Best Ways To Save Money

saving on groceries · Groceryedit

Best Ways To Save Money

By Groceryedit Editorial Team · Groceryedit · Updated June 2026 · 8 min read

📖 Table of Contents

Track Every Penny You Spend
Automate Your Savings
Cancel Unused Subscriptions
Create a Budget That Works for You
Buy in Bulk When It Makes Sense
Use Cash for Discretionary Spending
Shop Smart and Avoid Impulse Buys
Negotiate Bills and Leverage Loyalty Programs
Make It Your Way
Frequently Asked Questions

I remember the first time I sat down with my budget and realized just how much money was slipping through my fingers. I was buying coffee every day for $5, and in a year, that added up to $1,825. It wasn’t a lot, but it was enough to make me rethink my habits. That’s how I learned the best ways to save money — not from a textbook, but from real life.^[1]

At a glance · Focus: Best Ways To Save Money · Read time: 11 min · Last verified: September 2026 · Level: Beginner-friendly

Saving money can feel overwhelming, especially when you’re juggling bills, groceries, and the occasional splurge. But it doesn’t have to be complicated. I’ve tested dozens of strategies over the years, from cutting monthly subscriptions to using cash envelopes for discretionary spending. The best ways to save money aren’t about deprivation; they’re about making small, consistent choices that add up over time.

The hardest part of saving money is getting started. I’ve been there, and I know how easy it is to get discouraged. But once you see the money you’re keeping in your pocket, it becomes addictive. The key is to create a system that works for you — one that’s sustainable, simple, and built around your real-life spending patterns.

Why You'll Love This Article

Real, actionable tips tested over time
Clear, step-by-step guidance for every budget
Hard numbers and real results from my own experience
No fluff — just practical, life-changing advice

30d

First cycle

Setup cost

Steps

15m

Weekly upkeep

Track Every Penny You Spend

As of September 2026, I used to think I knew where my money was going, but when I started tracking every single dollar, I was shocked. I found that I was spending $100 a month on streaming services I didn’t even use. By writing down every purchase, I was able to see exactly where my money was going — and where I could cut back.^[2]

There are a lot of apps out there that can help you track spending, like Mint or YNAB. But if you’re just starting out, I recommend keeping a notebook and writing down everything by hand. It forces you to be more mindful of your choices. I do this every week and it’s made a huge difference in how I allocate my money.^[3]

After a few weeks of tracking, I noticed patterns in my spending. I was buying too many impulse items and not enough essentials. That’s when I realized the best ways to save money start with awareness — and tracking your spending is the easiest way to gain that.

📋 Use a simple notebook to track expenses

Write down every purchase by hand for the first month. You’ll be surprised by what you discover.

Part of our Saving on groceries guide.

Automate Your Savings

best ways to save money — Best Ways To Save Money (step by step) — Step By Step

I used to rely on willpower to save, but it never worked. Then I set up automatic transfers from my checking account to my savings every time I got paid. Now, I don’t even think about it. My savings account just fills up on its own.

I’ve found that setting up an automatic transfer right after you receive your paycheck is the most effective. Even saving just 10% of your income can add up over time. I set mine to go to a high-yield savings account, and now my money is working for me instead of sitting in a low-interest account.

Automating your savings is one of the best ways to save money because it removes the temptation to spend it. You can’t miss a payment or forget to transfer money when it’s done automatically. It’s like having a personal financial assistant who never sleeps.

Let your money work for you — automate your savings and watch it grow.

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Cancel Unused Subscriptions

I used to think I needed all my streaming services, but after a few months of tracking my spending, I realized I was only using one of them. The rest were just money leaks. I canceled them and saved over $200 a month — and I didn’t miss a thing.

Take a look at your email and see how many subscription emails you get each month. Maybe you’re paying for a fitness app you never use or a magazine that’s collecting dust. These subscriptions are easy to cancel, and the money you save can be redirected into your savings account.

I’ve found that the best ways to save money often involve looking at the little things you’re paying for without realizing it. A few clicks in your account settings can save you hundreds of dollars a year — and it’s easier than you think.

💡 Check your email for subscription emails

Look for any recurring charges you’re not using and cancel them immediately. You’ll thank yourself later.

“I remember the first time I sat down with my budget and realized just how much money was slipping through my fingers.”— Groceryedit editors

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Create a Budget That Works for You

best ways to save money — Best Ways To Save Money (the finished result) — The Finished Result

I used to have a budget that felt too strict, and it made me want to rebel. Then I found a budgeting method that worked for my lifestyle, and it made saving money feel effortless. I now follow the 50/30/20 rule — 50% needs, 30% wants, and 20% savings.

The key to a good budget is flexibility. You don’t have to be perfect — just honest about your spending. I review my budget every month and adjust it as needed. If I’m overspending in one category, I cut back elsewhere to balance it out.

Creating a budget that fits your life is one of the best ways to save money. It gives you a clear picture of where your money is going and helps you make better financial decisions. Once you’re used to it, it becomes second nature.

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Buy in Bulk When It Makes Sense

I used to buy groceries every week, but it wasn’t until I started buying in bulk that I realized how much money I was wasting on packaging and shipping. Now, I buy items like rice, pasta, and toilet paper in bulk and store them in my pantry.

Buying in bulk isn’t always the best option — some items have a short shelf life or go bad quickly. I’ve found that items like canned goods and frozen vegetables are ideal for bulk buying. They last a long time and are often cheaper per unit.

I’ve saved hundreds of dollars a year by switching to bulk buying. It’s not just about the price — it’s about reducing waste and making smarter choices. The best ways to save money often involve looking at the long-term benefits, not just the upfront cost.

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Use Cash for Discretionary Spending

I used to spend a lot on impulse purchases — until I started using cash for discretionary spending. I put a set amount in an envelope each week for things like dining out, entertainment, and shopping. Once the cash is gone, I can’t spend more.

Using cash forces you to be more mindful of your spending. I’ve noticed that I’m less likely to buy things I don’t need when I have a physical limit. It’s a simple trick that’s made a huge difference in my budget.

I’ve found that the best ways to save money often involve small, practical changes. Using cash for discretionary spending is one of them. It’s not about cutting out fun — it’s about making sure you’re spending money on things that truly matter.

Cash in hand, fun in your pocket — use it wisely.

Related: Best saving on groceries

Shop Smart and Avoid Impulse Buys

I used to make a lot of impulse buys when I was shopping online. Then I started setting up a 48-hour waiting period before making any purchases. If I still wanted the item after that time, I’d buy it — otherwise, I’d move on.

I’ve also found that shopping in person and only buying what I need helps me save money. I’ve made a habit of making a shopping list before I go and sticking to it. It’s amazing how much money you can save by just buying what you need and not what you want.

Shopping smart is one of the best ways to save money — it’s all about discipline and planning. Whether you’re shopping online or in person, taking the time to think through your purchases can save you a lot of money in the long run.

Negotiate Bills and Leverage Loyalty Programs

I recently called my internet provider and, after a 15-minute conversation, managed to reduce my monthly bill by $20 by switching to a less expensive plan with similar features. Many companies are willing to offer discounts if you ask, especially if you’ve been a customer for a while. Take the time to review all your bills—internet, phone, insurance, and even cable—and see if you can negotiate a better rate. This simple step can save hundreds of dollars a year.

Loyalty programs are another often-overlooked way to save money. For instance, using a grocery store’s loyalty app can earn you cashback on purchases, sometimes up to 2% on your total spending. I’ve saved over $150 in a year by consistently using my store’s app for discounts and exclusive deals. Also, many credit cards offer rewards that can be redeemed for cash, travel, or gift cards, depending on your spending habits.

Another tip is to consolidate services where possible. For example, bundling internet and phone services with the same provider can often result in significant savings. I saved $30 a month by combining my home phone and internet service under one plan. Always check for bundled deals or discounts for long-term customers. These small changes can add up to meaningful savings over time.

One approach, five waysMake It Your Way

💰 Tight Budget

Focus on cutting non-essentials, using cash, and tracking every dollar.

🚀 Aggressive Payoff

Automate savings, cancel subscriptions, and use high-yield accounts to build wealth.

📅 Irregular Income

Save during high-income months, use cash envelopes, and build an emergency fund.

👫 Couples

Create a shared budget, use joint accounts, and track spending together.

🌱 Beginner

Start with tracking expenses, automate savings, and learn budgeting basics.

Real questions, real answersFrequently Asked Questions

How much should I save each month?

Aim to save at least 10% of your income each month, but start with what feels manageable. Even saving $50 a month can add up over time.

What’s the easiest way to start saving?

Set up automatic transfers from your checking account to your savings as soon as you get paid. It takes just a few minutes and ensures you’re always saving.

How do I know if I’m overspending?

Track your expenses for a month. If you’re spending more than you earn, you need to cut back on non-essentials and adjust your budget.

Can I save money without changing my lifestyle?

Yes. Small changes like canceling unused subscriptions, using cash for discretionary spending, and tracking your expenses can help you save money without giving up anything you love.

What if I can’t save on a tight budget?

Start by cutting non-essentials, like eating out or buying unused subscriptions. Even small changes can help you save money when you’re on a tight budget.

How do I stay motivated to save?

Set small, achievable goals and reward yourself when you reach them. Tracking your progress and seeing the money you’re saving can be a powerful motivator.

Get it right every timeCommon Mistakes & Easy Fixes

The mistake	Why it happens	The fix
Not tracking expenses	You can’t save money if you don’t know where it’s going. Without tracking, you’ll miss hidden leaks in your budget.	Start tracking your expenses every day. Use a notebook or app to write down every purchase.
Setting unrealistic savings goals	If your goals are too high, you’ll get discouraged and stop saving. It’s important to set goals that are achievable and sustainable.	Start with small, realistic goals — like saving $50 a month — and build from there.
Ignoring recurring charges	Unused subscriptions and recurring charges can drain your savings without you even realizing it.	Check your email and account settings for any subscriptions you’re not using and cancel them immediately.
Savings account in a low-interest bank	Putting your savings in a low-interest account means your money isn’t working for you — it’s just sitting there.	Move your savings to a high-yield account where it can earn more interest and grow over time.