100 Ways To Save Money In 2024 - News Article Today (2024)

Discover the Top 100 Ways to Save Money in 2024

In an era of financial uncertainty and changing economic landscapes, saving money has become a crucial aspect of personal finance management. Whether you’re looking to build an emergency fund, pay off debt, or achieve long-term financial goals, adopting money-saving strategies can make a significant difference. Here’s a comprehensive guide to the top 100 ways to save money in 2024:

1. Create a Budget: Start by outlining your monthly income and expenses to identify areas where you can cut back.

2. Track Your Spending: Use budgeting apps or spreadsheets to monitor your spending habits and identify unnecessary expenses.

3. Set Savings Goals: Define clear financial objectives such as saving for a vacation, a down payment, or retirement.

4. Automate Savings: Set up automatic transfers from your checking account to your savings account each month.

5. Cook at Home: Reduce dining out expenses by preparing meals at home and bringing lunch to work.

6. Use Coupons and Cashback Apps: Save money on groceries and shopping by using coupons and cashback apps.

7. Shop Smart: Compare prices online and look for sales, discounts, and promotional offers before making purchases.

8. Cancel Subscriptions: Review your subscriptions and cancel any you don’t use frequently, such as streaming services or magazine subscriptions.

9. Negotiate Bills: Call your service providers to negotiate lower rates on utilities, cable, internet, or insurance.

10. Use Public Transportation: Save on gas and car maintenance costs by using public transportation or carpooling.

11. Refinance Debt: Explore options to refinance high-interest loans or credit card debt to lower monthly payments.

12. DIY Home Repairs: Learn basic home maintenance skills to tackle minor repairs and save on professional fees.

13. Sell Unused Items: Declutter your home and sell unused or unwanted items online or at a garage sale.

14. Borrow Instead of Buying: Borrow books, movies, tools, and equipment from friends or local libraries instead of purchasing them.

15. Opt for Generic Brands: Save on groceries and household items by choosing generic or store-brand products.

16. Use Energy-Efficient Appliances: Replace old appliances with energy-efficient models to lower utility bills.

17. Lower Thermostat Settings: Reduce heating and cooling costs by adjusting thermostat settings when you’re away from home.

18. Cut Cable TV: Consider cutting cable and switching to streaming services for entertainment.

19. Pack Your Own Snacks: Avoid vending machine expenses by packing your own snacks and drinks.

20. Shop Secondhand: Buy clothing, furniture, and electronics from thrift stores or online marketplaces.

21. Maintain Your Car: Regularly maintain your vehicle to avoid costly repairs down the road.

22. DIY Gifts: Make homemade gifts for special occasions instead of purchasing expensive presents.

23. Use Free Entertainment: Explore free community events, museums, parks, and libraries for entertainment.

24. Buy in Bulk: Purchase non-perishable items in bulk to save money on groceries and household essentials.

25. Refill Water Bottles: Use a reusable water bottle and refill it from the tap to save on bottled water costs.

26. Cut Unnecessary Services: Assess memberships and services you rarely use and consider canceling them.

27. Plan No-Spend Days: Designate days where you refrain from spending money on non-essential items.

28. Use Credit Card Rewards: Maximize credit card rewards and cashback offers on everyday purchases.

29. DIY Home Decor: Create your own home decor using inexpensive materials and DIY tutorials.

30. Grow Your Own Produce: Start a garden to grow fruits, vegetables, and herbs and save on grocery costs.

31. Avoid ATM Fees: Use your bank’s ATMs or get cash back at stores to avoid ATM fees.

32. Adjust Insurance Coverage: Review insurance policies annually and adjust coverage to save on premiums.

33. Unplug Electronics: Save on electricity by unplugging electronics when they’re not in use.

34. Plan Meals in Advance: Create meal plans and grocery lists to avoid impulsive purchases.

35. Use Free Banking Services: Choose banks that offer free checking and savings accounts without monthly fees.

36. Negotiate Rent: Consider negotiating rent or moving to a more affordable housing option.

37. DIY Haircuts: Learn to cut your hair or trim bangs at home to save on salon expenses.

38. Use Frequent Flyer Miles: Redeem airline miles for flights and travel perks instead of paying full price.

39. Buy Pre-Owned Vehicles: Save on car depreciation by purchasing a quality pre-owned vehicle.

40. Shop End-of-Season Sales: Take advantage of end-of-season sales to purchase clothing and seasonal items at discounted prices.

41. Conduct Home Energy Audit: Identify areas where you can improve energy efficiency to lower utility bills.

42. Use Homemade Cleaning Products: Make your own cleaning products using simple ingredients to save on household cleaners.

43. Take Advantage of Employee Benefits: Maximize employer benefits such as retirement contributions and health savings accounts.

44. DIY Home Improvements: Tackle home improvement projects yourself instead of hiring contractors.

45. Use Cash for Purchases: Paying with cash can help you stick to your budget and avoid unnecessary debt.

46. Shop Off-Season: Buy holiday decorations, gifts, and clothing during off-season sales for significant savings.

47. Participate in Loyalty Programs: Earn rewards and discounts through loyalty programs at your favorite stores and restaurants.

48. Repair Clothing: Learn basic sewing skills to mend clothing instead of replacing it.

49. Cancel Unused Gym Memberships: Opt for outdoor activities or home workouts to save on gym membership fees.

50. Host Potluck Dinners: Organize gatherings where everyone brings a dish to share to save on food costs.

51. Take Advantage of Free Trials: Try out subscription services using free trial periods before committing.

52. Utilize Community Resources: Access community centers, libraries, and resources for free or low-cost activities.

53. Volunteer for Discounts: Offer your time or skills in exchange for discounts or free services.

54. Learn DIY Repairs: Fix minor home and car repairs with online tutorials and DIY resources.

55. Refurbish Furniture: Give old furniture a new look by refurbishing and repurposing it.

56. Compare Insurance Rates: Shop around for competitive insurance rates to ensure you’re getting the best deal.

57. Utilize Online Deals and Discounts: Use websites and apps to find coupons, deals, and promotional codes.

58. Borrow Tools: Borrow specialized tools from friends or neighbors for one-time projects.

59. Host Movie Nights at Home: Stream movies at home instead of going to theaters to save on entertainment costs.

60. Batch Cooking: Prepare meals in large batches and freeze portions for later use to reduce food waste.

61. Plan Staycations: Explore local attractions and activities instead of traveling long distances for vacations.

62. Use Energy-Saving Light Bulbs: Replace traditional light bulbs with energy-efficient LED or CFL bulbs.

63. Refinance Mortgage: Consider refinancing your mortgage to lower interest rates and monthly payments.

64. Practice Mindful Spending: Pause before making purchases to determine if they align with your priorities.

65. Opt for Free Educational Resources: Access online courses, tutorials, and

workshops offered for free.

66. DIY Pet Grooming: Groom your pets at home instead of using professional grooming services.

67. Skip Expensive Coffee: Brew coffee at home and bring it with you in a reusable mug to save on coffee shop expenses.

68. Participate in Cashback Programs: Earn cashback on purchases through credit cards or cashback apps.

69. Use Public Wi-Fi: Save on data charges by using public Wi-Fi networks for internet access.

70. DIY Holiday Decorations: Make your own holiday decorations using recycled materials and craft supplies.

71. Monitor Utility Usage: Track utility consumption and adjust habits to reduce monthly bills.

72. Use Free Financial Tools: Take advantage of free budgeting apps and financial calculators to manage money effectively.

73. Invest in Energy-Saving Appliances: Upgrade to energy-efficient appliances to reduce long-term energy costs.

74. Attend Free Workshops and Webinars: Learn new skills and gain knowledge through free workshops and webinars.

75. Opt for Free Health and Wellness Activities: Explore free yoga classes, hiking trails, and outdoor workouts.

76. Negotiate Health Care Costs: Negotiate medical bills and explore affordable healthcare options.

77. Cut Out Unnecessary Subscriptions: Review monthly subscriptions and cancel those you don’t use frequently.

78. DIY Pest Control: Use natural remedies and preventive measures for pest control at home.

79. Use Open-Source Software: Opt for free open-source alternatives for software and productivity tools.

80. Participate in Clothing Swaps: Exchange clothing and accessories with friends or attend community clothing swaps.

81. Make Your Own Gifts: Create personalized gifts for birthdays and holidays instead of buying expensive presents.

82. Repair Electronics: Learn basic electronics repair skills to extend the life of gadgets and devices.

83. Cancel Unused Memberships: Assess gym memberships, club dues, and subscriptions for savings opportunities.

84. Plan Financially for Special Events: Set aside funds throughout the year for birthdays, holidays, and celebrations.

85. Opt for DIY Landscaping: Maintain your yard and garden yourself instead of hiring landscaping services.

86. Use Free Financial Counseling: Seek advice from non-profit organizations offering free financial counseling.

87. Purchase Used Textbooks: Buy used textbooks or rent them instead of buying new for college savings.

88. Negotiate Rent Increases: Advocate for reasonable rent increases or seek alternative housing options.

89. Leverage Employee Discounts: Take advantage of employee discounts offered by your employer.

90. Reduce Food Waste: Plan meals based on ingredients you already have to minimize food waste.

91. Utilize Rewards Programs: Accumulate rewards points and redeem them for discounts or freebies.

92. DIY Home Pest Control: Use natural remedies and preventive measures for pest control at home.

93. Skip Extended Warranties: Evaluate the necessity of extended warranties on purchases.

94. Review Insurance Policies: Regularly review insurance policies and adjust coverage to save on premiums.

95. Participate in Cash-Back Programs: Earn cash back on purchases through credit cards or cash-back apps.

96. Use Public Transportation: Reduce transportation costs by using public transit or carpooling.

97. Negotiate Cell Phone Plans: Contact your provider to negotiate lower rates or switch to more affordable plans.

98. Use Generic Medications: Opt for generic prescriptions to save on healthcare costs.

99. Plan Budget-Friendly Vacations: Research budget-friendly destinations and accommodations for vacations.

100. Stay Committed to Saving: Stay consistent with your savings goals and celebrate milestones along the way.

By implementing these 100 money-saving strategies, you can make significant strides towards improving your financial well-being and achieving greater financial freedom in 2024. Whether you’re making small adjustments to your daily habits or reevaluating major expenses, every effort contributes to a stronger financial future. Remember, saving money is a journey that requires dedication, discipline, and perseverance, but the rewards of financial security and peace of mind are well worth the effort.

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100 Ways To Save Money In 2024 - News Article Today (2024)


What is the savings plan for 2024? ›

If you're just eyeing your retirement savings goals for this year, you can start with some good news. For 2024, the limit for workplace retirement plan contributions is $23,000, up from $22,500 last year, according to the IRS. That limit also applies to 457, 403(b) and the federal government's Thrift Savings Plan.

How to save more in 2024? ›

If you're struggling to get a better handle on your household finances, here are six ideas to help you save money in 2024:
  1. Shop around for car insurance. ...
  2. Consolidate high-interest debt. ...
  3. Use a monthly budget. ...
  4. Focus on small changes. ...
  5. Get credit help from a professional. ...
  6. Earn better rates on your savings.
Feb 1, 2024

How to cut costs, pay down debt, and save more money in 2024? ›

  1. Create a balanced budget. Many financial experts advise people to allocate their budgets using the 50-30-20 method. ...
  2. Cut back on big fixed expenses. ...
  3. Spend less on your must-haves ... ...
  4. ... ...
  5. Make a plan to pay down debt. ...
  6. Save for the unexpected — and the expected. ...
  7. Increase your cash flow. ...
  8. Check in on your investments.
Jan 2, 2024

How to budget in 2024? ›

How to create a smarter budget for 2024
  1. Set aside money for savings each month. One key to creating a successful budget is thinking both short- and long-term. ...
  2. Autopay your credit cards. Using credit cards can be a good idea in certain cases. ...
  3. Cut subscriptions. ...
  4. Track your spending.
Dec 28, 2023

How to save $1000000 in 5 years? ›

Saving a million dollars in five years requires an aggressive savings plan. Suppose you're starting from scratch and have no savings. You'd need to invest around $13,000 per month to save a million dollars in five years, assuming a 7% annual rate of return and 3% inflation rate.

How to save up $100,000 in 3 years? ›

I focused on saving 40% to 50% of each paycheck and anything extra. After my 401k, other deductions and taxes (my tax rate was ~25%), the first year I earned somewhere around $1350-$1400 a paycheck. I tried to save at least $500 to $700 of every paycheck and because I kept my expenses low, this wasn't hard to do.

How to save $1000000 in 10 years? ›

In order to hit your goal of $1 million in 10 years, SmartAsset's savings calculator estimates that you would need to save around $7,900 per month. This is if you're just putting your money into a high-yield savings account with an average annual percentage yield (APY) of 1.10%.

How to save $1000000 in 30 years? ›

To save a million dollars in 30 years, you'll need to deposit around $850 a month. If you make $50k a year, that's roughly 20% of your pre-tax income. If you can't afford that now then you may want to dissect your expenses to see where you can cut, but if that doesn't work then saving something is better than nothing.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

How to get rid of $100,000 in debt? ›

Here, experts share their best tips on how to eliminate $100,000 of debt.
  1. Recognize You Have a Big Problem on Your Hands. ...
  2. Make a Plan. ...
  3. List Out All Your Debts. ...
  4. Create a Hard Budget. ...
  5. Focus On Paying Off Debts With the Highest Interest Rates First. ...
  6. Don't Skimp On an Emergency Fund. ...
  7. Get a Personal Loan To Consolidate Debt.
Feb 15, 2024

How to pay off debt when you are broke? ›

  1. Step 1: Take Inventory of Your Debts. ...
  2. Step 2: Create a Realistic Budget. ...
  3. Step 3: Avoid Any New Debts. ...
  4. Step 4: Try the Debt Avalanche Method. ...
  5. Step 5: Consider the Debt Snowball Method. ...
  6. Step 6: Increase Your Income. ...
  7. Step 7: Negotiate a Better Rate. ...
  8. Step 8: Increase Your Credit Score.
Apr 16, 2024

How to pay off $10,000 credit card debt? ›

7 ways to pay off $10,000 in credit card debt
  1. Opt for debt relief. One powerful approach to managing and reducing your credit card debt is with the help of debt relief companies. ...
  2. Use the snowball or avalanche method. ...
  3. Find ways to increase your income. ...
  4. Cut unnecessary expenses. ...
  5. Seek credit counseling. ...
  6. Use financial windfalls.
Feb 15, 2024

What is the US debt in 2024? ›

U.S. publicly held debt 2013-2024

In March 2024, the public debt of the United States was around 34.59 trillion U.S. dollars, almost two trillion more than in July when it was around 32.6 trillion U.S. dollars.

How to start saving money fast? ›

28 ways to save money
  1. Automate transfers.
  2. Count your coins and bills.
  3. Prep for grocery shopping.
  4. Minimize restaurant spending.
  5. Get discounts on entertainment.
  6. Map out major purchases.
  7. Restrict online shopping.
  8. Delay purchases with the 30-day rule.
Mar 26, 2024

Is it possible to save $100,000 in 5 years? ›

You can save 100k in as little as five years with our helpful guide and tips to save. The common mantra on wealth-building blogs and investor forums is that the first $100,000 is the hardest to save. And well, yes, it is. But it's not impossible, so long as you're willing to crunch the numbers and make some sacrifices.

How to save $10,000 in 5 years? ›

5 simple ways to save $10,000
  1. Reevaluate your utility providers. Once you pick your electricity, phone or internet provider, it's easy to become complacent and not look for better options down the line. ...
  2. Cut back on eating out and takeaway. ...
  3. Reduce your entertainment costs. ...
  4. Set up automatic saving payments. ...
  5. Buy second hand.
Sep 23, 2022

What is the 3000 dollar savings plan? ›

A new year provides the ideal opportunity to set financial resolutions. If you want to save $3,000 next year, you may want to break your goal into smaller monthly goals so it feels more achievable. Setting aside $250 each month means you'll have $3,000 saved by the end of 2024.

How to save $3,000 in a year? ›

If you save $11-12 every weekday, for 52 weeks of the year, you get about $3,000. Now, if you also eat out a lot for dinner, eating in for dinner would save you just as much. And if you eat out on weekends, your total amount saved by cooking for yourself could reach $7,500 or more.


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