17 Ways To Save A Small Fortune In 2020 That You May Not Have Thought Of
We all have good intentions when it comes to saving money, right? We tell ourselves we’ll start saving once we reach a certain milestone, but in reality, you’ll only start saving money when you develop healthy money habits and your future needs become more important than your current wants.
A lot of times, our goal to save money isn’t a big enough priority to delay the purchase of that new smartphone, TV or car. So we spend our dollars away—or worse—go into debt to fuel our latest bout of “want-itis.” That debt then turns into monthly payments that control our paychecks—and our lives.
Sounds overwhelming right? It doesn’t have to be. With a few tweaks to your spending priorities, you’ll be on the fast track to saving money in no time.
Check out our top 17 money saving tips:
#1 Stop collecting, and start selling
There was a time when people thought their collections would bring them riches. Beanie Babies were a big fad at one time, as were Longaberger baskets. Now you can find those items on resale sites like Craigslist and at garage sales for a fraction of their initial cost, leaving many people who sunk thousands of dollars into their “investments” wondering what happened.
If you want to avoid that situation, don’t collect items of questionable value. And if you want to recoup some of the money you’ve already spent on collectible items, you can start selling them now and use those funds for any number of worthy financial goals.
#2 Special “Window Replacement Service” Helps Homeowners Get New Energy-Efficient Windows
Anyone that has gone through the experience of getting new, energy-efficient windows knows what a difference it can make. New windows keep the home cool in the summer, toasty in the winter, and let’s face it – they make the house look great and can increase the home value too! But these benefits don’t come without a big cost – or least that’s how things used to be, but not any more!
Thanks to this brilliant windows comparison website homeowners should never have to pay full price for windows again.
The site allows homeowners to get the best price on new windows by getting the top licensed and insured vendors in your area to compete for your business. As a result, homeowners can often secure new windows and installation “below-cost” and at prices not available to the general public.
Get the best price on new windows
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#3 Write a list before you go shopping – and stick to it
One of the easiest ways to save money is to only shop when you have a list. Because when you’re without one, you typically end up making impulse buys and unplanned purchases – all things that cost money.
Creating a list before you go to the grocery store is especially important. Not only can it help you buy items that fit with your meal plan, but it can also help you avoid buying food you might waste. Always create a list and, more importantly, stick to it.
You can also take advantage of a cash back rewards card that gives bonus cash at grocery stores – just be sure to pay off the balance each month.
#4 Invite friends over instead of going out
Going out to eat or “out on the town” has a way of completely destroying both your food budget and your entertainment budget in one fell swoop. And no matter what, it is always cheaper to stay in with friends and come up with your own entertainment.
Instead of hitting the town, host a fun pitch-in dinner with your friends. Play cards, sit around a fire pit, or watch movies with your guests. You’ll all save money – and have a blast.
#5 New ‘Relief Program’ Helps US Citizens With More Than $20,000 Credit Card Debt!
Here’s what credit card companies don’t want you to know…and what thousands of consumers are quickly learning about paying off their debt:
If you owe more than $20,000 in unsecured debt, this proven debt relief program may reduce the amount you owe. Consumers could resolve their debts with absolutely no loan required and pay it off at a rapid pace. If you’ve struggled to pay your debt, act now before your debt balloons further.
Pay off your debt at a rapid pace
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#6 For heaven’s sake, quit smoking.
If you’re still a smoker, you have to know by now that your habit is not only expensive, but potentially deadly as well. If you want to add years to your life and save a boatload of money, the easiest thing to do is to stop smoking altogether. You can quit cold turkey, try some of the many anti-smoking products that are out there, or switch to an electronic cigarette to buy some time. Whichever path you choose, you will be much better off.
#7 Get Solar Panels & Save Money Every Month
Warning: Do not pay your next energy bill until you read this…
This is the 1 simple truth your power company doesn’t want you to know. There is a new policy in 2020 that qualifies homeowners who live in specific zip codes to be eligible for $1,000’s of Government funding to install solar panels. Has your power company told you that? Of course not. They hope homeowners don’t learn about this brilliant way to reduce your energy bill tremendously!
When homeowners check whether they qualify many are shocked that subsidies and rebates can cover a lot of the costs associated with installation so it greatly reduces the amount you’ll have to pay. Many may qualify for $0 down! Soon, you could be on your way to significantly reducing your electric bill in a matter of weeks.
Smart homeowners are setting out to do their own research and determine whether this new program lives up to its reputations. Over and over again, many are reporting back on their findings, with the most exciting part being that they are now able to save $1,000s a year on their own energy bill.
Save thousands a year on your energy bill
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#8 Install CFLs or LEDs wherever it makes sense.
Energy-efficient light bulbs might cost a bit more initially, but they have a much longer life than normal incandescent bulbs and use far less electricity. It might be hard to decide which type to use, but either type of bulb will probably be an upgrade from whatever you’re using now.
CFLs, which use a quarter of the energy of incandescent bulbs and last for years, are the next cheapest option after traditional bulbs. But they also have some drawbacks: They take a while to warm up to full brightness, and they also contain a small amount of mercury.
Meanwhile, LEDs are more expensive. However, they’re getting cheaper all the time, and they are easily the best lighting option available: They light up instantly, are efficient as CFLs, produce a warm glow without getting hot to the touch, and can last for decades.
You don’t even need to replace every bulb in the house at once. Even swapping just your four or five most-used light bulbs can save you $45 or more a year.
#9 Get A Home Warranty Plan & Never Pay For Covered Home Repairs Again
Still unknown to many is a brilliant Home Warranty Program called the Total Home Warranty that could benefit millions of households and help them never pay for covered appliance failures, furnace breakdowns, electrical issues and so much more! You likely have homeowners insurance, right? A Home Warranty Plan is similar to a homeowners insurance plan, but it actually covers many things that an insurance plan won’t like a broken refrigerator, a broken furnace or an electrical malfunction on a ceiling fan.
Often times, new homeowners are offered a 1 or 2-year home warranty plan when they purchase a home. This is generally a huge plus for the home buyer because it takes away the stress of having to pay for likely issues that might come up during the first year or two of owning the home. Issues such as a broken refrigerator or dishwasher aren’t fun to deal with. Or how about a broken furnace or air conditioner? These would likely cost $1,000s of dollars to fix!
Luckily, homeowners now have the option to get a home warranty plan anytime after they bought their home. Even if you’ve lived there for 20 years, you can still get your own home warranty plan that will cover the cost of many unforeseen home repairs!
Never pay for home repairs again
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#10 Make your own gifts instead of buying stuff from the store.
If you want to save money while also giving generously, creating your own homemade gifts is one way to accomplish both goals. You can make food mixes, candles, fresh-baked bread or cookies, soap, and all kinds of other things at home quite easily and inexpensively.
These make spectacular gifts for others because they involve your personal touch — something you can’t buy from a store — and quite often they’re consumable, meaning they don’t wind up filling someone’s closet with junk. Even better – include a personal handwritten note with the gift.
#11 Protect your family – tax-free! $1,000,000 in life insurance to protect your dearest!
Unfortunately with every year you get older your insurance premium cost rises 8-10%. For U.S. citizens, ever increasing life insurance policy costs can add up significantly. What’s worse is the fact that many people have a hard time qualifying for new policies altogether once they reach a certain age.
Fortunately though, there is a way to get a cheaper life insurance policy by comparing quotes from multiple insurance companies. This website will let you find your cheapest insurance quote totally free! They will review your information automatically to find the best life insurance policies available for a much much lower price. You may end up saving up to 70% on your life insurance policy.
Protect your family and save up to 70%
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#12 Buy used when you can.
You can often find the exact item you want with a bit of clever shopping at used equipment stores, used game stores, consignment shops, and so on. Just make these shops a part of your normal routine – go there first when looking for potential items and you will save money.
Clothes, for example, often cost pennies on the dollar when bought used – even if they were only worn once. By buying used most of the time, you can save a ton of cash.
#13 Get A Lower Car Insurance Rate And Save Up To $546 Per Year
You might think you’re already paying a low auto insurance rate, but recent research shows that only 5% of Americans over the age of 40 are paying less than $50 per month for car insurance. If you’re currently paying more than $50 per month, and have had no accidents or tickets in the past two years, you can probably secure a insurance rate as low as $19/month. The best way to do that is to compare quotes from multiple insurers – let them compete for your business.
Depending on your age and other factors, you could get a huge discount on car insurance. With Solid Quotes Auto Insurance, you fill out a simple form and they’ll provide you with multiple quotes you can choose from. At the very least, you can use the offers and information they give you as leverage when negotiating with your current care insurance company.
Save up to $546 every year on auto insurance
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#14 Buy in Bulk
This one’s pretty easy, if you have any items that you use frequently, then look into seeing if you can purchase them in bulk and get a discount from a local supplier.
Oftentimes you’ll find that you’ll get a much better per-unit price, and you’ll rarely have to worry about running out of that item again, making this a fairly easy way to potentially save money on essentials every month.
#15 Pack a Lunch
You’ve probably heard this over and over again, but the reason why this tip to save money is so popular, is because it really works.
Taking a little time to pack a lunch before you head off to work, or just choosing to not eat out, is a great way to save money. You can even take it a step further and plan out your meals at the start of every week so that you know exactly what it is you need to buy while grocery shopping.
You can easily save yourself thousands of dollars annually by following this one tip to save money.
#16 Relief Program Offers Up To $3,252 per year ($271 per month) Mortgage Reduction
When homeowners visit the HARP Replacement Website, they may be surprised to find out they qualify for a plan that offers them shockingly low interest rates and reduced mortgage payments.
Still unknown to many, this brilliant program could benefit millions of Americans and reduce their monthly payments by as much as $3,252 each year.
Homeowners have even used HARP Replacement to eliminate up to 15 years of mortgage payments! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.
So, while the banks happily wait for this program to end, the government is doing absolutely nothing to extend the program and cut mortgage payments. The program is set to expire in 2020, but the good news though is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now.
Average savings per year: $3,252
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#17 Eliminate “mindless” spending by putting up visual reminders of what you’re saving for
When O’Connell was budgeting for a vacation, she printed out a photo of the destination, and wrapped it around the cash in her wallet: “Every time I made a purchase, I had to consider the trade-off. Do I want to save for Europe or buy tacos right now?”