26 Great Money-Saving Tips from The Best Finance Bloggers

Posted on

(Disclosure: Some of the links below may be affiliate links. For more information, read my disclosure.)

26 Great Money-Saving Tips from The Best Finance Bloggers

I am sure you like money-saving tips. At least, I sure do! I really like great and original tips about saving money. So today I am going to give you many of them!

And who best to give money-saving tips than the best Personal Finance Bloggers there are? So, instead of giving you my tips, I am going to give you the best money-saving tips from the best bloggers!

Without further ado, let’s see how to save money with the best money-saving tips from the best Money Bloggers!

1. Become a hair model

A Woman At Sunset
A Woman At Sunset

I try to live a frugal lifestyle but there are certain things that I love too much to give up completely. My hair is one such thing (oh, the vanity of women!) I used to spend about $60 for a haircut, and up to $300 for a full-color service. I have tried DIY but I always end up making a mess of things.

My money-saving tip for people who still want salon-quality hair is to become a hair model. Students who are doing hairdressing courses often need hair to practice on. Sometimes they make do with mannequins. When they do assessments though, they need a real person sitting in the chair.

Generally, students will provide a hair service for free (they are in training, after all). You may have to pay for the cost of products if you want hair extensions or color service. Don’t worry – their work is supervised by a qualified hairdresser. In many cases, the hairdressing instructor touches up the client’s hair to make sure the haircut is exactly what they want.

You could also become a model for beauty services if that’s more your thing. I have seen model callouts for facials, massages, and even spray tans. Everything is supervised.

Occasionally you may come across fully qualified hairdressers requesting models to practice on. These ads are rare but highly valued amongst the model community. Sometimes they want to practice a new technique or try out a new product. They could also be looking for a job and need to do a trial at the salon they’re interviewing at. Or they could be building their portfolio and need before and after photos. These services are not usually free but are very discounted, typically half of the regular price.

I’ve been a hair model for over two years and have saved a lot of money at that time. I get haircuts for free, and color for about $70-100. That’s about a third of what I used to pay! You can easily find model callouts by joining a Facebook group in your city, or even leaving your name at the hairdressing academy closest to you.

This incredible tip is brought to you by Ms. FireMum from A Family on FIRE

2. Buy second-hand clothes online

Did you know that most financial experts recommend setting aside between 2-8% of take-home income for clothing? The average American under age 35 spends over $150 dollars per month on clothing.

A ThredUp clothes box
A ThredUp clothes box

In our household, we allow for a total budget of $300 per year on clothing even though we still try to spend less than that. This particular $300 must be well-strategized since we need fashionable, comfortable, quality clothing for 1 adult male, 1 adult female, with a baby on the way.

But I don’t deprive myself the fun of the “hunt” or buying clothes I’m not thrilled to have in my closet. That would be a 100% absolute waste of money if your purchase was regretted.

So how do you get value and quality but for a fraction of the price? The answer is looking into your local for-profit and non-profit thrift stores. If rummaging thrift stores take up too much time, then use ThredUp. They are my absolute favorite online clothing store.

ThredUp’s retail prices for their clothes are comparable to Goodwill prices. Remember to take advantage of filters by pricing results from low to high; install the official ThredUp app; stalk the shopping cart contents of other savvy shoppers; wait for free shipping or coupon promos that could save even more money.

Occasionally you could encounter a crazy good deal that would even beat your local donation store.

This great money-saving tip is brought to you by Lily from The Frugal Gene.

3. Look Poor

Assuming that you are of sound mind and body, and you either make a solid middle-class income or are on your way to making a solid middle-class income, the best tip I can give you to succeed financially is to “look poor.”

If you have a solid middle-class income, which I define as having an income of at least three to four times the federal poverty level for your particular household size, you have two options. You can show the world that “you’ve arrived” by filling your life with upper-middle-class trappings and ruining your ability to save, or you can give the world the impression that you’re struggling and save a lot of money.

When Mrs. Groovy and I discovered the personal finance community back in 2003, we were making decent money. But we weren’t making nearly enough to live large and right our financial ship. In order to stop living paycheck to paycheck, bury our consumer debt, and start saving for retirement, we needed to start living like working-class folks. No fancy cars, no fancy clothes, no fancy nights out on the town, and no fancy vacations. From that point on, our stuff—from cars to furniture to clothes—was forlorn but functional, and our entertainments were spartan. A big Saturday night for us was going to Dairy Queen for a Blizzard.

A big celebratory dinner for us was feasting, not at PF Chang’s or Ruth’s Chris, but at White Castle or Sonic. To the casual observer, Mrs. Groovy and I were living a life of struggle and want. But behind the scenes, as our savings rate and investment acumen grew, we were becoming financial rock stars.

“Looking poor” is a superpower for anyone with a solid middle-class income. Once Mrs. Groovy and I developed this muscle if you will, we went from broke to financially independent in a mere 14 years.

The Groovy Couple
The Groovy Couple

So how does one develop one’s “looking poor” muscle? It ain’t easy. Ego is a powerful force to be reckoned with. But here’s one strategy that might help. From now on, be half-normal. Whenever you buy something, research what the typical American spends for that something, and then spend half of what the typical American spends.

If the typical American spends $200 on a new smartphone, spend $100 on your next smartphone. If the typical American spends $1,200 on vacation, spend $600 on your next vacation. And if the typical American spends $35,000 on a new car, spend $17,500 on your next new-to-you car. You get the picture. Just get into the habit of being half as ostentatious as the typical American and take it from there. Over time, your “looking poor” muscle will grow and you’ll not only find it easy to be half normal but you’ll also find it easy to one-third normal and one-quarter normal.

Finally, before you move on to other tips from other renowned bloggers, I want to pass on something encouraging. “Looking poor” really ain’t that bad. Driving a 10-year-old car or living in a modest home isn’t remotely close to abject poverty. In other words, you can be just as happy “looking poor” as “looking rich.” You don’t need to put on airs. And let me tell you, a Sonic cheeseburger is far from gourmet food, but it tastes damn good when you have hundreds of thousands of dollars in the bank and you no longer have to work. Cheers.

This great tip is brought to you by Mr. Groovy From Freedom is Groovy.

4. Always negotiate!

Ryan from Arrest your Debt
Ryan from Arrest your Debt

My absolute favorite money-saving tip is to negotiate!

Early on I learned about the power of negotiation. Just about every service or item you purchase can be negotiated down to a lower price. For instance, my internet bill recently went up to $45 a month. It was a new program and they said $45 was the lowest price they could offer because it was a new promotion. Unsatisfied with that number, I asked to speak to the manager. I was transferred to a supervisor and said I could not afford the $45 payment. Eventually, I was transferred again to another section who was able to reduce my payment to $39 a month.

You can do this with just about anything. If you see an item for sale in a store, ask if they will give you a discount on the floor model. My wife and I bought a file cabinet and received a $100 discount because we purchased the opened floor model. Learn to ask for discounts!

This awesome tip is brought to you by Ryan from Arrest Your Debt.

5. Choose your priorities

When it comes to frugal living, it’s easy to get caught up in trying to save money and to feel like you need to cut back in every aspect of life. But I think it’s important to think about what is most important to you and what’s worth spending money on. You don’t need to save on everything.

The key is to know what is important to you and what is not important. Work to save money in areas that aren’t important to you and you’ll have more money for the things that matter. For example, things like clothes and name brand groceries are not important to my wife and me, so we save a lot by buying second-hand clothes and shopping at discount grocery stores. Traveling and time as a family is more important, and we’re able to comfortably afford it because we cut back in other areas.

This tip was brought to you by Marc from VitalDollar.com

6. Sell Scrap Metal

Scrap Metal can have some value
Scrap Metal can have some value

The best thing about decluttering is finding worthy things to sell. Those possessions that build up around the house cause mental strain. The last time my husband and I decluttered, we found almost $100 worth of “junky” things to sell.

The most surprising thing was going to a local scrap yard where they paid us cash for a broken decade-old printer, old mini-fridge, water damaged crockpots, dead laptops, and more random old household appliances that we didn’t even know how to dispose of before. We made almost 60 dollars and got something more precious in a home: LESS STUFF! <3

This very cool money-saving tip was brought to you by Lily from Merry Money.

7. Do It Yourself

One of the things we have done to boost our savings and improve our finances has been embracing DIY. Taking on projects you would otherwise pay others to do for you has never been easier with the numerous step by step guides and resources available online e.g. YouTube, The Family Handyman, and Instructables.

Some of the projects we have worked on include landscaping our yard, restoring our old wooden deck, planting a vegetable garden, replacing broken door locks, weather-stripping doors, and windows, caulking bathrooms, installing tiles, replacing old toilets, furnace, and AC maintenance and several others.

These DIY projects have saved us thousands of dollars over the last few years. Saving money is not the only benefit you derive from doing things yourself. You also get the fulfillment that comes from being able to do them to your satisfaction while stretching yourself outside of your comfort zone.

This tip is brought to you by Enoch from The Savvy New Canadians

8. Stay Broke!

At the end of each month, I get a push notification from my bank. They then tell me that my debit card account is almost empty. Still, I probably have more money than most of my friends. That is because I choose to stay broke.

What I mean is that I calculate my expenses, add a little extra that I am allowed to spend on some fun or clothes or whatever. I then invest whatever is left. So by the end of the month, I am broke. This I repeat every month. And whenever I receive a little extra, I put the money to work and you stay broke.

Everyone dreaming of financial freedom knows that to achieve that you have to put your money to work. So by staying broke, you have more money to invest than you would have if you always had an extra $500 laying around. Temptations are also easier to avoid when you do not have any more money on your account. It is easier to say no when you can say yes.

After a while, you get used to this type of living. If you receive a bonus at work or having income from a side-hustle, the money is immediately put to work. By doing this over time you will develop a certain way of thinking. Frugality will be a natural habit for you and you will start to think as the rich do. Every dollar will be worth more than a dollar, and a dollar spent is loss of yield.

This great money-saving tip is brought to you by Erik from 10 Year Target.

9. Roast your coffee

Roasting Coffee is a great frugal tip
Roasting Coffee is a great money-saving tip

One of the things I’ve started to do is roast my own coffee. I buy green coffee beans and roast them at home in small batches every few days. Then I grind the beans when I’m ready to brew. Roasting and brewing coffee at home makes for a great cup. Plus, it saves a lot of money in the long run. And once you’ve had freshly roasted coffee, it’s hard to go back!

This cool Coffee tip is brought to you by Rachel Hernandez from Adventures in Mobile Homes

10. Track the prices of groceries

The best money-saving tip is to track the prices on groceries. This way you can see if the prices you’re paying are the very best you can find.

Stores run prices in “sales cycles”. When you begin to track those cycles it enables you to determine when the prices are their best. These sales promotion cycles run from two to up to eight weeks. Often, this week’s “sale price” is higher than it was last week. Tracking will make you confident that you’re getting the best deal!

A prime example of rotating sales prices is branded soda. The two leading colas (Coke and Pepsi) are rotated so often that tracking reveals that 2-liter bottle pricing can vary week-to-week from $0.77 each to two for $5.00. Sometimes the “sale price” is even lower for one than for the store’s own generic brand.

Other items and categories regularly cycle and therefore tracking is very important. These include bananas and seasonal fruits, juices, bottled water (24-packs), meat, chicken and fish, and canned items like veggies and soups.

Gary Weiner from Super Saving Tips
Gary Weiner from Super Saving Tips

Keep your tracking list in a small notebook, a smartphone app, or even a list printed from your PC. Make columns headed by dates, with a line for each item you regularly buy (including brand and size). Then each week, fill in the prices noting if it was a sale you like. You can start with information from their weekly flyer or their website and the rest can be done at the store.

After you have a good amount of data in your tracking list, you will be able to predict when the best price cycle is coming and stock up! In between, just shop from your pantry as your source for bargains.

This tip was brought to you by Gary Weiner at Super Saving Tips

11. Share your subscriptions

Netflix subscription can be shared
Netflix subscription can be shared

If you do not use any of your subscriptions, you should definitely cancel them as soon as possible. There is no reason to pay for something you do not use.

But, being frugal doesn’t always mean sacrificing “luxuries”—you can still enjoy your favorite television shows and movies without busting your wallet. To do so, find friends or relatives to share with. One of you could cover Hulu, another person Netflix, and so on.

This cool tip is brought to you by Joyce from Financial Impulse.

12. Haggle with your service providers

Do you usually pay full price for your cable, broadband, mobile subscriptions, home, car or travel insurance? You don’t have to! Most service providers are separate to retain customers and will sweeten the deal when it comes to renewal time. But only if you ask.

So the next time you get that outrageous renewal letter in the mail, shop around and do your homework. Then pick up the phone and call the company. Politely tell them they can take a hike if they can’t be more competitive.

More often than not, you will get a sweet discount! But be prepared to make good on your threat if they don’t budge. Don’t forget switching bonuses that competitors may offer from time to time which you can also use as a bargaining tactic.

This tip is brought to you by Peter from Counting Every Dollar

13. Use the 10% Rule

There are going to be multiple times in life where you receive a bump in pay.  This may be due to a large (or small) promotion.  This may be due to a quarterly or annual bonus.  It may be because you achieved an incentive for publications, education, or clinically related outcomes.

The 10% Rule: For every bump in pay, bonus, or unexpected money that you receive: 10% of the money goes towards lifestyle creep and the other 90% goes towards building wealth.

The purpose of the 10% rule is to allow our hearts to remain healthy while we build the financial muscle that produces moderate frugality. The more you allow yourself an occasional break while remaining financially disciplined, the more wealth and wellness you’ll obtain. Simultaneously.

I think that a little bit of lifestyle creep after training is warranted, but we have to put some guard rails on what can become a dangerous habit.  And I suggest using 10% of any bonus or increase in pay to do just that.

This awesome tip is brought to you by Jimmy from The Physician Philosopher.

14. Use Travel Rewards Credit Cards

Leveraging rewards credit cards to earn ‘free’ travel is our favorite way to travel frugally. The best travel rewards credit cards frequently offer sign-up bonuses worth 50,000 to 100,000 airline miles or hotel points. With these offers, there are often minimum spending requirements you will need to reach before earning the bonus miles, which you can meet by charging your everyday purchases and bills to your new card.

Once you have earned the bonus miles or points you can redeem for free flights or hotel stays. Some hotel credit cards even give you complimentary elite status with their loyalty program. This status can mean free breakfast and club lounge access where you can eat dinner and enjoy drinks in the evening. Now not only your hotel room but also your food is free! It’s a huge money saver when staying in an expensive city!

By earning just a few card bonus offers each year you’ll be well on your way to booking a ‘free’ vacation using the reward points you racked up. The best part is you get to travel in style while still keeping your frugal-minded budget intact.

This great frugal travel tip is brought to you by Rand Shoaf from Well Traveled Mile.

15. Bring an empty bottle in airports

Janet from My Twenty Cents
Janet from My Twenty Cents

I always bring an empty water bottle with me when I travel. Usually, security confiscates any liquids over 100mL in volume. To get around this, I bring an empty bottle that I refill once I pass security. I’ve noticed that most airports provide filtered drinking water.

This little trick helps me save around $3-5 each time I fly – some airports charge a ridiculous amount for bottled water! Not to mention reusing your bottle is much better for the environment! Win-win!

This nice money-saving tip is brought to you by Janet from My Twenty Cents.

16. Double-Dip Your Savings

The best money-saving tip I have is to double and triple dip your savings by using coupons and cashback rewards apps where you shop. You’d be surprised at how much of an impact you can make on your required shopping. I’ve had 20-30% discounts by using multiple cashback apps and coupons.

This tip is brought to you by Kyle from Financial Wolves.

17. Drink Tap Water

Drinking Tap Water can save you a lot of money!
Drinking Tap Water can save you a lot of money!

Ok, this may sound like a standard tip but still, the vast majority of people don’t use it.

Drink tap water as much as you can. The more water you drink the less hungry you will be, hence you’ll save on food. That’s a short term saving.

In the long run. The more water you drink the healthier you will be, so you should avoid some health issues and costs related in the future.

This tip was brought to you by Peter from Dollar Sanity.

18. Do not handpick stocks

Frugality is about the efficiency of resources. If you decide to invest in the market, you need to do so efficiently. Why not consider The Efficient Market Hypothesis?

What exactly is “the market,” and what makes it “efficient?” The stock market includes thousands of buyers, sellers, experts, and computer programs—they’re all considered “agents” of the market. These agents all know about different companies’ profit reports and future projections, about past performance and CEO history. Some agents will come to more conservative conclusions from that information, while other agents might be more optimistic. Individual agents aren’t perfect and might overprice or underprice an individual stock.

But as a whole—as a market—the price of a stock will accurately reflect all available information. The overpriced agents and underpriced agents will average out, and the price that the market settles on will be reflective of the stock’s true value. That’s the heart of the efficient market hypothesis. There are thousands of smart people thinking about these stocks. Their combined answer—the price—is the right answer.

You’re clearly very smart! But you aren’t smarter than the market.

Don’t handpick stocks.

This great tip was brought to you by Jesse from The Best Interest.

19. Stop Trying to Impress Others

My frugal living tip would be: stop trying to impress others! It doesn’t matter what kind of house your friends live in, what kind of car your neighbors drive, or what kind of clothes your colleagues are wearing. Let go of other people’s opinions of you and stop making it some kind of competition. You have other goals, other desires, other wishes – accept that.

If you truly want something, I would say: go for it. I’m not saying that you can’t have nice things. I’m saying that you should spend money on things you truly value. I don’t care about living in a big house or driving a fancy car, but I love to go traveling all around the world and spend thousands doing that.

One of my favorite movies, Fight Club, has a great quote: “We buy things we don’t need with money we don’t have to impress people we don’t like”.

This great money-saving tip is brought to you by M. from Radical FIRE.

20. Meal Prep

Each week on Sunday afternoon we will meal prep all of our lunches and dinners for the next 4 days.  At the grocery store, we always check the produce and meat clearance sections and make adjustments to our meal planning based on what is available.  Our local grocer sells 2lb bags of blemished produce for $1 and on most days will have a variety of fruits and vegetables available. They also have a freezer section with 50% off seafood and meat that is already flash frozen so we don’t have to worry about spoilage or wrapping and freezing at home.

This tip is brought to you by Derek from The Money Family

21. Use your local library

Take advantage of your local library to save money!
Take advantage of your local library to save money!

My best money-saving tip is to look to your local libraries for ways to save
money. One example is using something like Libby to tie into your
library’s digital catalog. My wife goes through a dozen audiobooks a
month and downloads them all from the comfort of our home via Libby. I
have read hundreds of books on my kindle without spending a dime. The
amount of free entertainment and self-improvement that’s available
through your library is amazing and many don’t take advantage of it.

Beyond that, the library can save you money on local museums, zoos, and
other family destinations. Plus, a lot of libraries have free classes
and other events that can be great for those looking for something to
do during the week. For investors, you can even get free access to
websites like Morningstar. Even if you never go inside the library
after getting your card, just using the online items can save you a
ton of money.

This great tip is brought to you by Jarek from Time In The Market

22. Differentiate between needs and wants

Understand that you need to pay for needs before you think about your wants. Hint: almost everything is a want. Your needs are a shelter, food, water, time, and freedom. Wants are all the other stuff that screams for your attention. Buy your needs smartly and scrutinize your wants and you’ll be rich.

This important tip is brought to you by Anita from The Power Of Thrift

23. Try a no-spend month

My best tip is to do a no-spend month. It changes your mindset on money. It forces you to think outside the box and be creative. I learned a lot from my challenge and am now thinking things through way more before deciding to buy something.

This cool tip is brought to you by Janneke the Financially Independent Mom.

24. Do not be too hardcore

My best money-saving tip is to not be too “hardcore” about frugality. Too often, you can get burnt out on frugality if you don’t give yourself any flexibility.

For example, if you are planning to always cook at home so you don’t have to spend money on going out, at some point you may find yourself getting home late and not having food. Rather than putting yourself in that situation, consider buying some frozen meals — they may be more expensive than cooking, but it gives you an option for when you truly don’t have time to cook. This will still be better than going out to eat, which will really cost you.

So, even if you’re intensely focused on a goal, you may still come out ahead in the end by taking a path of moderation. The same is true for working a lot of hours, trying not to travel so you can save money, etc. — give yourself a break so that you don’t burn out.

In the same way, I focus on semi-retirement on my own side. It’s a moderate approach to early retirement.

This great tip is brought to you by Mr. SR from The Semi-Retire Plan.

25. Level Down your Transportation

My tip is to level down your transportation! Transportation is one of the big 3 (along with housing and food) where most consumers spend their most money. Unlike cutting out an occasional cup of coffee or pint of beer, cutting down here usually leads to big savings!

As far as leveling down goes, it’s mostly what it sounds like! Going for a new car to a used car saves on car payments. Then, going from a used car to public transport saves on car payments, insurance, and much more. Going from public transport to a bike saves on monthly commuter expenses. And so on! Here is my basic ladder to reference:

  • New Car
  • Used Car
  • Public Transporation
  • Bike
  • Walk!

I understand it’s not possible for everyone to ditch a car, but leveling down your car sure is possible!

This nice tip is brought to you by Kevin from Just Start Investing.

26. Dump your cable provider

At some point, most of you have paid for big brand cable, internet, and TV service. Want to know how to save money? I mean a lot of money? Dump your brand name cable provider and switch.

There are many options to replace the cable that will work as well and that will cost you much less. I looked at options like Hulu, Sling, Apple TV, Amazon TV, and several others before settling on YouTube TV. I’m not going to go into the comparison of each one of the options. I signed up for free trials from most of them and ended up with YouTube TV.

All of these options are streaming services. They come to your TV via the internet. If you don’t have a good high-speed internet connection, it may not work well. Keep that in mind before you decide.

If you haven’t reviewed TV, Cable, mobile phone, and other services lately, you may find you can save without sacrificing service. It’s been great for us. It can be for you too.

This money-saving tip is brought to you by Fred from Money With A Purpose.

Conclusion

I am really thankful to all the bloggers than sent their tips my way for you! Thanks!

As you can see, there are many great money-saving tips you can use to save money! I was really surprised by some of the tips that some of the bloggers sent my way. Some of these tips are really great!

There are tons of things people can do to try to save more money. Of course, not all the tips are applicable to everybody. For instance, with the few hairs I have, I could not become a hair model.

If you follow even only a few tips, you will be able to save money for sure! If you do not know where to start, these are great starting points.

If you want one more tip, my personal favorite tip is to save money on foreign exchange fees with Revolut.

Of these great money-saving tips, which is your favorite? And what you, what is your personal favorite money-saving tip?

About the author

Mr. The Poor Swiss

Mr. The Poor Swiss is the main author behind thepoorswiss.com. In 2017, he realized that he was spending more and more every year, falling into the trap of lifestyle inflation. He decided to cut on his expenses and increase his income. This blog is relating his story and findings. In 2018, he saved more than 40% of his income. He made it a goal to reach Financial Independence. You can send Mr. The Poor Swiss a message here.

2 thoughts on “26 Great Money-Saving Tips from The Best Finance Bloggers”

  1. Thanks for including my tip! I’ve saved tons of money by shopping around at subscription renewal time every year and I always tell my friends to haggle!

    Love the other tips too – one of my favourites is drinking tap water. I am a big fan of tap water and am shocked when people still buy bottled water which probably came from the same place as the tap water!

    1. Hi Peter,

      Thanks a lot for submitting your tip :) This is greatly appreciated!
      I am also shocked when people buy bottled water in countries where tap water is perfectly fine! In Switzerland, we have perfectly good tap water but many people still buy bottled water. It is a huge waste of money and it’s terrible for the environment.

      Thanks for stopping by!

Leave a Reply

Your email address will not be published. Required fields are marked *