When it comes to saving money, a lot of people still think that they need to give up the things they enjoy most.
But saving money is all about being smarter with your spending, looking for alternatives, and realizing that 10€ tomorrow are worth more than 5€ today.
If you are just getting started with saving money or are trying to get back into the habit, it's easier to save a little here and there than to cut down on large expenses.
Check out our 50 tricks to save money to get inspired and start saving today!
1. Have you ever considered moving into a cheaper apartment? A lot of people stop looking for cheaper alternatives once they have settled into their home. But who knows, there might be more affordable options just down the street.
2. Keep an eye on your heating costs. Do you really need to heat the whole apartment when a sweater might do the trick? It's better for the environment, too.
3. Devices in standby mode are power guzzlers! It's best to use power strips with an on/off switch and getting used to turning it off.
4. Pay attention to the energy efficiency when purchasing a refrigerator, washing machine, dishwasher, or other appliances. Paying a little more upfront for a more efficient device can save you some serious money later on!
5. Reduce your electricity costs by replacing conventional lamps with LED lamps.
6. Buy in bulk. Larger quantities are usually cheaper and will last longer, saving you another trip to the store.
7. Ever thought about buying food online? Your local supermarket might not always have the best deals, and you can find a lot more variety online.
8. Write a shopping list to reduce impulse purchases and stick to the necessities.
9. Cook healthy and balanced meals for a few cents per dish. There are a lot of great cookbooks and recipes out there that focus on delicious dishes at low costs.
10. Bring your own food to work. This can really move the needle and might even lead to a healthier diet.
11. Create a weekly meal plan. What do you want to cook this week? And what do you need for that? It may sound like a lot of work, but it saves you time and money. Look for meal prepping communities online for inspiration!
12. Try food-sharing. There are so many new services and programs that save perfectly fine food from being thrown out. It's a great addition to your shopping routine, cuts the costs of food dramatically and tastes just the same.
13. Live well and take care of yourself. It's cheaper than doctor visits, sick days, and medications.
14. Compare electricity and gas providers. Basic providers are among the most expensive providers, and staying with the same provider usually results in higher costs.
15. How long have you been with the same health insurance? Review and compare your insurance rates at least once a year to make sure you're not overpaying.
16. Make calls and surf for free. Many providers give away sim cards, often even with free credit on it.
17. Unsubscribe from newsletters. They only tempt you unnecessarily to buy things you do not need.
18. Cancel your unused subscriptions. We often start subscriptions and then forget about them. But you're still being charged – whether you use them or not. Review your subscriptions periodically and set reminders to stay on top of cancellation deadlines.
19. You can find a variety of free workouts or yoga classes online. Take advantage of the offer instead of paying fees in a gym that stop going to sooner or later.
20. Look for free software alternatives. Open Office works just as well for most people as the Office Suite would.
21. Become a product tester – write reviews and receive products for free.
22. Go when nobody else is going. This applies to the cinema just as much as it does for your next vacation.
23. Experiences are worth more than objects. Spending time with the people you like can be a lot cheaper and more rewarding than buying yourself the latest gadgets.
24. Start budgeting. Creating and sticking to a budget helps you get an overview of your money and curb your spending. Use an app like Zuper to automate your budgets and easily keep track of all of your expenses.
25. Challenge yourself. Identify the categories in which you are overspending and set new limits. Turn saving money into a game for yourself.
26. Be aware of your habits and improve them. This is probably one of the hardest steps. But are you even aware of how you're spending your money? Are you an impulse-buyer or do you reward yourself with shopping sprees?
27. Set a financial goal and talk to others about it. Find a "savings partner" and make yourselves accountable to each other. Keep each other motivated and celebrate your successes together.
28. Create a standing order for your savings account. As soon as you receive your salary, the first thing you should do is to put a fixed amount into a separate account. Out of sight, out of mind really holds true when it comes to money.
29. Pay off your debts before you start saving. No savings account in the world can offset the interest you're paying on any loan.
30. Compare financial products. Not every account is the same, and many banks offer great deals on fees.
31. Make sure to file your tax returns. It's not as complicated as you might think and might receive a sizeable refund.
32. Rent out your apartment/room through Airbnb and get paid while you're away from home.
33. Sell the things you no longer need. Decluttering feels, and a good spring clean may set you up for the next flea market. Looking for more motivation? Check out our post on the Minimalist Lifestyle.
34. Use 2 for 1 voucher books or check out Groupon find some great bargains.
35. There are fuel discount cards – use them! You get a discount at every gas station and often even abroad.
36. Buy used stuff whenever possible. Whether online or offline, there are many ways to buy used things. You can find things that are basically new for a fraction of their original price.
37. Buy b-ware or exhibits of technical products. The products are usually still in good condition and show only minimal signs of usage, but the price is often significantly reduced.
38. Try no-name products. They can be just as good as their name-brand relatives, but with a much lower price tag.
39. Use bonus and discount cards. With the Payback card, you can collect points from over 600 partners and use them later for your purchase.
40. Google for coupon codes. Make sure to look for coupon codes and sales before buying things online. There are even browser plugins that hunt down offers for you.
41. Bring your own shopping bags, instead of buying bags every time. This is one of those things that seem insignificant but can quickly add up. And once again, you can do something good for the environment.
42. Go to the library and read your favorite books at a fraction of the cot.
43. Start repairing instead of replacing. There are tutorials for fixing just about anything online! And it never hurts to learn a new skill.
44. Rent instead of buying. There are many things we buy and then only use once or twice. Especially when it comes to electronics, there are so many new ways to rent what you need.
45. Travel in the off-season.
46. Try to be flexible when it comes to booking your flights. Flying a day earlier or later can drastically cut the costs.
47. Use carpools to save money on gas as a driver or as a cheap alternative to buses and trains as a passenger.
48. Teach your kids how to save and manage their money early on. Financial education is worth a lot and is usually neglected in schools.
49. Make use of family discounts and free outdoor activities.
50. Children's clothing can burn quite the hole into your wallet. As soon as you have bought clothes, the little ones have outgrown them again. There are flea markets and platforms such as Mamikreisel or eBay where you can find many bargains.