Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


20 Practical Ways to Save Money

Now that we’ve hit the big picture items, let’s look at some smaller, more practical ways to save money regularly.

  • Use an automated tool or app to automatically put small amounts in your savings account.


  • Prep for grocery shopping so that you don’t overspend.


  • Order smaller servings at restaurants


  • Get discounts on entertainment.

  • Map out major purchases so that they fit into your budget rather than buying on impulse.


  • Restrict online shopping so that you’re not making impulse buys while surfing the internet.


  • Bundle cable and internet services to get a lower rate.


  • Switch your cell phone plan to a cheaper option.


  • Monitor your electric bill and take actions to reduce electricity usage (turn A/C off when leaving the house, turn off lights, etc.).


  • Lower your car payment by refinancing.


  • Lower your student loan payments by refinancing.

  • Cut your mortgage payment by refinancing.


  • Use a lower interest loan; such as a home equity loan or line of credit, to pay off high interest credit card debt.

Oftentimes, changing just one habit can you save you lots in the long run


  • Give up coffee or reduce alcohol consumption. It not only saves you money, but there are definite health benefits.


  • Cancel your gym membership and work out at home.


  • Take your lunch to work instead of eating out.

  • Borrow books, magazines, and videos from the library.


  • Lock up your credit card and checkbook and only pay in cash.


  • Review your bank statements and compare them to your budget.


  • Set limits for birthday and Christmas presents.

  • Share gardening tools and equipment with your family and neighbors.


  • Shop around for insurance especially car insurance.


All of these tips and strategies are great for creating immediate, short-term gains. But, it is also important to have a long-term plan, as well as a budget to help you implement your saving plans.