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Common Sense Pointers On How To Save Money

Updated on September 2, 2012


There are so many tips out there on how to save money that it's staggering. If we applied all of them to our personal finances I imagine we would be rich!

Here are some more ways people can and do save money and reduce their bills.

Not only that, there are also some great tips on how to not only pocket some extra cash but also some great ideas for preparing for things like holidays.


Open a savings account. One source suggests an ING account. Put aside X dollars per month for your Christmas fund (this will involve coming up with a figure) and stick to it.

Use that money before the holidays to save as much as you can and shop as smartly as you can. You'll be amazed when you have only this amount to spend how much further you make it go!

Do this across the board for any big expenses like weddings, vacations, new acquisitions of any kind. It works!

Quit spending money on expensive photographs. Seek out cheap alternatives such as the $9.95 portrait specials offered at places like Portrait Innovations. Or even better, learn to take your own pictures and print them yourself or have them printed.



Get free magazines.  Go on line and check out what magazines are available for free and cancel expensive subscriptions.  If you must have the magazines you like, get them at the library and you won't pay a dime!

Check out different insurance companies.  Usually combining house and car insurance will lower your payment.  You should do your homework and having a great driving record will always get you cheaper rates.  So will being a student!  Bundling any insurance policies should save you big bucks.

Compare term life insurance policies with whole life insurance.  If you need cash and you have whole life insurance, you can borrow against it but you will need to pay the interest rates each year.  Similar to home equity loans, you have to pay on what you borrow.  Compare term life insurance with whole life and evaluate your situation.  Pick the most cost effective for your situation.  If you need cash, use it wisely.

Get to know Redbox and make it your only video rental source.  You will save tons of money! Just keep in mind you need to be disciplined to watch the movie that day and return it.  You also need to be aware that you will need to be disciplined enough to wait the 30 days until it appears!

Cancel any services or monthly expenses that you simply do not need.  This includes cable packages, gym memberships, subscriptions and things you've signed up for but never use.  You will have extra money in your checking account and you won't miss any of these things.

Reduce cell phone service and consider getting rid of your land line.  Loads of people are doing this to save money and it works.  Get the best plan for the least amount of money for your cell service.  Shop around and don't be afraid to haggle over the best rates, even if you've had them for a long time.  Long time users should be entitled to new sign up rates.  If you think about that and believe it, it will work for you.



Pay half of your credit card payment twice per month rather than once per month.  You'll be reducing the balance earlier because interest is calculated on a daily basis. 

Buy generic prescriptions.  In fact, buy generic everything as much as possible.  You won't believe the savings.  Very few products do not have a generic equivalent which is just as good or just as effective including many over-the-counter medicines, cleaning products, etc.  Generic might equal store brand name.  Check it out!

Think about the season.  Microwave or crock-pot cook in summer.  Use the grill.  Use the oven in winter.  Use your dryer to dry some things that are lightweight but consider hanging clothes or buy a drying rack for heavy items.  Toss in the dryer when they are almost dry and you'll save a bundle.  Always keep your appliances in good working order and your dryer free of lint for maximum efficiency. 

Keep up maintenance on your car.  Replace your air filter periodically as recommended and increase your gas mileage.   Do it yourself and save more money.

Lower the temperature on your hot water heater to save cash.  Setting it to about 120 degrees is recommended to save money and for every 10 degrees you reduce it, you will cut your energy bill by 5%.  Use your ceiling fans in winter to circulate warm air....but reverse the direction of the blades.

Ask for discounts regularly.  If you're a senior or if you qualify for any discounts, find out if special days bring special discounts on things from food to clothing to appliances.  Also ask for a reduction in your property taxes!



These are all basic things we can do to cut our monthly expenses and have more left over at the end of the year. 

Maximize your resources and always think about ways that you can do something cheaper. 

Little things like not eating out, packing your own lunch or tossing out the daily latte costs over time really do add up. 

Saving a hundred dollars here and a hundred dollars there, compounded over time will help you get ahead in life and let you have more to show for your hard work rather than less.

Good luck on the path of saving money.

If you have more suggestions for all of us trying to save money, please leave your comments in the space provided below.


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    • akirchner profile imageAUTHOR

      Audrey Kirchner 

      9 years ago from Washington

      Thanks again, Merrill - great tip and a super money saving strategy. That's kinda sorta the last thing I haven't trimmed and you're talking me into it!

    • profile image

      Merrill Rawder 

      9 years ago

      Yes! Get rid of your landline. If you have a cell phone that's all you need and best of all, you're always "home" to answer it. If you don't have one or are afriad to get one because there too expensive, get a trackphone. They have a senior phone calledS VC that's very inexpensive. $20 for three months service and the phone itself costs $20 which is a great deal and it's a super-simple phone. Nothing fancy and that's good!

    • akirchner profile imageAUTHOR

      Audrey Kirchner 

      9 years ago from Washington

      Hanna - You are too funny - I promise to quit in another 4 hubs....until the next time!

    • Hello, hello, profile image

      Hello, hello, 

      9 years ago from London, UK

      Audrey, with you around we'll never be a millionaire. Stop wrting all these things. lol

    • akirchner profile imageAUTHOR

      Audrey Kirchner 

      9 years ago from Washington

      Gr82bme - I totally agree with you. Thanks for stopping by.

      Ekenzy - Hopefully not a difficult secret!

    • ekenzy profile image


      9 years ago

      this looks like a secret. i will like to try it.

    • gr82bme profile image


      9 years ago from USA

      Every little bit helps. Will share. Thank you.

    • akirchner profile imageAUTHOR

      Audrey Kirchner 

      9 years ago from Washington

      Lela - I don't know about the saint part but I have done a lot of research in the past few months/year on how to trim our budget and guess it is becoming part of my 'mantra'. It does work!

      Darski - You can still keep your internet service and get rid of the phone charges part - you would only pay for internet service then and use your cell phone or internet phone for calls.

      Eiddwen - Thanks so much for stopping by as always!

      Crystolite - Likewise thanks for stopping by - it is important stuff these days it seems!

      BJ - Will have to check that out and link it to this hub! Thanks for pointing that out, dear!

      Pamela - No kidding on the gas prices - everything it seems is going up and up - except our salaries!

    • Pamela99 profile image

      Pamela Oglesby 

      9 years ago from Sunny Florida

      Audrey, This is a great list of money-saving tips and the time couldn't be more perfect considering the rising price of gas and other items in our lives. Voted/rated up.

    • drbj profile image

      drbj and sherry 

      9 years ago from south Florida

      Your money-saving tips, Audrey, are right on the mark and I thank you for these reminders. One of your topics, compare term insurance with life insurance was particularly important to me. So important I wrote a hub some time ago describing the differences and making recommendations. You can read it at the hub, "We Don't Buy Life Insurance. Someone Sells It to Us."

      Have a great weekend.

    • crystolite profile image


      9 years ago from Houston TX

      Your rated because it is very very important.

    • Eiddwen profile image


      9 years ago from Wales

      Hi arkichner,

      Thanks on a detailed article which will definitly benefit many.

      Thank you for sharing

      Take care


    • Darlene Sabella profile image

      Darlene Sabella 

      9 years ago from Hello, my name is Toast and Jam, I live in the forest with my dog named Sam ...

      Hello Audry, ops you are now offically known as "The

      Saver Lady" I hope you like your new title, but I sure do love your hubs, you are covering areas that for everyone to benifit from. Now how can we get rid of our land lines if infact we need them to have computer internet service? I'm I missing something, let me know. rate this up up love & peace darski

    • Austinstar profile image


      9 years ago from Somewhere near the heart of Texas

      Audrey, you are a saint! I already do most of these tips, but I think I should try the Christmas fund. I've never really done that. Thanks!

    • akirchner profile imageAUTHOR

      Audrey Kirchner 

      9 years ago from Washington

      Londonlady - Thanks for stating the obvious - there are a lot of (more than a lot of) ideas out there and coming up with new things is hard to do. But I think repetition of these obvious things helps us all rethink occasionally and maybe regroup. Thanks so much for the visit!

    • Londonlady profile image

      Laura Writes 

      9 years ago

      I honestly could read articles like this all seems like a lot of the same strategies come up a lot, but at the same time every time I read an article, there's 1 or 2 new things that I didn't know! Great hub! Voted up and useful


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