Learning how to save money and actually saving money are the first steps towards achieving financial independence. To save money doesn’t necessarily mean you should lower your standards. It means that you should know exactly how much money you spend, what you get for that, and if there is a way that you can spend less. This way you will be able to acquire more money in less time and actually raise your standards.

Of course, you can get a new car or a new house, but there is something more important. Money is the greatest leverage for acquiring more money. Once you have more resources, you can afford to invest some of the money to build your own business (so you can build a system and retire early) and/or you can invest in other companies and make money while you sleep. How cool is that?

Now, sit comfortably and check our ultimate list on how to save more money, cut the unnecessary expenses, and make the first step towards achieving financial independence…


Start saving money. Save at least 10% of your gross income every month. Go for 30%.

Record all of your expenses, analyze and optimize. It will give you a clear idea where your hard-earned money goes. Look for patterns of your spending and categories you spend too much for. Just download an app like Wally, Monefy or Mint and you can do it with ease.

Build an emergency fund. Always keep away cash of 6 times your monthly expenses. It helps you feel more secure, comfortable, and you will not worry too much about your bills and everyday expenses.

Set goals for your saving. You should list your emergency fund, money to invest, future vacations, the new car you are planning to buy at the end of the year, etc. Set your priorities.

Set up a monthly budget. Decide on a reasonable (and prudent) amount of money you can live with for a month. Stick to it!

Drink more water and less of anything else. It’s cheaper and good for your health.

Cook more and avoid eating out. Cooking can actually be a great way to spend time with your closest ones and have fun. It also tastes better when you have cooked it yourself.

Prepare your meals for the day – and take them with you. It’s cheaper and it’s better for your health.

Quit smoking. It’s expensive and it’s bad for your health. Very bad for your health!

Quit all of your bad habits. You don’t need to drink whiskey and smoke a cigar every night.

Form good habits instead. They will keep you healthy and your medical bills down.

Skip the gym. Exercise at home, in the park… Wherever you don’t have to pay $100 a month.

Find the cheapest grocery store – and stick to it. You can also note what products are cheaper where switch stores from time to time and buy only the best deals. Carry and use the free card the store provides you with. Bring your own bags.

Have shopping list with everything you need ready when you go to the store – and stick to it. You can actually make one list with everything you usually buy and just tick off what you need to buy this time.

Find the best deals for everything you buy. Do your research and yes, wait a little bit if you need to.

Calculate purchases by hours worked, not by cost. You deserve to know how much time of your life you spend working in order to buy things you don’t really need.

Shop by unit price. Sometimes what is cheaper looks more expensive. And cheaper is not necessarily worse.

Buy in bulk. It’s cheaper, lasts longer so it’s less shopping hassle for you. And it will also save you some money for gas to the store.

Buy only what you actually need. You don’t need a lot of the stuff you buy.

Use coupons whenever you can. The internet is full of coupons. You can always get something for cheaper. Install Honey or another add-on that will search for coupons for you. For free!

Buy used when it’s worth it. The minute you drive your new car off the lot it loses approximately 10% of its value. By the end of the first year, that car will lose an additional 10 percent on average.

Negotiate price and lower fees whenever you can. It’s cheaper and doable. Just try and see for yourself!

Buy only reliable, fuel-efficient cars. Some cars may spend 2 and even 3 times less gas from yours. And some of these cars are no worse than yours.

Lower your gas expenses. Some gas stations may offer 10¢ – 20¢ cheaper gas. Take advantage of them.

Take public transportation or carpool when you can. It’s way cheaper, better for the environment, there is no pressure from driving and traffic, and you can also meet new people.

Get a bike. Use it to go to work or for short trips around. It’s free and it’s healthy.

Lower your housing expenses. There is always a better offer if you keep your eyes open.

Get books from the library. You can find amazing books there. For free!

Buy early bird tickets, resale or go free. There are many cheap and free events that are no worse than the ones that will eat up two days of your hard work. Search for free events on Facebook, Eventbrite, and MeetUp. You can find cheap concert tickets on StubHub.

Get rid of everything you don’t need. Sell it on Craigslist, eBay, Facebook Marketplace or wherever you want.

Cut the extra expenses. All of them!

Cancel all subscriptions that you don’t really follow and need.

Cancel all services that you don’t use.

Cut down the cost of subscriptions and services you do use. Maybe, just maybe, you don’t really need unlimited 5G because you hardly use 2-3 Gb each month.

Cut down on your vacations. You can have a great time even when you don’t have to spend your monthly salary for a week. Fly cheap, use Airbnb and Couchsurfing, look for good deals, etc.

Turn off the lights when you don’t need them. It’s cheaper and it’s better for the environment.

Install energy-efficient light bulbs – CFLs or LEDs. They will lower your bills and last forever. It’s also good for the environment.

Buy quality appliances that last more. Cheap sometimes turns out to be more expensive.

Take a good care of your appliances and devices. They will last longer.

Plug all your appliances into a power socket to save “phantom energy”. When your appliances are plugged in they DO spend energy. The power socket will lower your bills and is better for the environment.

Just unplug your appliances when you are not using them.

Maintain your home and car. You will spend less for professional maintenance if you take a look from time to time yourself.

Learn how to fix things yourself. You don’t need to pay someone to fix every little thing in your house or your car. Go to YouTube and find what you need to know.

Prevent serious illness and huge medical bills by checking yourself regularly. Medical bills are huge!

Learn about all the benefits your company offers – and take advantage of them. You deserve it for your hard work.

Use only ATMs of your bank. Other banks’ ATMs charge you a fee. You will be amazed how much money a year go for this kind of stupid little fees you don’t usually care about.

Refinance your mortgage. Find out the best plan you can get.

Do your taxes right. You can deduct expenses and save money. It’s your right to deduct money from your taxes.

Pay off your credit cards in full each month. You pay less and you build your credit score.

Ask your creditors to lower your APR (interest rate). It might be really easy. You just need to ask.

Get rid of all your debt ASAP. Figure out how to pay it as fast as you can. In some cases, you may pay 30% less. You need to check. But you definitely need to pay it off as soon as possible.

Save on life and medical insurance. Get the plan you think you need and deserve. Just try to find a way to spend less money for it.

Shop around for the best car insurance plan you can get. Look for types of coverage you are not required to have by law. Take those off.

Increase your deductibles on insurance. You can save as much as 15% on your premiums.

Cut your hair yourself. This is something you pay for at least once a month. If you can skip it, with time you will be able to save a significant amount of money.

Have your own garden and grow vegetables yourself. It’s cheaper and better for your health. It’s also admirable.


Congratulations! You made it to the end. This was the easy part. Now you have to put these in practice. You will be amazed how much money you can save just by applying a few of the steps in this article. Start small, learn fast, and get rich!




Can you think of any other ways to save money? Let us know in the comments…

About The Author

Lover and fighter. Producer and writer. Extra curious life-long learning enthusiast with an affinity for sharing and collaboration. Hardcore dream chaser. I believe that peace and love will save the world.

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