reminder to buy more LED light bulbs. Slowly but surely I’m switching mine out to save that money

  • Carissa

    Great Tips! I have become better over the years with paying close attention to my coupons and what is really a deal or not!

  • Eva

    Great tips! I need to put no spend days on the the calendar. Eating out is a real problem. We don’t use the microwave, so we have to cook for real, and sometimes we are so busy, I just don’t feel like it. I have to work on that.

  • I’ve never declared no spin days but they happen organically. I need to meal plan better, that is a tough one for me. We don’t eat out a lot which is good. However I could bump up my coupon skills.

  • A weekly no spend day. I’m going to have to implement that STAT! Great tips as usual from you Elle!

  • Kasi Perkins

    These are great tips! I’m currently working to meal plan, I know it’ll help save a lot.

  • Daria Vinning

    Great tips! I believe in my coupons for a deal. Meal plan some days work good for lunch other days are not so great. If it was just me in my household I know I could pull off all of these but unfortunately that is not the case. I do what I can though, to be more mind conscious of it. Thanks for sharing and great advice.

  • Felecia Monique

    Definitely getting into coupons now!! Needed this post as a reminder!!!

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