Save Money

Back to Basic: Tips to Help You Save More Every Month

One of the ways you can improve your personal financial condition is by saving more. There are expenses that are not absolutely necessary and saving money on them allows you to do more things financially. With the money you save, you can repay your debts faster, save money for future investments, and gain better control over your personal finance.

There are plenty of advanced tips and tricks to help you save money too. Even better, you now have apps that automatically analyse your expenses and suggest ways to save along the way. Even with so many ways to save, you must never abandon the basics. The simplest tips can still help you save more every month, and we are going to review some of them in this article.

Use Coupons

If you are not taking advantage of coupons and discount codes, you are missing out on the best way to save today. Using coupons to save on groceries and other purchases – both online and offline – is a lot easier than it used to be. You no longer have to cut coupons from newspapers; there are apps that deliver coupons straight to your phone.

Coupons are still regarded as one of the most effective promotional tools on the market, which is why more retailers and brands now use coupons to attract new customers and maintain their existing ones. Since you can also have the coupon apps collect coupons automatically, there is no reason why you shouldn’t use them to save money.


Yes, negotiating a better deal before making certain purchases is also a great way to save. Whether it is a small purchase such as the travel insurance you always buy before your regular getaways or bigger ones such as a new car, asking for an extra discount or a better deal could land you, well, a better deal.

The market is at its most competitive right now, which means there are more companies fighting for your business. Something as simple as asking for an extra discount could land you a substantial discount nonetheless. Some insurance companies and financial institutions will add up to 30% in reductions when you ask.

Speaking of reductions….

Take the Time to Compare

Comparing alternatives and deals is also highly recommended in this economy. Thanks to the internet and the many web tools available today, you can compare deals on virtually everything without leaving the comfort of your home.

The next time you need to take out a loan, for example, compare quotes from multiple lenders. Find the most valuable financing option to use based on the cost of using the loan and the term of the loan itself.

Insurance deals are just as easy to compare. Rather than accepting the premium outright, look for quotes from other insurance companies. Here’s another tip: mention that you are comparing deals. You’ll be surprised by the reductions you can get in return.


Sticking with comparing, don’t forget to review your expenses and other elements in your personal financial life on a regular basis. Are the credit cards you use still the best ones to have? Are you paying too much on that old loan you are still trying to clear?

The market is changing rapidly, which means the best options a couple of years ago are not always the best options today. Fortunately, that also means you now have better ways to save on the financial commitments you made in the past.

Credit cards, for example, can be consolidated. The high-interest mortgage loan you took out in the past can be converted into a low-interest one with the deals and special offers available today. Even insurance premiums and many other expenses can be reviewed for the same purpose.

Prioritize Your Expenses

We all go through certain phases in our financial life. What’s important is knowing how to best manage your personal finance in its current phase. If you are still trying to repay your loans, avoid making unnecessary expenses. If you are struggling to keep up with loan repayments, go a step further and make adjustment to your lifestyle.

Focus on the priority expenses; the essentials that you cannot afford to cut. Everything else can wait. Once you start saving money and investing your savings to generate more income, it is much easier to justify expenses made for the sake of convenience; the non-essential expenses we talked about earlier.

The better you are at prioritizing your expenses, the more money you can save. You can easily avoid late charges and extra fees due to unhealthy cash flow. You will also find more ways to reduce unnecessary expenses as you go along.

Combined with the other tips we covered in this article, prioritizing expenses help you regain and maintain control over your personal finance. By covering these basics, you will have the ability to save more as you begin implementing the more advanced moneysaving tips.

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