37. Tips to Save Money - Part 5

Here’s some personal experience on great ways to save an extra buck. I'd love to hear your tips! I have a list of about 60+ tips to save money. This is part 5 tips 17-20. I hope you enjoy!


17) Pay Off Debt

17a) Save money by not paying interest on products and by becoming debt free. Make a list of all your debts. Pay off your smallest debt first. Pay the minimum payments on the rest. Then apply that payment to the next lowest. Keep doing this until all your debt is paid! This is called a debt snowball strategy. Or you could use the avalanche method and pay off the debt with the highest interest first.

17b) Be intentional - I know of a friend of ours who paid off $15,000 in just a few months. He and his wife spent about five or six months working their tails off. They sold some things. He got extra jobs and they pinched the pennies. The result is they were debt free! Dave Ramsey  often says "You have to live like no one else (now), so that you can live like no one else (in the future)." It’s all about changing your mindset.

17c) Spend less than you earn! If you have two incomes try to live off of one. If you make $3000 a month don’t spend $4000. The three biggest stresses in marriage are money, sex, and in-laws. Having an emergency fund setup and paying off your debt will eliminate stress. Save money, give, invest, and have money left over for fun stuff.

18) Amazon Mom (also for Dads)

18a) For people with newborns or infants We found that saving 20% extra (about $5 to $10 per box) on diapers saves a ton of money. You can sign up for a year and get free shipping as long as you purchase $25 worth of product every month. That’s like one purchase of 200 diapers a month so easy to use and save! 

19) Free Babysitting

19a) If you have family that lives around you they often will jump at the suggestion of the opportunity to take the kids for an evening or weekend. Grandparents, aunts, uncles, brothers, & sisters are a good place to start. If you don’t have relatives in the area consider exchanging babysitting services with friends. One weekend keep your friend or neighbors kids so they can go out on a date. The following weekend let the friend or neighbor return the favor!

20) Don’t Own A Car

20a) If you live in cities like NYC, Boston, Washington D.C., etc. public transportation is often cheaper than gas/insurance/maintenance plus you don’t have to battle every time you need to find a parking space. Consider too riding a bicycle or walking to work if you live close enough. 

Which tip did you like best? What tips have worked for you and your family? See the full list of tips to save money for the other tips and parts! Leave a comment! 

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