104 Ways to Save Extra Money (New Ideas for 2022!)

Let’s save some money! Here are 104 ways to save money.

Why save money? Well, so you can afford your future. So you won’t have to rely on credit to get you by. So you can do some fun things. There are lots of reasons to do it.

Why 104? Because it’s double my other list, 52 Ways to Make Extra Money, and I like a challenge. Okay, let’s get started with the savings!

104 Ways to Save Money

1. Get a Piggy Bank

Put up a piggy bank at your home. This creates a visual reminder to capture those little handfuls of change you come home with.

At the end of the year, you’ll have a nice little savings fund for a fun purchase or to fund a real savings account.

2. Use Open Source Software

Utilize free, open-source software like OpenOffice (like MS Office) and Firefox Internet browser.

3. Get Cash Back for Your Online Purchases

Use a website like Rakuten.com (Formerly Ebates) to shop online. They will give you a percentage back on the money you spend online at hundreds of popular stores.

Combine that with one of the best cash-back credit cards, and you’ll really be saving money.

4. Use CFL Bulbs

Compact fluorescent lamps (CFLs) cost more on the front-end, but they will save you money and energy in the long run.

5. Combine Coupons with Local Sales

Save up coupons and use them in conjunction with sales at local markets. You can end up with items for free or at a greatly discounted price.

6. Drive Your Car Until it Dies

No car payments or big cash outlays—lower car insurance. Plus, you get the satisfaction of knowing you used this depreciating asset to its fullest potential.

7. DIY Greeting Cards

Design and print your own greeting cards. You can design and print a greeting card for around .50/card, which is a good price compared to $3.99 cards.

8. Use Cash for Better Negotiations

Larger ticket items definitely benefit from you waving around cash. You’re able to negotiate great deals when they see you’re a serious buyer.

My wife knocked $200 off her recent road bike purchase by showing the money and asking.

9. Consider the Reviews

Do your research before buying an expensive item (or even a not-so-expensive one).

Check reviews on Amazon (i.e., Amazon Kindle Reviews), look up reviews online, check a few forums, look up prices at different stores and you can easily save money. You might even find out the item you thought you wanted isn’t so great.

10. Get Store Refunds

Capital One Shopping is a free service that can help you save money on your online purchases even after you shop! Capital One Shopping assists you in getting money back after you buy something and it goes on sale.

Capital One Shopping can help you receive reimbursements when possible. Capital One Shopping also provides iOS and Android apps with a live feed of savings. [Capital One Shopping compensates us when you sign up for Capital One Shopping using the links we provided.]

11. Consider a Movie Subscription Service

If you currently spend a lot of money on entertainment at the theater or with movie rentals, consider saving time, gas, and money by subscribing to an online movie service like Netflix.

12. Clip Coupons

Find the best coupons in the Sunday paper every week for grocery and other household items.

13. Monthly Spending Review

Write down all the expenses you make in a month. Review the list and try to eliminate unnecessary expenditures. Consider using a budgeting tool like You Need a Budget to take your review efforts to a new level.

14. Avoid Financing at All Costs

Delaying instant gratification by saving for purchases before buying will hone patience and aid in bringing wealth and peace of mind to all who are exercised thereby.

This element of self-discipline may be one of the oldest, simplest, and most base elements of financial success, but regrettably, it has also become a lost art in our culture. Avoid financing and save for things before yofu buy them.

15. No Restaurant Challenge

Commit to dine only in your home for a week or an entire month, no dining out. See how much you can save by following this.

16. Do Free Activities

This is one of my favorite ways to save money. Find free stuff to do.

For example, on Sunday mornings, go to a big bookstore and read books in the store without having to pay for them.

17. Keep Larger Bills

Never break down your large bills. You’ll be less likely to spend it. Smaller bills get spent quicker.

18. No Second Thoughts

Only buy things that you really need. Avoid buying something you have second thoughts about or aren’t sure you’ll need.

19. Dine Out for Special Occasions Only

Only dine out for special occasions. You could get a week’s worth of food at the grocery store for the same amount you pay for a single dinner out for one person.

When you dine out, use a coupon from Restaurant.com or only go on holidays like Veterans Day or Memorial Day where servicemembers usually eat for free.

20. Consider Quality

Buy things of high quality even if it costs a bit more upfront.

Look back at all of the things you skimped on over the years and end up having to replace them earlier than you expected. Suddenly that big sale or off-brand item doesn’t seem like a good idea.

This doesn’t mean everything more expensive is better, but use your smarts and know when to spend to find the best bang for your buck instead of looking for the absolute lowest price on something.

“You get what you pay for” still holds true for many things.

21. No Credit Cards

Cut up the credit cards and live only on what you make. No interest. No late fees. No problems. If you currently struggle with credit card debt, consider the Tally App to help you.

22. Pack Your Lunch

Don’t go out for lunch every day; pack lunch instead. This can easily save you $50 a week.

23. Don’t Pay for Your Kids

If you dine out during the week, make sure you visit one of the many places that offer “kids eat free” specials. At least you won’t be paying for their meals.

24. Don’t Forget to Ask

Ask for a discount. We always ask about discounts and have found that many places we wouldn’t have thought of give unadvertised discounts.

For example, our preschool offered a discount to pay in full. And our plumber gave us a discount when we asked. As it turns out, many things are negotiable if you ask!

25. Savings Goal Reminder

Carry a list in your wallet of financial goals that you will see every time you take it out to buy something. Create online savings goals with SmartyPig.

26. Shopping Plan of Attack

Look at all the sale ads before grocery shopping and go to the store with the most sales. Write down a list before you go to any store, and it saves you from buying unnecessary items.

27. Vacation During No Child Care Days

Plan your vacation days on the days your children have half days of school or teacher in-service days. It yields more time with kids and lower child care costs.

28. Quit Your Bad Habits

Dining out, smoking, or excess partying. Every time you stop yourself from doing it, put the money you would have spent into your savings.

29. Meat Alternative

Meat is generally the most expensive source of protein. Beans and nuts are pound for pound more nutritious for your protein dollar and better for you too.

If you can’t stomach the idea of giving up beef, consider ordering your beef online through OmahaSteaks.com

30. Daily Spending Goal

Set a daily goal for yourself: how much money you’re going to spend during the day.

31. Deal of the Day Sites

Groupon.com is a fantastic site for getting great group deals from local businesses. The only thing to watch out for is the “I don’t need that but it’s such a great deal” syndrome.

32. Online First, In-store Second

One of the smartest ways to save money is to always do comparison shopping online before going to stores.

33. Consider a Stay-Cation

No need for a big expensive vacation. Take a week off of work and simply do a bunch of activities in your own hometown. Skip the hotel and airfare costs and spend more money on entertainment and dining out for the week.

34. Wash Your Own Work Clothes

If you need a lot of professional clothes for work, buy the generic equivalent of Woolite and wash your work clothes with it instead of regular harsh detergents.

It costs a bit more initially for the detergent but saves your clothes from fading, thinning, or frizzing, so you can wear them a lot longer and not have to buy new things. Also, I use Dryel instead of dry cleaning my clothes as much as possible.

35. Do it Right the First Time

If you are working on a car repair or home improvement, consider doing it right the first time. If you try and cut corners it will likely end up costing you more money in the long run.

36. Early to Bed, More in the Bank

Go to bed earlier. Saves light, heat (in the winter) and late night nibbles.

37. Create a Savings Category on the Budget

Make saving part of your budget and set saving goals. If you monitor your progress toward a goal you are much more likely to succeed in hitting that goal than if you just hoped to save money some day.

Monitoring anything makes you more aware of it. Gain more awareness of your goals and progress with You Need a Budget

38. Utilize Free Online Services

Dump the monthly subscriptions (use a free service like Trim to do this for you) and read newspapers and magazines online. Or at least get your magazines for free online using one of the many free offers.

39. Be Purposely Low in Cash

Do not take a lot of money with you when you go out, so even if you have the temptation to buy something you will not, if its really that important you will surely go back home to get the money.

If it’s not, then you just saved yourself from spending money.

40. Reduce Your Medical Bills

If you have a hospital bill, just call up the billing department and ask if you can get a discount for paying cash or if you can pay a lower amount.

Often they’ll be happy that they’re just collecting a bill and are willing to cut 10-20% off your amount.

We saved several hundred by doing this after my wife was hospitalized. If you want to save big on health care, consider a high-deductible health insurance plan.

41. Lower Your Interest Rates

Call your bank or credit card company to negotiate a better interest rate on your loan or outstanding debt. This can save you hundreds in interest payments.

42. Don’t Pay for Your Credit Report

Instead, visit AnnualCreditReport.com and get your truly free credit report. Get your credit score from the source at MyFICO.com. Or check out Experian Boost to get your report and a little boost to your score.

43. Kill the Energy Vampire

Connect all of your appliances to surge protectors and shut the switch off when you are finished using them. Most of today’s appliances constantly use electricity when plugged into the outlet.

44. Cut the Cable TV

Removing unnecessary or extra expenses like this is one of the easiest ways to save money. Move all your TV watching to online services like Hulu.com. It’s free and has fewer commercials.

45. Pay Yourself First

Put money in your saving account every paycheck. Make it the first thing you do and then pay all bills with your remaining funds.

46. Cancel Your Home Phone Line

Not using your home phone as much? Consider going to your cell phone for most of your calls. Install Skype on your computer to make computer to computer calls or cheap international calls. Video is better than voice anyway.

47. Work Out and Exercise at Home

Skip the monthly gym membership and start working out at home or in your neighborhood. Run or walk around the block. Rent workout DVDs from the library to do at home in front of your own TV.

48. Fuel-Efficient Auto

If you travel a great deal during the week, consider a high fuel-efficient, hybrid, or electric vehicle to save on rising gas prices.

49. Read the Fine Print

Do a thorough review of all your monthly bills. Study the fine print to see what you are being charged for. Cut out any charges for services you aren’t using.

50. The Savings Trade-Off

Think about saving money in terms of trade-offs; save money here, spend it there.

If you’re planning a vacation this year, keep that in mind as you are looking to save money elsewhere. It’ll give you a sense of accomplishment as you save more towards a particular goal and motivate you to be more creative.

51. Bring Lunch for Errands

When running errands around town, pack a lunch instead of eating out. This healthier alternative saves you time and money while watching your waistline.

52. Do-it-Yourself Home Repair and Improvement

You can do most basic home repairs yourself, if you take some time to study the manual or look online for video tutorials. And basic improvements, like painting, can be done cheaper if you use your own labor.

53. Stretch Your Coffee Beans

Use half of your used coffee beans in the next batch. Repeat this cycle, and you’ll only use half the recommended scoop each time.

Some coffee drinkers swear by this method. See more coffee-related tips in my ultimate guide to saving money on coffee.

54. Go on a Spend-Free Splurge

Commit to a week without spending new money. Make it a goal for one week to only spend money that you earn from selling old stuff or making returns.

55. Separate Your Savings

Set up a separate bank account with a bank other than your main bank. Deposit extra money in the account whenever possible. This will create a barrier between you and your savings. Of all the ways to save money, this is probably my favorite.

56. Start a Dinner Club

If you miss the social element of dining with friends, start having each other over to your houses and cook for each other. Similarly to eating at home, you can save money by making your meals instead of buying pre-prepared meals.

57. Talk Yourself Out of It

Install a dialog in your head that uses the following questions:

“Do I NEED this, or do I just WANT this? If I think I need it, do I have others like it, or will it fulfill a need I can’t meet without it? If I WANT it, will I really enjoy it and appreciate it, or is it just going to make its way to the back of the closet, the bottom of the toolbox, or the one-more-thing-to-dust category?”

58. Go Cash Only

Avoid using credit cards for a while. Spend only on things you can already afford with cash, or with your debit card. Find a good reward debit card to help you save even more.

59. Throw Out the “Deals”

Stop looking at deals and sales unless you are really in need of something. This means cancel all the catalog subscriptions and throwing out the junk mail when it arrives.

60. Invest with a Low-Cost Broker

Stop using an expensive broker that charges you an arm and a leg each time you trade. Use one of the best online stock brokers to do your investment trading.

61. Avoid the Deal Websites

Don’t visit online shopping or deal sites unless you have a plan for buying something you need. Doing so will tempt fate.

62. Consider a Refinance on Your Loans

With interest rates at historic lows, you may be able to significantly lower your monthly payment and overall interest owed on a loan by refinancing at a low mortgage rate.

63. Get Social Savings

Use social media, Twitter, Facebook, email etc and follow, fan or subscribe to companies whose products you regularly purchase.

You’ll get all sorts of deals and offers that way. You might be better off using a different account or setting up good filtering so you don’t get overwhelmed.

64. Use Only One Car

Get rid of the second car. Just trying to get by on one car may seem like a challenge, but it’s well worth it if you are a two-car family. How does at least $500 in insurance savings sound to you?

65. Skip the New Bottled Water

Don’t by bottled water to carry around. Simply refill a permanent container.

66. Grow Your Own Organic Veggies

Organics usually cost more than other veggies. Consider growing some of your own organic vegetables.

67. Don’t Believe the Price Tag

Realize that price tags are liars.

Most locally based retailers are willing to negotiate and therefore their price tags are just the starting points. Even managers at large national retailers will occasionally be willing to negotiate. It all starts with your willingness to ask.

68. Mend Your Own Socks

Yes. Repair your own socks. You can make them last three or four times as long as they otherwise would, and it really adds up.

69. Switch to Bio Fuel

Using biofuel for vehicles instead of Petrol / Diesel. It is environment-friendly too.

70. Limit the Impulse Buys

Try to limit impulse purchases. A few small items can add up quickly, and a major purchase like a new car can haunt you for years. Have a plan.

A marketer’s number one job is to separate you from your money. And there are a lot of good marketers out there. My rule is to never go shopping without a list or a clear idea of what I am looking for.

Otherwise, I’ll end up spending more than I had planned to spend.

71. Diversify Your Investments

Do not put all your eggs in one basket. Invest in stocks, mutual funds, bonds, real estate, etc.

72. Buy Store Brands

Most of these products come from the exact same factory as the “brand name” equivalentand you can usually find this on the boxbut they cost $1-$3 less.

73. Line Dry Your Clothes

Cut down on energy costs by drying your clothes on a clothesline. They have clotheslines for inside the home as well now.

74. Check Your Warranties and Ask for Free Repairs

If something breaks, don’t immediately run out to buy something new. Look to utilize any available warranties or free repair offers you can find. Some manufacturers are so proud of their products that they will repair them for free.

75. Raise Your Deductible

Raise your car insurance deductible to a higher level. One of the other quick ways to save money. This can cut your premiums by several dollars a month.

Just make sure you have the cash saved to cover the deductible in case something happens.

76. Budget for Irregular Expenses

Set up a monthly line item in your savings account for bills that don’t come due every month. For example, car repairs.

If you know that you will spend around $600 on car repairs every year, put $50 a month in savings so when the inevitable breakdown happens you don’t have to charge it on a credit card.

In the meantime, draw interest rather than having to pay it to someone else because you didn’t plan in advance. Consider You Need a Budget for your budgeting needs.

77. Get the Kids Involved

Involve your children in the process of saving money. For each coupon they bring home, split the savings with them.

For instance, if they give you a fifty cents coupon, give them twenty-five cents into their savings account. Thus, saving both for the family and the children.

78. Car Pool

If you drive a car going to work, ask some office mates who could ride with you so that they can share for gas money.

79. Wait 2 Days

On purchases over $100, wait 2 days to think it over before you actually make the purchase.

80. Make a List, Baby

Before buying anything, or even heading to the store, make a list so that you won’t be tempted to buy something more.

81. Utilize Online Coupon Sites

There are many websites that offer coupons that cannot be found in the Sunday paper. They are free to join and easy to use.

82. Two is Better Than One, in the Dryer

It might sound crazy, but tear dryer sheets in half for the dryer. A half sheet is just as effective.

83. Google for Promo Codes

When you get to the shopping cart, you’ll see a space to enter a coupon code or promo code.

Instead of just making the purchase, do a quick Google search for your item plus “promo code”. Maybe you’ll find a nice 10% off code to save you money at the last minute.

84. Buy with Your Reward Points

Don’t spend more than you normally would, but use a reward credit card throughout the year and accumulate reward points for your spending. Then use the rewards for your Christmas gifts or to help with a vacation.

85. Install a Programmable Thermostat

This awesome invention can help you save 10 to 20% on your energy bill. Makes saving a no-brainer.

86. Use Your Library More

Instead of buying books and renting movies, use your local library to check out books and movies for free. They also typically have free wifi and computers you can take advantage of.

87. Sweep the Kitchen

Save money by being a creative cook. Use ingredients on hand, rather than buying ingredients to make a specific dish. Food doesn’t go to waste and you’ll create some new and different salads, casseroles, etc.

88. Avoid the Bank Fees

Get rid of those monthly checking and savings fees. Move to an online savings account or online checking account and stop paying fees.

89. Free Eggs

Four chickens on a quarter acre of land provide free eggs, natural insect control, and free fertilizer.

90. Cure Your Savings

When shopping for over-the-counter medicines compare the labels between the generic and name brand items. Usually, they are the same and usually, you can get the generic for about 40 percent less than the name brand.

91. Practice Hypermiling

Drive slower, brake as little as possible, and keep your tires properly inflated. All will help to conserve on fuel expenses.

92. Truly Save, Not Spend Less

The best way to save money, is to deposit money in any bank as a savings deposit for use at a future time. Don’t confuse spending less with true savings.

93. Bundle Your Savings

Bundle your TV, Internet and phone services. This can typically save you good money each month. At a minimum consider a service like Dish Network for a little while. They will give you a great rate on your initial deal.

94. Don’t Be a Captive Consumer

Prepare in advance when you might be stuck in a place where the pricing gets marked up because of low competition (e.g. movie theater, airport, zoo, etc.). Bring your own snack, or eat at home just before heading to these places.

95. Invest in a Deep Freeze

If you have a big family, consider buying a deep freeze so you can buy more in bulk, and do more batch cooking.

96. Eat Before You’re Entertained

Eat your meals at home before going to theaters, sporting events, etc.

97. Brew Your Own Coffee

Stop spending upwards of $5.00 per day on a cup of coffee. Make it at home and bring it to work in a thermos.

98. Turn Off the Lights

Make it a habit to turn off the lights when you are the last person to leave a room.

99. Clean with the News

Use old newspapers instead of paper towels with an eco-friendly cleaning product to wipe glass surfaces.

100. Create Your Own Cleaning Rags

Cut up old clothes that have holes or stains and use them around the house for cleaning, dusting, and grease rags. Don’t buy paper towels anymore.

101. Split the Meal

Portion sizes are huge these days. When dining out, split a nicer meal with your significant other.

102. Buy Used from Craigslist

When you’re considering a purchase, first look at Craigslist to see if there is a lightly used version of the product you can purchase for a heavily discounted price.

103. Pay Less in Taxes Next Year

Shelter your money from taxes by putting it in a 401K or traditional IRA.

104. Get Excited About Saving

Find a passion for saving money. Not because you want to hoard all your cash, but because you want to use it for good.

Think about how many lives you could change if you saved more of your money to give it away. Or think about how great your kids future could be if you saved more money for their education and general well being.

And don’t forget about your own retirement. Enjoy watching your savings grow knowing that you won’t have to depend on someone else for your future.

Bonus Ways to Save Extra Money

Back when I originally posted my list, I received quite a few emails with more ideas for saving.

One of the better emails, from a reader named Amy, contained seven more ways to save extra money.

I thought it was a pretty solid list, so I thought I would share it here for you guys and invite you to list your best way to save money in the comments below.

105. Pay your bills on time

You’ll avoid late fees and finance charges and a better credit score means you’ll be offered better rates on other things.

You can add your utility and phone payment history to boost your credit score. Check out Experian Boost for more information.

106. Make gifts

Utilize an existing skill, learn a new one, or compile your own gift baskets. The person who has everything still needs tasty food.

107. Cancel subscriptions

Use a free service like Trim to cancel your unused subscription services. Read newspaper or magazines for free online or at the library.

108. Buy generic or store brands

Sometimes we end up paying more just for the label.

109. Lower the thermostat

Your family probably won’t notice if you turn down the heat by one degree (unless you tell them what you did).

110. Shop thrift stores

Inexpensive dishes, utensils, pots, pans, glassware, picture frames, tools, books, furniture……I could go on.

111. DIY cleaning supplies

Find recipes online to make your own glass cleaner and tub scrub using simple, cheap ingredients like white vinegar, baking soda, and dish soap.

112. Find the cheapest Gas

Hands down, the best way to find the cheapest gas in your zip code and cut fuel costs is by using GasBuddy.

They have a website at gasbuddy.com and they have their very popular mobile device app available for the Android and iPhone.

What are some other ways to save money? List them in the comments below.

Avatar About Philip Taylor, CPA

Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon.

He created Part-Time Money® back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence.

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  1. Avatar abdelaziz benhaida says

    Extensive and Great list, thanks for sharing.

  2. Avatar xowivyhid says

    and here’s 10 more extra ways to save money:

    1) drop the smart phone and get a “dumb” one. Save about $50 per month. Get a low-priced tablet (e.g., Kindle Fire) or use your old iPhone as a wi-fi only device. Wi-fi is available everywhere; you really don’t need to pay for cell-based data plans
    2) call your car and home insurance company and tell them you want to go through all your coverage because you found another carrier that is cheaper. They’ll probably help you “find” 10% off or more.
    3) speaking of car insurance – An expensive policy from GEICO, Progressive, etc. is not needed. You can find one usually for less than $25/month from Insurance Panda. If you spend too much on car insurance from one of those big companies, chances are you are simply funding their expensive TV ads with cute animals.
    4) compare what your house is really worth to your assessment. Many assessments have never been properly adjusted down to reflect the market over the last 4 years. We cut our property taxes by about 20%.
    5) re-fi your 30-year mortgage to a 15. The interest rate will drop by at least 50-75 bps, more depending on your current rate. The payment may go up slightly, but it is because you are paying off your loan faster. If it’s possible, get the mortgage paid off before the kids go to college. At a minimum, have it paid off before you retire. if you buy life insurance (which you should), don’t overpay. you can get $15 policies from places like Life Ant or gnworth.
    6) review your credit card bills for all the things you are paying $10-20 per month for that you no longer need. I bet everybody has at least a couple
    7) drop all magazine (paper and on-line) subscriptions. If you look around, you can find comparable content for free.
    8) review your investment portfolio for ways to replace higher fee mutual funds or ETFs with lower fee ones. S&P500 funds/ETFs shouldn’t charge more than 0.10% in fees. Fees may be higher for specialty funds, but they are all coming down fast. If your company 401K uses high-fee funds, talk to the folks in charge. A difference of 25 bps in fees will mean a difference of about 5% in your portfolio value after 25 or 30 years.
    9) and of course the most impactful — never carry a balance on a credit card. If you can’t resist, cut up the cards.
    10) save, save, save!

  3. Avatar Philip Taylor says

    SleeplessinChicago I’m glad it was a hit with you, Sleepless.

  4. Avatar SleeplessinChicago says

    After being laid off recently, I have been looking for tips on saving money and found this list to be the most comprehensive I have seen so far. It contains practically all aspects of existence and I will make an effort to incorporate more of these ideas into my lifestyle. Bottom line is that to have more money one needs to either make more or save more money. With the state of the current economy, the 1st option becomes next to impossible to achieve; therefore, saving money becomes so important. My husband and I practice many of the suggestions from the list: for example, eating in, making our own coffee, eliminating cable TV and telephone land line. The next items to incorporate into our living will be controlling the spending habits and utilizing “Need” vs. “Want” and waiting tactics for purchases over $100. Bravo on the list!