19 Genius Money Hacks To Save Money Every Month

Last updated on February 8, 2021

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While most of us know how to make money, not all of us know how to save it.

You could be making a decent amount of money every month, but if you are not careful enough to save some, you will find yourself having financial problems.

If you are seeking financial security, you must save some money!

This article is perfect for you if you are looking for tips and tricks for saving money every month.

1) Set savings goals and plans

The first step towards saving money is by coming up with savings goals. Doing this allows you to stick to a plan and even track your achievements.

You need to know precisely why you want to save and what you are saving the money for. Your goals can be short term or long term. These objectives will keep you motivated.

An example of a long-term goal for most people is saving enough money for retirement. Other financial savings goals can include college funds, medical bills, emergency funds, and trips, among others.

As you set your goals, evaluate how much money you make and your monthly expenses. This will help in knowing how much you can save every month.

Remember, you can save as much as you want or even the little money that you have. 

If you can’t save much at the moment, do not be worried as this money will continue to accumulate to huge amounts with time. 

2) Save before you spend 

Saving money before spending it is a great way to save money faster and achieve finance saving goals. 

This is often difficult for many people. The temptation to spend money is usually very high, and you require to be disciplined to develop this habit. 

The idea behind this point is that you will live within your budget and not spend unnecessarily. 

Once you have saved, you can spend the rest of the money as you please without the fear of lacking money in the future.  

Doing this also gives you some financial control, and you feel a sense of achievement. 

3) Use financial management apps

You can make saving money more manageable by using financial management apps. 

Nowadays, there are mobile apps that allow you to record your earnings, expenditures, and savings.  An example is the Wallet App.

And if you are consistent enough in recording this essential financial information, you can know how you use your money and improve your financial habits.

There are other apps like Trim, which avail personalized recommendations to you, and you get to discover savings opportunities. 

Trim is securely linked with your bank account, and it analyzes your spending habits.

Even better, this app works with companies such as Comcast, Verizon, Time Warner, among others, and negotiates bills for you so that you can be able to save more money!

4) Use budget templates

If you want to save money, you have got to stick with your budget.

A budget template is a worksheet whereby you are supposed to fill in your expected income, expenditures, and the amount of money you want to save.

The breakdown of your expenses can be fuel, groceries, medical bills, cable, home improvement, and entertainment, among others. 

Recording all this information helps you not to overspend and ultimately helps you to achieve your financial goals. 

You can create a template of your own.

You can also download budget templates from the internet. Some are free while for others you have to part with some little money.

5) Sign up for cashback programs 

A cashback program allows you to get a percentage of the amount you spent on something back. 

There are several cashback programs today that you can use to get save extra money. 

Examples of such companies include Ibotta and Rakuten.

Ibotta enables you to earn money back by performing small tasks and purchasing some items through the app. 

Rakuten is ideal for you if you shop online often.  If you shop from selected stores such as Macy’s and Target, you will get some cashback.

Even better, you will be rewarded with $10 when you sign up.

6) Get used to eating home-cooked meals

Eating home-cooked meals can help you save loads of money and contribute to your financial security.

Buying take away foods or even eating in restaurants is not bad. However, doing this often can deplete your finances.

When you buy food, there are chances that you might feel satisfied, and you will end up spending more on food. Also, some restaurants sell foods at very high prices.

If food is delivered to you, you will also have to pay for delivery. 

Make it a habit to eat homecooked meals to cut down on food expenses.

7) Stockpile items when there is a sale

Occasionally, stores run sales and sell items at discounted rates.

This is the perfect time to buy many items at a low price and store them for future use. 

 If you do this, you will have enough items to last you for a long time. They could even stay until the next time the things are on sale again. 

This is a significant savings strategy, and you should always be updated about sales going on within your area or in your popular stores.

Along with this, use coupons offered by stores you shop from, whether they are online or offline.

8) Shop at dollar stores regularly 

Shopping at dollar stores is also another great way to save money.

Dollar stores sell goods at a relatively lower price for very many items. Most goods go for one dollar, and there is a wide variety of things you can buy.

Besides the low prices, some dollar stores offer free shipping when you spend a certain amount buying goods from them. Some stores like H&J Closeouts provide free shipping. 

You can also take advantage of the reward programs and discounts offered by some dollar stores.

You might not get all your preferred brands in the dollar stores, but it is always a good idea to buy those that you can find from these stores. 

9) Learn to Do It Yourself 

Do It Yourself, popularly known as DIY, is a way of making or repairing things without professionals help. 

There are several products that you can make yourself and save several bucks. You can make soap, makeup remover, mirrors, seats, and organizers, among others.

When you improve your skills and products, you can even form an additional income source by selling your DIY products or teaching other people to do it.

DIY is fun because you get to be as creative as possible and make the things you like. However, always ensure that the cost of materials will not go over the budget.

If making something will cost you a lot of money that you have not planned for, it is better to buy an already made item and stick to your budget. 

To get started on DIY projects and crafts, you can check Jennifer Makers’ blog.

10) Sell items you do not need

If you look around your home, you will find some items that you do not use or do not need in any way.

If they are in good condition, you can make extra money when you sell them. Some people are looking for precisely that item you have sitting around in your home. 

This could be a piece of furniture, clothes, shoes, toys, kitchenware, farm tools, and so much more.

You can make a garage sale and sell to your neighbors. You can also sell on platforms like eBay, Etsy, and Craiglist. Also, consider using social media platforms like Facebook. 

You might not make millions of monies, but even the little that you get can contribute towards your savings plan.

11) Buy second-hand items

Besides selling items that you do not use, you can also consider buying second-hand items.

Most of these are usually in good conditions, only that they have been slightly used.

You can also find some super deals on second-hand items ranging from clothes, kitchenware, toys, furniture, and so much more.

Second-hand items are usually cheaper than new ones, but this does not reduce their functionalities.

You will find excellent second-hand clothes in stores such as Patagonia Worn Wear, eBay, Poshmark, and Depop. 

12) Plan before shopping

To avoid overspending money or buying items that you do not need, it is always important to know exactly what you want to buy.

Before going to the store, write down everything that you need, including the number of pieces. This works great, especially when shopping for household items like groceries.

If you have not noted this down or registered in your mind, you might end up shopping randomly and spending more than you should. 

13) Purchase plane tickets in advance

Another genius way of saving money is by booking flights in advance. 

Plane tickets can be expensive, and their prices vary based on days and seasons. On weekends and during holiday seasons, most people are traveling.

The demand for air travel is high, and as a result, air companies usually raise the price of plane tickets.

You can avoid such exorbitant prices by booking your flight in advance, mainly when air travel demand is low. At this time, the tickets cost much less.

To be updated on plane tickets’ prices, you can follow up with companies or use sites such as Hotwire.

14) Buy goods during low seasons

There are certain items whose demand fluctuates with seasons.

For instance, during the winter season, the demand for winter clothes is very high, and most stores sell them at a very high price.

When the season is coming to an end, the prices begin to fall. This is usually the perfect time to buy those items even though you will use and need them after some time. 

It is always important to be an engaged shopper who is continuously informed about seasons and how their popular stores lower and raise commodities’ prices.

15) Try money challenges 

These are some sort of plans that you have to follow to save a certain amount of money.

For instance, you can decide to be adding 5 dollars to your savings every day or week. Let’s say you start by saving $5; the next time, you will save $10, then $15, $20, and so on for a specific duration of time. 

Often, most people come together and come up with these money challenges. They set daily or monthly targets and goals.

They encourage each other, and at the end of the duration of the savings, every person informs the rest about the amount they have managed to save. 

But you can also do a money challenge on your own. 

For complete guides on how to go about this, check this site.

16) Use the cash envelope strategy

This is a strategy whereby you put your expenses in envelop categories, e.g., groceries, entertainment, household items, etc.

When you receive money, you put a certain amount in each envelope

This strategy enables you to be disciplined when it comes to saving by ensuring that you stick to your financial plans.

17) Do online surveys

Online surveys are passive sources of income that can contribute immensely towards your savings goals.

Companies like Survey Junkie, Opinion Outpost, and Swagbucks can pay you to do online surveys. 

18) Use Gas Buddy app

If you are looking to save money on gas, you can use this app. This app lets you find the lowest gas prices within your location. 

If you drive a lot, this app will save you lots of money. 

19) Use a change jar 

You can set a jar for keeping any loose coins daily.  This is a simple savings strategy as the coins add up to some good amount of money. Only open the jar after an extended period, like one year. 


There you have it! You now know genius tips and tricks of saving money every month.

Saving money should never feel like a punishment! And it is always wise to save before you use your income.

For you to develop this habit, you need to have clear goals on why you are saving.

Your traveling goals, paying for college, medical bills, and buying an apartment should motivate you to continue saving. 

I’m Olivia Miller, founder of Dollarberg.


My goal is to equip people with the skills required to run profitable businesses from the comfort of their homes.


I teach how to make money online while working from home. In this blog, I cover blogging, work-at-home jobs, email marketing, and Pinterest marketing.


As a housewife and a mother of 3 kids, I have found a lot of freedom and flexibility working from home - and I would like you to have this fantastic experience too.  

Besides work, I love spending time with my family, traveling, and swimming. Want to know more? Read more about me here.

Olivia Miller 

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