More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
5 Fun Ways to Save Money!
Updated: January 23, 2021

Money-Saving Habits You can Start Applying Today

There’s a difference between being rich and being wealthy. I can work 80 hours a week, never see my family, eat three meals a day in the office and become very rich, but that would not, in my eyes, constitute a wealthy life. What you’re able to do with your money is far more important than how much you have, and that’s why I’m as much a fan of saving as I am of earning.

When you take the right approach, pinching pennies can be more fun than you’d expect. You may already have your own money-saving tactics, but these five can help you have a good time while keeping your purse strings tight.

1. Capitalize on Rewards Programs

There’s no such thing as free money… or is there? Credit card companies get rich off interest payments and late fees, which enables them to offer excellent perks to people who can control their spending. If you can use multiple credit cards without living beyond your means, it’s possible to save money in all sorts of ways. When flying frequently enough, you should be earning miles and cutting back on your travel expenses. If you’re an Amazon addict and purchase every household item online, get an Amazon card and make those purchases count.

Since this type of saving starts with spending, I have to provide a disclaimer: do not try to rack up points if you’re already buried under a mountain of debt. You lose money to interest charges faster than you make it back with points, so don’t get excited about credit card earnings until you’re living a debt-free life.

2. House Sit Around the World

While I have not enjoyed this personally, I’ve talked to a lot of people who are living very well and doing it rent-free. Naturally, your lifestyle has to support regular uprooting and working remotely. If you have those pieces in place, or you can afford to be without a job for a stretch, you can save a tremendous amount of money that would otherwise be going to your rent/mortgage and utilities. On top of that, you get the awesome experiences that come with traveling.

Housing is the biggest expense for most people. If you’re living paycheck to paycheck and most of your money is going into an overpriced rental, check out Trusted Housesitters and consider joining the house-less movement. Even if you quickly find out it’s not for you, you can still save a month’s worth of rent and gain some cultural experience!

3. Try Your Hand at Farming

I definitely don’t mean this literally, as being a farmer is exceptionally hard work. However, with the rising popularity of urban farming and the accessibility of quality supplies, you can grow a decent amount of food in your own home. While you can’t live off of the tomatoes and cucumbers grown in your backyard, you can supplement your meals pretty well, and it’ll only cost you a few dollars to get started. If you really want to invest in your gardening hobby, you can eventually grow more and save more.

It’s easy to scoff at the idea of growing your own food because produce can be relatively cheap at the grocery store. I challenge you to look over a season’s worth of grocery spending and think about how much you could cut back if you weren’t buying certain vegetables and herbs. The total savings might be more than you’d expect.

4. Get Crafty

If tilling soil and planting seeds isn’t your style, there are other things you can do around the house to reduce your spending. People tend to pay a lot of money for non-necessities when those same items can be obtained for free with a little bit of creativity. Instead of replacing a piece of furniture, think about refurbishing. Take the drawers from an old dresser and turn them into a shelving unit. If you can move past the desire to have a $500 entertainment center, you can probably meet that need with a $50 entertainment center that just needs a little TLC.

You’re not going to add thousands of dollars to your bank account by turning old encyclopedias into end tables (it can be done!). However, when you’re able to work with your hands, save money and create something useful, you’ll probably feel pretty good about the end product.

5. Be Productive in Your Free Time

I’m not saying you should work constantly, because that’s no way to live. Instead, I’m encouraging you to look into productive hobbies – ways you can spend your off days that are fun, free, and fulfilling. I started writing a book, Lessons on Wealth because friends and family put some pressure on me to do so. As reluctant as I was at first, I eventually found the process was rewarding, enjoyable, and it didn’t cost me a dime. If you start writing, reading, painting, or playing the guitar in your downtime, you’ll spend less time and money at movie theaters and coffee shops. The next time you’re looking for something to do on a Saturday afternoon, try going with a free activity instead of some form of paid entertainment.

For these savings tips to actually be fun, you have to really commit to them. It will probably be hard at first, but a little change in lifestyle and a positive attitude can go a long way. If you stick with it, you can save a lot while sacrificing very little.


If you haven’t already, check out our FREE 5 Money Personalities Assessment on our website, TheMoneyCouple.com – you’ll learn your Primary and Secondary Money Personalities, figure out WHY you are the way that you are when it comes to money, and help your marriage along the way. Sounds like a no-brainer, right? So what are you waiting for?


Taylor & Megan Kovar

The Money Couple


Pick up a copy of our new book, The 5 Money Personalities: Speaking The Same Love & Money Language on our website! 


Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This
Skip to content