15 Money Saving Ideas For Beginners


There is no denying the fact that money is tight these days. In cases like this, saving a few extra bucks each day can go a long way in helping you weather financial hardship. 

Do you know how to save money for emergencies? Or, do you struggle to find time to save money? If so, you’re not alone. 

This post can help you get started with the right mindset and ideas. That’s where these quick and easy money-saving ideas come in. By making a few changes to your spending habits, you can start saving more and still have time for the fun things in life.

Here are some useful tips that might just get you started.


1. Come up with a budget and stick to it

If you’ve always wanted to start budgeting, but you’ve been putting it off because you didn’t know where to start, this is a perfect time! It will take some time to get used to, but it’s worth it.Create a budget that you are committed to keeping. If you struggle to pay your bills on time, your budget could be the reason so it may be time to consult a professional – such as the insolvency practitioners Hudson Weir. Don’t miss a payment or accept a low payment from your credit or debit card company. Build a plan to avoid debt and future financial struggles.

Make sure you know what you’re spending your money on and where it’s going. If you don’t know where your money is going, you won’t be able to save any money. So, make sure you know where your money is going and save as much as you can before it’s too late!

2. Set small financial goals

When you first start saving, it’s easy to set big, unrealistic goals. But for the love of your money, don’t do that. Start small and focus on saving a small amount each day.

If you can save a few pounds each week, it will add up over time and you’ll be glad you did. This will also help you build a better financial foundation and get you on the right track with your savings.

If you can, try to save a little money each month. Just don’t put all your eggs in one basket. Set small financial goals and work toward them each day. If you want £50,000 in a retirement account, start there. If you want to save £50 a month for a year, that’s not a problem either. Just make sure you have a manageable income before you start.

3. Get a daily deal or coupons

Coupons and discounts are a great way to save. You can also get deals online. This will often have daily deals that are not only valid online but in-store too! Search online deals or check out the latest coupons and deals at your local supermarket. This will help you save on popular brands, like detergent and coffee, as well as everyday items, like toiletries, household supplies and beauty products. 

This can be a great way to try out new brands without having to pay full price. Not only that, but you may find that these deals are even better than the printed coupons! Don’t miss out on these savings opportunities because they may be limited-time offers, so make sure you check them regularly to make sure they aren’t already expired.

4. Look out for cash-back offers and coupons

Coupons and discounts are great. Cash-back promises you will receive a certain amount of money back when you make a certain amount of purchases. Many websites will email you weekly cash-back offers. Make sure you check them daily to make sure they aren’t already expired. 

A cash-back offer may seem like a good idea at first, but you have to take care of your own needs first. A cash-back deal won’t help with the debt you’ve accumulated, so just make sure you have the money saved up before you sign up for a cash-back offer. And if you don’t use the cash-back offer for a long time, it may expire and you’ll have to start all over again!

5. Buy in bulk

Buying in bulk can save you a lot of money. Instead of buying one small item at a time, you can instead save money by buying in bulk. This can save you time and money, and it can also save you from getting scammed. Buying in bulk not only saves you money, but it can also save you from being shafted by other retailers.

When you buy in bulk, you can often get better deals on items because you know you are saving a small percentage of the total price on each purchase.

Buying in bulk can also save you a significant chunk of change. If you have a reputation for being a great customer, you may be able to negotiate a lower price on in-stock merchandise. If not, you can always buy in bulk and save money on your next purchase.

6. Look into used goods

This one is a no-brainer, right? We all have goods and old things lying around that we haven’t used in a while, right? The reason we don’t fix or use them anymore is probably that they don’t work anymore. You can restore, repair, or use old goods to their original purpose for free. If you’re handy, you can even try doing some minor repairs yourself. Even if you’re not that handy, there are plenty of websites that offer free tutorials and tools to get you started.

If you are looking to save some extra cash, looking into used goods can help you save. This is because many secondhand goods websites like Craigslist and eBay can be a great source of cash. These websites are known for their random assortment of used goods, ranging from electronics to clothing to furniture. You can often find great deals on items that have been previously owned.

If you are looking to make a purchase, always check the item’s condition first. 

7. Eat out less

We all know that going out to eat is expensive, but eating out too much can cost more than you imagine. Whether it’s for a work dinner or a night out with the girls, overindulgence can lead to bad choices in the future. 

Start small. For example, if you go out for dinner two nights per week, eat at home the other two nights, and only go out for drinks or drinks with certain friends every few months, you’ll save a significant amount of money.

8. Lock in that special deal

Sometimes, you just have to look in the right place for a special deal. When looking for deals, always keep an eye out for lockable special deals. These are often marked with an icon. The deal may involve special offers or discounts only available during certain events, such as Black Friday or Cyber Monday. 

Remember to never miss an opportunity to lock-in that special deal. It could be something as simple as saying you will take an appetizer with your meal if a deal on dessert is available.

9. Grab the free shipping offer

Shopping online can be a great way to save money, but always do your research first and look for deals that involve free shipping. When shopping online, look for places that offer free shipping on multiple items. 

Some websites even offer free returns. While free returns may not sound like a big deal, they can save you a lot of money in the long run. Make sure you keep all the receipts for your online purchases, as well as any gift cards or coupons that you may have received.

10. Ditch the dessert, have a cheat day once in a while

There is no sense in spending money on sweets when you don’t have to. You can always have another piece of cake once in a while, but eating a full-sized piece every day would probably be overkill. This is especially true for people on a diet. 

Always have some treats that you can eat on the go, such as nuts, candy or fruit. If you are not consuming sweets regularly, your body will start to metabolize sugar more slowly, which can help you lose weight and save money in the long run.

11. Don’t overspend on impulse buys

We all have that one item that we buy on a whim that turns out to be a costly mistake. So, make sure you stay within your budget and don’t buy things you don’t need just to save money. 

If you have a sudden craving for a certain brand of food, look online or in-store for deals on that product. You may find that brand is on sale for half price or less! Or, if you see a deal on a box, don’t open it. Leave the box where you found it and walk away. This will save you money in the long run because you’ll spend less money and have time to save again!

12. Don’t be afraid to bargain hunt

Bargaining can be a time-consuming and difficult process, but it’s a necessary one. If you’re shopping for groceries or looking for a deal at the store, start by asking employees or managers about their sales. 

If you’re unable to bargain, look for sales on services or day-of-purchase items. This way, you’ll still save money and have a happier shopping experience.

13. Don’t forget about rewards and incentives

Rewards and incentives are great. They can keep you on track with your savings and increase your motivation to make changes in your life. For example, you might be able to receive a £50 reward card when you make a certain amount of monthly savings. This can be a great source of motivation to save money! 

Or, you may want to consider signing up for a rewards program with an airline, hotel or credit card company. These programs often have cash-back offers that expire periodically, so make sure you check them often to see if they haven’t already expired!

14. Plan your weekly meals

You don’t have to go out to eat every day. Going out causes more damage than good. Instead, make a list of all the meals that you normally make and try to plan around them. You can use the same ingredients and even just use a different type of meal to get the same effect. 

Another tip is to plan your meals around your work schedule. If you have a 9-5 job, try to make your work meals last until 5 pm so you have enough time to eat, catch up on emails or finish up any side tasks before heading home. If you’re on a strict schedule, try to eat during your free time so you fit in your scheduled meal time. 

Another great way to save money is to prepare your own food. There are lots of things you can purchase that are convenient, healthy and low in cost. You can also grow your own vegetables and herbs at home. This will allow you to save money in the long run by eliminating the need to go out and buy vegetables often.

15. Pay down debt rather than add to it

We spend money we don’t have every day. So, when we have a debt, even if we owe it all to the credit card company, we pay that off first and then start to save. This will make you feel better about yourself because you’ll have more money in your pocket at the end of the month. 

And if you have a hard time repaying your credit card debt, you may want to consider refinancing your mortgage or taking out a loan to pay off it. This way, you won’t have to worry about debt anymore. So, if you have a credit card debt, pay it off and then use the money sourced to pay off your mortgage or loan as cash for your expenses until you’re able to pay off your credit card debt. This will free up more money in your pocket to save and/or spend on whatever you want!


Final thoughts

Knowing a few money-saving tips can help you out a lot. By following these ideas, you can make your money savings journey a little easier. Don’t forget to use the money you’ve saved to buy yourself something you always wanted. In the end, your money will be well spent.



About Editorial Team 142 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.