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40 Money Saving Ideas

By Edited May 15, 2015 9 21

As the old saying goes 'Look after the pennies and the pounds will take care of themselves'. But looking after the pennies is slightly trickier than it used to be and in these times of economic uncertainty, we're all looking for more and more ways to save.

Here are 40 small changes you can make in your daily life; if applied rigorously enough, they will alter the way you spend significantly. As a result, the savings you'll make will add up to give your bank account a healthy boost.

Money Saving Tips

1, Rather than splashing out on numerous expensive cleaning products, try using white vinegar as an alternative; it's dirt cheap and is actually more thorough than lots of the big brand cleaners.

2, If you pay for numerous digital/satellite TV channels, make a list of the ones you actually watch on a regular basis and cancel your subscription to all the others.

3, To get your dishes really clean, you rarely need to put a full dishwasher tablet in the machine; try using half instead and a pack will last twice as long.

4, Rather than paying for a fancy big name garage for your car check-ups, use a government MOT test centre, as they have no vested interest in prescribing repairs for your car so it's more likely to pass first time.

5, Do you spend a fortune on food during the working day? Get into the habit of making yourself a packed lunch. Do it the evening before to avoid the early morning rush.

6, Never leave the fridge door open for longer than necessary. You'll save tons of energy this way.

7, Don't leave electricals on standby overnight. It's a tough habit to break, but so many of us leave our laptops and TVs ready to go for hours and hours.

8, If you buy a certain magazine every week, consider taking out a subscription as it will usually work out cheaper in the long run.

9, For short distances, ditch the car and walk (or cycle). Money saving and healthy all in one!

10, If you are planning a holiday, consider camping as a fun, inexpensive alternative to the luxury beach resort.

11, Use rechargeable batteries in all your remote controls and battery operated goods.

12, Rather than spending a fortune on the gym, fill up empty fizzy drink bottles and use them as dumb-bells at home.

13, If you are preparing a meal using pans use plates as lids on the pans. This way, there's no need to use extra energy warming the plates in the oven.

14, When travelling long distances, look into the cost of a coach trip instead of taking the train. The savings are usually massive.

15, Look out for student nights at your hairdressers. No, you don't need to be a student to qualify; it's when the apprentice hairdressers get the chance to work at their craft on willing customers (who get a very cheap haircut, sometimes even free).

16, For staple long-lasting foods and non-fresh items (such as tinned and frozen goods), do a separate shop at a budget supermarket and stock up once a month.

17, Instead of toilet cleaner, use a cheap cola drink to make the loo sparkle. It will work just as well for a fraction of the price.

18, When using the oven, be economical and do a batch of cooking all at once. Cakes and meals can then be frozen and re-heated in the microwave.

19, Never have the windows open and the heating on at the same time. It sounds like common-sense, but you'd be surprised at the amount of people who do just that!

20, Instead of investing in books and DVDs, join a library and borrow them instead.

21, If you are only a semi-regular internet user, you can also use the library for online access rather than paying a monthly bill.

22, Don't overfill the kettle. If you are making one cup of tea, only use the amount of water required for that cup.

23, Start a car-share scheme with friends and colleagues from work. This will ultimately save you loads of cash and, as a bonus, you're doing your bit for the environment.

24, Do your shopping at the supermarket late at night when many items have been reduced for clearance.

Coffee cup(97241)
25, Cut out snacks and take-away coffees between meals. It's far healthier and you'll notice the savings within a week.

26, For the kids, try to find a local toy-lending library. Saves you money as you aren't actually purchasing the toys and the children get new toys every couple of weeks or so.

27, Ignore the 'rinse and repeat' instruction on your shampoo bottle. Once is nearly always enough.

28, Organise a clothes-swapping party with a group of friends. One man's trash is another man's treasure.

29, Opt for showers over baths. It will save you a fortune in water bills.

30, Use email as often as possible, as opposed to phone calls or texts.

31, Swap baby wipes for cotton wool and lotion or water.

32, Turn your central heating thermostat down by one degree. I bet you won't even notice the difference in the heat, but you'll certainly notice the difference when the bill hits the door mat.

33, Double check your TAX code. If it's not correct or out of date, you could be paying more than you need to.

34, Do a bit of research and find out about local co-operatives where a group can buy food in bulk and split it between them.

35, Sign up to money-off sites, for deals, vouchers and discount codes, but don't buy items simply because they have money off. Only use the vouchers on items you were already intending to buy.

36, Gather together all of your unwanted possessions and sell them on eBay or at a car boot sale.

37, Don't do the weekly food shop when you;re hungry.

38, When you hire any equipment (for DIY purposes for example), do it over a bank holiday so you get an extra day free of charge.

39, Try being a vegetarian for a few weeks, or at least cut down on your meat intake. This will detox your body and your purse.

40, Make sure all lights are turned off in rooms that you're not in.

Hopefully, applying these small changes will make life a little easier in the future and help you get a handle on your finances.



Jun 1, 2012 9:35am
I tried number 5 a few months ago and couldn't believe the difference. A few pounds here and there soon adds up.
Jun 1, 2012 11:10am
Some great tips there.
My computer's diagnostic program is showing its current session at 41 Days uptime.... I bet a vast proportion of that is idle!
Jun 1, 2012 1:24pm
Thanks for the comments guys. Every little helps.
Jun 1, 2012 4:03pm
There are some great tips on saving money here, well done. As you said every cent helps.
Jun 4, 2012 10:40am
That's right Misskate. In this day and age we need all the help we can get.
Jun 5, 2012 5:46pm
Nice Article - you can easily add to number 5 by taking a water bottle to work instead of buying sodas at work (for me this can be like $3-$5 a day). I've heard water is good for you too, but I think the juries still out on that one....
Jun 5, 2012 6:53pm
Excellent article and great advice! I think more of us could take some of these suggestions into practice.
Jun 11, 2012 8:38am
These tips are particularly useful in these economic times. It's amazing the savings that can be made by changing little things.
Jun 13, 2012 1:57pm
Glad you find the tips useful guys. We all need to save the pennies.
Jun 13, 2012 3:43pm
Using rechargeable batteries is a great idea. I have been doing this for a while now and I save quite a bit of money each month.
Jun 14, 2012 1:09am
Yeah - me too. Definitely saves a few bucks.
Jun 28, 2012 9:37am
Really good tips
Jul 1, 2012 3:00am
Some good ideas there. Some new ones I'm going to try. Thanks.
Jul 1, 2012 11:51pm
Thanks for the comments Ipedlar and andrewlemon. Hope you notice the savings.
Jul 8, 2012 10:33pm
Great article, i am printing it out and handing it to my wife... fingers crossed
Jul 9, 2012 3:35am
Ha! I hope she takes some of the ideas on board ajsbooks. Thanks for the comment.
Jul 14, 2012 1:24pm
Great article,

I'm not so sure about No.12. I'm all for saving money but looking after health is important too - you could go for a run, that would be free assuming you have the shoes and a t-shirt.
Jul 19, 2012 2:24am
I absolutely agree that health is important - I'm a keen runner myself. With number 12, I guess I'm trying to get people to use their imagination to improve fitness rather than just sign up to a gym. Thanks for the comment.
Jul 19, 2012 2:24am
I absolutely agree that health is important - I'm a keen runner myself. With number 12, I guess I'm trying to get people to use their imagination to improve fitness rather than just sign up to a gym. Thanks for the comment.
Oct 28, 2012 9:41pm
Thanks for sharing your money saving ideas. I don't know if you mentioned this or not but, another idea is to unplug your microwave, tv and anything that you won't be using for a while. Thats what I do and I been paying less than $30 a month for my power bill. Then again, I live in a apartment and not a house.
Apr 9, 2014 10:58pm
Great tips for a variety of savings. We use all solar powered products for security lights, power on house and caravan, on roof of car to charge up batteries and run fridge, and even solar battery charger to keep car battery charged while away for a month.
Use all LED lights right throughout the house that save power too. Great article. Keep adding you will eventually get it to 50 or more great ideas. Rated up..
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