Top 15 Household Money Saving Ideas


How to save money on household goods and services?


Even the most financially secure among us can struggle with money. That’s why budgeting and planning are so important. The sooner you set aside a regular amount to spend on essentials such as food, clothes, and household goods, the sooner you’ll get on track to saving money for retirement or a large unexpected expense such as a costly medical bill or car repair. 

People who struggle with money might not admit it, but they all have their limits. When your monthly spending exceeds your earnings, you start to feel the pinch. Fortunately, there are plenty of ways to save money that won’t put a strain on your budget. Here are fifteen simple ideas.


1. Be selective with your purchases

One of the best ways to save money is to be selective with your purchases. If you’re always buying the latest thing and using that money to buy more things, you’re likely going to end up with a bad bank account. 

So, before you sit down at the registry to list all your future dearest ones, try to choose your purchases more carefully. Don’t just look at the price now. Put yourself in the mindset of the person who will be using the items in a month or so. When you’re buying things regularly, you start to notice patterns. That’s where the saving process starts.

2. Save money by entertaining less

Sometimes, the only way to save money is to spend less money. There’s nothing wrong with having a few drinks every so often, but spending money on drinking too much is a sure-fire way to spend money. And, what happens when you raise a glass to excess? You get drunk, of course, which means you’re likely going to have a lot more expenses the next day. Not only will you have to pay for your drinks and the bar’s food, but you’ll also be depleted from a mental and physical standpoint. 

That’s why it’s important to “party less” and save money instead. 

3. Eat well for less

One of the easiest ways to save money is to eat well for less. You don’t have to spend a lot of money on groceries to make a difference. Rather, it’s about eating healthy and avoiding foods that put a strain on your budget. 

Many people think that healthy eating is expensive. This couldn’t be more wrong. You can easily eat well for less money than you’d spend on take-out every time you go out to eat. 

If you don’t like to cook, try going to a restaurant that offers take-out. They almost always charge more than a sit-down restaurant. When you order take-out, you’re ordering the same thing that you’d order at home. 

Also, consider making a monthly healthy meal plan. This will allow you to feed your family without breaking the bank. And, buying in bulk not only lets you save money on each purchase but also allows you to avoid shipping costs and add less to your bill each month.

4. Shop at discount stores

You can find some serious bargains at discount stores. You can stock up on cheap bags of chips, candy bars, and snack food, or get really creative and find deals at local grocery stores. If you’re really on a budget, you can also try going to clearance stores. You can often find great deals on gently used clothing and household items.

5. Buy used or refurbished

If you don’t mind spending money, of course, refurbished items are a great way to save. They usually cost less than new ones, and they’re often in good to great condition. 

When buying a used or refurbished item, you should research and compare rates and terms and conditions of different used or refurbished item websites. Be careful when buying a refurbished item as there’s a chance it’s not in as good shape as the original item, and could even have cosmetic issues.

6. Keep an eye out for deals

You might have heard that you should “always” shop during sales, but those sales don’t always stop. Some items are just cheaper on Black Friday and Cyber Monday, but there are often deals on regular old everyday items too. 

Keep an eye out for sales and deals on groceries, household items, and more. Even if you have a baby to feed and bills to pay, there are always deals to be found at the grocery store. 

There are always deals at the gas station, and you’re paying more money for it every month. Take advantage of those sales before they’re over.

7. Make regular payments on debts

If you’re able to pay your debts in full, then great. But if not, consider making monthly or bi-monthly payments on your credit card or other loans. This will allow you to pay off your debts in full and will allow you to save a little bit each month.

8. Crop your own fruit and vegetables

If you have a little bit of space, you can also grow your own fruit and vegetables. There are plenty of easy-to-grow vegetables and fruits you can purchase at local grocery stores. 

You can also grow your own herbs and vegetables at home. This will require a little space, so make sure you have room to spare. You can also buy pre-grown vegetables at the grocery store. Look for deals on produce each season.

9. Buy in bulk

If you’re able to buy in bulk, then you can save a lot of money. Look for deals on fruits and vegetables at the grocery store. Look for sales on seasonings and other household products as well. You can also buy in bulk from online retailers like Amazon.

10. Stay organized and plan ahead

When it comes to saving money, nothing improves your organization skills more than practice. By planning for various expenses, you can avoid running out of funds. You can also freeze money and use it when needed instead of buying expensive high-interest loans from banks or credit unions.

11. Don’t buy into the hype on price hikes

Many times we think we’re saving money when we’re just spending more money. When you’re in a rush, you might buy something cheap that you later regret, but in general, don’t overthink it.

12. Minimise hiring house services

Hiring a cleaning service or having a landscaper come out every few months may make you feel like you’re getting a good deal, but you’re not. Those services might cost you a small amount each time, but they typically cost a lot more when you factor in the price of hiring a professional and the time it takes to complete the project. 

When it comes to contractors, remember that you can always find free estimates online and take the lowest offer. If you have to pay for the service upfront, be sure to ask what the final price tag is going to be so you can spot-check prices when you’re hiring a contractor and make sure they’re worth the price you’re paying. 

When it comes to things like housekeeping and yard work, you may be able to save a bit by using multiple services, using different tools and doing these tasks yourself. You also don’t have to pay for things that you don’t need to use often, like uber rides or free magazine subscriptions, if you don’t use them often.

13. Check out coupons

Did you know that you can save money on almost anything by checking out coupons? Grocery stores and other big-box retailers advertise deals on daily products like coffee and milk, but many of those deals only last a day or two. 

Find an online store that provides daily deals and hacks on how to get them without having to call or visit the store every day. Many sites also have daily ad pages that can help you get deals on the things you love without having to spend an arm and a leg on it every time you want to buy something.

14. Don’t forget to bargain

Bargaining is something you do when you want to get something for a lower price than what is being offered publicly. When you’re saving money on household goods and services, don’t forget to make sure you’re getting a good deal. If you’re not aware of any savings, or if a deal seems too good to be true, it probably is. 

To keep yourself from getting scammed, do your research and don’t fall for ads that promise you deals that aren’t real. To avoid being ripped off, always check before leaving money on the table or looking at deals as opportunities to buy things you don’t need. 

15. Save money on groceries and other purchases

If you’re like most people and spend a lot of your budget on groceries, you might want to take note of some of these savings. Grocery shopping can be very expensive, and it might be worth it to save money to cut down on your weekly grocery bill. 

Check out grocery store coupons and deals, and shop during sales when you can find them. If you do spend money at the grocery store, be sure to read up on how certain products are billed so you don’t accidentally purchase costly items. 


Final Thoughts

Spending money is one of the biggest challenges that people face in life. There are plenty of ways to save money, but the most efficient way is to use cash flow. Once you have a cash flow, it’s much easier to budget and save money because you know what you’re spending money on. These were 15 ideas to save money on household goods and services. Use these ideas to your advantage and save money on everything from groceries to utilities.



About Editorial Team 140 Articles
Watch My Wallet has everything you need to know about money, written by real people who’ve been there. Inspired by the philosophy of Early Retirement Extreme (ERE), our goal is to make informed decisions about our finances in order to achieve financial independence.