Save Money, Live Better With These 20 Money Saving Hacks
You don’t have to spend a fortune to travel and live a great life.
In fact, you can do both at the same time by making some simple changes in your lifestyle.
All it takes is a little bit of creativity and some effort on your part.
We want to help you get there by showing you how to save money, live better and travel more often.
It’s not as hard as it seems, we promise!
Check out our tips below and start living a life that you love!
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Disclosure: Some of the links below are affiliate links, meaning at no additional cost to you, I will make a commission if you click through and make a purchase.
Why saving money will help you live a better life
Saving and living frugally can be a tough thing to do at first, but the benefits will come quickly.
You’ll soon realize that you’re not sacrificing everything in life and instead are making smart choices that save money and bring joy to your everyday life.
Living this way also has its perks.
You can spend more time with your friends and family, get to know the world around you better, and start enjoying all the little things in life.
So go on, start saving money now and see what kind of change you can make in your life!
What do we mean by living a frugal life?
Being frugal simply means that you are using your money wisely.
It also means that you’re not wasting all of your hard-earned cash on unnecessary or frivolous items.
Saving money has so many benefits, which is why being frugally minded can have a big impact on your life.
You’ll have more time to do the things you love, like seeing friends or enjoying your favorite hobbies.
Being frugally minded is all about finding good deals and taking advantage of them.
You can even use these deals to go on that dream vacation you’ve always wanted to take!
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20 Best Money Saving Hacks To Save More and Live Better
Saving money, living better, and traveling more can all be done at the same time.
It’s just about making smarter choices about your life and how you spend your cash.
You’ll soon realize that there are plenty of ways to enjoy life without breaking the bank.
Here are 20 simple tips to get started on living a simpler and more frugally-minded lifestyle:
Downsize your living space
How much money do you spend on heating or cooling an extra space in your house?
Could you consolidate and live with less by finding affordable and lower rent options around town?
If you are working remotely, why not move to a different state or country where you could save more on rent and other living expenses.
This will help you save money, live better, and travel all at the same time.
Find cheaper alternatives for everything
Do you really need to head out every night and spend the evening in an expensive restaurant?
Try cooking your own food instead.
Do you always drive everywhere or could you walk or ride a bike?
There are plenty of ways to save money while still enjoying life and living well.
Find new hobbies that bring you joy
If you’re spending too much money on eating out, drinking in bars or buying things you don’t need, this is definitely something you should change.
You can start saving money by finding new hobbies that bring pleasure to your life but won’t break the bank.
For example, you could try cooking, yoga, cycling, hiking, or a new craft.
These hobbies will give you a sense of fulfillment and happiness that won’t cost a lot of money.
Never shop without a list
When you go shopping, make sure that you always have a list to avoid overspending on unnecessary items.
And when you plan your meals for the week, only buy what is necessary.
Having a list will also help you avoid spending money on random stuff while grocery shopping or planning your meals.
Start meal prepping
One of the best ways to save money is by meal prepping.
Not only does this save you money and help you eat healthier, but it’s also a great way to make sure that you don’t spend on expensive takeout or restaurant dinners.
Meal prepping is one of the simplest ways to get started on saving more money.
You’ll also discover that eating out every day is not the healthiest choice for your wallet or body.
Put effort into finding cheaper sources of entertainment
Are there activities where you currently spend too much money?
Do you spend your weekends in expensive bars, eating out at restaurants, or watching movies in the theater?
If you want to save money, you have to start looking for cheaper alternatives.
You can do this by hanging out with your friends at home, playing some board games, or watching movies on Netflix.
You can also try limiting the amount of time you go out and maybe have a budget to do so once or twice a month instead of every weekend.
Don’t buy things impulsively
It can be very easy to buy something without thinking about it.
The next thing you know, you’ve spent hundreds of dollars on items that you don’t even need.
If there’s something in particular that you want to buy, make sure to talk yourself out of impulse purchases.
If you are looking to purchase something, ask yourself if you really need it, or can it be an item you can save for in the future.
Another exercise you can do is to put back the item and run an errand or two before you buy.
This will allow you to see if you still want the item when you come back for it.
Buy in bulk whenever possible
Did you know that buying items in larger quantities can bring the price down on your favorite snacks and household products?
Try buying more items when they are on sale and figure out a way to store them in your house.
You’ll soon discover that buying in bulk can save you money while living better at the same time.
Canceling subscriptions to save money
Do you pay for a gym membership but haven’t been there in months?
Did you end up forgetting about that magazine subscription that was costing you a lot of money every month?
There’s no need to keep paying for something if you’re not getting the full benefits from it.
Figure out which subscriptions are actually necessary and which ones you can cancel.
You’ll soon discover that canceling subscriptions is a great way to save money and live better at the same time.
Here are a few apps that can help make this process easier:
Truebill – is an app that will help you take control of your subscriptions and stop paying for things you no longer need.
Trim – looks at your spending and finds out how you can save. They will even negotiate your current bills to save you more money.
Haitus – this app will help you manage your bills, subscriptions and allow you to save more.
Selling items you no longer use
Are there items in your house that you’ve been keeping for a long time but have never even touched?
Instead of letting these items collect dust, why not sell them and use the money to buy something new that will become part of your life?
You’ll soon discover that selling unused items is a great way to save money and live a more fulfilling life.
Here are a few online marketplaces where you can sell your unwanted items:
Facebook Marketplace – is run by the popular social media app where you can sell your items locally or globally.
eBay – is one of the best online marketplaces where you can sell anything from clothing to antiques.
Etsy – is a great platform to see handmade and vintage items.
Related Post: 21 Best Reseller Apps To Earn Extra Income Online
Thrift for good deals
Thrift stores can be a great way to find items that are not only cheap but also still in good condition.
You will come across different items like clothes, shoes, and household decors that you might need at home.
If you know how to properly thrift for these items then you’ll soon realize that living frugally can help you save money while living better at the same time.
Take public transportation or carpool whenever possible
Taking public transportation and carpooling to work can save you a significant amount of money.
You don’t have to pay for gas, maintenance, or insurance if you choose these options instead.
Learn how to budget your money
Do you know the difference between your fixed monthly bills and your flexible expenses?
If you don’t then now is the time for you to learn how they work.
Familiarizing yourself with budgeting can help you save more money in the long run.
You’ll soon realize that managing your money well is a great way to save money, live better and even travel more.
Here are some great budget planners to help you save and organize your spending:
Budget Planner Financial Planner – this 12 month budget planner will help you track your income, bills and so much more.
Cash Envelopes for Budgeting – this budget binder is great for recording your cash flow and outflow.
Expense Tracker Notebook – this monthly budgeting journal will help you take control of your money and achieve your financial goals.
Related Post: 10 Best Planners With Budget Sections for Remote Workers
Use credit cards with rewards programs
Did you know that the right credit card can help you get hefty discounts, travel rewards, and cashback on all of your monthly expenses?
Why not get rewarded every time you use your credit card instead of letting it pile up in the form of debt?
Check these credit cards that have the best rewards:
Capital Venture Card is one of the best cards for getting travel rewards.
Blue Cash Preferred® Card from American Express is best for your most common expenses like groceries, commuting, and more.
Chase Sapphire Preferred® Card this card is great for a variety of rewards and even allows you to transfer them to popular airlines and hospital loyalty programs.
Start thinking of your future before spending any money
Do you realize that buying expensive shoes or clothes isn’t going to matter if you don’t have a stable future?
Instead of spending on unnecessary things, start thinking about your future and what you can accomplish when you are able to manage your income.
Before you purchase any items, ask yourself what you’re going to do with them.
Is the item something that will bring you joy and do you really need it or is it just a waste of money?
You’ll soon discover that being mindful about your purchases can help you save money, live better and travel more often.
Start travel planning ahead of time
If you want to travel more, start planning out your trips ahead of time.
Booking flights and hotels early on will help you save money since they are available at discounted rates.
So instead of spending at the last minute when you see an awesome place to go, start planning ahead.
You also want to make sure that you’re using travel rewards credit cards to get great deals on flights and hotels.
Check out these travel planners that can help you plan your next trip:
Travel Petite Planner – this planner includes flight details, packing list, and journaling.
Travel Journal For Women – this planner will allow you to plan out your trip thoroughly so you can plan your budget, excursions and so much more.
Travel Checklist Journal – plan your vacation or next holiday with this awesome travel checklist planner. It will be a great companion for your next adventure.
Use coupons and vouchers
Saving money doesn’t have to be difficult when you know how to use coupons and vouchers.
These are some of the best ways to get the best deals from your favorite brands when shopping at the mall or online.
Here are a few apps that allow you to find coupons for your next purchase:
ibotta – is an app that will help you save on groceries
Rakuten – app that’s best for rewards
Honey – is an app that’s great for automatic savings
Look for flight deals
If you want to travel more, looking for the best deals on flights can save you a significant amount of money.
If you don’t mind flying at odd hours or flying budget airlines then you’ll be able to find good deals even at the last minute.
You’ll soon discover that being open-minded about your travel plans can help you save money, live better and travel more.
Check out these sites to find flight and travel deals:
Try house sitting or house swapping
House sitting or house swapping can be a great way to save money while you are traveling.
You can find homeowners who need caretakers for their houses while they go on vacation and in exchange you get to stay there for free.
A few sites where you can find these opportunities are:
Being resourceful about your housing needs can help you save money, live better and travel more.
Related Post: How to Travel for Free by Finding Housesitter Jobs
Find freelance work online
If you want to have more freedom and extra income, try finding freelance work online.
There are a lot of sites where you can find people who need your help completing small tasks like data entry, formatting, and editing.
Doing what you love as a side hustle can help you save money, live better and explore the world.
Plus, you can earn income while you are on the road, which will allow you to travel more often.
Check out these sites to find freelance jobs:
These are just a few tips on how to save money, live better, and travel more often.
Making small changes can help you grow as a person and expand your comfort zone, which will increase your ability to live an offbeat life.
Now that you know how to save money, live better, and travel more you can start living your ideal life.
Practice mindfulness when spending money and be open-minded about your life’s direction.
This way you can start achieving all of your dreams without breaking the bank.
And remember, living a life with less can actually make your life better.
So, what are you waiting for?
Go out there and save money, live better, and travel more!
The possibilities are endless.
We’d also love to hear any money-saving strategies that you use in the comments section below.