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7 Random But Useful Money Saving Tips

Everyone likes to save money, but we do not always know how. Take a look at 7 random but useful money saving tips. The only thing they really have in common is saving money, but that is enough for us.

Save Money By Meal Planning

As Americans, we waste a tremendous amount of food. Part of the reason for that is lack of planning. Start meal planning and save as much as 20 percent on your food cost by preventing wastage.

The concept behind meal planning is simple. Plan out every meal that you intend to make for the week (including snacks) and then use this plan to make a detailed grocery shopping list. With an accurate list in hand, you can buy just what you need at the grocery store and stop buying food that will only end up in the trash can.

As a side benefit to meal planning, you also save a lot of time and headaches. You always know what to prepare and you will never have to make those wasteful last minute shopping trips.

Shop Your Car Insurance Around

When was the last time you shopped for car insurance? If it has been more than a year, you are probably paying too much.

Car insurance companies have this annoying habit of saving the big discounts for new clients. Have you noticed that your premium has gone up with every renewal since you first signed up. This is no coincidence and it is likely not an increase caused by inflation.

Shop for a new insurance policy and you will very likely get 200 dollars or more in discounts off of what you are currently paying. It involves changing companies, but this is a minor nuisance when compared to the savings you can earn.

Become A One Car Family

The work from home revolution has come and it looks like it is not going anywhere. What that might mean for your family is that two cars, and the expenses that come with them, are no longer needed.

Consider selling your car and save a huge amount of money in multiple ways. If your car is financed, you can save the monthly payment. You will also no longer have to pay insurance on two vehicles and your maintenance expenses get cut in half.

Of course, there might come a time when two cars are occasionally needed and to solve this problem, you have Uber. But, the cost of an occasional Uber will be insignificant compared to the savings you achieve by becoming a one car family.

Stop Paying For TV (Even Streaming Services)

If you are still paying for cable or satellite, you already know that you could save a ton of money by ditching it and moving to a streaming service. That being said, why should you pay for these streaming services.

By the time you add up the cost of Netflix, Hulu, Disney and even Prime, you could be paying over 600 dollars a year. This is still cheaper than what cable or satellite costs, but why limit your savings with pay to play streaming services. Instead, take advantage of the numerous free services. You might have to sit through an occasional ad, but you will have hundreds of extra dollars in your pocket or savings account.

Get A Free Energy Audit

The majority of utility companies will provide you with a free energy audit. The idea for them is to ease stress on the utility grid, but for you it could mean easy savings.

You might be surprised at just how many energy savings opportunities that you have. It could be something as simple as changing the setting on your water heater or something a bit more involved like changing all your window seals. In any case, most changes are inexpensive and can save you hundreds of dollars over time.

Buy A Warehouse Club Membership

Sometimes you need to spend money to save money and warehouse club memberships are classic examples. Most memberships come in at 50 to 100 dollars but can save you many times that amount.

You do not even have to have a large family to take advantage of warehouse club savings, because they go far beyond just food. Save on vacations, tires, Christmas gifts, seasonal items and electronics, to name just a few things. Some memberships even come with extended warranties free of charge and no cost services like flat repairs.

Give Up The Soda

Soda has always been expensive, but since inflation has kicked in, it has gotten even higher in cost. Give it up for good and save in a number of ways.

With a 12 pack of soda now going for 5 dollars or more, it is easy to see the savings potential. Even if you only drink a few cans a day, the privilege of drinking over priced sugar water will cost you several hundred dollars a year. This is for just home usage.

If you eat at restaurants often, the savings can be even more significant. At 5 to 6 dollars a pop for a single drink restaurant sodas are a huge money maker for businesses. Cut them out and switch to plain water. You will save both money and your health.

Posted by
James Car

James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.