ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

15 Simple, Easy, Basic Tips for Saving Money

Updated on March 2, 2012

The economy is definitely in a precarious place and all of us are thinking that maybe it's about time we started setting a little bit of money aside just in case things take a turn for the worse. Unfortunately, the task of trying to save money can seem a little bit overwhelming.

Here are fifteen tips to start saving money right away:

  • 1. Deal with your debt. The single most important thing that you can do to start saving money is to stop throwing it away on paying off your debt. If you've been making just the minimum monthly payments on your credit cards or you have outstanding loans with high interest rates, now is the time to act. Do what you can to reduce the amount of debt that you have outstanding and to reduce the amount of interest that you are paying on your debt. That way, what you earn can actually go to you.
  • 2. Take ten percent out of every paycheck and put it in savings. If you don't even let it get to the checking account, you'll be a lot less likely to spend it.
  • 3. Start eating your fruits and vegetables. The cost of meat and dairy products is generally a lot higher than the cost of fresh produce. Start finding good health recipes that don't use a lot of complex products or expensive ingredients and you'll find yourself saving a lot of money.
  • 4. Find free events in your area. People want to be social but this usually costs them money. They go to the movies or out to eat with their friends. Start going to free events instead - art gallery openings that have free wine, student film screenings and free outdoor concerts or movies are examples of things that you can do without spending money.
  • 5. Reduce the amount of gas that you use. Gas is one of the most expensive things in our lives right now so a true money-saving plan means using less of it. There are many different ways to do this. You can become a hypermiler who goes to extravagant lengths to get a lot of mileage out of each tank or you can simply start walking to work one day each week instead of driving. Whatever you do, cut back on gas.
  • 6. Learn to barter. You have skills that you can use to gain services from other people. Offer to babysit for your sister if she'll clean your house so that you can stop paying the cleaners to come in. Run errands for an elderly neighbor while you're out doing your own in exchange for tax help so you can fire the accountant. Identify the services that you can provide and the services that people in your life can provide to you and start spending time instead of money to get the things that you want. This also leads to better relationships and has other benefits in addition to saving you money.
  • 7. Save energy. Energy costs money and those costs keep on going up. Open the windows instead of turning on the AC and you'll save the Earth while you save yourself some money.
  • 8. Do your reading online and at the library. There is absolutely no reason that you need to pay for magazine subscriptions, newspapers or even books. Get used to the idea that you should do all of your reading for free.
  • 9. Stop picking up the tab. If you're the kind of person who is likely to say "I'll get it" when the check comes around, you should know that there is no social reason in the world that you should be obligated to do this. It's a hard habit to break but it's one that can save you a lot in the long run.
  • 10. Get crafty. A lot of money can be saved if you start approaching life with the DIY mindset. Homemade gifts are more personal and less costly than store bought ones. Materials in the home can be recycled into new crafty uses for decoration and function. Start trying to be this way at least a little bit and you'll find yourself saving money here and there.
  • 11. Identify when quality matters. Many people think that they save money by buying cheap things but then those things are quickly broken or worn out and must be discarded and replaced. Learn to identify when quality matters so that you can spend a little more at the start to buy something that is going to last a long, long time.
  • 12. Stop falling in to traps that get you penalized. Stop making late payments on your credit cards because then you have to pay a late fee. Stop parking in places where you are likely to get a parking ticket. Identify what these traps are in your own life and stop falling into them in order to save money.
  • 13. Give up your vices. If you smoke, you're smoking away your money. If you drink, think about how much you'd save if you didn't. There are some vices that are really expensive and the fact of the matter is that your money could be going better places. You'll be glad that you did it in the long run.
  • 14. Look for ways to reduce your regular bills. It's not just credit card debt that can be costly but all of the services that you pay for as well. Figure out ways to reduce what you pay each month. For example, ditch the landline and just keep the cell phone that you have. Or scale back from the includes-everything cable package to a package with fewer channels. Or bundle your services to lower the total monthly cost.
  • 15. Create a budget. Ultimately the only way that you are going to be able to have a long-term savings plan is to create a realistic budget based on your income and expenses and then to stick with this budget. It's not fun but it's definitely the best way to go.

There are many different little things that you can do to start saving money. The most important thing, however, is that you be aware of your money habits and take the saving seriously in order to make some real changes in your life.


Submit a Comment

  • DarleneMarie profile image


    10 years ago from USA

    Awesome tips for a no-nonsense approach to saving money.

  • MarcNorris profile image


    10 years ago from Canada

    Changing your lightbulbs to CFL bulbs can make a big difference. Also, teaching your kids to shut off the lights once they leave the room (instead of leaving them all on) makes a big difference too.

  • MasonsMom profile image


    10 years ago from U.S.A.

    What wonderful, practical tips! I wish I could follow each of them--I'd be rich!

  • Dottie1 profile image


    10 years ago from MA, USA

    Every little bit saved is a big help. Thanks for the tips.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)