How to Save Money without Even Trying

When it comes to budgeting and saving money, sometimes it can be a little overwhelming, especially if you are just starting out and trying to get a hold of your finances. You read tips of wacky ways to save money or extreme frugalism and it can seem all too hard.

Set up automatic savings
This is the simplest way to start saving money. Set up a high interst saving account and start putting something in it every pay. You can set it up through your bank so it is a direct debit or ask your payroll person to deposit it from your pay, so you don’t even see the money hit your regular account.

VIP/Loyalty clubs
Anywhere you shop regularly, see if they have a loyalty club. If they do, you could accrue points for discounts, cash back other rewards. When you redeem these rewards, put the money you would have spent on it, straight into your savings account.

Use a money tin
As simple as this is, it works! Get a money tin and empty your change into it. If you have coins in your wallet or pocket, if something costs less than you expected, then put it in the tin. You can deposit the money in the tin either weekly, monthly or once it is full. It is money you don’t usually miss and it soon adds up.

Actually put savings away
Any time you save money on a purchase you were going to make, put the difference into savings. For example, if you budgeted $150 for groceries but only spent $130, then put that $20 into savings. The money you ‘save’ on regular expenses isn’t really saved unless you put it into a savings account. More often than not, people save in one area, only to spend their ‘savings’ somewhere else.

Round down
This is a simple way to save little bits of money here and there. Every time you check your bank account online, round it down. So if there is $112.73 sitting in your account round it down to $110.00 or even down to $100. You won’t miss those few dollars, but if you do this regularly, you can save hundreds of dollars a year.

Saving money doesn’t have to be hard or boring. It is just about changing a few habits and making sure you actually put the money into savings.

Kylie Ofiu is the author of 365 Ways To Make Money, a finance blogger, freelance writer and public speaker. She is also the mum of 2 daughters. She shares real ways to make and save money on her blog.


  1. says

    I’ve used automatic withdrawals to success, but I need to have them go to a secret Swiss bank account that I can only access by flying to Zurich, that way it’s too hard to get to. I love learning new ways to trick ourselves into saving.

  2. says

    Auto savings is the best. I used it for years to do automatic payroll deductions and investments into mutual funds – it combines the power of dollar cost averaging with easy savings.

    Another thought might be to consider real estate investments with no or low down payments, using income from rents to build your equity – kind of another form of enforced savings. Real estate can be risky (lol as we have all seen recently) though.

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