Working day and night to earn and then using it all up at once seems really pointless. So here we are with simple ways using which you can save more money in your everyday life. Here are some simple ways to save money.
22 Simple Ways to Save Money
1. Set Goals

The first step while planning to save your money is setting a goal. Determine how much you want to save within a specific period (like 30 days) and stay firm on it. Calculate how much you’d have to save every day to reach that goal.
2. Pay yourself

One smart way of saving is by setting up an auto-debit from your salaried account to savings account on each payday.
3. Use the 30-day rule
The 30-day rule says that if you are tempted to buy something, wait for 30 days before you actually buy it. That way, you’ll get enough time to think if it is worth spending your money on. Alternately, there’s a 24-hour rule for less expensive items on your wish list.
4. Use public transport / bicycle more often
Using your private vehicles not only leads to an increased burden on the environment but also your money. Instead, opt for public transport whenever possible or go bicycling. Bicycling will also help to keep you healthy!
5. Create a budget
Adopt 50:20:30 policy where, 50% of your income should be spent on essentials like rent, 30% should be used for personal expenses like entertainment and 20% should go directly into savings.
6. Assign a regular No-spending day
Challenge yourself to spend one day without buying anything. Be it a movie ticket or coffee packet. This way you’ll become aware of your buying habits. So, you can get rid of the unnecessary ones.
7. Do not auto-save your card number on sites
So, each time you’ll enter the credit card or debit card number for relentless online shopping, you will consider your choice.
8. DIYs is the trend
Trying out things at home that you usually go out and pay for can be used to save a lot of your money. For instance, make your face packs at home, use recycled material for home decor, etc.
9. Negotiate Your Bills Down
Try and analyze what’s worth and what’s not worth your money. Negotiating can go a long way in saving your money.
10. Share Memberships, Subscriptions, Products, and Tools
If you and your friend share the same interest, then what’s the problem in getting subscriptions / memberships or products that you both can use together! The money also gets divided so it becomes less problematic for both of you. Also, consider the more, the merrier.
11. Choose quality over quantity
Instead of buying too much of anything, buy fewer things that last long even if they’re a little expensive.
12. Calculate the price by hours of work
Take a look at the total price of a product and consider how many hours you would require to earn that much (considering your hourly wages). And then ask yourself if it’s worth so much effort!
13. Make a list
Before you go shopping, make a list and stick to it. This way you will avoid buying unnecessary stuff.
14. Do comparisons
If you can get the same product at a lower rate in other stores, you should obviously go for the cheaper one! And once you realize where you can find your regular products at the least price, bingo!
15. Nothing wrong in buying second-hand items
Refurbished and second-hand tools, devices, and several other products cost way less than the new ones. And often, such products are in good working condition! What else do you need?
16. Cancel unused subscriptions
Just because it is in trend, doesn’t mean you should have it. While subscribing to any internet sites or magazines, ask yourself if it is absolutely necessary for you to do it.
17. Buy in bulk
When you go grocery shopping, buy stuff for 15 days, or a month, at once! This will cut down the cost that you’d otherwise need on a daily basis.
18. Make your food on your own
Avoid eating outside, since it will cost more. Consuming home cooked food is also a great way to avoid the extra pounds!
19. Reduce your energy consumption
Simple hacks like turning off the room’s lights and fans when you’re not around, not using ACs or heaters when not required, can save a few of your expenses.
20. Cut your own hair, fix stuff at your home
With wide internet access and shops, you can save a lot on routine stuff like cutting your hair. Fixing broken things at home can also be a huge money saver.
21. Prioritize
Spend on absolute essentials first. Next on non-essential stuff which you require on most days. Spend on luxuries at the last.
22. Get a solid financial plan
Financial plans help in planning, making budgets and growing your money.