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55 Practical Ways To Save Money Efficiently

55 Practical Ways To Save Money Efficiently

There are many ways to save money and as you start discovering more ways to save money, you will find that it becomes easier as the days pass. If you are efficient and wise with your money, you can probably save thousands each year.

Saving money does not have to be hard. I was able to save my money and pay off around $40,000 in student loan debt. You can save money to lower your budget, pay off debt, and increase your savings too.  Here are a few practical ways to save money efficiently.

Ways to Save Money on Food

1. Buy groceries in bulk. You may be able to save per item this way.

2. Bulk cook your meals. This can save you money because you are less likely to waste ingredients.

3. Make your food at home.

4. Know which grocery stores have the cheaper items.

5. If you eat out, bring a coupon.

6. Create a menu plan before you go grocery shopping.

Ways to Save Money on Insurance

7. Ask if you can qualify for any further discounts.

8. Shop around for the best insurance rates.

9. If you are confident that you can save money, raise your deductibles. You can raise it from $500 to $1,000 and save some money. I’ve seen some people have $0 deductibles who are wasting a lot of money.

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Ways to Save Money on Transportation

10. Know when to buy airfare. Certain days are cheaper, and flying on certain days are cheaper.

11. Do you really need all of that car insurance coverage? When you have car insurance, there are usually a lot of extras in there, such as towing, rentals and so on.

12. Determine how many cars you really need. Cutting out one car can lower your transportation expenses significantly.

13. Know where to buy gas. Near my house there is a gas station that is almost always 20 cents cheaper than everywhere else. It’s not a large savings, but I don’t even have to go out of my way to go to this gas station, so I might as well go there.

14. Get your tires rotated. Tire rotations are cheap and can really extend the life of your tires.

15. Get an oil change. You might not need one every 3,000 miles though.

16. Clean out your car. Extra weight can mean worse gas mileage.

17. Buy a better air filter. Some air filters have a lifetime warranty and can also improve your gas mileage.

18. Know when to buy a car. There are good and bad times to buy.

19. Use public transportation to save even more money.

20. Ride your bike. If you already have the bike, then everything else after this is nearly free (except for bike maintenance of course).

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Ways to Save Money on Personal Items

21. Ask for generic drugs.

22. Buy store brand. When it comes to medications, store brand is almost always identical to name brand.

23. Buy clothing when it is on sale. Clothes almost always go on sale.

24. Buy second hand. There are many second hand stores that carry the latest styles.

25. Take care of the clothing that you buy. Washing something incorrectly can cost you money because you may have to buy the same item again.

Ways to Save Money on Your Home

26. Keep your furnace in good condition. Have someone check it if you do not know how.

27. Buy efficient windows if yours are no longer efficient. If you have old windows, then you may just be throwing money away because cold air is just flowing right inside.

28. Buy the house that you need. Do you really need 8 bedrooms when there are only the two of you?

29. Shop around for the best interest rate.  1% difference in an interest rate can be a big difference for your monthly mortgage payment.

30. Before you buy, know what the property taxes will be like. There were many homes that we were thinking about buying until we saw how much there property taxes were. A similar house at the same price would only have taxes of around $3,000 per year, but some houses that we found at the same exact price had taxes of nearly $7,000 or $8,000 each year.

Miscellaneous Ways to Save Money

31. Keep track of what you spend. If you are not good with your budget and always spend more than you make, then you need to closely keep track of what you are spending.

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32. Start a budget. Make it realistic and know exactly what you are spending in each category. You will probably be surprised.

33. Little amounts add up. If saving an amount such as $200 per month seems too high for you, aim for something such as $50 per week. A different mindset can help a lot.

34. Don’t spend money on interest. Remember to pay your bills.

35. Avoid ATM fees. Look online to see where you can use an ATM for free.

36. Check to see if you are allowed any discounts. If you belong to any organizations, then you may be able to get a discount on certain items. We receive a 20% discount on our AT&T bill, which is nice and it only took 5 minutes to do, and that was over 5 years ago.

37. Save your coins. Throw all of your coins into a jar and empty it out after it is full.

38. Before you buy something, think about how long you have to work in order to actually buy it. Is that $100 dress worth hours of your time?

39. If you are a bad credit card spender, then leave your credit card at home and only carry cash.

40. Round up. Each time you spend an amount such as $1.33, round up to $2.00 and save the rest.

41. Before you buy something, put it down and think about it while you are shopping for other things on your list. If you still want to go back to it, then maybe you should buy it.

Ways to Save Money when Having Fun

42. Find a coupon before you go out. There are entertainment books available in most cities with many coupons.

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43. Look for free festivals in your area. In many cities and towns, there are plenty of them.

44. Go for a bike ride.

45. Camp out instead of staying at a hotel.

46. Use Netflix instead of cable.

47. Visit the library. You can borrow books and even the latest movies at some libraries.

48. Look for free tickets. For many events, you can find free tickets being handed out.

49. Do a secret Santa this year instead of exchanging gifts with everyone. Buying just one present instead of 10 can easily save you money.

50. Have dinner at a friends instead of going out to eat.

51. If you go out, drink during happy hour.

52. Watch amateur sporting events instead of professional ones.

53. Watch a movie early in the day instead of at night.

54. Have a babysitting group if you had children.

55. Buy season passes. Yes, the upfront cost may be high, but you may be able to save a lot of money as well.

More by this author

Michelle Schroeder

Michelle is a personal finance expert. She earns $1 million per year while sailing.

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Last Updated on April 19, 2021

40 Healthy And Really Delicious Meals You Can Make Under $5

40 Healthy And Really Delicious Meals You Can Make Under $5

Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

1. Fish Tacos in Crunchy Shells ($3.56 per serving)

Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

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    2. Mini-Meatball Noodle Soup ($3.43 per serving)

    We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

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      3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

      Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

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        4. Kabocha Squash and Lentils ($3.12 per serving)

        Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

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          5. Baked Coconut Lentils ($0.91 per serving)

          Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

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            6. Easy Marinated Roasted Chicken ($3.40 per serving)

            We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

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              7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

              This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

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                8. Beef Pot Roast ($3.22 per serving)

                One word: perfect. This meal will warm your insides and fill you up with the high protein content.

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                  9. Fajita-Style Quesadillas ($0.43 per serving)

                  If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

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                    10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                    Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

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                      11. Beef and Black Bean Chili ($1.36 per serving)

                      Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

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                        12. Crispy Fish and Peppers ($2.18 per serving)

                        Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

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                          13. Vegetarian Gumbo ($1.50 per serving)

                          You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

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                            14. Mexican White Bean Soup ($0.99 per serving)

                            With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

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                              15. Black Beans with Mango & Cilantro ($0.38 per serving)

                              Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

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                              Black-Bean-Cilantro-Mango

                                16. Bean Burritos ($0.71 per serving)

                                If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

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                                  17. Five-Spice Beef Kabobs ($2.43 per serving)

                                  The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

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                                    18. Cornmeal Crusted Pork ($1.92 per serving)

                                    If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

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                                      19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                      Easy to do, extremely healthy, and super delicious. A must-try!

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                                        20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                        I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

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                                          21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                          Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

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                                            22. White Bean Tuna Salad ($1.36 per serving)

                                            You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

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                                              23. Sausage Eggwiches ($0.80 per serving)

                                              Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

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                                              Sausage-Eggwiches

                                                24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

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                                                  25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                  Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

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                                                    26. Vegetable Lasagna ($1.73 per serving)

                                                    If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

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                                                      27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                      Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

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                                                        28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                        A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

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                                                          29. Butternut Squash Chili ($1.04 per serving)

                                                          You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

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                                                            30. Fast Shrimp Bisque ($2.03 per serving)

                                                            Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

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                                                              31. Chicken-Noodle Casserole ($0.98 per serving)

                                                              Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

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                                                                32. Burrito Cups ($1.18 per serving)

                                                                Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

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                                                                  33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                  Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

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                                                                    34. Potato Frittata ($0.87 per serving)

                                                                    If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

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                                                                      35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                      Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

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                                                                        36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                        Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

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                                                                          37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                          You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

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                                                                            38. Herbed Salmon ($2.49 per serving)

                                                                            Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

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                                                                              39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                              Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

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                                                                                40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

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                                                                                  Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

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