How To Start Saving Money: 7 Tricks You Can Easily Do

Saving money never seems easy when you are not doing it. Knowing a few simple tricks on how to start saving money will make your life just that bit easier.

We don’t save nearly enough money according to many different studies.

The personal savings rate in the US is less than 8%. And in the UK it’s less than 6.5%.

58% of Americans have less than $1000 in savings and 15% of British people have no savings at all!

So it’s easy to see why we could do with a few tips on how to start saving money.

In the ideal world, everyone would have a juicy emergency fund with 3-6 months of living expenses saved.

As well as retirement accounts, vacation savings accounts and sinking funds for the expected but irregular bills.

couple doing their finances with paperwork and calculator surrounding them to signify how to start saving money

Starting Afresh Today

If that seems like a whole heap of saving that right now you are not doing then let’s break it down a bit further.

Don’t get put off by the thought that you aren’t where you need or want to be.

Be encouraged by the fact that you are now thinking about saving money.

It’s more than a lot of people are doing right now.

Saving money is HARD when you haven’t done it in a long time.

It takes effort, practice and for you to make some changes to the way you spend.

Knowing a few tricks to save money can really help you get started.

For me, as someone who has never earned a large salary, I struggled for many years to save any money at all.

Knowing the simple tricks for how to start saving money, just a small amount, is what helped me go from being permanently broke to being mortgage free 10 years early.

As the saying goes:

It’s the small things that count

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How To Start Saving Money

It can seem like an impossible feat to go from never saving money to actually doing it, month after month.

The simple truth is if you are wanting to know how to start saving money it’s that you need to be accountable to yourself.

It can be as little as $1, the amount is not important, it’s the money saving habit you are trying to build that is.

You are the only person that can save your money, no-one else is going to do it for you.

So if you are sat here saying you want to save money then please, do yourself a huge favor, and work out what you are going to do and why you want to.

Saving money is important so knowing why you want (or need) to save money is half the battle.

When you get tempted to spend a bit more than you should, you can remind yourself why you shouldn’t spend right now.

Related posts:

How To Save $500 A Month When You Stop Buying These Things

21 Money Saving Tips For Beginners – How To Start Saving Big NOW!

Come and follow me on Pinterest for more money saving hints and frugal tips!

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Developing The Savings Habit

The second thing you should understand that saving money is all about developing a new habit.

And habits take a little time to bed in and become exactly that, a habit.

Initially it might seem strange to not spend all your money or to deliberately not buy something because you want to make savings.

But when you start saving money on a regular basis it becomes easier.

The more automated your savings habit is, the easier it is to keep it going.

If you can, automate some savings to go into a separate account as soon as you are paid.

Use these tricks to save money to increase how much you can save.

Every extra $1 you save is money in your pocket.

Related posts:

The Best Money Habits To Transform Your Wealth And Happiness

Best 11 Habits Of Frugal People That You Need To Know

Grab your copy of the money saving mini bundle and get started on your money saving journey

How To Save Money – 7 Tricks You Need To Know


1. Round Up Your Money

Cents and pennies add up, even though they are very small amounts of money in their own right and you wouldn’t get very far with just a few of them.

But rounding up your purchases to the nearest dollar or pound and saving the change can add up over the course of just one month.

Think about it, how many purchases do you make that end in .99, or .97?

You won’t miss that tiny amount of change on each transaction.

If you do a hundred transactions a month (very easily done!) then that’s a minimum of $1 saved.

Even better, many accounts actually have this feature so they will automatically transfer your change into a separate account.

There are also apps that have this feature. Here in the UK, Monzo, Starling and Revolut offer a save the change feature.

Most people who use a save the change app or bank feature save upwards of $10 or more.

Over 12 months that’s $120.

You may also like:

10 Ways For How To Manage Money Better

5 Money Saving Swaps When You Need To Make Cuts

advert for eat at home meal plans

2. Use A Meal Planning Service

This might seem strange to you but if you don’t have your grocery shopping down to a fine art then you will save money using a meal plan service like Eat AT Home Cooks.

To make your life easier, it can make sense to actually spend $7 a month for Eat At Home Cooks to organize your entire monthly menu of meals for you.

And of course it’s not just a basic meal plan, they offer 4 different meal plans to choose from (and you get 21 meals a week).

Plus the recipe instructions and the shopping list of ingredients you need.

Using Eat At Home Cooks allows you to try new recipes and know that you won’t have to resort to takeout or an extra trip to the grocery store.

With much less temptation to move away from meals that you regularly make and possibly get bored with.

More help and advice on meal planning:

Meal Planning On A Budget: 8 Tips For Success

7 Meal Planning Strategies All Beginners Should Know

womans hands with open empty red wallet and crcedit cards and calculator on table to signify how to start saving money

3. Get Comfortable With Half

Many products come with instructions on how to use and how much to use.

Manufacturers want your business so not only do they want you to buy their product they want you to do so on a regular basis.

So they have a vested interest in you using a decent amount of their product each time.

Don’t take the manufacturers word for the portion or dosage size, test it out for yourself.

I have found that I can usually use half the recommended amount for many products.

Things like shampoo, washing up liquid, curry paste, washing powder all lend themselves to using less.

If you use half the product, it lasts twice as long so you buy it less often.

Such a simple trick to save money, right?

You may also like:

How To Cut Monthly Expenses: 35 Ways To Save Money

7 Inspiring Tips On How To Be Good With Money

womans hands with turquoise nail varnish pulling dollar bills out of a red purse

4. Save Coupon Money

Coupons are a great way to save money.

But to really appreciate the savings you have made, it helps to see how those coupons stack up.

The trick here is to save the money you would have spent if you did not have that coupon.

For example, if your coupon is for $1.50 then put $1.50 into savings.

It doesn’t matter whether it’s a grocery coupon or a 10% coupon from your favorite store.

Save up the equivalent amount that those coupons are saving you.

You’ll appreciate your coupons all the more when you can see that money mount up.

You may also like: 9 Tiny Frugal Ideas To Save Money Every Day

toy shopping trolley with calculator and a receipt in it

5. Review Your Trolley

I am sure you know the best way to save money on groceries is to meal plan and create a shopping list that you stick to.

Being realistic though, how many times have you walked out of the store with only the exact items on your list?

Same here.

I’ve been frugal for a long time but I still end up with an item or 3 that wasn’t on the list.

Confession – it’s usually snacks because I always make my list as healthy as possible then reality sets in when I’m in the store!

The trick to saving money here is to review your trolley before you reach the checkout.

It’s easier to do this at the end than to stop yourself from putting things in as you go along.

Check your trolley items against your list and see what you can put back.

I usually find I can save $3-5 each trip this way. That works out at $20 a month.

Related posts:

My 5 Minute Grocery Store Hack That Will Save You Money

How To Reduce Your Grocery Bill: 10 Steps To Cut Right Back

woman in white top at white desk putting money notes into pink piggy bank with white calculator in other hand and a fan of money notes in front of her

6. Reward Yourself

If you have kids or are young enough to remember then you’ll know about reward charts and the bribes parents offer their children for ‘being good’.

Re-create the reward system for yourself as a way to encourage yourself to not only save money but to keep at it month after month.

The reward does not need to be expensive or even cost money. It just needs to be something you wouldn’t usually have.

Your reward is something to look forward to, something to keep you focused on achieving your goal to save money.

Whether you have a small reward every month, every quarter or once a year is entirely up to you.

You may also like: How To Embrace The Joy Of Being Frugal

4 glass jars with different volumes of coins in them

7. Use A Change Jar

Change jars used to be a great way to save a good amount of money quite quickly.

And they can still be but probably not quite as much money as we use plastic for so much of our spending these days.

However, where you do spend some cash, save your coins.

Whether that’s just one denomination or all your silver, your choice.

womans hands holding folded money notes in one hand and coins in another above a desk with calculator and paper on it to signify how to start saving money

More Creative Ways To Save Money

Of course there is so much more to learn about how to save money, but the above 7 tricks are easy peasy ways to get started.

Here are a few more creative ways to save money that you might find fit you nicely, they are currently my favorite, more fun ways to save money.

The full list is here: 45 Creative Ways To Save Money (You Need To Know)

Do Your Washing According To Weather

In the UK it can rain a lot so it’s easy to assume that I and many other frugal folk have a dryer to make washing and drying clothes nice and easy.

But I don’t and haven’t used one for over 8 years now.

Instead I check the weather forecast and wash according to the weather.

When I was working this did mean getting up earlier in order to hang the washing outside before leaving for work at 7am.

And yes I do this throughout winter too. Knocking off the frost and ice from my rotary line makes me smile.

Especially when I think about what some of my neighbors might think!

Using a dryer not only increases your energy bill it also wears out your clothes that much quicker.

Why not try it and see?

11 Extreme Frugal Living Tips You Should Try

woman in supermarket aisle reading label on a food can

Shop For Groceries Alone

Even when my girls were young I tried hard not to take them to the grocery store as my stress levels would be through the roof by the time I reached the checkout.

I might not get stressed when Mr2p comes with me but our bank account notices.

You will be super focused on looking at new ways to save money but family and friends might not be so interested in doing so.

Shopping alone allows you time to focus on getting the best deals into your trolley.

You have space to work out the different shelf edge prices and do the math without interruption.

Don’t let others derail your plans, leave them at home.

When Money Is Tight, How to Enjoy A $35/£30 Grocery Budget For 2

Use Alternative Solutions For Gift Wrap

Gift wrap if bought when it’s on sale can be pretty cheap. However you could go one better and use other products for gift wrap that cost you nothing.

You can use newspaper, magazine pages, last years used wrapping paper (carefully folded and stored) like I have.

Or you could make present bags for immediate family and reuse these time and again.

Save Money When You Always Buy These 9 Things After Christmas

a girl and boy with dollar bills holding them and playing with them to signify how to start saving money

How can I save a lot of money fast?

Saving money fast means making bigger changes in your life.

You need to not only create and stick to a budget, it needs to be a really tight budget.

That way you can free up some extra cash.

Adopting some extreme frugal living habits will help you keep to your tight budget.

Be warned though, they are extreme!

And most importantly, rethink what you consider needs and wants. Needs can be as basic as shelter, warmth, food.

Anything else could be deemed a want. That would certainly free up a lot of money for you to save quickly wouldn’t it?

Live Cheaply – How You Can Win At Living On Next To Nothing

woman with financial documents a calculator and open coin purse laid out in front of her to signify how to start saving money

How can I force myself to save money?

I know it can be difficult to start saving money if you’ve always been a spender.

But here’s the thing, only you can force yourself to save money.

You have to take responsibility for your money.

I would start by setting yourself some financial goals and think about what you want to do with your money if you aren’t overspending.

If you get very tempted when out and about then switch to using cash.

Using the cash envelopes system can help you to re-train your spending habits.

Because once the cash is gone it cannot be spent again.

These posts might also help you with tactics on how to help yourself save money:

How To Be Successful With A No Spend Challenge

How To Make No Spend Days Successful (And When Not To)

overhead shot showing woman and mans hands reviewing paperwork with credit cards and calculator surrounding them

What is the 30 day rule?

The rule is very simple. If you see something you want then wait 30 days before you buy it.

Put the money it would cost into a savings account for those 30 days.

If you still want it in 30 days then feel free to go buy it. If you no longer want said item, keep the money in your savings account.

But don’t be putting it on your credit card or going into debt please!

The 30 Day Rule: How To Save (More) Money

mans hands holding a calculator and pen with paper notes and money coins next to him to signify how to start saving money

How To Start Saving Money Every Month

Saving money is often more about your mindset than it is about having spare cash.

If you focus on learning a few tricks to save money, then save money is what you will do.

It might not be hundreds to start with but starting small is so much better than not starting at all.

Here’s a few practical ideas to help you with your saving mission:

  • Start small – even $10 a month is a good start
  • Save into a separate account
  • Set yourself a savings goal to aim for
  • Set up a regular transfer to your savings account as soon as you get paid

When you are looking at how to start saving money the worst thing you can do is to put it off until you think you can afford it.

You don’t need to change everything you do in order to save money, just a few small changes can free up some spare cash.

You can make the changes, you just need to take the first step.

For more help in saving money grab your free copy of the Money Saving Mini Bundle today!

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Last Updated on 22nd August 2021 by Emma

About Emma

I'm here to help you become confident in making the best money decisions for you and your family. Frugal living has changed my life, let me help you change yours.

2 thoughts on “How To Start Saving Money: 7 Tricks You Can Easily Do”

  1. Review your budget and check your progress every month. Not only will this help you stick to your personal savings plan, but it also helps you identify and fix problems quickly. Understanding how to save money may even inspire you to find more ways to save and hit your goals faster.

    • Hi Valentina. You are so right, being more aware of what your spending is like helps you improve. THanks for stopping by!


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