50 how to save money tips

To help you save in time for Christmas join our 12 weeks debt-free Christmas challenge here


A lot of people are passionate to start saving money but finding it so difficult to achieve it because it, not because they don’t have the money to save but because it requires self-discipline and consistency. Learning to save money, especially finding ways to achieve it is something worth pursuing for the person who desires financial freedom.

There are many good reasons to start saving money, and it's very much a personal choice. But hey, who doesn’t want to have money stashed so they can afford to pay for things. It could be an unexpected bill, your children's school supplies, you want to buy a car, or perhaps, you want to buy a house. The current global COVID-19 pandemic that has put several individuals in financial crisis with insufficient funds to cover emergencies.

Whatever your reason may be, there are a lot of ways to save money for the things you want. The only other alternative is debt, and who wants that!

Here are 50 how to save money tips.

Read through the list and apply them to save and keep growing your savings. Remember to have fun with it and start with the quick wins!



  1. Put monetary gifts towards your savings.

  2. Sell gifts/presents you don't want on eBay, Facebook and so on.

  3. Turn clothing or items of furniture you no longer need into cash by reselling.

  4. Learn how to dress minimally, and still look professional with just a few clothes that match well. You will just have to remix what you wear occasionally.

  5. Cut down your food shop items by 50% by Shopping at discount stores such as Aldi or Lidl for the next two months.

  6. Shop weekly and only when you have used up everything in your cupboards, fridge and freezer!

  7. Go food shopping in the evenings at after about 6 pm, when most supermarkets will start reducing prices heavily on items they need to shift by the end of the day.

  8. Write a list before you go shopping for food and groceries, stick to it and do not spend above your budget.

  9. Avoid shopping when you are hungry because that's a sure way to spend more than you budgeted for. Have a meal before you go shopping and always take a bottle of water with you.

  10. Create a budget and see what expenses you can cut down on.

11. Cancel all non-essential subscriptions and memberships for a few months (remember to give 30-days’ notice). Put that money towards savings.

12. Save on food by taking lunch to work, cooking homemade meals and planning meals.

13. Make your own coffee for a few months; it all adds up.

14. Have a no-spend month (where you only pay bills, save, and contribute towards debt repayment).

15. Save on transportation: drive less, save petrol, take the bus, avoid zone 1 or walk more.

16. Embrace the old and don't get caught up in having new things.

17. Revisit your budget and make additional temporary cuts to reduce expenses.

18. Ask for a loyalty discount on your current subscriptions.

19. Shop around for the best deals, don't be so hasty to purchase!

20. DIY- Consider doing things yourself, your hair, nails, minor home improvements, and make your own shampoo and conditioner.

21. Say NO! No eating out until you have met your savings goals.

22. Be adventurous and try non-branded products. They do the job just as well and can taste better for less.




23. Delay or avoid upgrading for some time. Downgrade and save the additional money towards your emergency stash.

24. Save your loose change, save a penny or pound a day

25. Find a part-time job or do more overtime.

26. Begin a side hustle. Turn your hobby or creativity into a side hustle that can bring in some extra money.

27. Feel bad and say No, anyway! Say no to events, eating out and anything that involves spending money.

28. Cancel your landline: Who uses a house phone nowadays?

29. Cancel your expensive cable TV subscriptions. Save more money by watching your favourite shows on network apps and streaming services.

30. Cut your entertainment budget: Spend the day out with your family and friends in beautiful places filled with fun that you can access freely.

31. Set up your bank account to move funds automatically from your checking account into a savings account.

32. Keep off from owing debts. Monthly debt payments deprive you of your income and the ability to save money.

33. Avoid unnecessary usage of your credit cards. It can be helpful to keep your cards in a safe place at home rather than in your wallet. This will reduce the temptation to spend when you are outside.

34. Save costs on electric bills by keeping lights off when not in use, especially during daytime. It keeps your watt usage low and saves you some money over time. Install energy-saving LED bulbs in your home; they use less electricity.

35. Do regular maintenance of your household gadgets. Cover appliances for as little as £5. This would prolong the life of your gadgets, and save you repair costs.

36. Don't be in a hurry to buy items from a store. Check different stores and compare price, then opt for the cheapest.

37. Opt for store brands in terms of quality and price. Fortunately, times have changed, and store brands now meet up with big-name brands expectations while keeping their costs down.

38. Buy used products and equipment that are still in good condition. They come relatively cheaper than getting it new. The item will serve the same purpose, and you will save money.

39. Whenever you are picking up an item at the store, stop for a moment and ask yourself why you are buying it and whether you need it or not. Return the item if you can't find a genuine answer.

40. Learn to use cashback offers from sites such as Topcashback, Quidco and Swagbucks every time you shop online.

41. Purchase the items that you regularly use in bulk. This reduces the cost per usage and saves you money over time.

42. Stick to reliable and fuel-efficient cars. You will save more on gas purchases when you are using a car that consumes less gas.

43. Take public transportation if there is a mass transit system available near you. Board it to your workplace instead of driving your car, and you won't have additional vehicle expenses.

44. Buy a smaller house you can afford. You don't need a mansion that makes you house-poor to live comfortably.

45. Learn to always negotiate anything with a variable price tag, including your rent. You have nothing to lose by asking your landlord for a reduction in rent.

46. Share and save: There are things you can share with families, friends, and neighbours to save money rather than purchasing them individually. For instance, you can share household equipment, phone, and internet plans.

47. Grow your own food in a garden around your home. You can grow vegetables and herbs in pots, old buckets, and boxes filled with soil if you don't have a ground to till.

48. Plan your food for the week and reduce your eating out. It's cheaper to make your meals. Eating out in restaurants should not become a daily habit as you will end up spending way over your food budget.

49. Don't spree on payday. A lot of people spend half of their monthly wages in less than 48 hours of getting paid. Always have a budget and prioritise your spending.

50. Check your workplace if there are benefits or offers available to you from your employer.

Let's wrap up!


Saving money is achievable. Have a determination that you want to start saving money. You need to be intentional about it to make it realistic. Have a goal, and work towards it by being consistent. Know your motives for saving, and stick to it. Remember these are short term sacrifices for longer-term gain. Once you have achieved your desired savings goals you can go back to having fun!

To help you save in time for Christmas join our 12 weeks debt-free Christmas challenge here

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