Never Stop Looking for Opportunities to Save Money

ID-10044795I’m wasting no time in the new year to start saving money. In the first five days of 2015, I’ve found two way to save more than$600! None of my saving strategies are revolutionary. Anyone can use these methods to save money. I will admit that saving money does require some effort. Companies will not volunteer up savings for you. Rather, you have take the time and energy to hunt the deals down yourself!  I can tell you that it is totally worth it. Here’s what I’ve done so far:

  • Car Insurance – I will be saving more than $600 on car insurance in 2015. Gather quotes for car insurance has been on my to-do list for several months now. It’s one of those chores that I just hate doing. Such a pain! I finally decided to just do it. I looked into the car and home insurance offered through Costco: Ameriprise. I gave Ameriprise a call and was very pleased with the service and savings. I should be changing everything over next week. Seriously, $600 will be returned to my wallet. Just. Like. That. I’ll be the first to admit that I absolutely hate getting insurance quotes and working with that stuff. But these savings are worth the hassle.
  • FitBit – My husband gets all the credit for saving money on this purchase. I purchased him a FitBit for Christmas. Hubby loves gadgets : ) Total price was around $85. Here’s how we saved money on the FitBit: he has a fitness subsidy through his employer and the FitBit qualifies for this program. So he submitted a receipt and his employer will reimburse him for half the purchase price. We’ll save about $40. I was totally impressed that he thought of this. You’re amazing hubby!

Tips for saving money on basically anything

  • If you are going to purchase a product, search the product on Google to compare prices
  • If you are looking to purchase a service, make sure the get quotes from several professionals
  • Always do a Google search for coupon codes before you purchase a product (store coupons and/or product coupons)
  • Use Ebates to get cash-back on your online purchases
  • Regularly visit coupon blogs like Coupon Mom to help find great deals on groceries, household and personal care products. Don’t bother trying to find good prices and matching coupons on your own.. Coupon Mom has already done all the work!
  • Check to see if your employer offers any savings or discounts for it’s employees. Some employers are involved with all sorts of savings programs for its employees. Always know what perks your employer offers.

The Takeaway

You must do two things to build wealth: keep your expenses reasonable and earn income. Never stop looking for a way to cut your expenses and save money. Seriously you guys, keep your eyes and ears open. Learning how to save money is all about persistence, creativity and effort. We’ve already saved around $640 in 2015 and I’m really proud of this. Saving money a game at our house. We work as a team and it’s a victory every time we save money. These savings will all go towards our student loans and help us pay off our debt faster,

How will you be saving money this year?

 

Image Source: Freedigitalphotos.net

Comments

  1. Mark Davidsaver says:

    How about ditching cable! As this calculator shows you could pay CASH for a new car every 10 years if you did. https://www.yourmoneypage.com/family/fam_lbb3.php

  2. My goal is to focus on my grocery budget more. It just seems I spend way too much for one person. It’s hard though because Im always hungry! 🙂 That’s cool your hubby’s work reimbursed him some for the fitbit!
    Tonya@Budget and the Beach recently posted…One Job I Would Never WantMy Profile

    • yeah Tonya I’m with you.. food is a real struggle for us too. We like eating out a lot. Instead of depriving ourselves, we purchased a discounted giftcard ($100 for $120 value) for a local restaurant/bar that we go to often. If we’re going to eat out, might as well get the best price.

  3. I love googling for coupons right before I’m going to buy something. It feels like free money, because I was going to buy it anyways.
    Jenna recently posted…Checking In With What Really Matters When Setting Goals for the New YearMy Profile

  4. Heh I just read this post and it encouraged me to call my home insurance company. I ended up switching to a lower package that still offers me what I need but saves me a small amount every month.
    Barry @ Moneywehave recently posted…7 things To Stop Wasting Money OnMy Profile

  5. We are working hard on our utility bill and cutting down entertainment this year. We did great last year with our grocery bill, cable, insurance and phone. You can’t stop looking, though, because you never know where you will find deals and they all really do add up.
    Shannon @ Financially Blonde recently posted…Music Mondays – Let’s Get It StartedMy Profile

    • You’ll have to share your entertainment savings tips with us. In general I think saving money is a skill. The more you practice, the easier finding savings gets.

  6. Great reminder Liz. We will be working on meals/travel related costs this year and I am also looking at reducing our car insurance premiums this year. Anywhere you can find a way to save money is time and research well spent.
    Kassandra recently posted…What Was 2014 & What Will Be 2015My Profile

    • Food and meals is always an area that we could use help saving money on. Always a struggle..we love eating out! You’ll have to share any meal/travel cost savings tips with everyone.

  7. I need to work on getting updated auto and home insurance quotes! Maybe I’ll check out Ameriprise!
    Kara @ The Daily Whisk recently posted…New Year, New Idea!My Profile

  8. I like these tips! Car insurance is a big one- the difference in costs for a similar policy can be HUGE from one company to the next.
    Holly@ClubThrifty recently posted…Holiday Money Lessons for KidsMy Profile

  9. I am actually saving money by contributing to my Roth 401k. My emergency fund is set so I won’t be contributing to that. The biggest thing I’ll be doing this year is paying off student loan debt. With that I will have to be as frugal as possible in order to meet my monthly goal.

  10. I am back on budget (actually never too far off) but groceries are a huge place to save money. I never eat out and Starbucks is out of the question. I like your thinking!!!!

  11. Research is must for anyone to acquire in order to save and manage money more. I agree with you that before buying anything, try to consult Google because there are lots of information and ways to buy it cheaper Liz.
    Jayson @ Monster Piggy Bank recently posted…Goal Setting – What are you waiting for?My Profile

  12. Where does your husband work? The health subsidy sounds awesome!
    How To Save Money recently posted…Save Money by Taking Care of Your PenniesMy Profile

  13. That is awesome! My expenses are already so low (insurance for both my car and my renters’ insurance come out to not quite $47 a month, rent plus utilities including phone to $425 a month, and so on) that it’s going to be hard for me to find savings by lowering my bills. My big challenge this year is going to be refreshing my wardrobe without killing my budget; I’m going to try to do some thrift shopping, although that hasn’t always worked especially well for me in the past.
    C@thesingledollar recently posted…Why I Don’t Percentage-BudgetMy Profile

  14. I have not done a very good job of saving in 2015. In fact, I confess to being on somewhat of a shopping spree. It’s funny actually because I have managed to receive discounts on all of my purchases -so, I feel like I have “saved” but, in all actuality, I’ve spent boat loads of cash. It’s always good to remind yourself that you’re not “saving money” if you’re purchasing something.
    A Blinkin recently posted…The Impressive Numbers Behind ABC’s Hit Show: Shark TankMy Profile

  15. For a long time I made saving money a game. Each month in our budget I’d try to outdo the previous month. It actual turned out to be quite successful but you can only go so far with that. At some point you can’t beat the prior month any more because you’ve cut so far.
    Brian @ Luke1428 recently posted…99 Simple Action Items to Help You Spend Less and Save More in 2015My Profile

  16. Great tips. Car insurance is something I really need to keep looking into. I started reviewing quotes last year but got discouraged when I couldn’t find any savings initially. But I’m paying about $107 each month now and I’m determined to cut that down to something more reasonable.
    Chonce recently posted…My Version of The SecretMy Profile

  17. Love this and couldn’t agree more, Liz. So often I hear people say “You can only cut expenses so much”. While that’s true to a degree, I’ve found that if I keep trying, I continually find new ways to save money.
    Laurie @thefrugalfarmer recently posted…How We’ll Accomplish Goals That We Failed At Last YearMy Profile

  18. If you’re open to second-hand, try doing a search on Craigslist for anything you want to buy! It’s a bit harder with clothes or shoes because you need the right size but great for furniture or general household items.
    Christine @ The Wallet Diet recently posted…6 Ways to Dine Out on a BudgetMy Profile

  19. I think doing your research can really help you save money. Of course, it typically comes down to time and determination. If you don’t have enough of both (i.e. emergencies where you just need something fixed asap!) you will always have difficulty saving money. Doing research on Angie’s list has literally saved me at least $8,000 over the past two years.

    This year I am really determined to tackle some home projects on my own. In particular I want to replace our flooring, siding, and interior doors (I’ll have my bro in law do the exterior ones, he’s a contractor and you really don’t want to screw up exterior ones because night come sand then what? Haha). I think home projects are the perfect example of how time and determination are needed to save money. If I’m determined enough and spend enough time consulting the unlimited resources out there, I believe I will have no problem ripping up our old carpet and installing some nice new laminate (and trim, and doors…)
    DC @ Young Adult Money recently posted…7 Ways to Make Money OnlineMy Profile

  20. With you on this one, we’re also spending more on groceries than we’d probably should. The baby related costs are also a tad high, but we’re slowly getting into the groove. A lot of the big items are purchased already (stroller, car seat etc.) so probably we’ll see a decline in our baby ‘budget’ 😉
    dojo recently posted…10 Personal Finance Blog Mistakes You Should AvoidMy Profile

  21. In addition to cutting cable last year, we found other ways to entertain ourselves. Rather than go to the movies, we watch something on Netflix or Amazon Prime.