18 Best Ways To Save Money – When You Think It’s Impossible

best ways save money

So I think you’re like me and saving money has been one of the most difficult tasks in your life. I am happy to tell you I have figured it out. After years of trial and error, I have found the only ways possible to save money. Believe it or not these things have always been under your nose. Check out my best ways to save money.

1) Save your income tax. (#1 Best Way to Save Money)

It just so happens, I never thought how beneficial it would be to save our income tax refund. For so many years, it was always a race to see how fast I could spend it. Not literally, but seriously, I would always splurge on all the things I could never have throughout the year.

best ways save moneyMy wife said something brilliant one year like I’m tired of needing money throughout the year, let’s save our money. So we did, and it’s been the best financial decision we could have ever done. Throughout the year emergencies happen, unexpected expenses arise. No need to worry and scramble for the money. Just tap the savings account.

This method alone will provide you financial security that surpasses all others. If you save your income tax refund every year, you will build a huge safety net. Do you really need those new Jordans or that new big screen tv? Think about it.

2) Make money on Credit Card Rewards and Save it!

So now a days there is a new phenomenon and that is credit card rewards. I have never made more money than this; with not doing nothing at all! There are countless credit cards out there that offer rewards, and many of them offer an introductory bonus. This year alone, I’ve managed to make $400 in the first sixty days. Guess where I put it, right in my savings account!

best ways save moneyCheck out my blog on credit card rewards to learn more information on how to do this. How I managed to make the $400? I found a credit card offer that had an introductory bonus of $150 if you spend $500 in the first 3 months, and $25 if you add an authorized user and they make a purchase; also within that time frame. Long story short, I got one of those for both my wife and I and we made those bonuses within 60 days. 🙂

The trick is you never want to borrow money from the credit card. You only want to use if for things you are going to pay cash for anyway. Such as your bills, gas, dining out, traveling, etc. Then at the end of the month pay the balance off in full. Be very careful, you never want to carry a balance over to the next month. People get in 10s thousands of dollars in debt because of this.

3) Save Money on Car Insurance

If you haven’t done so already, you need to shop around for car insurance quotes. The best place to go are agencies because they do the shopping for you. They will check out up to ten auto insurance carriers to find you the best rate. Cutting out the leg work for you. Shop the max of 2 auto insurance agencies and you’re set.

best ways save moneyI was able to save about $400-$500/yr the past couple years doing this. It is wonderful! You get to save money and that is money that stays in your bank account. Believe it or not you’re going to have to spend that money anyway. So you’re better off saving hundreds of dollars a year by that simple overlooked expense.

Find out more on how I did this at my blog about saving money on car insurance. There are many different selections that you can make to save the most money. If you just go by what the insurance agent is offering you it’s usually the highest policy they can get you because they want to make more money. I always go with the minimum coverages of what my state requires.

The Next Recommendations Are About Managing Your Expenses

Believe it or not, I can’t even count how much money I save every year by doing this simple task of managing my expenses. It’s so easy to spend money, lose track of your spending, and then turn around and notice you’re broke. We also spend so much money on luxury things that it will change your life if you do these simple things. Saving money is fun!

4) Always shop for the lowest prices. 

best ways save moneyWhen you’re in the store and contemplating on purchasing something, whether it is a printer, camera, laptop, sneakers, etc. just google the item. Google will provide you with several different places and prices on that item and then you can make a decision to purchase it where you’d like. I have been in the store to purchase an entertainment system for my little one and searched on my mobile device to find out that the next store over (2 miles away) is selling it for $20 cheaper. Shop smarter is all I’m saying! You can even shop online before you leave the house and then go straight to the store you need too.

5) Kill the Cable

Cable is so overpriced these days! You can easily spend $100 a month on cable. If you’re like me, I’m not picky. I can settle for Netflix. If you don’t already have a Netflix enabled device I have found that Roku is cheap and very good. I bought a Roku for $49; turned off my cable, downgraded my internet to 25 mbps (that’s all you need for fast speed), and got Netflix for $8/mth. I saved $480 by doing this last year! 🙂

And they said you can’t get blood out of a turnip!
6) Downgrade Your Internet

Believe it or not you can have sufficient speed on your internet in your house with only 25 mbps. Don’t believe the hype when they offer you high speeds like 100 mbps for $50 – $100 more a month. If you’re an average user, like you just stream a few videos on YouTube everyday, check your emails, surf your social networks, this would be just fine for you. It works great for me, and I love saving the money!

7) Save Money on Your Phone Bill

best ways save moneyI got to tell you the single most ridiculous thing I’ve ever seen was  $100 phone bill. Don’t get me wrong if I was making a lot of money like 20k+/mth 🙂 I would spend money on the luxury these high end phone providers offer, but if you’re like me and need to save money go with prepaid! Net10 was awesome for me, and allowed me to save $600 a year!

If you stop spending so much you’ll have more money, easy peasy!

I paid like $40/mth for unlimited talk/text/data. Also, you don’t need that top of the line phone, just a simple $30-$50 phone, touch screen preferably will be suffice. It’s all a matter of shifting the way you think. It’s not hard at all!

8) Another major yearly expense is our children clothing.

I found that I was spending almost $600 a year on my children clothing. I’ve got 5 kids, and they grow fast. You have to buy clothes like every 3-6 months because they outgrow them. I found an awesome second hand store called Once Upon A Child here in Central Florida and have been shopping there ever since. They only accept good to excellent condition clothing and they mark them down very cheap. I even get the clearance items most of the time. Lol 🙂 This has allowed me to save almost $400/year; if not more!

best ways save moneyFind a great second hand store in your neighborhood! I also shop for stuff for me too. Last year I had a banker position at one of the top five banks in the country and I had to buy suits. I purchased all my suits at the thrift store. The cheapest suit you can find in stores is like $200. I spent $5 on 3 suits; that’s $595 in savings!

Think outside the box!
9) Start a 401k 

If you haven’t got a 401k and your job offers it, you must jump on the bandwagon. Some employers even offer a 100% match for up to 6%. (that’s a big deal) This is free money folks, and this is money that is going to secure your future. You won’t even miss it because they take it right out of your check. Before you know it you’ll have thousands of dollars saved up. My Dad retired from Publix after 17 years with them and cashed out his 401k at $360k!

It’s very important if you start your 401k do your best to never withdrawal it early. There are expensive penalties for taking it out before you’re 59 1/2. If you wait until then there will be no fees to take it out.

best ways save moneyI can probably write a book about saving money, but I don’t want to bore you on this page so I’m going to just finish off my last 9 suggestions on a list. I hope that this helps you.

  • Stay away from name brand foods. There are generic brands that taste just as good. 🙂
  • Save eating at restaurants for special occasions. Blowing your money at restaurants every week is a major spender. You can save hundreds of dollars of month by doing this. Plus restaurants are overpriced!
  • Don’t buy anything at the fair or festive activities. Of course if you’re hungry or need something to drink you may have too, but you can share! 😉
  • Don’t need to go all out on the holidays. Holidays is about spending time with family. Buy each special person a $10-$20 gift and they will still appreciate it. Make sure you put thought into it though.
  • Take advantage of the dollar menus at all times possible. There is a lot of good foods on the dollar menu and they will fill you up just the same.
  • Don’t need that large coffee get the small. Coffee get cold fast! When I get anything more than a small it usually gets cold by halfway and then it’s worthless.
  • Don’t get two value meals, get one go large, and share. If it’s you and your special someone. Buy her the large value meal, you get a sandwich, and share!
  • Buy off brand cleaning products. It’s just cleaning folks! You can save hundreds of dollars a year this way.
  • Don’t need to stay on top of trends and buy flat screens. I just got 3 tvs for my house and they were all free because the neighbors were giving them away after buying flat screen tvs. It’s just tv folks! I’m watching the same thing as you!
It’s all a matter of shifting your mind!

Final Opinion

Give up trying to save money like putting a small amount away every payday. Lord knows we just end up spending it anyway. Anything else just doesn’t work. These are all excellent ways to save money, but the other thing that is equally important if not more is learning how to make more money.

best ways save moneyAn excellent way to do this is making money online. People are getting rich online and it starts with one single website. Learn how to build a website and get online business training at Wealthy Affiliate. I’ve been doing it for a while now and I love it! It is the single most honest and legitimate company I have ever come across online.

What you will be doing? – Affiliate Marketing

What is an affiliate program? That is a partnership that major companies are offering for you to join them for free and advertise their products. That’s right, own your own business and you don’t even need an inventory, you sell other companies products. Companies like Amazon, Best Buy, Walmart, etc. You need a website to do that.

Wealthy Affiliate will teach you how to build a website, how to get traffic to your site, and do what other Internet Entrepreneurs are doing to earn thousands of dollars a month. Believe it or not our biggest problem is not saving money, it’s not making enough! Join Wealthy Affiliate and start your online business. It’s free to join, and there’s tons of support available.

If you have any questions, if there’s any way I can help you, or if you have any additional tips to add please share in the comment section below.

Your Friend,


best ways save money




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4 thoughts on “18 Best Ways To Save Money – When You Think It’s Impossible”

  1. Hi Jonathan,

    What a great post. I think anyone who reads it can find something that they could do to save more money.

    I especially like your points about saving on car insurance, shopping at Thrift stores for children’s clothing, and many of your last nine points.

    Car insurance is one of the easiest thing to reduce in cost if we take the time to shop around and streamline the types of coverage we really need.

    You’ve really provided a thorough range of money saving tips. Thank you!

    Warmly, Heather 🙂

    • Heather, I’m glad you liked it. These are all they money saving tips I use on a daily basis. I can’t even say how many thousands of dollars I save a year by applying these simple tips. These are truly the best and only ways I have ever found to save money. Growing up my Dad showed me it was important to save money. Not like weekly into a savings account, but constantly managing your expenses.

      If there is any way I can help you apply one of these saving money tips please let me know.


  2. In my opinion the most important thing when thinking about saving your money and making more money is to invest in education.

    Without education all the ways that are possible for you to save money and making more money will not be visible to you.

    Your recommendation to Wealthy Affiliate is a great thing on how you can invest in term of education to make more money. Everyone will surely learn a lot there as i already try it.

    • Fadhil thanks for commenting. I agree with you education is very important. In a way it is the only way to actually learn anything. Think about it, we have been getting educated since infancy. No matter what if you want to learn anything you have to get educated on it.

      I don’t recommend spending 10s of thousands of dollars on an education though. I spent 10k on an education for Computer Science. I really didn’t need to. Everything I learned you can learn on your own through research on the internet. Sure it looks good on a resume, but I would have rather saved the money. 😉

      I’m glad you have brought up Wealthy Affiliate. I think it has truly been the best education that I have ever invested in. I have never learned so much and things that I could implement immediately to see results. I feel blessed to be a part of a network like Wealthy Affiliate.


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