20 Sensible Ways to Save Money in 2017 Part 1

with 60 Comments

20 SENSIBLE WAYS TO SAVE MONEY IN 2017
It is easy for us to say that we save money or that we know how to save money, but, when asked how much we have saved in a year, we start guessing numbers like we’re betting in a lotto kiosk.  It’s a wonderful feeling of fulfillment when we actually know the amount that we’ve saved – or when we see our savings going up.

Here are some tips on how to save money:

  1.  Plan it –Start your plan by using a notebook and list WHAT you plan to save for and HOW you plan to do it.
  1.  Create a budget list – Identify a budget and keep track of your expenses.  Your budget can be a weekly or monthly list as long as you can stay within your boundaries.
  1.  Craft your grocery list – Going up and down each aisle in the grocery store can be tempting especially when your favorite items are on sale!  But, buy only what you need; don’t fill your cart with items just because payday has arrived.
  1.  Keep track of all your spending – Write down everything that you have spent money on so that you can analyze where your money is going.  Some items may seem insignificant – like a cup of coffee or eating out for lunch – but think about how many times you have spent impulsively and then add that up.  Sometimes, you don’t realize where your money has gone until you take the time to write out your expense list.  You’ll be surprised!
  1.  Collect all your receipts – Gather all your receipts and stack them by dates in an envelope every month as another way of tracking your spending.  Make it a habit to check your receipts since machines can make mistakes.  Or, perhaps you had a coupon or thought that an item was on sale and the cashier did not input the information.  It helps to check your receipt before you actually leave the store.
  1.  Find a way to cut some unnecessary expenses -  There are some things that you can do without.  Not only will you save money, but you improve your health at the same time.  For example, do you really need the extra bottle of soda or sugary snacks?  You’ll end up smiling that you did the right thing.
  1.  Pack lunch to work – Commit yourself to preparing a good healthy lunch instead of eating out.  Making something from home is always cheaper and you have the choice to choose what is healthier.
  1.  Dare to compare – Grocery stores and gasoline stations sell the same items, but sometimes one location can be cheaper than the other.  Compare prices and shop where the savings are bigger.
  1.  Go generic on prescription drugs – I frequently ask my doctor for an alternative generic drug for my prescriptions. Generic and prescription drugs can do the same exact thing.
  1.  Piggy bank your loose change – We have an empty bottle that we fill with pocket change.  It’s fun to see the bottle fill up and to guess how much money is inside.  By the time the bottle is full, there’s usually about $20 that we can use for groceries or gasoline.
  1.  Open a specific bank account – Saving should become automatic to you.  Open a savings account and make a commitment to use the funds only for an emergency.  (Determine what that “emergency” could be.)  Deposit any extra dollars that you have and don’t touch the money for any reason unless absolutely necessary.
  1.  Save money from your tax annually – Imagine if you have a five-year commitment of $500 per year of savings from your taxes.  It would save you about $2500 every five years and that money can be added to your savings.
  1.  Collecting coupons – Start collecting them from newspapers, magazines, and from the internet.  If you do your online research well, you should be able to save more from most of your grocery and shopping expenses.  But, only collect coupons for items that you can use.  Some coupons offer great savings, but you’re only wasting money if you are purchasing items that you don’t regularly use nor have a need for.
  1.  Unplug your electronics – Be mindful to unplug your coffee maker, toaster, oven, and charger after each use.  Doing this can save you a few dollars every month from your electrical bills.
  1.  Utilize the library’s e-books – Instead of buying books you’d like to read, browse the library for the latest e-books of the topic you’re looking for.  This will save you money…and space!
  1.  Get sale updates – Many stores promote their sales through email and text messages.  Sign up for sale updates and online coupons.
  1.  Limit your spending on family gifts – Unfortunately, even with good intentions, many family gifts go unused.  Be creative about what you purchase for your family and how much you want to spend.  Remember, not every gift has to be a material item.
  1.  Quality over the price – Always think ahead of the quality of an item over the price to avoid quick wear-out or products that don’t last as long. Consider the quality factors instead of buying something you’ll regret getting in the end.
  1.  Garage sale – Having a garage sale is still an amazing idea; what you no longer need could be the exact item that someone is looking for.
  1. Zero spending day – If you look around your home, you will realize how much you already have in your kitchen or closet!  Plan a day where you don’t spend a single penny on food by making something homemade with the ingredients you already have.  Or look in your closet for clothes that you haven’t worn yet.  You’ll probably find an outfit that you forgot you had!

 

I hope you’ve enjoyed the money tips I have written for you today.  You may have already thought about some of them, but it’s always a good remind to save money.

Share us your thoughts in the comment!

 

60 Responses

  1. MONNKA
    | Reply

    Very helpful! Thank you!

    • Pammy
      | Reply

      You are welcome Monnka. Have a nice day!

  2. Vijee Djega
    | Reply

    All nice tips. Am so good at planning and making lists but sometimes not so great in sticking to the plan. 😀 Your article helps!

    • Pammy
      | Reply

      Thank you Vijee! You gotta commit to your plan 😀 Have nice day!

  3. Vladimir Covic
    | Reply

    Nice tips. And very helpful as well. Thank you. I think keeping track of your spending is particularly important if you want to save money.

    • Pammy
      | Reply

      Thanks for commenting Vladimir! You are right. I wish you a nice day!

  4. Sonja
    | Reply

    Love your tips! Thanks for such helpful post!
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    • Pammy
      | Reply

      You are welcome Sonja. Glad you liked it. Have a nice day!

  5. Phaytea
    | Reply

    Taking lunch is a sure way to save some money…I do this sometimes

    • Pammy
      | Reply

      I agree Phaytea, it always do. Thanks for stopping by and have a nice day!

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  7. Ashvin Nankoo
    | Reply

    This is very helpful. I really need to create a budget list. I always tend to wing it and always, I means always spend more than intented which is very bad in the long term. Thanks for sharing!

    • Pammy
      | Reply

      Sounds a good plan! You are welcome. I wish you a very nice day!

  8. stacey
    | Reply

    I always piggy bank change, it adds up for sure. Here in Korea, its cheaper to eat out than to eat in though. What’s a gift?

    • Pammy
      | Reply

      Surely a good habit to keep a piggy bank! Good to know it’s different there in Korea. I wish you a nice day!

  9. Jay Colby
    | Reply

    I’m always looking for ways to save money. This was some very helpful information.

    • Pammy
      | Reply

      Glad you find this helpful Jay! Thanks for dropping by and have a wonderful day!

  10. Krysten
    | Reply

    This is a great list, I’m pinning it. I really need to create a budget list because my money tends to get away from me.

    • Pammy
      | Reply

      Thank you Krysten! Sounds a great plan and thanks for pinning it too! Wish you the best!

  11. Angela Milnes
    | Reply

    Such a good list and this is exactly what I need, Thanks for the tips I love saving money

    • Pammy
      | Reply

      Thanks Angela and I’m glad you liked it!

  12. Terri Beavers
    | Reply

    I want to save more this year and I’ve surprised myself on how much I’ve been saving just from turning off things, not in use. I saved almost $50 this month. I’ll try your other tips as well.

    • Pammy
      | Reply

      You are right Terry! Glad you find it very helpful 🙂 Thanks for dropping by and have a nice day!

  13. Agentszerozerosetter
    | Reply

    So interesting and useful! It’s always better to save some money when possible!

    • Pammy
      | Reply

      Glad you find it useful, I totally agree! Have a nice day!

  14. Sondra Barker
    | Reply

    This is a great list! I feel the create a budget list is essential in trying to save money!

    • Pammy
      | Reply

      It surely is Sondra! Thanks for stopping by! Have a nice day!

  15. Misty Nelson Dawn
    | Reply

    What a good tips and I love saving money. I think I need this post I will bookmark this and share to my sister too

    • Pammy
      | Reply

      Glad you liked it Misty! Thank you for sharing and I wish you a very nice day!

  16. Helene Cohen Bludman
    | Reply

    These are great tips. I love finding ways to save money.

    • Pammy
      | Reply

      Thanks for stopping by Helene and I’m glad you liked it!

  17. Ophelia Tang
    | Reply

    Great Post! These are great tips that I can really use. I have a bad habit of overspending and these tips will definitely help me.
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    • Pammy
      | Reply

      Thanks for stopping by! I am glad you liked it too. Of course, I love to visit your page xo 🙂

  18. Angie Scheie
    | Reply

    Great tips! Some seem like such common sense yet are so hard for me to do!! I’m definitely pinning this one!

    • Pammy
      | Reply

      Thanks Angie! You gotta commit to your plan and execute to achieve and start by believing you can. 🙂

  19. Elizabeth O
    | Reply

    Excellent list and tips. Everyone can benefit from learning new ways to solve old money issues and learn to save.

    • Pammy
      | Reply

      Thank you so much Elizabeth! I’m glad to hear you find it inspiring!

  20. Olga Parker
    | Reply

    Very helpful, thanks for sharing! I try to do everything you described 🙂

    • Pammy
      | Reply

      Thanks for stopping by! I’m glad you found it helpful 😀

  21. angie church
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    thanks for sharing the awesome list of tips you have for saving money. A few of these I do and a few others I believe I will try
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    • Pammy
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      Great Angie! It’s always best to save than never. I will surely visit your website and thanks for sharing!

  22. Wineldo Jean
    | Reply

    This is a great list for me as a student who needs to save money. Coupons are always your best friend no matter what lol.

    • Pammy
      | Reply

      That’s wonderful! 😀 I’m glad you liked it!

  23. Sadaf
    | Reply

    These are good but i thought there will be some apps for save money during shopping.

    • Pammy
      | Reply

      Hi Sadaf! Yes there are and since you asked, that is going to be my next blog topic and I will surely keep you posted 😀

  24. Sandra crespo
    | Reply

    These are great tips! I love number seven and number 10 I highly agree with those! Thank you for sharing

    • Pammy
      | Reply

      Thanks for reading Sandra! Have a nice day!

  25. Ana Ojha
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    I’m always up for tips in order to save money! Thanks for the great insights!

    • Pammy
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      You are welcome Ana! Thanks for dropping by!

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  28. Katrina gehman
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    those are awesome tips. we all need ways to save money. i’ll be saving this for later to review again.

    • Pammy
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      Thanks reading! Have a nice day!

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    I save my money by following most of your tips but i am so lazy to file my tax return.

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