5 BEST WAYS TO SAVE MONEY THAT ALL MOMS SHOULD KNOW ABOUT

Last Updated on June 28, 2024 by Yadira Bacelic

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Want to know the most creative ways to save money every month? Use these 5 best ways to save money that all moms should know about.

Coming up with different ways to save money can be stressful and overwhelming. When I focused on saving money, I discovered these are the 5 best ways that helped me reach my savings goals.

You are going to learn all the best ways to save money, from adjusting your food budget to using money-saving apps and more.

As soon as you learn all the best ways of saving money, you are going to see your savings grow a lot faster.

This post is all about the best ways to save money in every area of your life. 

Best Ways to Save Money

As a mom, you’re always caring for your family and ensuring everything runs smoothly. In today’s economic climate, characterized by rising inflation and unpredictable market conditions, saving money for yourself and your loved ones is more critical than ever, especially for those unexpected situations. Fortunately, making small changes can have a significant impact on your savings. Let’s explore some of the best ways to save money.

1. Save on your groceries

Moms, food can take up a big chunk of the budget, right? Between breakfast, lunch, dinner, and snacks, expenses can add up quickly. However, one of the best ways to save money on groceries is by following my recommended tips. It requires a bit of planning, but trust me, it’s worth it. Let’s explore the best ways to save money on your grocery bill.

• Use coupons effectively to save money
  • Start by finding paper coupons in your local Sunday newspaper. Additionally, explore digital coupons on websites like coupons.com for more savings opportunities.
• Save Money While Shopping Weekly
  • Start by listing the items you regularly use and your local supermarket’s sales flyer.
  • Use the Ibotta app to find additional savings and put extra money back in your pocket.
  • Another great tool is Fetch Rewards, where you can snap your receipts to earn points and cash out through gift cards.
• Plan your meals
  • Involve your kids by asking what their favorite meals are and schedule them throughout the month. This can help you save money on food and reduce stress.
  • Including your family in meal planning ensures meals they enjoy and enables you to stick to your budget.
• Use Cash Envelopes
  • Using a cash envelope system is one of the best ways to save money because it helps you stay within your budget by limiting your spending to the cash you have on hand.
  • It also encourages mindful spending, as you physically see the money leaving your envelope. Additionally, this method reduces the temptation to use credit cards, which can lead to overspending.

2. Items you already have

When you’re trying to save money, it’s important to watch how you spend. It’s nice to enjoy your hard-earned cash, but you don’t want to go overboard. One smart way to save is by checking out what you already own. Let’s talk about your closet. Do you really need another coat when you already have 10? And we know those shoes are a mom’s best friend, but do you need another pair?

Determining the difference between what you want and what you need is crucial. Before buying that extra handbag or pair of boots, ask yourself if you really need them. If you want to save money, it helps to hit the brakes, so consider if necessary. The money you save can go into a vacation, emergency, or even a fund for unexpected car repairs. Stashing it in a savings account like Chime can also keep it safe and help you resist spending on things you don’t really need.

4. Gym membership

Looking for a clever way to save money? Let’s chat about that gym membership. How often do you actually go to the gym? Being a mom is like a full-time gig, especially with all those after-school activities for the kids. Finding time for the gym can be tough. Sure, taking care of yourself is super important, but why keep paying for it if you’re not hitting the gym regularly? There are other options online, like checking out workout videos on YouTube.

They’ve got loads of free videos for every kind of exercise. Remember, the goal is to save money, so let’s get creative. If exercise videos aren’t your thing, here are some workout ideas you can try instead:

• Walking
  • Take a short walk around where you live or the local park.
• Jogging/Running
  • If you’re new, start off slow and mix in some walking and jogging. If you’re used to it, run as fast as you’re comfortable.
• Cycling
  • Ride your bike around your neighborhood. Have fun outside and get some sunshine for vitamin D.

5. Other ways to save and make money

There will be times when just saving money is not enough. If that is the case, let’s look into making more money. One of the best ways to save and make extra money is to use money-saving apps. Here are a few money-saving apps that are good for getting cash back:

• Honey
  • Use this free app to find awesome online coupon codes.
  • It helps you save money and time and avoids the hassle of hunting for deals.
• Rakuten
  • Earn cash back while shopping at your go-to stores.
  • Works on the app, as a browser extension, and on their website.
• Dosh
  • Get automatic cash back at many places when you shop, eat out, or book hotels.
  • No need for coupons or scanning receipts – it’s pretty cool.
• Capital One Shopping
  • This one helps you save cash by automatically applying coupon codes

You can also get a side hustle to supplement your income. Listed below are a few side hustles you can research and pick which one works for you:

• Branded Survey–
  • Earn cash and gift cards by doing online surveys.
  • Easy money for sharing your opinions.
  • Choose to get paid with gift cards, PayPal, or to your bank account.
• Flexjobs
  • Work from home.
  • Pick tasks like office work or helping out personally.
  • Do it all without leaving your house.
• Tutoring
  • If you enjoy teaching, try online tutoring.
  • Make some good money, and you can do it from anywhere.

In Conclusion

The best ways to save money include using free apps like Honey and Capital One Shopping to find online coupon codes effortlessly. Take advantage of cashback rewards through Rakuten and Dosh while shopping at your favorite stores, letting these apps do the work for you. By being mindful of your spending and making small changes, you can watch your savings grow over time. Remember to budget wisely, cut unnecessary expenses, and explore these simple yet effective methods to boost your savings.

This post was all about the best ways to save money. 

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