18 Awesome Ways to Save Money Every Month

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Many people struggle when it comes to saving money. Society tells us to spend and keep up with the Joneses. If you want to save money, you have to do the opposite. There are different things that you can do to help you save more. In today’s post, I will share with you 18 awesome ways to save money every month.

Divvy Up Your Paychecks

Many companies have the option where you can sort your money before you receive it. All you have to do is log onto your payment dashboard (ex. ADP) or contact your human resources department and divide your paycheck amount between your checking and savings accounts. This way, the money will be in your savings account before you spend it.

Plan Ahead

A great way of purchasing only what you really need and nothing else can be made possible by making decisions in advance. A simple thing like making a list before shopping will do wonders in helping manage your money. A shopping list reminds you of the things that you really need and so you will be less likely to buy something you don’t really require at the moment.

Lock Your Savings

If you are going to save effectively especially for emergencies, you will need to create barriers to accessing the money. Here, you could use Certificates of Deposit, an incredible option for a savings account, as you pay a penalty if you access them early.

Divide Your Money Into Envelopes

Dividing your cash among envelopes can help you to save. You can have envelopes with different categories like ‘rent’, ‘food’, ‘fun’, and ‘clothing’. If one envelop goes empty, then it is time to stop spending in that category. Additionally, seeing money dwindle in front of your eyes will help you spend wisely. Dave Ramsey talks about the envelope system in The Total Money Makeover.

Avoid Temptations

Next, on the list of how to save money every month is to avoid temptations. Removing yourself completely from situations that tempt you to spend more money is usually a great money management strategy. Over a period of one month, limit yourself to one or two shopping trips. When shopping, plan ahead, and have in mind what you are going for. Avoid looking at products not on your list as you will be tempted to spend.

Don’t Go Grocery Shopping Hungry

If you go grocery shopping while you are hungry, you will end up purchasing way too much, and ruin your budget. According to the Huffington Post, you should arm yourself with a grocery list to deter yourself from purchasing things that you don’t really need. I’ve made the mistake of going to the grocery store while I was hungry and every time, I purchase something that is not on my list.

Stop, Drop and Wait

In money management, you need to give your next purchase some good thought before you decide to go for it. I know that when swept up in bargain hunting and the heat of the moment, each deal might seem like it is too hot to pass up. You should have a waiting period to think about when it comes to many new purchases. Experts advise a timeline of 30 days, while others tell you to wait a day for every $100 in price.

Make Bulk Purchases

Many common items such as trash bags, toothpaste, and toilet paper add up fast. This is why purchasing them in bulk is always a great idea. Therefore, the next time toilet paper is on sale, stock up. You may be spending more upfront, but will save in the long run.

Save Your Rewards

Implement a cash-back rewards credit card for your expenses, pay the balance fully each month, and occasionally transfer the rewards offered to your savings account. That’s something that I will do a lot once I get out of more of my debt. One card that I’m considering isn’t even a cash back card, it’s a travel rewards card. The Southwest Rapid Rewards Credit Card allows you to collect points with every purchase. They are offering new users 50,000 points if you spend a certain amount within 90 days. For more information about the card, click this link.

Just Start Small

Habits are easy to make but pretty tough to break. Use this concept to your advantage by creating a savings habit now. To make it easy for you, start out really small. For example, you could start by putting your change in a jar every day. This tiny habit will eventually become part of your routine. In the long run, you can raise your savings goal and save money every month.

Divert It

Each time you happen to cancel a subscription or disconnect service, due to any reason whatsoever, divert that monthly payment into your savings account.

Think of Prices in Working Hours

Say, a new set of golf clubs costs around $300. That’s not bad, is it? After all, there are numerous expensive things you could purchase. But, before spending $300, frame this in a different way: How many working hours would it take you to make $300? If you earn $10/hour, then it would take you 30 hours of work – not mentioning taxes and other deductions that reduce the size of your paycheck. Now, ask yourself, are you ready to pay 30 hours of work for those clubs? At times, giving purchases a new thought is what your brain needs to help you manage your money.

Bank Your Unexpected Good Fortunes

The next way in this post on how to save money every month is one that I love. In case extra money happens to land in your lap such as refunds, bonuses, rebates, or any kind of windfall, spend a small percentage of it, and save the rest.

Turn “No” Into a “Yes”

Another trick you can use in money management is to view every “no” you say as a “yes”. For example, if your friends ask for lunch you cannot afford, don’t view turning her down as saying “no”. Instead, think of it as saying “yes” to a whole new set of opportunities such as going on a dream vacation, investing in your retirement, or even paying off your student loans.

Make it a Norm

Some individuals save every $5 or $10 bill that wanders into their wallet. Others will stuff each $1 they get into a change jar after every day. Every month, care to feed this extra cash to your savings account.

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Find a Partner

When you want to work out more, it is suggested that you find someone who will make sure that you do it every day. The same kind of reasoning applies to finances. Accountability partners work. Find someone that wants to save money every month as you do. This can be your friend or family member. Make an agreement that you will never make unnecessary purchases and if you happen to make that poor decision, text each other. The knowledge that you have to ‘report’ your bad actions is a great trick to help you in money management.

Picture Your Goals

If you are saving for a house, a dream car, or a vacation, cut out inspiring images from magazines and hang them on your wall. Make that dream car your computer’s wallpaper or create a Vision Board. This is a great technique to help with saving. Huge goals can be difficult and visualizing them helps you stay motivated.

Reward Yourself

The final way to save money every month isn’t hard at all. Every time you make a good effort to save, offer yourself a small non-financial reward. This will offer you more incentive to save more. You could relax with a bubble bath, watch a movie, or enjoy a lovely lie-in on Saturday morning.


Have you thought about growing your own food? If not, I want to let you know that it can be done. This article on Greenery Guide shows you how to grow vegetables at home to save money.

If you are a homeowner, you will want to check out this article that has tons of tips for home budgeting.

As the tips above show, saving money does not have to be a difficult thing to do. With the money management techniques, you can set more money aside and reach your savings goals a lot faster than you would have imagined.

Do you struggle with saving money?


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  1. Great tips! Being able to set up auto drafts from my check has really helped! Now the struggle is to keep my hands off of it once it is there!

    1. It can definitely be a struggle. Just stay focused.

  2. Good tips! I definitely try to use cash more so I can see exactly what I’m spending. I’ll have to work on that locked savings account though.

    1. Thanks for reading. I use cash a lot of the time as well.

  3. So important to be saving up now. Great tips

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