11 Best Money-Saving Tips from a Personal Finance Writer

When it comes to making the most out of your hard-earned dollars, every cent counts. Whether you're saving for a dream vacation, a down payment on a home, or simply looking to build a more secure financial future, careful budgeting and mindful spending can help you reach your goals. Below are 11 of my top money-saving tips, so you can maximize your savings and boost your financial well-being.

Create (and Stick to) a Realistic Budget

A solid budget is the backbone of any successful money-saving plan. Start by listing all your sources of income, then outline every fixed expense (like rent, utilities, and insurance) and variable expenses (groceries, entertainment, etc.). Free apps and online platforms—such as Mint, You Need A Budget (YNAB), or EveryDollar—can help you track your spending automatically. Once you see where your money is going, it’s easier to make informed decisions about where you can cut back.

Tip: Review your budget at the end of each month. This helps you adjust to changing circumstances and stick to realistic goals.

Build an Emergency Fund

Life is full of surprises—both good and bad. Having an emergency fund of three to six months’ worth of living expenses can be a lifesaver if you suddenly lose your job or face an unexpected medical bill. Keep these savings separate in a high-yield savings account, readily accessible when needed.

Tip: Automate transfers to your emergency fund each payday. Even small amounts add up over time.

Shop Smart and Use Coupons

Clipping coupons may sound old-fashioned, but it’s a tried-and-true method that still works. Whether you prefer printable coupons, digital coupons, or cashback apps like Ibotta or Rakuten, you can save a significant amount on everyday purchases. Many supermarkets in the U.S. also offer loyalty programs with extra discounts and personalized deals.

Tip: Don’t forget coupon stacking. Many stores allow you to combine a manufacturer’s coupon with a store coupon on the same item for maximum savings.

Control Food Costs

Food expenses can quickly drain your wallet if you rely on takeout or spontaneous grocery store trips. Plan your meals for the week and shop with a list—it’s easier to resist impulse buys when you know exactly what you need. Cooking at home not only saves money but also gives you better control over ingredients and portion sizes.

Tip: Double or triple your recipes so you can freeze leftovers. This cuts down on meal prep time later in the week and reduces food waste.

Lower Utility Bills

Energy costs can be a huge burden, especially during extreme weather. Small changes, like installing LED light bulbs, sealing drafty windows, and using a programmable thermostat, can lead to big savings over time. Many utility companies in the U.S. also offer rebates or free energy audits to help you identify ways to reduce consumption.

Tip: Unplug electronics and chargers when they’re not in use. “Energy vampires” can add a surprising amount to your monthly bill.

Master Negotiation

Negotiation isn’t just for buying a car. You can often negotiate lower rates on your cable, internet, cell phone plans, or even your credit card interest rates. If you’ve been a loyal customer or you find a competitor with better rates, use that information to your advantage.

Tip: Be polite and confident when you call customer service. Often, representatives have leeway to offer you promotional discounts or match competitor prices.

Rewarding Credit

If you can pay off your credit card balance in full every month, using a rewards or cash-back card can help you save on everyday purchases. Just be sure to use credit responsibly. The interest charges on unpaid balances can quickly outweigh any rewards you earn.

Tip: Focus on one or two rewards cards that match your biggest spending categories (e.g., groceries, travel) to maximize benefits without overcomplicating your finances.

Embrace Secondhand

The stigma around buying used is fading fast, especially with the rising popularity of thrift stores, online marketplaces like Facebook Marketplace, and resale apps such as ThredUp or Poshmark. From clothing and furniture to electronics and sporting equipment, buying secondhand can save you a bundle.

Tip: Check out local yard sales or community swap meets. You can often score high-quality items at a fraction of their retail price.

Subscription Audit

Subscriptions have proliferated in every aspect of modern life—from streaming services and music apps to gym memberships and food delivery clubs. Audit your monthly bank statements to see which subscriptions you’re actually using. If you’re not getting enough value to justify the cost, cancel it.

Tip: A simple Excel sheet or a budgeting app can help track recurring charges. You might be surprised by how many you’re still paying for unnecessarily.

Boost Your Income

Sometimes the best way to save more is to earn more. Side hustles—like freelance writing, dog walking, tutoring, or driving for rideshare services—can provide extra cash that goes straight into your savings. Many of these gigs let you set your own hours, making them easier to fit around a full-time job.

Tip: Dedicate all or most of your side-hustle income directly into your savings or debt repayment. It’s tempting to spend extra money, but channeling it purposefully helps you build wealth faster.

Set Clear Financial Goals and Track Progress

Saving money works best when you know exactly why you’re doing it. Define your short-term (up to one year), mid-term (1–3 years), and long-term (3+ years) financial goals, whether it’s a new car, a wedding, or retirement security. Knowing where you want to be makes it easier to stay motivated.

Tip: Visual aids can help. Keep a spreadsheet, use an app, or even place a physical vision board in a prominent place. Watching your savings grow and your goals get closer is a powerful motivator.