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Saving Money Tips-18 Money Saving Tips In Time For Christmas Savings

Updated on June 16, 2016

The safest way to double your money is to fold it over and put it in your pocket. -Kin Hubbard

Saving Money Tips-Starting With The Bonus Tip!

If you have credit debt and don't have the will power to leave your card behind or cut it up, freeze it. Yes, freeze it-Literally.

To freeze your credit card what you do is take the credit card that is causing you the most financial grief, put it in a cup, put water in the cup, stick it in your freezer, and then freeze the water covering your credit card in your freezer.

The brilliance of this is that if you're going out to make an impulse purchase, you have to wait for your credit card to unfreeze, which gives you time to slow down and evaluate.

Note before you freeze - Heating the water to make it melt faster, for instance putting the cup in the microwave, will only ruin the magnetic strip of the card. There is only one way to make the ice melt fast without ruining the magnetic strip and I'm not telling you what that is.

One thing you might find helpful is to tally the purchases you didn't make because of this method and document what you saved. You will see (as I did) that you quickly accumulate a hefty pocket of cash. Your savings may even be enough to make an extra a house payment or take a vacation, or buy a freezer for storing winter staples.

Besides this one way to save you money. I have seventeen more. The credit card freezing method was bonus.

Saving Money Tips Means Saving Money On Insurance Too-Watch These Great Money Saving Tips!

Saving Money Tips 1-9

17 Ways to save money and cut costs:

1 - Clipping coupons saves tons. Not only can you save on basic necessities, but you can also save in other ways on other things too - especially if you take a moment to go online to

2 - When you eat out, go for the bar men versus the full meals. You'll get twice the food for half the price and you won't have any less fun doing it!

3 - Set gift buying limits for friends and family. Charging a gift for someone won't make you feel good about yourself if you overspend. Gift appreciation won't be ANY more for a $10 item versus a monthly credit card bill.

4 - Paying a monthly gym membership whether you go or not doesn't make good sense. Staying in shape is important so check into joining a walking or running club. You can find them for free in several areas and saving $50.00 or more a month adds up fast!

5 - Dry cleaning is great, but do you really need to take everything? By hand washing and using specialized products for cleaning those special material items in your own washer and dryer you can save as much as $6.00 or more per item.

6 - I love a manicure and pedicure - you may too, so next time you go, pick out lighter colors so that your manicure or pedicure lasts longer. Then stretch it out t o once every 2-3 weeks instead of weekly.

7- If you rent movies, go for the online movie rental instead of store rental. The cost can easily equal half of what you normally spend.

8 - Running late or short on time and you want a snack? Grab some small sandwich bags and fill them at home with nuts and/or chips or dried fruit and take a couple snack bags in your purse with you.

9 - Gasoline for your car doesn't have to break the bank. Go online and punch in to find the least costly gas station close to your area. Price variations can be over $0.50 a gallon-Just punch your zip code in to see for yourself!

Saving Money Tips 10-17

10 - STOP using the IRS as a savings account. If you get money back at the end of the year, go to your human resources department and change your withholding allowances. Increase them. Too many people look forward to that end of the year refund from Uncle Sam. Well, that just makes you a poor investor. Providing the government with an interest free loan every year is not smart money planning.

The reason is because you are GIVING the government your money in an interest free loan. You could be putting that money aside - YOURSELF - in an interest bearing account and at the end of the year, not only will you have earned interest on money you were previously giving away, but you are miles ahead with your credit rating.

I have owned a bookkeeping company since 1999, working in both the USA and Canada and see this waste daily. Get as much of your paycheck as you can up front. Stick it in the bank. Earn interest. Get the payoff at the end of the year instead of the skewer. No excuses for not taking care of yourself.

11 - Wedding party participation requests are exciting and expensive. Reserve this invitation from friends and acquaintances by declining and save it for your best friend/s-Only.

12 - Take your banking to a convenient branch location that doesn't charge you ATM fees. Either that or get cash back at the grocery store when you go in for groceries and whip out your debit card.

13 - Are you moving into a new place and need goodies and gadgets to make you feel more at home? Hit your local thrift store and learn a new decorating technique. It's called Eclectic Style. Save the fancy choices for when you hit the lottery jackpot.

14 - Hook up with your friends before you go out for an informal glass (or two) of wine to begin your evening. We often do this and end up having so much fun that we stay right where we are, but on those days (nights) when do go out, we save the heavy costs of a bar tab hitting us when we leave. Another trick is to have a glass of water between every drink you order. Added Bonus - No hangover!

15 - Split memberships costs with friends, when you can, to wholesale warehouses. Go together 2-4 times a month and split items in too large a quantity for just yourself or your family.

16 - Look online for sales on big ticket items - Television sets for instance (especially if you have a favorite brand - ours is Sony). Print out the best offer online and take it with you to compare prices. It's a fabulous bartering tool - Just try it for yourself and see!

17 - You think going out to dinner is sexy - Try lunch dates! You'll cut costs in half and if you catch a matinee you can still have the rest of the afternoon and evening to enjoy each other! BONUS!

Get Kids Interested In Saving Money Tips! Help Them Earn And Learn Lifetime Money Saving Tips

Saving Money Tips In Time For Christmas-Delightful!

And one last thing - ALWAYS ask for a bonus, a discount, or a price reduction on any service or product you are interested in.  

Total savings potential from these great Christmas saving money tips could = $12,658.00 + Per year.

So, however you say it -

Merry Christmas Savings Will have You Singing - Fa la la la la, la la la la!

Saving Money Tips-18 Money Saving Tips In Time For Christmas Savings Comments

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    • mwatkins profile image

      mwatkins 7 years ago from Portland, Oregon & Vancouver BC

      Hi Lady_E,

      thank you for your comment! That quote has saved me tons of money. If you look around you can find lots more! I just switched our tool storage and saved 2/3 what we were paying before and I switched our mail from a UPS station to a PMB station and saved 1/3 of what we were paying before. These two things saved us $1,326.00 extra off the top immediately and we will be having one great Christmas -that's for sure! Being clever when it comes to money just takes a minute and the savings add up to the thousands. Even adding a few extra dollars to a credit card payment means lots of dollars you save off the interest! Yippee - That's savings that add up in YOUR pocketbook!

    • Lady_E profile image

      Elena 7 years ago from London, UK

      Thanks for the great Tips - This means I won't be worrying about money for Xmas.

      Loved the quote at the beginning. :)

    • mwatkins profile image

      mwatkins 7 years ago from Portland, Oregon & Vancouver BC

      Hi Springboard! Thank you for your great tip on coupons - I'm glad you stopped to comment! I - also - couldn't agree with you more! Parents who teach their kids good money habits leave them with coping skills far beyond their years when they get out on their own. Not only do they fare better, but they often excel farther than their peers when it comes to money matters - AND it does matter!

    • Springboard profile image

      Springboard 7 years ago from Wisconsin

      Is it getting around that time again? Christmas? Ugh. It seems to come around so fast. It's funny you mention the freezing the credit card idea. I've never done this, but I've heard of it. Sounds like a good enough idea to me, especially if you happen to be one of those people who simply cannot thwart the powers of temptation.

      All excellent tips here BTW. On the issue of coupons, one thing I always emphasize is to only use coupons on items you ordinarily buy, and still check the price of the generic alternative. Often times the generic alternative is just as good, and is priced less than the branded item, with the coupon. My aunt used to have this incessant need to use all of her coupons, feeling an expired coupon was a wasted coupon. In reality, she spent more money than she ever saved doing it that way.

      As to "Save the fancy choices for when you hit the lottery jackpot," I can't agree more. And really, that mentality should apply to everything. I always tell people who are on my case about penny pinching, "If you are not a millionaire, you have no business spending your money like you don't have to worry about it." If the money falls short time and time again, it's because you are wasting it. Plain and simple. If you're not getting ahead it's because you are doing something wrong. Time to reassess.

      Great hub.

    • mwatkins profile image

      mwatkins 7 years ago from Portland, Oregon & Vancouver BC

      Hi katiem2! You are most welcome! I think I'll be saving about $75.00 a week if I take my own advice! ;-) Won't that be fun at Christmas!

    • katiem2 profile image

      katiem2 7 years ago from I'm outta here

      WOW thank you for so many wonderful and useful tips on saving money and yes Christmas is a great time to do both, save money and think carefully about how we spend money over the holiday season. Peace :)

    • mwatkins profile image

      mwatkins 7 years ago from Portland, Oregon & Vancouver BC

      Hi Kowality - Seems like saving ones is on everybody's mind right now - thanks for the thumbs up! And thanks for harin g your links! ;-)

    • kowality profile image

      kowality 7 years ago from Everywhere

      Hey mwatkins - So much great info in one place! Thumbs up! Can't wait to see what a difference it makes for me! ESPECIALLY #10!