Living frugally doesn’t mean you have to sacrifice delicious meals. With a little creativity and smart planning, you can enjoy tasty, nutritious food while saving money.
This post will share the best food frugal living ideas to help you cut costs without compromising on flavor. From meal planning and bulk buying to using leftovers wisely, these tips will make your grocery budget stretch further and help you build a more frugal, sustainable lifestyle.
Grocery Shop Less Often
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Shopping less often helps you save money. Instead of frequent trips, plan your meals and buy only what you need. This reduces impulse buys and helps you stick to your budget.
To learn more: 20 Simple Ways on How to Save Money on Groceries
Meal Plan Based on Cheap Ingredients
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Save money by planning meals with affordable ingredients. Check your pantry and fridge, then create a plan using what’s already there. This makes budgeting easier and reduces food waste.
To learn more: Meal Planning 101 (plus save money each week)
Always Use a Shopping List
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A shopping list helps you stick to your budget. Write down what you need before going to the store, and avoid impulse buys. This simple habit can save you a lot of money.
Avoid Convenience Foods
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Convenience foods may be easy, but they often lack nutrients and can be pricey. Save money and eat healthier by cooking at home. You’ll avoid added sugars and unnecessary costs.
Learn More: 10 Simple Tips on How to be Frugal with Food
Eat at Home
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Eating at home is cheaper than dining out. Cook your meals to save money and have control over your ingredients. It’s a simple way to manage your budget.
Learn More: Become a Pro at How to Meal Plan for a Month
Make Your Own Coffee
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Make your own coffee at home to save money. Use an electric French press or a reusable cone to brew delicious coffee without spending much.
Make as Many of Your Dinners as Possible at Home
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Cooking dinner at home saves you money and time. It eliminates the need for takeout trips and helps you manage your budget better.
To learn more: 100+ Frugal Meals for When You’re Broke or on a Budget
Maybe Use a Meal Delivery Service
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Meal delivery services can help you eat fresh and organic food without the hassle of shopping. They make healthy eating more accessible and can sometimes be cost-effective.
Learn More: Are Meal Plan Subscriptions Worth the Cost?
Buy Produce from Large Supermarkets
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Large supermarkets often have better prices on produce than stand-alone farmer’s markets. This can help you save money on fresh fruits and vegetables.
Eat Out Smart
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Choose affordable local restaurants and look for specials or happy hours. Eating out smartly helps you enjoy meals without overspending. Find happy hour specials or kids eat free nights!
Use Your Own Coffee Mug
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Bring your own coffee mug to cafes to get discounts on hot drinks. This simple habit saves money and reduces waste.
Learn More: How to Be Frugal Green: 91+ Tips to Save Money and Environment
Pack Lunch for Work or School
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Packing lunch saves money compared to buying it. Prepare meals at home and bring them with you to cut down on daily expenses.
Shop Grocery Ads
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Check weekly grocery ads to plan your shopping. Look for sales and loss leaders to save money on your grocery bill.
Slashing Grocery Bills
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Save on groceries by shopping at discount stores, buying in bulk, and choosing generic brands. These strategies help you slash your grocery bills significantly.
Figure Out Food Habits
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Identify where you spend the most on food and cut back on processed items. Focus on buying healthier, more affordable options to reduce your grocery costs.
To learn more: What is the Best Cheap Food to Buy When Broke?
Cutting Coupons
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Use coupons to save money on groceries. It might take some effort, but the savings from cutting coupons can add up quickly.
Buy Store Brands
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Store brands are often cheaper than name brands. Stores like Costco, Wal-Mart, and Kroger offer quality products at lower prices.
Don’t Shop Hungry
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Shopping while hungry leads to impulse buys. Eat before you shop to avoid unnecessary purchases and stick to your budget.
In-Store Grocery Apps
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Use in-store grocery apps to find the best prices and discover new recipes. These apps make it easier to save money and plan meals.
Learn More: Best Cash Back Apps: How to Earn Money and Save Money
Eat Meatless Meals
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Try eating more vegetarian meals to save money. Meatless meals are often cheaper and can be healthier, providing more fiber and protein.
Don’t Eat Out
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Eating out costs more than cooking at home. Save money by preparing your meals at home instead of dining out.
Use Cash Back Apps
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Cash back apps offer rewards for purchases. They provide discounts and coupons that help you save money on groceries and other items.
Learn More: Best Cash Back Apps: How to Earn Money and Save Money
Use Ibotta Every Time You Shop
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Ibotta rewards you with cash for shopping. Scan barcodes and complete tasks to earn money back on your purchases.
Stop Buying K-Cups
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K-Cups are expensive and wasteful. Switch to a reusable alternative for a cost-effective and eco-friendly way to enjoy your coffee.
Now, Make Sure You Check out these Frugal Home Must Haves
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Incorporating frugal home must-haves into your daily life can lead to significant savings and a more efficient household. These tips and items are designed to help you stretch your budget further while maintaining a comfortable and functional home. Start implementing these strategies today and watch how small changes can make a big difference in your finances.
To learn more: 25 Frugal Home Must Haves To Save Money for Clean and Organized Home
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Learn to manage your money wisely with these straightforward tips to cut spending and budget better. Despite higher incomes, many still struggle with financial challenges and living paycheck to paycheck. Take control of your finances starting today to achieve a more feasible budget.
1. Prioritize Essential Bills and Expenses
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Identify which expenses are truly essential for your livelihood. Prioritize these over non-essential expenses like entertainment or eating out to ensure financial stability and mindful spending habits.
To learn more: What is Zero-Based Budgeting and How Does It Work?
2. Participate in a No Spend Challenge
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Joining a No Spend Challenge not only helps you save money rapidly but also increases awareness of your spending habits, leading to a minimalist lifestyle. Start with a no spend month to jumpstart your frugal living journey.
To learn more: No Spend Challenge: The #1 Fastest Way To Save Money
3. Reduce your Housing Expenses
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Housing costs can burden your budget significantly. Explore options like downsizing, negotiating rent, or getting roommates to lower expenses and free up funds for other financial goals.
To learn more: Get Paid to House Sit and Find Lucrative Housesitting Gigs Easily
4. Be Cognizant of Bad Spending Habits
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Become aware of detrimental spending habits like impulse purchases or overspending on conveniences. Break the cycle by making conscious choices and embracing mindful spending practices for long-term savings.
To learn more: 12 Things I Quit Buying to Save Money
5. Skip the Expensive Coffee Shop
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Foregoing daily coffee shop visits can yield substantial savings. Just this change alone could save you over $600 a year, demonstrating the impact of small adjustments on your budget.
To find more: 175+ Simple and Easy Frugal Living Tips to Save Money
6. Use Public Transportation to Save Money
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Opt for cost-effective alternatives to owning a car, such as public transportation, cycling, or carpooling. By reducing transportation expenses, you can allocate more funds towards savings and financial goals.
To understand further: Is a Car an Asset or Liability?
7. Take Advantage of Free or Cheap Entertainment
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Embrace free or inexpensive entertainment options to avoid draining your budget. Enjoy activities that don’t require spending money, allowing you to have fun without compromising your financial health.
To learn more: 105 Fun Things To Do With No Money
8. Cut Back on Grocery Spending
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Employ strategies like meal planning, cooking at home, and using discounts to slash grocery expenses. By being mindful of your food budget, you can save money while maintaining a nutritious diet.
To learn more: 100+ Frugal Meals for When You’re Broke or on a Budget
9. Stick to Your Shopping List
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Plan purchases in advance to resist impulse buying. Sticking to your shopping list helps you stay focused on essentials, preventing unnecessary spending and promoting responsible budget management.
10. Start Meal Planning
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Meal planning is a practical approach to budget-friendly eating. By organizing your meals ahead of time, you can minimize grocery costs and reduce food waste, ensuring efficient use of your food budget.
To learn more: Become a Pro at How to Meal Plan for a Month
11. Stockpile Goods That Will Stay Stocked Up Long Term
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Strategically stockpile essential items to save money and ensure preparedness. Focus on purchasing long-lasting goods in moderate quantities to maximize savings without cluttering your living space. Only buy what you plan to use when it is on sale!
To learn more: What is the Best Cheap Food to Buy When Broke?
12. Avoid Impulse Purchases
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By resisting impulsive buying, you create opportunities for significant savings over time. Prioritize needs over wants to safeguard your budget and maintain financial stability, especially during tight financial situations.
Find more ideas to Cut Spending
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Discover practical tips to cut spending & budget wisely. Start saving money effortlessly with these 12 straightforward strategies!
To learn more: 20+ Tips to Cut Spending when Budgeting on a Low Income
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Inside: Get empowered with our popular Money Saving Challenges! From envelope challenge to monthly savings, become a finance guru today!
Do you want to save money? Obviously, if you are here checking out the money saving challenges from Money Bliss!
You all love the concept of saving money!
But, we may not have been as successful as we hoped in the past. And that is okay! Give yourself some grace and start afresh today.
Everyone knows that a penny saved is a penny earned.
By participating in one of our challenges, you can save money and have fun while doing it!
Let’s face it, we live in a world of economic struggle. With many people struggling every day to make ends meet and pay the bills, is there anything you can do to save money?
A simple solution: Start by paying yourself first with one of these money challenges.
We have rounded up all of the best money challenges on our site, so you have one resource to bookmark and come back each time to try a different challenge. All with one purpose in mind… save money to lead your best life.
One of the Money Bliss money saving challenges is the perfect way for you to save money every day, and become rich with your persistence and dedication.
Join our Money Saving Challenge today and start saving your pennies– we’re all in this together!
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
What is a Money Saving Challenge?
A Money Saving Challenge is a challenge that lasts all year and you can repeat them as many times as you want.
This unique savings game is designed to strengthen your savings habit, transforming financial discipline into a fun and exciting adventure. There are a plethora of different money saving challenges, all tailored to prove you’re capable of achieving your savings goal.
You aren’t bound by any calendar restrictions; you can initiate the challenge at any period throughout the year to suit your convenience.
Even better, you can pick the savings game that aligns best with your income and lifestyle!
This savings commitment involves challenging you to live thriftily to accumulate more wealth and find joy at the successful completion!
Money saving challenges can be tracked easily with any of our printables. Throughout any challenge, you are able to track your progress and see how much money has been saved by following the predetermined rules for each challenge.
Why Complete a Money Saving Challenge?
This challenge works because it helps you save money.
More explicitly, it helps you exercise control over your immediate spending and discourages detrimental behaviors such as making an impulse purchase.
The ultimate goal of completing a money saving challenge is to save as much money as possible within a certain time frame.
The best way to complete the task is to follow the instructions and then track your savings.
This is a great way to spend less money and save more money in the process.
And that’s precisely the reason you return every year for a renewed challenge!
A money saving challenge gives you the reins, allowing you to save as per your comfort and desire. You can design your goals and progress bars to always stay updated about your savings game advances.
While participating in one of our first money challenges, we noticed an enduring shift in our spending habits. Therefore, a savings commitment today can secure a financially healthy tomorrow!
Why a Huge Roundup of Different Money Challenges?
A myriad of different money challenges has been created for a variety of reasons. Many people participate in these challenges as an avenue to improve their financial situation, curb impulse buys, assist others and/or merely for enjoyment.
Since everyone is at a diverse place financially, we aim to equip you with as many viable alternatives as possible.
Another reason why there is such a huge variety of these types of challenges is that each one can help people at various stages. Such as needing to pay off debt, save up for vacations, build an emergency fund, or set aside extra funds during back-to-school shopping season so you don’t have any surprises when your kids come home with tons of new clothes.
My readers know first-hand, from their remarkable triumphs, that these money challenges work!
You need to pick one today that will work for your current financial situation, bookmark the page, and then revisiting to find the next money task is your action plan.
Money-saving challenges can be fun and effective, not just a game of numbers.
It’s not only fun but it also helps increase awareness about getting rid of unnecessary costs and saving up for future goals with this type of challenge!
The Best Money Saving Challenges
The best money saving challenges are the ones that allow you to save a lot of money and still accomplish your goals.
The best way to do this is by focusing on what your priorities are and what you want to accomplish.
We’ve compiled 20 money saving challenges that can help you save money. These are the best and most effective ways to make a difference in your life, no matter what budget or lifestyle you’re living on.
These challenges will help you take full control of your finances and change how much more cash is sitting around every month for yourself!
What are some money saving challenges?
Idea #1 – 52-Week Money Saving Challenge
The 52-Week Money Challenge is a financial goal created for those who want to save more money in the span of 52 weeks.
This savings commitment not only makes saving more manageable but also turns it into a fun savings game. Weekly challenges such as this are extremely popular since it makes you more likely to stick with it.
The weekly money saving challenge encourages you to save $1,378 by the end of the year by merely increasing your savings $1 more dollar every day. It’s a simple idea: every week, you put in $1 and at the end of 52 weeks, you have more money saved fairly easily.
Other alternatives for the Money Bliss 52-week money saving challenge can also include aiming to save $3000, $5000, or $10000 over the course of 52 weeks, much like the 100-envelope challenge.
Action Step: Learn more about the 52 week money saving challenge.
Idea #2 – Reverse 52-Week Challenge
The reverse 52-week challenge is a way for people to save money by starting with a bigger amount of money at $52 and working their way down by saving $1 less each week.
The reverse version of the 52-week challenge allows you to start by saving $52, and then work your way down by $1 each week. The goal is for people to help themselves out while they save money on their bills.
This is a great way to kickstart your saving money experience. If motivation wanes over the 365 days, you’ll be relieved to know that you have already saved a majority of the money.
Action Step: Learn more about the reverse 52 week money saving challenge.
Idea #3 – Envelope Money Saving Challenge
The 100 Envelope Money Challenge is an extremely popular and trending way to save money! And the premise to save is super easy!
Spanning 100 days, this savings habit involves selecting a fresh envelope, each marked with numbers between 1-100. The number you select determines the amount to be saved on that particular day.
Consider any of the Envelope Money Challenges (50 day, 100 day or 200 day) as an ideal option for anyone who wants to aggressively build up savings quickly.
These envelope challenges are not just about accumulating savings quickly but also inculcating a shrewd savings habit for future security. Specifically, it enables you to save $1275 in 50 days or $5050 in 100 days; a significant stride towards your savings goals.
Action Step: Engage your savings habit by getting involved in one of the envelope challenges.
Secure your future in a fun way! Download your free printable 100 envelope challenge template!
Idea #4 – The 26 Paychecks Challenge or Bi-Weekly
The 26 Paychecks Challenge is a bi-weekly money saving challenge. Consider it as a more structured version of saving since this is how most people are paid.
The great news is you can save the same amounts as the 52 week challenge, but the printables are created for your biweekly budget!
Also, you can modfidy the same printable tracker on the 52 week penny savings challenge by:
Choose to do it over a span of two years instead of one year.
Double up and save two weeks for each bi-weekly paycheck.
Either way, you are nurturing a crucial savings habit, which is definitely a win!
Action Step: Learn more about the bi-weekly money saving challenge.
Idea #5 – Monthly Money Saving Challenge
This popular monthly saving challenge allows you the chance to save money each month by participating in the monthly challenges.
This works well for those who budget on a monthly basis.
For these monthly challenges, you will save amounts like $1000, $3000, $5000, $10000, $15000, $20000, or $25000. Each presents plenty of options to find one that suits your income and budget.
Action Step: Learn more about the monthly money saving challenge.
Idea #6 – Twice per month Saving Challenge
If you are paid twice per month or 24 paychecks per year, this challenge is for you.
This bi-monthly saving habit encourages you to pay yourself first with each paycheck, allowing you to focus expenditure on things that matter most to you.
You’ll be setting aside a specific amount for each paycheck.
Although the freedom lies with you to decide how much you can save, it’s advisable to squirrel away at least 10% of your paycheck to kick start your nest egg. If you can strive for a 20% savings target, even better.
This is done twice per month and should help contribute to your overall savings goals.
Action Step: Learn more about the twice per month money-saving challenge.
Idea # 7 – Mini Saving Challenge
The importance of mini saving challenges for those on a low budget cannot be underestimated. They offer a manageable route toward improved savings habits and financial security, especially for those with limited resources.
More often than not, these mini challenges often involve tracking your spending. This process can help you understand your spending patterns and identify areas where you could cut back, translating into more savings.
These mini challenges are a stepping stone to increasing your financial literacy. As you navigate the challenge, you learn about budgeting, the importance of saving, the power of compound interest, and other financial concepts. This knowledge can empower you to make better decisions
Action Step: Find the right mini saving challenges and break financial objectives down into manageable, incremental targets.
Idea #8 – No Spend Challenge
The No Spend Challenge is a simple program that promotes saving money and living below your means.
You pledge to spend no money for a set period of time. There are different rules and guidelines depending on the type of challenge, but generally, the challenge period will be between 14-30 days.
The goal is to create an environment in which you are forced to think creatively about your spending habits and how you can better manage your finances.
For us, a no spend challenge gave us insight into our spending habits while also encouraging us to save more money in order to reach personal goals, which was to pay off debt.
Action Step: Learn more about theno spend challenge.
Idea #9 – Penny Challenge
The Penny Challenge is an incremental daily saving challenge that advocates for the mentality of ‘every penny counts’.
You begin by saving just one penny on the first day, two pennies on the second, and so forth, until you are saving $3.65 on the last day of a full year. This seemingly small act can accumulate to a substantial sum of $667.95 over the course of a year.
The challenge not only encourages saving but also instills the realization of how small, regular actions can lead to considerable achievements, helping participants understand the often overlooked value of pennies.
This challenge is a great initiative for those starting to save and can be made more enjoyable by involving friends and family, thus creating healthy competition and mutual motivation.
Idea #10 – Spare Change or Rounding Up Challenge
Spare change or rounding up challenge is another option that can help you save money.
With this spare change challenge, you can do it with coins or digitally!
Collect your spare change/coins and hold onto them for a big purchase later on!
Or use an app that automatically rounds up all of your purchases and starts investing for you.
For example, if you spend $15.26, you will save 74 cents by rounding up.
Action Step: Sign up to automatically save your spare change.
Idea #11 – 365 Day Nickel Saving Challenge
The Nickel Saving Challenge is a common, yet simple math problem to save nickels, and each day you double the number of nickels saved.
Simply put, with the Nickel Challenge, you save one nickel on day 1, two nickels on day 2, three nickels on day 3, and so forth throughout the year.
By day 100 of the nickel challenge, you will save $5.00 and accumulate $252.50. On day 200 of the nickel challenge, you will save $10.00 and accumulate $1005. By
Over the course of the year, you can save $3,339.75 with the simple 365-Day Nickel Challenge. Now, you know why it is popular!
Action Step: Pick your saving jar to hold all of your nickels!The perfect piggy bank!
Idea #12 – $5 Bill Challenge
The $5 Bill Challenge is a fun challenge that can help you learn to be more resourceful! It teaches you how to look for money anywhere, but also helps them spend less and save more!
The $5 Bill Challenge is a challenge to save money based on all of the five-dollar bills you receive or find. The person receiving the five-dollar bill must keep store it for a year to see how much they can save.
As an alternative, if you are feeling uncomfortable with $5, try the challenge with one-dollar bills. You can find out just how much money that is in your pocket!
A jar with $5 bills can be used as an extra savings boost. It is recommended to put the money in a clear jar so it is easier for you to see how much money there was before and after putting more money into it.
Action Step: Pick your saving jar to hold all of your dollars!
Idea #13 – 10K Money Saving Challenge
This money challenge is hands down the favorite among readers at Money Bliss.
It was created in order to help people save $10,000 in just one year.
For many people, saving five figures is a big deal and one that is difficult for many to overcome their money blocks on.
If you are serious about committing to a challenge, then the 10k money saving challenge is just for you.
Action Step: Start your journey to save 10000 in a year.
Idea #14 – 5K Saving Challenge
The 5k saving challenge is a savings plan that helps people to save $5,000 in 6 months or $5k in a year.
Five thousand dollars is the right amount of money to save for a vacation, Roth IRA, or many other big purchases. Thus, this is a popular amount for people to save.
Shift your thinking and begin to experience financial freedom while saving 5k in a short amount of time.
Action Step: Learn how to save $5000 in 6 months or complete it in one year.
Idea #15 – Flexible or Hacked 52 week Money Challenge
This allows you to be flexible and you can save different amounts each week.
For many people, this is a great way to sock away extra cash when they have it.
You can adjust the amount you save each week, but at the end of 52 weeks, you still have the same amount saved in your goal.
Action Step: Learn more about the flexible or hacked 52 week money saving challenge.
Idea #16 – 30 Day Money Challenge
The 30 Day Money Challenge is a challenge where each day you focus on creating better money management skills. Very likely, by the end of the 30 days you are in a better spot financially and starting to save more money.
The goal of the 30 Day Money Challenge is to save money. The challenge runs for 30 days and tasks users with saving as much as possible.
Action Step: Start the 30-day money challenge today.
Idea #17 – The Pantry Challenge
The Pantry Challenge is a recipe for how to stretch your food.
Instead of adding grocery items to your cart, you must first “shop” your pantry or freezer.
Typically, when we hold a pantry and freezer challenge, we cut our grocery bill in half. It forces us to be creative with the things that we have already spent money on.
The Pantry Challenge is a grocery shopping challenge that gives your wallet a break from going to the store for one week. It helps you achieve food savings and avoid wasting money on groceries.
Action Step: Learn to stock your house with cheap food.
Idea #18 – Challenge Yourself to Turn 100 into 1000
Money can take time to save. To increase the pace of saving money, look at ways to increase your money.
This is a great challenge to think outside of the box on how to turn 100 into 1000.
That would be nice, wouldn’t it?
Honestly, making money may be easier than trying to squeeze every last cent out of a dollar.
Action Step: Find the exact ways to turn 100 into 1000.
Idea #19 – Habit Jar
The Habit Jar is a money saving device that combines the idea of breaking or creating habits with money saving. Every time, you save money on a bad habit, the money goes into the jar.
Plus the habit jar is an easy way to track your progress in achieving habits. Some people use them as a way to keep track of their personal goals, such as saving money or stopping bad habits.
When you reach your goal, take out the money as a reward!
Action Step: Pick up the book Atomic Habits to truly excel at making changes.
Idea #20 – Weather Savings Challenge
This weather saving challenge is purely fun and a great way to save money that is outside of our control.
Each day or once a week, deposit money that equals the average high temperature in your city.
For example, if it was 65 degrees out, you would move $65 into your savings account. If you live in a hotter climate you will be saving much quicker than those dealing with frigid temperatures.
This is a fun way to save for vacations to escape to somewhere else!
Action Step: Open up your savings account to start that vacation fund.
Idea #21- Christmas Money Challenge
This is how you afford Christmas without all of the stress.
Throughout the year, you save money each month to be used during the holiday. This Christmas money challenge is super simple to do.
By saving $50 per month, you will have $600 when Christmas rolls around. Want to save more, do it!
Action Step: Start a Christmas Saving Fund today. up your savings account to start that vacation fund.
Idea #22 – My Favorite Money Saving Challenge
For the last money saving challenge, I want to share with you my personal favorite.
The reason is simple.
It is easy to track year over year and make sure you are on track to reach financial independence.
Did you know? The more you save today, the less you have to save tomorrow.
That is why I love calculating my savings percentage.
This is a great personal finance ratio to know.
You can increase your saving percentage each month and then work on increasing it, even more, each year.
For example, if you are saving 10% or $6000 this year, by increasing your saving percentage by 1% for a year, you now save $6,600.
This is a great way to tailor your savings by how much you make.
Action Step: Begin to increase your saving percentage each year.
Money Saving Challenges Success Stories
Still not optimistic?
Here is a tidbit from a reader, E.P.:
“I completed the $10,000 challenge in 2019! It goes to show that if you can scrape the money together to meet weekly targets it’s possible to put that much aside without having a 6 figure job 🙂
I just remember that progress isn’t linear and not to get too down on myself.”
That is just one story.
All you have to do is visually see yourself saving in 2024.
Which Money Saving Challenge will you Choose?
If you are looking for the Money Saving Challenge, it is the one that doesn’t start with “Old” or “New Year.”
The perfect money saving challenge is the one you start today.
Hopefully, this money saving challenge post has inspired you to start saving today.
We know we have inspired thousands of other readers.
For now, we cannot wait to hear your success story like the one above.
Are you ready to save money in 2024!?!?!
Make sure to grab your money saving challenge printable – exclusive for our mailing list only.
Start saving with our Money Saving Challenge today!
If you are serious about wanting to learn how to FI, then it starts with saving money.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Inside: r/personalfinance is full of popular subreddits with ideas on how to make money and save money or invest. Know best practices for Reddit personal finance and ways to learn from them.
Reddit is a popular online community where people can share content, ask questions, and comment on news articles and topics. One of the most popular sections for personal finance discussions is /r/personalfinance.
Here are some of the best posts from that section:
“How has your finances changed post-graduation?”
“I was able to pay off my student loans as well as move back into my parents’ house without any difficulty.”
“My financial situation isn’t too bad right now, but I worry about the future.”
Reddit has some great threads that cover personal finance topics.
This blog post will give you a list of the top 25 Reddit Personal Finance Threads, letting you know which ones to check out next time you want to learn more about personal finances.
I created this list because there are very few resources that point to real people with real stories they want to share.
Our site is jammed packed with information on how to succeed with money. You may be looking for more specific personal finance information.
Also, you can find very specific information on r/personalfinance like how to save money when you’re starting off your career or trying to figure out how much it costs for certain things in life like specific college tuition, where rent costs vary, and so forth.
In addition, it includes some of the most popular and insightful posts on this website.
Hopefully, this will help you learn about all aspects of personal finance so that you can start managing money and reach financial independence today!
Why use Reddit Personal Finance?
There are many reasons to use Reddit Personal Finance.
Some people use it as a resource for their own personal finance, while others may be using it in order to plan out what they want to do with their finances.
Reddit Personal Finance is a community of people who share their experiences and tips on personal finance.
Users can post questions, browse the subreddit’s popular posts, or find new content in the “new” tab. Reddit Personal Finance also has a directory of personal finance resources and tools that you can use to better your finances.
The personal finance subreddit is thriving, and it’s only going to get bigger. With over 15 million subscribers in 2022, the community has a lot of content to explore. Plus almost half of users are online at any time to answer questions.
It can be hard enough to find your way around this vast platform but by following these 15 threads you will soon have no problem navigating Reddit Personal Finance with ease!
Positives of Personal Finance Subreddits
The internet is a place to share information and connect with others. One of the best ways to do this is through various social media platforms such as Reddit.
The following are some of the benefits of using personal finance subreddits.
Find out about new financial trends and learn about the best ways to invest your money
Get advice on how to manage your finances and make smart financial decisions
Be a part of the community and have a chance to grow your own knowledge
Learn about new products, services, and companies that could help you with your finances
Get advice on how to invest your money.
Grow your personal finance knowledge to help you reach your goals faster.
If you’re looking for a place to find some personal finance-related content, Reddit offers many subreddits that are all about these topics.
Some of the posts offer objective and helpful information while others can be subjective and relatable in person.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Reddit Basics
Before getting completely lost in Reddit, here are some important things you need to know.
For me, I quit using Reddit because I got overwhelmed and couldn’t find what I needed quickly enough. Thus, here is the lingo that will help you succeed.
Subreddit: A popular place to find information is on the subreddit; for example: “r/personalfinance”.
Upvote / Downvote: Users can upvote or downvote a comment. Reddit gives the comment a “score,” which is the number of upvotes minus the number of downvotes.
Karma: Other users can upvote or downvote your posts and comments; these tally to your “karma.” When providing helpful comments and posts, then they will reflect a higher karma score.
OP: Original Poster.
AMA: Ask Me Anything. An online Q&A session hosted by Reddit’s community in which some guest (normally famous) is or are available for questions
EDIT and ETA: Edit and Edited. A simple way for a user to denote the added to their original comment.
TL;DR: Too Long; Didn’t Read. This is added at the end of long text posts or comments to quickly summarize an article or comment as being too long to read. Sometimes, people use it to summarize the main point in case you don’t want to read the entire thing.
Top 5 Reddits Personal Finance
These are the most popular subreddits for personal finance. They have the most followers and daily interactions.
Does it mean they are the most important? No, there are plenty of subreddits to read regarding personal finances. (Don’t worry… we have a list of them below!)
R/PersonalFinance
R/PersonalFinance is a subreddit that focuses on personal finance.
This is the most popular community related to personal finances.
R/PersonalFinance is a subreddit for personal finance discussions, such as investing, budgeting, and saving money.
The subreddit’s community primarily consists of people who are just starting out with personal finance and those who are struggling to make ends meet as well as plenty of people who are ready to give back and help others.
Followers: 17.6m Members (as of April 2023)
Top Post: You are not “family” to your employer.
r/wallstreetbets
r/wallstreetbets is a subreddit that discusses the world of Wall Street, and how it impacts current events in financial markets. The subreddit’s name is a reference to the popular trading platform Wall Street.
Wall Street bets are financial wagers known for moving so-called “meme” stocks. Also, they are known to move stocks quickly in one direction to force hedge funds to cover their short sales, such as GME or AMC.
People in this community may win big and lose big since they are gambling on the information. You need to learn the meaning of YOLO.
Followers: 13.8m Members (as of April 2023)
Top Post: Times Square right now
r/bitcoin
The subreddit r/bitcoin is a popular Bitcoin news, discussion, and information site. The subreddit is one of the most active on Reddit with over 3 million subscribers.
As it is a digital means of payment, Bitcoin can resist wild rises in inflation and unfair banking practices because people are the ones who control their power and money. That is the belief of this community.
Followers: 4.9m Members (as of April 2023)
Top Post: It’s official! 1 Bitcoin = $10,000 USD
r/stocks
r/stocks is a subreddit in which people discuss the stock market, share trading strategies, and ask questions related to the stock market. There are no rules on r/stocks; users can post links to articles, ask questions, or share their own thoughts on the stock market.
Posts related to reddit stocks are welcome on /r/stocks, but read the rules first. Feel free to share a ticker everyone should know about.
Followers: 5.3m Members (as of April 2023)
Top Post: Companies try to prevent people from trading GME and AMCDiscussion
As you can tell, most of the popular Reddit topics are related to making money through stocks or cryptocurrency.
Is that a bad thing? No.
Just remember… You can learn to fish or you can be fed by others. Personally, I think it is best to learn how to fish and find your own way to make money with stocks and cryptocurrency.
Must Read:
The Next Best 21 Personal Finance Subreddits
The purpose of any of these subreddits is to provide an online community where people can discuss their finances in a respectful, non-judgmental, and anonymous environment.
We will cover the best personal finance Reddit forums that offer advice that can help people at all levels of their finances with tips ranging from simple ones such as grocery shopping without checking receipts and getting discounts by using apps to more complicated ones like how to save up for a vacation.
This list is not limited to just Reddit threads.
Here is a collection of the top 22 personal finance subreddits on Reddit:
R/Frugal
R/Frugal is a subreddit on Reddit.com that focuses on frugality and the concept of living life with less money. Also, the community is made up of individuals who are interested in living a lifestyle of less spending and more saving.
Frugality takes mental preparation of all your resources including time, money, convenience, and any other desired things.
Followers: 2.9m Members (as of April 2023)
Top Post: I got bids from tile setters to do a backsplash for $2000. I ended up doing it myself for under $200.
R/investing
Reddit’s r/investing is a subreddit dedicated to the stock market. It has more than 2.0 million subscribers and provides information on stocks, investing strategies, and other related topics.
Investing is the process of putting money into assets in the hope that they will increase in value. Sometimes investments are made by professionals, but most often, people invest for themselves and their families.
If you are looking for advice on investing, r/investing is the place to go. With nearly 2 million readers and growing, there is a lot of information here that can help people make better financial decisions.
Followers: 2.2m Members (as of April 2023)
Top Post: Robinhood and other brokers literally blocking purchase of $GME, $NOK, $BB, $AMC; allow sells
R/Shoestring
A discussion community focusing on travel and cheap options for traveling, whether through couchsurfing, camping, staying in hotels or hostels.
Discuss topics such as booking last-minute plane tickets, cheap destinations, budget transportation like hitchhiking or staying in Airbnbs. Learn the benefits of these different methods of travel.
Wanting to travel on a shoestring budget is a real gig!
Followers: 2.0m Members (as of April 2023)
Top Post: I worked roughly 10 hours a week at an Airbnb in exchange for housing and amenities.
R/realestateinvesting
Real estate investing is the process of buying a property with the intention of renting it out or flipping it for profit. The term applies to any real estate investment but typically refers to residential properties that are bought and sold.
Real Estate Investing is a popular topic on Reddit. It covers the types of investments, such as flipping houses to investing in commercial real estate, or even wholesaling.
Followers: 1.7m Members (as of April 2023)
Top Post: Today, at the age of 28, I became a millionaire
R/Financialindependence
The r/financialindependence subreddit is a good place to find people who are working towards financial independence.
This is a place where people who are or want to become financially independent, which means not working for money can meet one another.
Having money affirmations are a huge part of the motivation for those in the FI movement.
Followers: 1.9m Members (as of April 2023)
Top Post: Just Crossed 100K Net Worth Living in NY
r/PersonalFinanceCanada
r/PersonalFinanceCanada is a subreddit that is dedicated to Canadian personal finance and investing topics. The Reddit personal finance Canada community has over 600,000 subscribers who share questions, experiences, advice, and more.
This is great for country-specific financial issues.
Followers: 1.2m Members (as of April 2023)
Top Post: Bullet Dodged- First Time Home Buyers Be Ware.
r/UKPersonalFinance
The subreddit r/UKPersonalFinance is a place for people to share their personal finance experiences with others. The subreddit was created by two UK-based users in 2013 and originally had about 200 subscribers. It now has more than 500,000 subscribers and is one of the most popular finance-related subreddits on Reddit.
Learn, discuss, and request help on how to get access to, budget for, protect your money from, save and invest your money in the UK.
Followers: 1.0m Members (as of April 2023)
Top Post: Financial Reality Check
R/CreditCards
R/CreditCards is a subreddit dedicated to the discussion of credit cards, credit and debit cards, prepaid cards, banks, loans, etc.
In addition to the standard trading of information on pricing and terms, Reddit users can also post links to other websites that offer credit card offers.
Followers: 1.2m Members (as of April 2023)
Top Post: Do not do this, if you want your credit card to remain open
r/finance
R/Finance is a subreddit on Reddit that focuses on personal finance. The sub has more than 20,000 subscribers and receives more than 100,000 views per day.
All questions must be asked in the Monday Morning catch-all threads.
Followers: 1.8m Members (as of April 2023)
Top Post: Bipartisan bill would ban lawmakers from buying, selling stocks
r/budgetfood
The subreddit r/budgetfood is dedicated to discussing and sharing the best cheap food ideas. It has a strong focus on coming up with recipes that are both nutritious and easy to make.
Find great tips to stretch your grocery budget.
Followers: 1.2m Members (as of April 2023)
Top Post: Sesame “chicken,” but with cauliflower
r/FinancialPlanning
A subreddit to discuss and ask questions about personal finances, budgeting, investments, and insurance of people’s portfolios.
Followers: 581k Members (as of April 2023)
Top Post: Dad Level – Expert
R/leanfire
R/leanfire is a subreddit for posts about lean startup, business, and marketing. The name of the subreddit comes from the lean startup methodology philosophy which has been popularized by Eric Ries and Steve Blank, who are both cited as the founders of the lean startup movement.
R/Leanfire is a subreddit for those who are trying to achieve the type of success that qualifies you as financially independent. It’s not an easy task, but it can be done with hard work and determination.
Followers: 260k Members (as of April 2023)
Top Post: Just paid off my house
R/passive_income
Reddit has a subreddit that is dedicated to the topic of passive income. This includes things like side-hustles and other ways to make money without having to work for it.
The passive income community on Reddit discusses how they can make money. They post their experiences and give advice to other members of the community about making passive income. This is great for finding more ways to make money.
Followers: 322k Members (as of April 2023)
Top Post: I’m sure this means passive income. But can someone explain it. I don’t get it.
R/FIRE
R/FIRE is a subreddit that focuses on the topic of financial independence retire early.
For financial independence retire early movement has become popular over the past 5-10 years.
This is not just a community, but a place to discuss Financial Independence Retiring Early (FIRE) by fighting for financial freedom and controlling your destiny.
Followers: 263k Members (as of April 2023)
Top Post: Don’t be discouraged by young people who seem to be doing way better than you.
R/StudentLoans
R/StudentLoans is a subreddit dedicated to financial aid advice and discussion.
Some people are having trouble with student loans and they may be asking for advice. Here is some information on how to pay off your loan, as well as make mistakes that could lead to fees or interest added onto the balance of a loan.
Followers: 281k Members (as of April 2023)
Top Post: Biden to extend waivers another nine months
R/Bogleheads
The subreddit R/Bogleheads is a community for people who follow Jack Bogle’s simple investing methods to diversify and let compounding grow wealth. They share common interests and discuss topics such as the US financial system, taxation, Social Security, and retirement.
Perfect community for the passive investor.
Followers: 241k Members (as of April 2023)
Top Post: I started investing in my 401k 25 years ago this week. Hit a milestone today.
R/sidehustle
The term, “side hustle”, is a movement in recent years. Side Hustlers are people who would like to supplement their income by doing activities that they enjoy outside of work or school. In this community, start a small business or non-professional activity that you do in your spare time to supplement your income.
Followers: 412k Members (as of April 2023)
Top Post: Strange Side Hustle – I resell Bras full time on Amazon. AMA
R/money
r/money is primarily composed of people discussing personal finance topics such as stocks, investing, taxes, and personal finance.
Consequently, this smaller subreddit will help you get real advice and not lots of random opinions.
Followers: 89.9k Members (as of April 2023)
Top Post: New r/money subreddit icon?
Reddit Personal Finance Flowchart
The flowchart below describes the general process of saving for a goal. The user has to consider how much money they can allocate each month, and then determine how long it will take them to save for their goal.
This is a very similar concept to a personal financial statement.
You must consider how much you want to save each month, as well.
Find the Reddit personal finance flowchart.
In addition, the simplicity of the flowchart will be surprising.
Must Read: Money Bliss Steps to Financial Freedom
Reddit Personal Finance FAQ
Avoiding Reddit may be hard, but it is possible to avoid the more toxic parts of this site. There are a few key things to keep in mind that will help you avoid the worst of Reddit.
Avoid #1 – Posting Personal Information
The best practice is to avoid posting personal information. As such, your information may be used against you. Reddit is a social media website with different spheres of interest.
In order to avoid appearing disingenuous, it is best not to ask for upvotes or downvotes on posts.
Avoid #2 – Breaking the Thread Rules
The website has its own set of rules which every user should be familiar with before posting anything on the website. Reddit is known for its open dialogue, where members are encouraged to discuss a variety of topics from politics to technology.
However, people frown upon breaking the community rules.
Getting kicked out of many Reddit forums for not following the community rules is a possibility.
Avoid #3 – Be Careful on Opinions
The popular, winning opinions on Reddit are often biased and not based on facts. One example is the “What’s your favorite type of cheese” thread. In the end, it was a wildly popular opinion and later debunked by science.
One way to avoid these posts is by following an established Redditor with a solid reputation who has shown their ability to discuss topics like investing or personal finance without being judgmental or overly emotional about it.
Always do your own research to back up anything you may have learned on a r/personalfinance thread.
Reddit Personal Finance Windfall of Information
It is difficult to save money and track your finances because there is so much information coming at you.
There is no one likable than a hero in the story of personal finance, but what if you could be that hero?
These Reddit Personal Finance Threads are a great way for beginner investors or people just starting out on their own journey to learn about the different aspects of personal finance.
Also, there are helpful for veterans trying to keep up with all those new financial technologies over the years.
The best 25 Reddit Personal Finance Threads include some interesting posts on the topic from different perspectives like stocks, earning more money through certain professions, making your first million dollars, etc.
Thus, giving you plenty of insightful tips for success in life and finances!
After reading this Reddit personal finance article, make sure to subscribe for more Money Bliss tips.
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Shopping at a farmers’ market is a great way to eat healthier and support local agriculture, but if you’ve ever been to one, you know that the food isn’t cheap.
When you’re used to fairly inexpensive tomatoes from the supermarket, the price of locally-grown, heirloom tomatoes can be a bit of a shock, leading some consumers to wonder what makes the market tomatoes so much pricier.
J.D.’s note: Three years ago, I did a survey of my local area to find out where to buy the cheapest produce. Farmers’ markets and grocery stores were roughly equivalent here in Portland, Oregon. The real cheap stuff was to be found at roadside produce stands.
The thing is, the farmers’ market prices are the true cost of food. In Getting Real About the High Price of Cheap Food, author Bryan Walsh writes:
The U.S. agricultural industry can now produce unlimited quantities of meat and grains at remarkably cheap prices. But it does so at a high cost to the environment, animals, and humans…our food is increasingly bad for us, even dangerous. A series of recalls involving contaminated foods [in 2009] — including an outbreak of salmonella from tainted peanuts that killed at least eight people and sickened 600 — has consumers rightly worried about the safety of their meals. A food system — from seed to 7‑Eleven — that generates cheap, filling food at the literal expense of healthier produce is also a principal cause of America’s obesity epidemic.
Cheap food is often unhealthy food, but most of us have a bottom line, a household budget of some sort that we have to keep in mind. There are ways to make farmers’ market food work within your budget, though. Use the following tips to make the most of your market purchases.
Go Early for the Best Selection, Arrive Late for the Best Deals
Farmers don’t want to pack up leftover goods and drive them back to the farm, especially perishables like fruit and produce. You’re likely to find farmers discounting their goods if you arrive closer to closing. Because farmers work long, labor-intensive hours, my preference is to not haggle, but many vendors don’t mind at all.
Stop by the Information Booth First
If it’s your first time at a market, go to the information booth. The volunteers will alert you to deals, coupons, and other specials. Some markets have frequent buyer programs that give discounts to regulars. My city has a “Go Local” card that can be purchased for $10 and offers discounts at the market and at most local businesses around town.
The information booth is a good place to ask about a tasting booth, as well. Usually vendors are not permitted to offer samples at their booth, but can provide samples at a designated sampling table. Finally, the information booth at some markets functions as an ATM if you don’t have cash and some even accept food stamp cards.
Make Friends with the Farmers
If you want to get the inside track at the market, befriend the vendors. Take a few minutes to say hello and chat about the produce. Also, make their lives easier by keeping in mind the following:
Bring reusable bags to carry your groceries. This keeps expenses down for the farmers.
Pay in cash, preferably with small bills for less expensive items. Farmers run out of one-dollar bills quickly, and they’re always happy when they get exact change.
One time a vendor lowered my bill just because he was happy to receive so many one-dollar bills!
Prioritize Your Purchases
If you can’t afford to buy all of your groceries at the market, decide how much you can spend and stick to that. It doesn’t have to be all or nothing. Start with fruits and vegetables, which are inexpensive in comparison to specialty items like bread, seasoned meat, jam, honey, and olive oil.
Properly Pack Your Groceries as You Shop
Local isn’t cheap, so make sure your groceries make it home. As you shop, pack your bags carefully, taking obvious precautions, such as packing the heavier items at the bottom of the bag. Plan ahead if you’re going to buy anything that comes in a glass bottle or jar, such as olive oil, vinegar, and jam, to prevent breakage. Finally, if you need to run other errands after going to the market, bring a cooler and ice to keep items frozen and/or refrigerated.
Don’t Let Food Go to Waste
It’s easier said than done, but a good way to make your market dollars stretch is to actually eat what you’ve bought. I still struggle with this sometimes, but a few pointers that reduce the amount of food lost to spoilage include the following:
Keep in mind how much your family will actually eat in a given week. There’s no need to dip into your savings account unnecessarily, so try not to overbuy.
Plan ahead. On the weekend, wash and cut lettuce to make it easier to take a salad to lunch. Slice up carrots and other veggies. Make it convenient to eat what you’ve bought.
Foods like meat, cheeses, and certain breads can be frozen if you know you won’t eat them anytime soon.
Shop cooperatively. Go in on food with friends, neighbors, or family members. For example, I love buying a loaf of pecan raisin bread each week, but sometimes my husband and I don’t finish the whole thing. Rather than let it go bad, we split a loaf with my parents.
Use as much as you can of what you buy. Buying chicken?
Finally, know what to do with persimmons. Okay, not persimmons specifically, but make sure you know what you can do with the food that you buy, or it’s likely to sit in the pantry until it has to be thrown out. Buy cookbooks ordered by seasons. Two of my favorites are Local Flavors: Cooking and Eating from America’s Farmers’ Markets and Jamie at Home: Cook Your Way to the Good Life, but there are a lot of good ones out there.
J.D.’s note: This is a great place for me to plug Simply in Season, a cookbook written by one of my high-school friends. I’m proud of what Cathy has done with this book, and I keep meaning to interview her for GRS but haven’t gotten around to it.
Another great resource is Epicurious: Just type in the ingredient (like persimmons) and pick a recipe that appeals to you. The best resource of all, however, is the farmers themselves. Some have recipe cards at their booth, but even if they don’t, ask them for advice, and you’re sure to get an earful.
The poultry vendor at my market was a chef in the south of France. You can bet I get great advice from him, and I’m not about to let food spoil after he’s given me so many mouth-watering ideas. Just be willing to come back the next week to share how it went with them!
What about you? Do you shop at a farmers’ market? Do you have any tips to save money and stretch your dollars at the market? Also see How to Eat Healthy While Keeping it Cheap for additional tips on how to eat healthy on a budget.
As most of you know, we are in the very beginning stages of buying a house and possibly moving to Colorado. However, that’s not planned to happen for at least 1.5 years from now.
Some of you have asked why we’re waiting to buy a house and why we’re not moving right away.
Well, we still have to save for our down payment.
We would like to put around $100,000 on our next home (GAH that is scary to even think about), and that means we really need to buckle down and start saving since we still need to save for retirement as well.
We need to save money so that we can go to Colorado a decent amount and find our dream home. I don’t want to buy a home or live in a brand new town that I haven’t researched or visited at least a few times.
We’ll also have some big expenses come up and we need to start paying for and saving for those too. I’m assuming that selling our current home will be a disaster, and we will either break even or owe a few thousand dollars. we’ve had some odd disasters happen at our home and we need to replace some things (for example: our garage door needs to be replaced after our truck flung into reverse, all by itself when no one was in it, and slammed into our garage).
So, because of all of the above, we need to save a decent amount of money over the next two years. However, we are not freaking out. We know that we have some time to save and that we have fairly low budgets already.
There are many ways we are currently saving money. These include: lowering our food budget, switching to a more fuel efficient car (we are saving hundreds each month now!), finding frugal entertainment, cutting our cable bill, switching to a cheaper cell phone plan (read here to find out how you can save $2,000 a year on your cell phone), and more. Most of these are lifestyle changes and we have been extremely happy with the changes we’ve made since they’ve allowed us to enjoy life more and save money as well.
Here are some of your responses to my question “What would you NOT cut from your budget (i.e. what do you value) in order to reach a current savings goal?”
@SenseofCents Travel saving. That’s a non-negotiable for me.
— Marissa (@Thirtysixmonths) October 9, 2014
@SenseofCents The monthly fee for my gym membership!
— Theresa (@Foothills2Fog) October 9, 2014
@SenseofCents Pet related expenses. Hawkeye never gets cheap food or knockoff flea meds, and she goes to the vet and groomer regularly! — Stephanie (@NotEntrlyPrfct) October 9, 2014
@SenseofCents good food, travel, home comforts and our cats 🙂 we’d never cut these out, ever! — Nicola (@thefrgalcottage) October 9, 2014
@SenseofCents Therapy! At first maybe but it’s been really helpful 🙂 — Athena (@accordingathena) October 9, 2014
@SenseofCents eating decently. I would rather pay a bit more for groceries to get food I enjoy rather than a bunch of cheap junk! — Chelsea (@chelseaoliviaxo) October 9, 2014
@SenseofCents annual pass to my local comedy club. $150 for 2 people. Great laughs, cheap date and we get out of the house! — Kate (@goodnightdebt) October 9, 2014
@SenseofCents I would never cut internet. I think it’s so vital to life today. It’s become a need not a want — Allison (@LSLWBLOG) October 9, 2014
Even though we are saving money in many different ways, there are certain things we will not cut out of our budget unless we absolutely need to. The “old” Michelle would have probably freaked out and cut everything in sight (except for number 2 below, of course) just because I used to let money control my life.
1. I won’t downsize my home.
I won’t sell our current home right at this moment (and move into a cheaper place) in order to save money more quickly. Our home is relatively cheap and to me it’s not worth it to move into a cheaper place in order to save a tiny bit of money
Also, moving twice seems like a nightmare. we moved many times before we moved into our current home so I will do anything to limit the amount of times I have to move all the stuff into my future home.
2. I won’t get rid of my dogs.
Some people don’t understand why dogs are so awesome, and that is fine. However, I am an insane dog person. I remember when someone once asked me why I spend money to have dogs. It’s because I LOVE them.
I will not get rid of my dogs to put more money towards my down payment.
3. I won’t stop traveling.
We love to travel, so I don’t see us completely eliminating vacations from our lives in order to save for a home down payment. Our trips are usually fairly cheap, and I just signed up for a new credit card in order to gain some fast rewards points again. I will be talking about this soon.
4. I won’t jeopardize my health.
We recently received a letter stating that our health insurance will be going up a little over 64% each MONTH. Even though this is happening, it does not mean that I’m just going to completely eliminate health insurance from my life.
I’m also still going to go to any and all annual preventative appointments I have as well.
5. I won’t drain my emergency fund.
We have a large emergency fund, and we could put it towards our house down payment fund. It would definitely help us reach our goal more quickly, but this isn’t something I want to do.
My emergency fund is there to help me in case something bad happens. Also, you just never know if something bad will happen with the future move, so keeping my emergency fund intact is very important to us.
6. I won’t stop having fun.
We have relatively cheap fun. We go for bike rides, walk on trails, go hiking, and more. However, even though it is a cheap hobby and all we really have to do is pay for the gas to get places, I won’t cut that out of my budget.
Too many people think that you can’t have fun when you are on a budget. That is just not true!
7. I won’t get rid of internet.
Nope, nope, nope. This is something I could never get rid of. Keep in mind that in order to work, I need internet. Yes, I could go to the library and get it for free, but I’ll pay my very minimal internet costs so that I can work in my home.
What are you currently saving for? Are you cutting everything out of your lives in order to save for it? Why or why not?
Millions of Americans who rely on Supplemental Nutrition Assistance Program, or SNAP benefits, will receive less money for food starting in March. SNAP benefits, commonly known as food stamps, received a boost three years ago as part of a pandemic-era emergency allotment. But these extra benefits â which gave recipients an average of $95 or […]
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Traveling is one of the best things in life, and luckily, low funds donât have to dash your dreams of enjoying an epic adventure. A wealth of destinationsâboth in the U.S. and abroadâare so affordable that even hardcore penny pinchers can visit without worrying about their wallets. So if youâre itching to get away, but
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