I am guilty of once believing that I didn’t make enough money to save any.
That thinking led me to push financial freedom off into an undefined future where one day I would have enough.
What about you? Are you in the same boat?
If so, let me tell you that “one day” has arrived.
You do earn enough money to save if you know the right places to look.
Here are some strategies to free up some of your cash so you can save:
- Save on coffee: We’re not saying stop drinking coffee, but maybe make it at home a few times a week. Buy reusable filters for your K-cup coffeemaker to save money each time.
- Save on groceries: We all have to eat, but we all don’t have to pay retail. Download Ibotta, the No. 1 grocery-saving app, connect to your favorite grocers, add the cash-back offers you want, submit a photo of your receipt or link loyalty cards, and then wait for the cash to be deposited into your linked account.
- Save on gas: With gas prices hovering where they are, it sure would be nice to pay less. You can with Upside, a cash-back app that will earn you discounts when you pay at the pump. Download the Upside app (add promo code AFF20 to get a 20-cent cash-back bonus), link a debit/credit card, look for nearby gas discounts, claim your offer, get your gas, check in on the app, and get cash back.
- Save on purchases: With the free Capital One Shopping browser extension, you can save money when you shop online. Download the free browser extension, and it will automatically look for active promo codes and apply them at checkout. Use it on Amazon for comparison shopping to see if you are getting the product at a price you like.
- Save on subscriptions: With all the streaming options we have, it can be hard to remember which ones we pay for, especially if you start binge-watching all four seasons of The Crown on Netflix and forget all about Disney+, Hulu, Spotify, Paramount+, The Peacock, and, well, you get the idea. Trim is a service that finds and cancels old or unused subscriptions, which can save hundreds each year. Please note that Trim takes payment immediately. For example, if Trim saves you $10/month, they will request their 15% fee ($40) right away. But you keep 100% of the savings after that. Try Trim today.
- Save on insurance: Protecting your vehicle, home, or possessions (if you live in an apartment) is important, which is why we pay for insurance. To make sure you never pay more than you should, it’s important to do comparison shopping every year. Insurify uses patented AI technology to compare plans and find the right plan for you.
Free Workshop – Join our free Simplify Money Workshop
The *only* way to save money is to spend less than you earn. That means you need to decrease your expenses or increase your income.
We want to help you do both.
Join our FREE Simplify Money Workshop to learn the fundamentals of growing wealth. Because when you can spend less than you earn, your money has no choice but to grow. You will build your savings and pay down debt.
What’s more? We’ve got a bunch of free money-hacks to share with you:
- Hacks to lower your monthly bills
- Hacks to spend less on debt
- Hacks to start investing
- Hacks to increase your income by $20/month (with no extra effort)
This workshop has everything you need to accomplish the cardinal rule of personal finance: keep your income over your expenses.
Myth #4: Savings Account Interest Is Too Little To Matter
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