100 Easy Ways To Save Money


Saving money can be a daunting prospect. This is why we have compiled a list of 100+ ways to save money - organised into categories for easier reading. Use this guide to inspire you to find ways to save above and beyond your normal day-to-day routine. Remember, even a small change can make a huge difference to your savings over the long run! 


Categories:

  • Home 
  • Kids 
  • Groceries 
  • Transport 
  • Utilities 
  • Banks and Credit Cards 
  • Expenses 

Ways to save money around the house and at home


  • Participate in ‘Earth Day’ once a week to save money on electricity. Turn all the lights off and do it for money and the environment. 
  • Put the most responsible member of the family in charge of the weekly budget. 
  • Unplug all electrical appliances when not in use to reduce standby power (except the fridge of course!) 
  • Use powdered milk – it’s much cheaper than normal milk. 
  • Hang washing on the line to dry – avoid using the dryer at all costs. 
  • Only buy products on lower shelves at the supermarket – they are always cheaper. 
  • Look for cheaper alternatives to name-brand laundry powders. You can get 20-kilogram buckets for $48 which results in $2.40 per kg – significantly cheaper than almost all other brands. 
  • Buy fruit and vegetables that are in season. Buying out of season is expensive. Also aim to buy from fruit markets and avoid big supermarkets for a better deal. 
  • If you like your brand names, look at sites like saveonbrands.com.au as they often have overstocked items at cheaper prices. 
  • Turn the lights off when you are not in a room. So many people leave lights on and it costs them a lot of money over the course of a year. 
  • Try LED lighting or using energy-efficient light bulbs. It takes 5 minutes to change the whole house and it will quickly help you save money. 
  • Wash clothes in cold water – it saves money by reducing your heating costs. 
  • If you have a gym membership, opt to shower at the gym a few times per week (nobody will tell you to stop wasting hot water either!) 
  • Do the dishes by hand for small amounts, only use the dishwasher if it is totally packed. 
  • Use a slow cooker to cook cheaper meat until it is as tender as more expensive meat. 
  • Dispose of old appliances. They cost you more money. Buy new ones and start saving. 
  • Shop at ALDI as much as possible for main groceries. 
  • The more food you can grow yourself, the more money you save. Try and grow your own veggies and save money by growing seasonal produce. 
  • Avoid takeaway dinners – instead make your own takeaway food at home. 
  • Buy only home brands (supermarket brands) when doing the grocery shopping. 
  • With household essentials like toilet paper, sugar, flour, etc – always go for the cheapest brand. Long-term you won’t know the difference and it will help you to save money. 
  • Once a week, eat down the food stored in your pantry to avoid waste. It also saves you money by giving you one day off from buying new food. 
  • Plan your weekly dinners ahead of shopping (menu planning) 
  • Always use your leftovers for lunch the next day, never waste food. 
  • Stop buying takeaway coffees – make coffee at home instead. 
  • Take your lunch to work. 
  • Learn to make your own washing powder. 
  • Have dinner parties at home instead of restaurants. 
  • Only have ‘happy hour’ drinks after work – after that, go home. 
  • Collect sugar, salt and pepper from fast food outlets to save money. 
  • Homemade pet food (remember to be nutritious to your loved ones!) 
  • Grow your own herbs to save money and never buy herbs again. 
  • Mow your own lawns, do your own gardening. Put a flyer out in the street to do the same for neighbours for a small fee (great passive income and money earner). 
  • When items are well priced at supermarkets (on special) – stock up. 
  • On weekends, take the kids to heritage and historical landmarks in your city. Good history lesson and often completely free. 
  • When using the oven to cook dinner, try and cook other items at the same time to utilise the heat as best as possible. This will save you money by reducing the time you use the oven. 
  • When doing the grocery shopping, start saving money by purchasing the cheapest brand possible for each item you need. 
  • Consider switching brands for better value when it comes to food and essentials. 
  • Always buy the cheapest chemicals for cleaning. They are exactly the same and will help you save money in the long run. 
  • Do your own nails. 
  • Buy meat in bulk. 
  • Shop around for meat prices in a shopping centre. Often the price per kg varies greatly between supermarkets, butchers and niche stores. 
  • Quickly remove rotting fruit/veg – the gas it emits makes the other fruit rot regardless of how old it is. 
  • Start saving coins in a coin jar. 

Saving money when you have kids


  • Babies are not brand-conscious. They do not know the brand name items you are buying. Opt instead for cheap clothes from Target, Kmart, or similar to save money. 
  • At end-of-year sales, opt to purchase clothes for your kids that are slightly bigger so they have clothes later in the year at a discount price. 
  • Prams can vary in price from $200 to $1,000 (or even higher). Most do exactly the same thing; wheel a baby around. Try and find a high-quality pram that matches your needs that isn’t in the top tier of pricing. 
  • Always pre-make lunches for your kids before you leave on an outing, it will save you money and give you greater food choices. 
  • Kids need to stay hydrated! Take plenty of water with you on outings to save money by not needing to shop at convenience stores. 
  • Start an ASG fund for your child's education costs. ASG is the Australian Scholarship Group and forces you to save money by deducting a regular payment from your account. 
  • Learn to tell your child ‘no’. Many parents simply say yes to their kids and in turn spend far too much money on them. 
  • Try and buy second-hand where possible as kids grow out of clothes and toys so quickly. You do however need to be very careful in buying second-hand cots and furniture as there can be potential safety hazards that are not worth the savings. 
  • Start a ‘hand-me-down’ network with family and friends for the group’s mutual benefit of saving money. 
  • Often people say that certain baby items are a complete waste of money. Some of the main items people bought and then didn’t use include; baby baths, change tables and bassinets. Instead, people use the sink or bathtub, the bed for changing, and the ground for playing (on a mat). 

Ways to save money on groceries, shopping and purchases


  • Shop against retail trends. This means buying winter clothes in summer and summer clothes in winter. Winter clothes are put on sale from August and September onwards and summer clothes are on sale between December and January. 
  • Clear out your wardrobe as a matter of priority. Understand what you have in there before buying any more clothes. This will help you save money by not over-buying and help you establish what you actually need. 
  • Price isn’t an indicator you should buy on. Look to buy quality, well-made items if you intend to keep them for longer periods of time. 
  • When you go shopping, look at the items in-store but always check to see if you can get a better price online. 
  • If you go travelling in South-East Asia, look to go to Asian tailors for business attire (or wedding attire) – custom-made suits are highly affordable. 
  • Look to buy second-hand clothes from eBay and Gumtree. They are the first places people go to sell items when they need to make money fast. 
  • Look to buy vintage clothes; be careful as they are often quite expensive these days so always check that your bargain really is a bargain. 
  • Shop at stores like Kmart for basics and essentials as they offer strong value for everyday items. 
  • Consider buying from the yearly sales ahead of time. Try and think about what you might need in six months from now. 
  • Look to buy clothes online and, before going to your cart and checking out, do a Google search for coupons and discount vouchers that might reduce the cost of your basket. 
  • If you need an item of clothing for one event, ask to borrow from one of your friends - e.g. a dress for ladies or a bow tie for guys. 
  • Hold clothing-swap parties with friends if you all want to save money together. 
  • Visit ‘Savers Recycle Store’ – you can often get brand items at significant discounts. This is also a good way to donate your old clothes to those who may get more use out of them. 
  • Buy Christmas presents for the following year straight after Christmas at the year-end sales. 
  • No matter what the store, always ask for a discount. You would be surprised how many people end up saving money by simply negotiating. 
  • Spend money on wardrobe ‘must-haves’ and then slow your spending by purchasing small accessories to alter the outfit slightly. 
  • Do a search on your phone in-store for the same item, find a cheaper price and ask the clerk if they will match the price for you. 
  • If buying baby clothes, buy them in neutral colours like white. This means that you can re-use them regardless of your next child's gender (or hand them down to friends and family to help them save money). 
  • Always op-shop. Op-shopping can land you some serious bargains. Visit Vinnies, Red Cross and any others you see in your day-to-day activities. 
  • Ask friends and family if you can borrow appliances and garden tools to save yourself buying them when you only occasionally require them. 

Ways to reduce your transport and travel costs


  • Reduce the weight of your car contents. Extra weight makes the car expend more petrol to move it, thus wasting money on petrol. 
  • When buying a new car – be sure to haggle with the car salesperson. There is ALWAYS room to move on price and get extras thrown in for free. 
  • Buy your public-transport tickets in weekly or monthly lots; daily purchases are always more expensive. 
  • Fill up with petrol before long weekends - on long weekends, petrol spikes to its highest yearly cost. 
  • Walk to work or ride a bike a few times a week. 
  • Sell the second car and live without; invest the money elsewhere to make yourself more money. 
  • Don’t pay for taxis – always opt for public transport after a night out. 
  • Wash your own car and never pay anyone else to do it - it’s not hard and you can save money. 

Save money on electricity, water and other utility bills


  • Wear warm clothes in winter and avoid excessive use of heating. 
  • In summer, stay cool and avoid using air-conditioning. If you do use it, set it only few degrees below the outside temperature to avoid paying too much. 
  • Turn off lights and appliances when you are not using them. 
  • Switch all of your light bulbs to energy-efficient bulbs. 
  • Have quick showers to save hot water. 
  • Always use cold water in the washing machine when cleaning clothes; it does the same job and costs less. 

Stop paying bank fees, card charges and other silly fees


  • Find an account that doesn’t charge monthly fees. 
  • Don’t pay for paper statements, always opt for e-mail delivery. 
  • Don’t open an account that requires a minimum deposit per month - it will help avoid fees if you cannot be certain of that amount. 
  • Use your bank's ATM, never pay $2 or $3 for using a competitor ATM again and save the money. 
  • Find a credit card that doesn’t charge an annual fee. The high interest rates should be enough for your bank. 
  • Always check out other home loans and credit cards on the market; opt for a low-rate home loan or a credit card that offers a balance transfer rate of 0%. 

Cancel a bunch of expenses, save the money instead


  • Give up drinking wine or beer for a month, and pour the money into your online savings account
  • Reduce the price of your mobile phone plan and save the extra money. 
  • Try to cut back or give up vices - smoking, junk food and buying drinks during the day - and use the money you save to pay off debt. 
  • Reduce your portion sizes whenever you eat out. 
  • Don’t buy lotto tickets or scratchies. 
  • Avoid micro-transactions and micro-entertainment - e.g. magazines, sweets, applications for your iPhone and any other little costs. 
  • List all of your budget expenses in a calendar so you can see your total direct debits for the month.