15 Simple Tips On How To Save Money

15 Simple Tips On How To Save Money

In today’s post, I am going to talk about 15 simple tips on how to save money. These are some of those topics that are interesting to read about and try to incorporate into your own life. Saving money, in general, is one of those hard things to do (especially with Covid-19), and reading about how others are doing it will hopefully help you get off to a good start. If you find anything from this list helpful then consider sending it to a friend that would also benefit from this information.

List of Money Saving Tips

  1. Thinking about going shopping? Consider making a list before stepping foot into the store.
  2. Adding to #1, make sure that when you go shopping, that you aren’t walking in with an empty stomach! This will help you not grab a bunch of stuff out of hunger
  3. The best thing to do is shop for food online. I’ve found that I pay a lot more attention to deals and savings, not over ordering, and there are no impulse buys. (source)
  4. Bring yourself lunch everyday instead of buying food (it’s worse for those that work at grocery stores)
  5. Want to go shopping on a budget? consider going to many goodwills and being surprised at what you can actually find. I got myself a sector 9 skateboard for $9 and it rides brand new.
  6. Use cash only for purchases day-to-day. It’s much harder to physically part with cash – and gives you a visual reminder of how much you have left every time you pull out your wallet – than it is to swipe a card. (source)
  7. Automate your savings. I have my check split into separate accounts through direct deposit. That way the money is out of sight, out of mind and you won’t be tempted to spend it. (source)
  8. Checking for coupons online and comparing prices at various establishments before making any purchase. Downloading apps for stores/establishments to get offers, discounts and coupons. For example today I almost bought some pens for $17 at Jo-Ann Fabrics but decided to wait until I can make a trip to a local art store tomorrow to buy the same ones for $9. A pretty basic tip but it saves me so much. (source)
  9. Learn to cook. After the first weeks, you can have breakfast done in five minutes, even while half asleep. Lunch and dinner are more nutritious, and your health overall is better. You invite friends over, because you cook, and then you have an extended network. Those friends know of work opportunities, and now you have more money.You find through that network your life partner, and impress them with your cooking skills and your handsome appearance, because you are healthy and maintain a nice group of friends. Learn to cook. (source)
  10. Here’s a mental hack to prevent yourself from making frivolous purchases: whenever you consider buying something, look at the price and work out how much time you have to work at your job to earn that much money. Then ask yourself “If I could get that for free by working for an extra hour and a half [or however much time it is], would I do so?” (source)
  11. Play the “poor game”. See how many days you can go without spending a penny. (source)
  12. What makes YNAB unique is their principle of “every dollar has a job.” They don’t believe in budgeting ahead, they teach budgeting what’s already in your bank. So, for example, when I get a paycheck, I divvy up that money where it absolutely needs to go before I get paid next. So, $100 towards food, $100 towards my cable bill that’s due in the next week, etc. What’s left over after the necessities goes into savings, creating an emergency fund, and/or paying off pre-existing credit card debt. Then when I get my next paycheck, same thing. Divvy it up only for what I need for the next two weeks (or whatever your pay period is). (source)
  13. Budget (and follow it), spend on needs (don’t sneak in wants into needs), put a month or more limit on wants (to think if you really want it, to find deals, wait for someone to sell it from facebook market/mercari/offerup), buy a 3-5 year or more old car (carfax and mechanic checks), move to a carrier like visible or cricket to get group savings (group with reliable friends or family – I pay 32$ a month all inclusive on cricket for everything unlimited). (source)
  14. buy in bulk, take advantage of ebates / swag bucks. Extra few percent back, take advantage of better credit cards and banks cash back, easy things like bing , google surveys could be an extra $100 a year too with no effort, take advantage of bonuses and referral links to join such as personal capital , sofi (few current ones ). Many small programs or companies will pay you to do something. (source)
  15. I do the same thing for video games and hours played per dollar. So whenever I see a new game I’m interested in I ask if the hours I’m going to spend playing it are worth the cost I try to get games only if I think the cost per hour of play time is $1/hr or less so if it is a $60 game I would want to get at least 60 hours out of it for it to be worth the price. (source)

I hope that you found the information in this blog post useful and don’t forget to send it to a friend that could also benefit from the reading. Thank you for supporting The Finance Starter and my journey towards building a profitable blog that will help others in the personal finance space. Like for starters, I am making about $3 a month from ads.


It has been a while since I last wrote, but I’m back. Today’s post is going to cover where to invest money to get monthly income. If you find this reading helpful in any way then consider sending it to a friend that could also benefit.

Investing in Dividend Stocks For Monthly Income

The first option that we are going to look at is putting your money into dividend stocks. When you purchase shares from a company, some will pay you a monthly, quarterly, or annually dividend for holding stock with them. Depending on the price of the stock and how well they’re doing will help determine how much is paid to investors.

Now the next question you need to ask yourself is how much do you want to make? The reason being is because you are going to need to invest a good amount of money if you’re thinking about possibly making $1,000-$10,000 a month.

For realistic purposes, we’ll analyze how to make $1,000 a month from dividends.

The data I gathered is from mystockmarketbasics.com

To make $1,000 a month from Disney, you’ll need about 6,700 shares ($122 per share). That is going to cost you around $818,606.

You are going to have to work your way up to this high goal due to the amount of money needed to make $1,000. But don’t get discouraged because invest little by little will help you reach it. It all depends on how you want to invest to hit your goal.

Now I am not saying that you should go right ahead and invest over $100,000 just to get paid $1,000 monthly. The best way to go about diversifying is splitting it between dividends, ETFs, and index funds. If you do invest all your money into dividend stocks then the income earned should be reinvested. The whole point is to have the power of compound interest on your side.

Read the rest of the post here.

The Case For Buying $UWMC

The case for buying United Wholesale Mortgage ($UWMC) is an interesting stock to look at because that hype started with Rocket Companies Inc ($RKT). Investors started buying $RKT due to the idea of another squeeze and now a lot of them are looking for $UWMC to also rocket. I enjoy reading r/wallstreetbets and how people … Continue reading The Case For Buying $UWMC

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