10 Quickest Money Saving Tips in 2020

Now is the best time to act. The unemployment rate is high, jobs are being lost, and money is tight for a lot of families. There are many quick ways to start saving money in 2020. Even making one of these changes could make a difference. Be sure to bookmark the two websites mentioned below to save hundreds when shopping online.

Cut The Cord

Stop paying the high cost of cable tv. The average household pays over $100 per month for cable. This figure is expected to increase over the next year or so, some are even saying it might double. When calling to cancel your cable be prepared for push back. They might try to entice you with a better deal or promotion. Don’t fall for this short-term saver. You don’t want to end up paying more down the road. This is the best place to start. Once you make this move, you will have the confidence to make other changes.

Use these to stream:
Get and use Apple TV 
Get and use Roku

Instead of cable, switch over to one of these streaming services.
  • Netflix: $7.99-$13.99
  • Amazon Prime Video: $8.99 (first 30 days free)
  • Hulu: $7.99-$39.99
  • YouTube TV: $40+
  • Sling TV: $20-$40
  • HBO Now: $14.99
  • PBSKids.org: Free Oline 
For the ultimate savings. Don’t use any form of cable or streaming. This obviously will save the most each month, but might be the most difficult.
Can't afford internet? Find a local hotspot, most local shops and/or schools offer free WiFi in their parking lots. 

Meal Planning

Did you know, according to a comparison done by Wellio, that on average you can save around $16 per meal by cooking at home instead of eating out. If you frequent restaurants making this change could save you $832 a year if you switch one restaurant visit to a home cooked meal every week. I bet you have also experienced food waste at home. How many times do you throw away unused food in your refrigerator or pantry? The average person wastes around 40% of food they buy. A solid meal plan can help you avoid this problem. Many people have stated that meal planning has changed their lives. Not only will you save money, you will eat healthier, which of course is great for your health. Healthier eating can also cut down on doctor visits in the long run.

Click here for FREE meal planning 101

Cut Your Cell Phone Bill

As you may be aware cell phone plans can be costly, especially if you have a larger family. It’s also true that once you find a provider you like, it can be hard to switch. 
If you are open to switching cell phone carriers try Mint Mobile, which will only cost you $15/month and is backed by Ryan Reynolds.

Create and Follow a Budget

Having a budget helps you see exactly what’s coming in and what’s going out. It’s a way to manage your money the right way. You can easily break down your finances by category and see how much you’re spending on certain aspects of your life and where you can save. There are also many people who swear by the envelope method, where you have an envelope dedicated to each category for the month. For example, you may have a food envelope that contains $200 per month. You can only use that money for food. Didn't use it all? Put the leftover in savings. Need more? Pull from your entertainment envelope.

Click here of FREE Budget templates
Click here for more on The Envelope Method 

Switch to a programmable thermostat

Making this easy switch can help you save anywhere between 10-30% on the heating and cooling portion or your energy bill. Over time using a programmable thermostat will not only help you save money but is also good for the environment. There are many affordable options available now. You can manage the temperature within your home to work for your needs. Don’t waste money and energy while you are away at work, school, or vacation simply schedule the thermostat to go up or down based on what’s comfortable to you. You can also plan adjustments while you’re sleeping.

Check out these cost effect Emerson Sensi Touch Wi-Fi Smart Thermostat 

Check out the Nest Learning Thermostat

Go Meatless

Cutting back on meat eating can also save you money. It is said that you could cut your grocery bill down by 1/6 by ditching meat. That’s about $100 off a $600 grocery bill. There are also health benefits that come along with cutting down on meat. Don't switch out meat for meatless substitutes, which can be expensive.

Call Your Insurance Agent
Call your insurance agent and see if there are any discounts you are not already getting. Ask about lowering your bills, could your deductible be adjusted? If they absolutely cannot lower your bill then shop around. Jot down a list of insurance carriers near you, call them and get quotes. Pick which one works for your budget.
Use Your Library
Your local library has more than just books. There are multiple ways to save money by using your library. First, you can check out movies and video games. Most libraries offer free courses, you could pick up a new skill. Our library has a museum pass. You can get up to four free passes to local museums. That is a huge money saver. 
Cut The Non-Essentials
Cut out: cigarettes, smoking pot, Starbuck’s runs, non-essential shopping items, candy, gum, excessive toy shopping, and gambling.

Save When Shopping Online
There is no reason to be paying full price when shopping, especially online. There are two websites you should bookmark right now!
  1. Rakuten: I use Rakuten eveytime I shop online. Before making an online purchase. Sign in to your Rakuten account, search your store, and click the shop link. You will earn a percent back on your shopping trip. Get $10 just for joining a shopping! 
  2. RetailMeNot: I also use this website before I make any purchase on-line or in store. You will find all current coupon codes for all your favorite stores and restaurants. Thinking about ordering pizza? Check out Retailmenot for a coupon code first. 
Stop struggling and make some changes. Even a small change in your daily habit can make a difference. Have a tip? Drop a comment below or join me on Facebook.