Regardless of the current economy, we are always looking for ways to save money. From the richest of the upper classes to the poorest of the poor, saving money is always a priority. And once you check out these 5 Ways To Save Money Every Month, you'll see that reducing your expenses doesn't have to be difficult. And the best part is that once you reduce your "outgoing" cash flow, you'll find that your income goes much farther.

The best part about this list is that the ideas I've listed below apply to almost anybody. You don't need a Donald Trump income to make these work, nor do you need to be on food stamps. But of course if you fall in either category, they'll work for you too.

5 Ways To Save Money Every Month - It's Easy

Want to start saving money? Grab a pen and paper and write down these ideas. Even if you've heard of a few of them, I can almost guarantee that you'll either find some new ideas later down the list, or realize a new angle on something you've been considering for quite some time.

1. Save Money At The Gas Pump

Gasoline is one of the biggest expenses of owning a car, and if you can minimize how much money you dump into the gas pump, then you'll have more left in your pocket. Here are a few ideas of how to get the most bang for your fuel dollar:

  1. Don't buy premium gasoline unless your manufacturer specifically recommends doing so. Most cars run fine on standard 85 or 87 octane gasoline, and running higher octane fuel will give you no benefits whatsoever. Check your owner's manual for the minimum octane recommendation, and don't buy anything above that recommendation.
  2. Keep your vehicle in optimum operation condition. Find a trusted mechanic and have him or her frequently give your vehicle a tune up. A tuned up engine not only offers more power, but provides much better gas mileage.
  3. Keep the windows up. During the summer, it's tempting to roll the windows down to keep cool. Unfortunately, doing so adds a crazy amount of drag to the car and absolutely murders the gas mileage. It might sound counter productive, but running the air conditioner is usually better for your mileage.

2. Save Money At Your Thermostat

Keeping your home cool in the summer and warm in the winter can hit your utility bill hard. Just remember that every degree counts. In fact, some experts say that every degree is worth two to four percent off you power or gas bill. Find creative ways to keep comfortable without cranking your air conditioner or thermostat, such as drinking cool water or wearing layered clothing.

3. Save Money On Your Mortgage Or Rent

Rent or mortgage payments are usually the biggest expenses in most of our budgets. Sadly, it's almost always the reasons why most people are either in financial troubles, or at the very least very cash poor. It's pretty humbling to spend the greatest portion of your monthly paychecks on your abode. Here are a few ways to save money here:

  1. If you're looking to move, resist the temptation to get into the biggest house you can afford. By choosing a more modest home or apartment, you can usually save some serious money, either in the form of lower mortgage payments or lower rent.
  2. If you're stuck in a mortgage that's sucking your bank account dry, consider a refinance home mortgage. If you can find better terms, and have paid down some of your mortgage principle, you could save a bundle every month.
  3. Rent out a room and use your home as a real asset. Many people are looking for rooms, and finding them is often only a matter of running an ad in your local paper.

4. Save Money On Food

Many of us don't think of food as a big time expense, but that could be a huge mistake. If you're the type that enjoys quality food at every meal, consider "stepping down" for one or two meals. Or better yet, cooking your own food from low-cost groceries. Here are some other ways to save money on food:

  1. Drinking drip coffee instead of specialty coffee drinks can add up fast. Imagine spending $1 per day versus $5!
  2. Cooking your steak at home usually costs less than $10 for even the best cuts of meat. Whereas most restaurants charge at least $20 for the same cut.
  3. Cereal for breakfast costs pennies on the dollar compared to eating out, even at cheap fast food restaurants.

5. Save Money At The Bank

It might seem funny, but you can actually make (or lose) some decent dinero based on where you keep your money. That's right, your financial institution can actually put money into your pocket every month. Here's how:

  1. Savings accounts. They've all got different interest rates, so make sure you're getting the most bang for your buck. I've had the best results with online banks, as they have less overhead costs and can afford to pay their customers more.
  2. Checking accounts. Some banks actually offer paying interest rates, so see if yours offers this option. And in a few cases, some checking accounts still charge monthly fees - avoid these like the plague. In today's market, almost any bank will offer you a no-fee checking account, so if your bank doesn't, try shopping the bank down the road.
  3. CDs, or "Certificates of Deposits." If you don't mind tying your money up for a few months or even years, you can often lock in higher interest rates than most savings accounts by signing up for a high rate CD.


Saving money doesn't have to be painful. In fact, it can actually be fun once you begin learning how to reduce the costs of your most every day expenses. So take these 5 ways to save money to heart, and start getting the most out of your income.