10 ways to save money each month and cut off debt

Need an extra $1000 this month? Or maybe you are just trying to save some money for the holidays or a big expense coming up. Regardless, the fact is that you need an extra $1000 and you need it now. We came up with 10 ways to save money each month and get rid off debt by using simple hacks. And if you are looking for ways to add an extra $1000 to your income, take a look at these side hustles guaranteed to help you with that.  

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If you really want to save an extra $1000 dollars, these actionable tips will really help you out. Try them out today. 

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Ways to save money each month and live frugally. Frugal living tips for adults

Create a budget first as a way to save some extra money each moth

Before going into your saving journey, you need to create  a budget that will work well for you. If you are single, you are only worrying about your one expense. If you have multiple people that are depend on you, you need to create a budget that works for everyone. Creating a budget will give you the overall picture of how much you can afford, where most of your money is going and if there is anything missing. 

A budgets is one of the best ways to save money as you see the bigger picture which is income vs expenses. 

Want a budget template, the Busy Buggeter has a few templates you can use! And if you are a business owner (small or big, you should consider using this app!)

The best ways to save money is to track it

Track your expenses. This way you know where you are spending that extra dollar or two that tend to add up by the end of each month. It’s so easy to spend money here and there, and once the end of the month comes around, you are left wondering where all the cash went. Having a detailed system will help you figure this out. Once the first 2 or 3 months go by, you will know what is necessary and what is not when it comes to spending. This will help you make better judgement moving forward on how to spend your hard earned cash. 

Budget tracker, plan the perfect budget. Use a budget to save more money each month

Live on cash and Use Jars

Honestly using jars is the best thing ever. I learned this method from the money mogul Gail Vaz Oxlade. The way this works is that you cut up all your credit cards and the only thing you have is cash/debit. Once you complete the budget above, get the money that you actually need to live on and put them into jars. So I have a rent/mortgage jar, a food jar, a transportation jar, clothing/entertainment jar etc. I label each jar with the different category budget. 

This system forces me to manage my money better and more efficiently. And if I run out, I am out. It’s one of the best ways to save money each month because you are in control.

money saving jar

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Pay off the big priced items first 

Some might tell you to do the opposite, but I find paying off big items or items with much higher interest rates will save you thousands in the long run. If you have an interest rate of 21% on a big ticketed item, and you are only paying the minimum, it will take you years. Pay the minimum on the small items, and put the rest of the money on paying the big items. 

Set a goal time frame to paying this item. E.g in 6 months I will be done paying for that $3000 dining set. And chunk out $500 a month on it. Once that is done, get on the next big item and so on. You are saving money on Interest in the long run. 

Negotiate, get a deal and save big

Pick up the phone and call your bank, see if you can get your monthly bank fees waived. Even for a year. $10 per month may seem little. But if you can put a $120 on an item you owe, then you feel better. Take a look at your internet and phone bills and see how you can get them reduced. In fact, Shrinkabill can negotiate some of your monthly bills and get you a great deal. 

Give them a try and if they don’t save you the money, you get a $25.00 gift card. It’s FREE to use, see if they can help you shrink your monthly bill. They save so many people thousands each month. 

Have clear and solid saving plan

Want to up the different ways to save money? Set a solid goal. They are several goals you can set. For example, you can save for a 1 week trip with your family that may cost you $2500 after budgeting and researching. Get your jars ready and start putting aside $210 per week and in 12 weeks you should be ready to go. Or maybe you want to pay of your car in 10 months. The sky is the limit. Just put your saving plan on paper. Earn extra income to add to your savings by renting out space in your home

Reduce your monthly bills

In order to save, you need to spend less. What better way than to cut off some of your unnecessary bills. Have cable? Cut it off or reduce your monthly bill. Ain’t nothing wrong with Netflix and wine! Do you currently work from home? Get a cheaper phone plan. I do not have internet on my phone because I use my house WiFi. Because of this, my monthly bill is almost 75% off.  Want more ways to reduce your monthly bills? Try this

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Use a shopping app to shop and Save

If you are still looking for different ways to save money, consider using a shopping app. My favorites apps include eBates, Swagbucks, JoinPiggy and UniqueRewardsThe good thing about these apps is that you get money back every time you shop online. And you also get a $5.00 bonus for signing up. They are free to use and will save you money in the long run. Consider signing up for them if you are serious about saving a few dollars here and there. Did we mention coupons and discount savings you may get?

Do FREE because FREE rocks

Here is one of the best ways to save money each month, do free things. This summer, I had the opportunity to do a lot of free activities instead of spending my day and evenings in fancy restaurants like I typically do. I went to the park, the beach, I attended a few free events that are offered by the city and guess what? I spent zero dollars (except for $2.00 parking on some events). I mean you can ride your bike if you have one, but with a new born baby, a bike wasn’t the route for me yet.

I still managed to reduce my once $650 monthly restaurant bills into almost zero. Yes, when I took a hard look at where I was missing money, most of it was spent eating out. $100 here, $50.00 there 6, 7 times a month really adds up. 

Take lunch to your 9-5 gig

Here is another place I was spending money each month. Coffee in the morning ($4.00 a day x 30 =$120 a month) and lunch about $15.00. I do not work any more since last year, but I was spending so much money eating out on top of my restaurant outings. This was just too much money. No wonder I was out money each month. So pack your own lunch people (Soup or salad works well and its fast to make the night before).

Since re visiting my budget, I was able to trim almost $1000 in savings that is now going to better use. A majority of this was saved from cutting out eating out habits, cable and reducing phone bills. Your situation might be different but really look at your budget. 

What are your thoughts? Tell us in the comments below. 

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Frugal living ideas. How save money each month


  1. These are really helpful, actionable tips. I think once you get to the point where you are determined to find out exactly where your money goes each month (instead of the recurring cycle of wondering where your paycheck has gone at the end of the month) and then take steps to curtail your spending, you’ll be well on your way!

  2. I’m guilty of the same so I can’t judge him. I work two job’s and I justify that coffee. When, in reality I have green tea in the cubbard. I’m not being rationale but the coffee taste o so good.

  3. I’m on a mission to save/earn an extra £500 this month, after a very expensive September! These are useful tips, thank you 🙂 Especially need to remember to pack a lunch for work!

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