News

15 Sneaky Ways People Save Money That Many Never Knew Existed

by:

Discovering sneaky ways to save money can be like uncovering hidden treasures in your financial journey. By exploring these unconventional methods, you can uncover new avenues for saving money that may have previously gone unnoticed, ultimately bolstering your financial health and empowering you to achieve your savings goals.

1. Round-Up Savings Apps

Purchase a High-Yield Savings Account
Photo Credit: Depositphotos.

These apps are game changers. Every time you buy something, they round up the amount to the nearest dollar and save the difference. It’s like finding coins on your couch, but every day. This method feels painless because it’s just a small change. Yet, over time, it adds up to a significant amount.

2. Cash-Back Credit Cards

Handsome caucasian business man holding credit card and wallet
Photo Credit: Depositphotos.

Using the right credit card can be like getting a discount on everything. Some cards offer cash back on purchases. This means every time you use your card, you’re saving a bit of money. Just make sure to pay off the balance each month to avoid interest charges.

3. Automated Subscriptions Review

Review Subscriptions
Photo Credit: Depositphotos.

Subscriptions can drain your wallet without you noticing. Some services scan your bank statements for subscriptions. They help you cancel the ones you don’t use. It’s like cleaning out your attic and finding the money you forgot about.

4. Energy Efficiency Kits

LED Light Bulbs
Photo Credit: Depositphotos.

Many don’t know that utility companies often offer free energy efficiency kits. These kits can include LED bulbs, low-flow showerheads, and more. They reduce your utility bills by using less energy. It’s a simple switch with a lasting impact on your bills.

5. Grocery Store Clearance Sections

Smart Grocery Shopping
Photo Credit: Depositphotos.

Almost every grocery store has a clearance section. It’s full of items close to their sell-by date but still good. This section offers a treasure trove of deals. By planning meals around these discounts, you can slash your grocery bill. It’s like a treasure hunt in the aisles of your local store.

6. Library Perks

Library Card
Photo Credit: Depositphotos.

Libraries offer more than just books. They’re a goldmine for free access to magazines, movies, and even online courses. By tapping into taxes already paid for, this is a smart move. It’s like finding an oasis in a desert of subscription fees.

7. No-Spend Days

couple watching tv
Photo Credit: Depositphotos.

Challenge yourself with no-spend days. These are days when you don’t spend a single penny. It forces creativity in using what you already have. This strategy shines because it turns saving into a game. Plus, it highlights the difference between wants and needs.

8. Bulk Buying with Friends

Bulk Buying
Photo Credit: Depositphotos

Teaming up with friends to buy in bulk can lead to big savings. It’s like buying wholesale without needing a store. Since the bounty and the cost are split, this works well. It’s perfect for items with long shelf lives or big-ticket purchases.

9. Planting a Garden

Ripe tomatoes growing on a branch in the garden
Photo Credit: Depositphotos.

Growing your herbs and veggies can trim your grocery bill. It’s not just about saving money, though. Fresh, organic produce is also delivered right to your door using this method. It’s like having a mini-farm that pays dividends in health and savings.

10. DIY Gifts

DIY Projects
Photo Credit: Depositphotos

Handmade gifts save money and add a personal touch. From knitted scarves to homemade jams, these gifts show thoughtfulness without breaking the bank. Time and effort are valued over price tags in this approach. It turns every occasion into an opportunity to save.

11. Barter System Revival

Joyful african american woman pointing at magazines while spending
Photo Credit: Depositphotos.

Trading services with friends or neighbors can lead to mutual savings. Maybe you’re great at web design and your friend excels in car repairs. By swapping skills, both parties save money. This approach works because it leverages existing talents as currency, bypassing the need for cash.

12. Unplugging Unused Electronics

Unplugging Unused Electronics
Photo Credit: Depositphotos.

Electronics that are turned off but plugged in still consume energy. Unplugging them can reduce your electricity bill. It’s a simple action with a clear payoff: lower energy costs. Think of it as turning off a dripping faucet to save water.

13. Water Bottle Refills

Reusable Water Bottles
Photo Credit: Depositphotos.

Using a refillable water bottle instead of buying bottled water saves money and reduces plastic waste. It’s a win-win. This method is effective because the cost of tap water is significantly lower than bottled water, and it’s just as good for hydration.

14. Buying Store Brands

Young woman shopping in the supermarket grocery store for fresh greens
Photo Credit: Depositphotos.

Choosing store-brand products instead of well-known brands can significantly reduce your grocery expenses without compromising on quality. 

It’s a little-known fact that many store brands are manufactured in the same facilities as their more famous counterparts. Store brands have solidified their presence in the U.S. grocery scene, with 2023 figures from the Private Label Manufacturers Association (PMLA) showing that store brands were sold in 175 out of 179 food categories, which is 98%.

For non-food items, store brands were present in 132 out of 138 categories, or 96%. Making the switch to store brands is a savvy move, emphasizing the intrinsic value of the product over the allure of its branding.

15. Using Public Transportation

Use Public Transportation
Photo Credit: Depositphotos.

Taking public transportation instead of driving can save on gas, parking, and maintenance costs. It’s also better for the environment. A cost-effective alternative to individual car ownership, this strategy maximizes public resources already available for public use.

50 Super Simple Side Hustle Ideas

Photo credit: Depositphotos.

50 Super Simple Side Hustle Ideas (& How to Make Them Work)

10 Frugal Lessons I Learned From Being Flat Out Broke

Photo Credit: Adobe Stock.

10 Frugal Lessons I Learned From Being Flat Out Broke

Creative Ways To Make Money

Photo Credit: Depositphotos.

Creative Ways To Make Money

20 Easy Ways to Raise A Credit Score Fast

Photo Credit: Depositphotos.

Read More: 20 Easy Ways to Raise A Credit Score Fast

Frugal Living Tips: The Essential Guide To Start Saving Money

Photo Credit: Adobe Stock.

Frugal Living Tips: The Essential Guide To Start Saving Money

 

2015_MSN_logo.svgGet more stories from Bento Bucks on money hacks and trending money news!

This will close in 20 seconds