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What are your best money saving tips?

I recently moved apartment and my credit cards have taken a beating! Now all the major things are paid for, I need to clear my debts and build up some savings. What can I do to save money?

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21 Responses to “What are your best money saving tips?”

  1. tabatagraham said :

    use food couponds conserve energy and make it a rule to put away 20%of what you make away a week

  2. Dazman said :

    cut back on the luxuries,
    buy supermarket brand goods
    don’t waste a thing

  3. mothertiggy said :

    cut up your credit cards for starters then insted of going out and stuff invite people round its alot cheaper and less distance to get home
    then set yourself a budget and stick to it

  4. CrankyYankee said :

    When you shop for anything, ask yourself, “Do I want it, or do I NEED it?” If you don’t need it, don’t buy it.

  5. Moraima H said :

    I would use coupons for groceries and household products.
    I also suggest buying clothes at a vintage store. Not everything, but you can find some really nice stuff at the resale shop. Also change the bulbs in your house to low energy consumption bulbs, they are more expensive, but in the long run you´ll save money.

    If you buy veggies and they are starting to go a little bad, clean them and make soups or creams. Also pack your lunch (if you work outside the house) instead of going out to eat everyday.

    If you make long distant or international calls, invest in a calling card.

    Hope my tips have helped.

  6. Dave W said :

    Cook your own food at home instead of going out. That’s a huge savings.

    Use coupons and buy things that are on sale.

    Try store brands products. Some aren’t very good, but most are fine and they’re cheaper.

    Bring your lunch to work instead of eating at the cafeteria or going out to a restaurant. That will save several dollars a day.

    Don’t buy clothes you don’t REALLY need.

    Things like alcohol and cigarettes cost a lot. Avoid them – or at least limit alcohol to special occasions.

    Plan shopping trips and errands to limit how much you have to drive in order to save on gas. For example, if you pass a store on your way home from work, go in then rather than coming back later and driving 10 extra miles.

  7. andflors said :

    There is no magical way of saving money. It’s like losing weight it is difficult and often painful but In the end really worth it and you feel great about yourself
    Read the money secret by Rob Parsons

  8. pookielog said :

    Snowball your debts. You mentioned that your credit cards have suffered since moving house. Obviously, you will still need to pay them off. Make a list of all your cards, and the interest rates youre paying. Many people try to overpay on all cards. Don’t do that. Pay the minimum on all cards except the one with the highest interest rate. Use all available funds to pay off that card first. Once done, move on to the next highest, and so on. There are some schools of thought that say you should use half your money to save in an emergency fund and the other half to pay your debts. I don’t concur. Use all available funds to clear the credit card debts. Worse case scenario, if an emergency does come up, you can use the existing cards to handle it (only as a last resort of course). It’s better to pay off a card costing you 17.5% then have it languishing in an account at 3%, max.

    Pookielog

  9. Elaine D said :

    Spend less than you earn.

    Pay off credit cards/loans with the highest interest rates first (just make minimum payments on others) as this will save you the most money.

    Try not to give into temptation when you’re out. Just take the amount of cash you have spare to spend and leave all the cards at home. Quite often we forget how much we have used ours cards until the bill comes in. If you only use cash at least you know when its gone how much you have spent.

  10. Lilly11a said :

    1.Move your credit card to an interest fee accounts so you are clearing debt when you make payments.

    2.Buy ingrediants from scratch and make dinner and lunch rather then buying prepackage food.

    3. Fill in offers and send off for free stuff for example herbal essences will give you a coupon for a free hair cut if you buy a shampoo or conditioner.

    4. Join freecycle, i just got a 28″ inch tv for my flat for nothing- it is old but works and will do till I can afford better.

    5. Look for happy hours when going out or go to cheaper pubs like weatherspoons when you can get a burger and an alcoholic drink for £4.00.

    6. Treat yourself to one small thing each month eg new sunglasses. any other treats you want you will have to wait until next month.

    7. Ask for a payrise- they might say no but if you don’t ask you don’t get.

  11. cath a said :

    CUT UP UR CREDIT CARDS!So you cannot buy or pay for anything else on them!Pay them off as quickly as possible! Try to clear one off all together at the end of the month! So if you have five cards pay the most you can afford on four and clear the 5th one altogether. Then month by month the credit cards bills will disappear! Oh!Yeah, take sandwiches and your own drinks to work with you it’ll save you pounds!Stayin in at night with a DVD and a few friends can also save you money 2!

  12. RAGGYPANTS said :

    Do not go shopping unless you have to,
    make a list stick to it,
    make do and mend with some things until you have accumulated some cash,
    don ‘t go out socialising (just for a short time), if you do – make it a goal to spend nothing!

    Definitely cut out take away meals once a month – only used as a treat for being a successful tight fist & miser who has cleared some of their overdraft!

    I have saved a fortune by just popping into a local shop for the items I need ( groceries) every time I go in Tesco I loose £100 on groceries & household stuff. I have saved £400 this year!

    Change your ways – it’s not difficult once you start, it’s fun.

    Forget some of the “extras” we all love when we move!

  13. honey said :

    Check your energy suppliers on one of the many comparsion sites on the internet.We did this and was surprised to learn how much we could save by switching suppliers.
    You can also check to see if you make any saving,by switching your credit cards to one on a lower rate.
    Many companies offer deals for us to sign up,then change their rates,hopeing we be too lazy to change.

    all the best

  14. Ashu said :

    The first and foremost thing u should do is to divide your income into 3 parts on should be usd for paying your previous debts, the second part for managing monthly expenses and the third should be your saving.

    Consider that saving money to be a debt to be paid. Consider some questions b’fore going for a purchase :

    1) Is that article worth buying at this instant of time or can i postpone it for future when it is important for me.

    2) Do not tend to go always for a big brand as sometime a normal may be fine. ( I find it hard to follow my self as brands fascinate me highly)

    Well the last but not the least one avoid any kind of extravagance and try be be a miser till you pay off your all debts.

    Well these tips may find useful all your life long….

  15. SG Elite said :

    Cut down on unneceesary.

  16. rf said :
  17. amtusS said :

    Learn to use your credit cards creatively, i.e. always remember the date when the money has to be paid in and pay at least the minumum amount. and make sure to buy some thing which would not show in next month’s statement as this will give you more interest free time to pay, may be have more then one Card ,pay the full amount in your card by borrowing from the other if you do not have enough to pay it in full as interest charges from unpaid is always more then barrowing.in the long run, it is better this way. always remember what is your income and out going and keep a balance. try to avoid paying too much interest and unnecessary bank charges etc, when ever you can. take advantage of income tax credits.make a regular monthly saving.The best thing is always try to spend less then you earn.

  18. Peeled Onion Head said :

    Make a budget so you know where every dollar goes

  19. Denise B said :

    cur up your credit cards for a start and clear them.

  20. abel jarrod said :

    If you have found yourself overwhelmed by debt from your credit cards, you may be wondering how to eliminate credit card debt in your life. Believe it or not, you have a lot of company when it comes to worrying about how you are going to eliminate credit card debt. Many Americans are over their heads in debt. It is important that you take steps to get your debt under control before you end up in serious financial trouble.

    Find a Way to Get Better Rates

    One way that can help you get rid of the credit card debt that you are in is to find a way that you can get better rates on your credit cards. You can do this by trying to find a credit card that has lower rates than your current cards, and then make transfers over to the card with the lower interest rate.

    Another way you may be able to get better rates is to try to negotiate with the company or have a credit counselor negotiate with the company to get you better rates on your card. While you may not realize it, having a lower rate can actually save you hundreds of dollars and can help you get out of credit card debt much faster.

    Eliminate Debts One By One

    If you are wondering how to eliminate credit card debt, another way that can be a great help is to start working methodically to eliminate your debts one by one. You can choose either to pay extra on your card with the lowest amount of debt or you may want to pay more on the card with the highest interest rate, but whichever way you choose will be a great way to help you get out of debt much faster.

    Debt Consolidation

    If you are serious about getting rid of your credit card debt once and for all, you may want to work on getting a debt consolidation loan. This method of elimination will help give you lower interest rates, a regular payment schedule, and you will only have one easy payment to make each month. This is a very easy and effective way to eliminate the credit card debt that has been causing you so much trouble. Read more about it at: http://www.credit-card-gallery.com/article/195,4_Tips_on_How_to_Eliminate_Credit_Card_Debt

  21. mc stacey said :

    the best idea ive heard of is to put all your credit cards and bank cards into a bowl of water and stick it in the freezer , this way you can no longer impulse buy as you have to take the bowl of ice and cards out of the freezer and let the ice defrost before you can take your cards out which means it gives you time to decide wether you really need the item or if you really want it. most of the time you’ll find that after thinking about it you dont want it as much as you did in the first place any way.




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