10 strategies to save more money

Wanting to save more is always a noble goal. But getting started is usually the most difficult part. Here are 10 ways to add more to your bottom line.

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VIDEO ON MSN MONEY

35Comments
Mar 8, 2012 12:50PM
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IT is truly amazing the amount of money you can save by making the effort to break the "eating out" habit.

My wife and I used to eat out quite regularly, nothing fancy just pizza, diners etc. Our New Year's resolution was to cut back on this. We've been doing this now for a couple of months and I really cannot believe the amount of money we've saved.

The big problem when you eat out a lot is it does turn into a habit, you get lazy because it's easier to just go out  to eat..

Also many restaurants now have coupons for buy one get one free or a 20% discount when you spend $20.00 or more. Many offer a 20% discount to AARP card holders.

So even when you do decide to eat out there are savings available. All it takes is a small amount of planning ahead of time.

Mar 8, 2012 6:20PM
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one more tip: go grocery shopping without the kids.
Mar 10, 2012 10:34PM
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I disagree on paying cash instead of Credit.  If I pay with a credit card I get reward cash back.  I pay off my credit card every month and never carry a balance.  How can that be a bad thing?
Mar 10, 2012 11:00PM
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Wish I made enough money to boost my 401k lucky to put food on the table and gas in the gas tank. Let's get real with most americans making less and expenses increasing who can afford to save.
Mar 10, 2012 9:55PM
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I see where one way to save is to cut up credit cards.  Then they say you can save money by paying for gas with cash.  That's not how it works for me - when I charge my gas, which is always, I get 5% back for the total amount charged.  So I'm saving a nickel on a dollar, or right now, 20 cents on a gallon.  I won't save that by using cash, that's for sure.  My credit cards have never gotten me to spend more - that's a silly notion - anyone should know that any amount charged is supposed to be paid back.  Credit cards are great as long as they're paid in full each and every month - all it requires is discipline, which everyone should have.
Mar 10, 2012 10:41PM
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I bought some of the GE energy smart 90-26 watt replacement flood lights for my garage . They are absolute garbage , I had one 75 watt bulb before and it was brighter than two of those supposed 90 watters ! 
Mar 11, 2012 1:11AM
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The new lightbulbs are a scam.  I have two regular old style light bulbs in my bathroom light fixture  that have been there for years.  I have changed out two new style light bulbs in the same light fixture twice in that same amount of time.  Same with my other bathroom.  They DO NOT last longer.
Mar 10, 2012 9:22PM
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I think that people go out to eat too much when they should be cooking at home. My husband and I both worked full time jobs and had 2 children at home. We would make up a menu for the week and post it on the fridge. Did our grocery shopping accordingly. We would take turns cooking and never had to think of what we were going to fix when we got home from work. Sometimes I would cook several meals on the weekend and they would be ready to go for the first few days of the week. We are now retired and still very rarely eat out and we take turns cooking dinner every night. We also took our lunches to work, that also saves lots of money. 
Mar 10, 2012 9:57PM
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I have never had a cfl bulb last 10x longer than a regular bulb!
Mar 10, 2012 7:33PM
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Make fewer trips to the store.  Each time I go, I come home with over twice as many items as I went there for.  Impulse buying is my downfall. 
Mar 28, 2012 2:11PM
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Save ALL your coins in a big jar for an entire year. It turns into real money.
Mar 11, 2012 2:31AM
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Nothing new in this article.  I do nearly all of these things already.  However, I do use my credit card, both for the convenience and for the points.  5% back on gas adds up, especially when we spend $250 a month on gas.  That is a savings of over $12 per month.  Obviously that only works if you are disciplined enough to pay off the card each month.

Be careful, though.  At Sunoco, I saw an ad for a credit card that gives a $0.5 discount per gallon.  That's a savings of only about 1.35% (or less than $4 savings on $250 of gas).  Don't let an offer like that fool you into thinking you are saving much. 

Mar 10, 2012 5:24PM
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cut your cable bill ....switch to internetcompany for cheaper prices !get Cd/DVD at the libary FREE!
Mar 10, 2012 7:04PM
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If I had cash I would pay cash. If I had a job I would not claim more than 1. If I could afford coffee or tea everyday I would cut back. Raise my deductible? Who can afford to drive? As far as those new light bulbs they seem to blow out in my fixtures.
Mar 10, 2012 9:39PM
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Buying in bulk is not bad. you just have to know the market.  i buy in bulk mostly to save money.  just bought frontline for pets at Sam's for WAAAAYYYY less than retail or my vet.  On three applications, I saved just under $30 for same purchase anywhere else.  In a year, it will well pay for my annual club membership plus some -- just on one product.  Milk is another bulk product -- we drink A LOT -- nobody can come near the prices I get at Sam's. And, I buy paper products bulk.  Sometimes it is cheaper and sometimes it is close to even on price.  But, it's something I am not constantly having to add to the groc list and therefore one less aisle I have to be influenced by on my regular weekly runs.
Mar 21, 2012 7:19PM
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You don't actually save more money by using a 401(k).  You are deferrring the taxes to a later date.  I agree with taking advantage of the matching contribution but anything above that is a waste.  There are better places to invest than handing your money to Wall Street and hoping it will be there in 20 or 30 years. 
Mar 10, 2012 11:40PM
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I live in Michigan.  In the fall and  winter time I use the incandescent light bulbs because that small bit of heat helps keep the rooms just that little bit warmer.  In the spring, I switch to flurescent bulbs as they generate less heat.  I've done this for 5 years now.  Flurescent bulbs burn out more in the winter, I've found than incandescent.  I've used the same bulbs for 5 years now and rarely have to change them.  I have one full-spectrum bulb for artwork and projects.  And that has lasted a good 7 years. Due to the problems with the new lightbulbs and headaches, I've had to get tinted glasses when I use them, so there is no savings with them in the long run.  They are expensive, contain mercury so they're not that great for the landfills, and the light is not constant.  The company just had one hell of an advertising gimic with a big rock concert for the environment and people bought it with incomplete data in. 
Mar 21, 2012 7:59PM
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The breakdown of how I spend:

 

No cable (Tv Antenna 0$ after antenna and converter) Internet only ($60) (netflix,hackle,xbox.hulu..some have fees)

 

House $523mth (bought foreclosure, this includes escrow)

 

Car/House insurance: take a defensive driving course ($75 bucks in Ga, and minimum 10% savings by Ga law) and up the deductible.

 

Car: $0 paid for (took a while paid of 2 years early)

 

Grocery bill $100 or less per month (plan and eat before you shop)

 

cell  phone $62 (will switch to StraightTalk when my contracts up $45)

 

Gas $70 month (I only live 6 miles away)

 

Power bill $85 a month (yes heat and air are both used seasonally GaPower is raising rates 1.5% this year and next)

 

propane: 200 gallons a year ($2.39 a gal last year)

 

If you live closer to the south think of switching to a heat pump...it works marvelous!

 

This is just a few of the things I've done with my money. Everyone's situation is different. In order to build wealth you not only earn it but you have to learn how to invest and save at the same time.

 

 

Mar 10, 2012 5:56PM
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The stupid new lightbulbs don't fit in half of my lamps.  It is a conspiracy hatched up by the lamp companies, I tell you!!
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