When you’re trying to build an emergency fund, stick to a budget, or save for college or retirement, small savings can add up over time.
If you’re ready to look for creative ways to cut back without feeling like you’re giving up too much, here are 10 practical ways that may help you save money.
Digital Coupons
Coupons have become much easier to find and use over the last decade. Sites like Groupon and eBates offer discounts and cash-back opportunities on a wide range of purchases. Availability and savings vary, but these tools can help reduce costs on things you were already planning to buy.
Look for Seasonal Discounts and Clearance Items
At the end of a season, stores often try to clear out inventory to make room for new items. With some planning, you may be able to buy non-perishable or long-lasting items—such as clothing, shoes, outdoor furniture, or tools—at reduced prices.
For example, bicycles and gardening equipment peak in spring and may be discounted later in the summer. Electronics like smartphones and televisions are often priced lower after the holidays, though timing and discounts can vary.
If you need something sooner, checking clearance sections at stores like Target or Walmart may uncover reduced-price items. Selection and discounts depend on location and inventory.
Shop Secondhand Stores
Secondhand and resale stores can be a way to find gently used items at lower prices. Many people donate items they no longer need, which may include clothing, books, furniture, sports equipment, or household goods.
For electronics like computers or tablets, buying refurbished devices may reduce costs. Warranties and quality can vary by seller, so it’s important to review the details before purchasing.
Choose Generic Over Brand Name
In some cases, generic products have similar ingredients or functionality to brand-name versions, especially for items like over-the-counter medications. Comparing labels and prices by unit can help you decide whether the lower-cost option makes sense for you.
Plan Meals Around Sales
Signing up for your grocery store’s weekly sales or promotions can help guide meal planning. While some staple items may stay the same each week, being flexible with other meals may help reduce grocery costs.
Planning meals around discounted items, limiting meat when prices are high, or stocking up during sales can help manage spending, depending on your household’s needs and storage space.
Shop Online
Shopping online can make it easier to compare prices across retailers like Amazon and other major stores. Prices, shipping costs, and availability vary, so taking time to compare before checking out may help reduce costs.
Promo codes and discounts may be available, but savings are not guaranteed and depend on current offers.
Cut the Cord
Cable television can be expensive, and some households choose to switch to streaming services instead. Options like Netflix, Disney+, or live-streaming services may cost less than traditional cable, depending on the plan.
Free over-the-air channels are also available with a digital antenna, though channel selection varies by location.
Check Your Insurance Rates
Insurance premiums can change over time. Periodically comparing rates from different providers may help you understand whether your current policy is still competitive. Coverage, eligibility, and pricing vary, so it’s important to compare similar policies when reviewing options.
Cancel Memberships and Subscriptions
Free trials and unused subscriptions can quietly add to monthly expenses. Reviewing your bank or credit card statements can help identify recurring charges you no longer need.
Services like Truebill can help you track down recurring expenses, though results depend on account access and activity.
Take Advantage of Your Local Library
Local libraries often provide free access to books, movies, music, and digital resources. Using library services instead of purchasing these items may help reduce entertainment expenses, as long as items are returned on time.
Finding ways to save money doesn’t always require major lifestyle changes. Small adjustments, made consistently, can help free up cash and support your longer-term financial goals.