There are many ways and reasons to save money. Whatever it may be, Dave Ramsey has provided us with some ways listed below:

  1. Rid yourself of debt
    Debt is one of the biggest obstacles when it comes to saving money. The fastest way to pay off debt is the snowball method; you start out by paying the smaller debts off first and work your way up to the big ones. When all debt is paid then you can begin the saving process.
  2. Cut down on groceries
    You can save money on groceries by planning out your shopping trips as well as planning out your meals for the week. Think about cutting back on junk food and snacks; this could prevent overspending and wasting food.
  3. Cancel memberships and subscriptions
    Get rid of any subscriptions you do not use on a regular basis. If you end up missing that subscription, work it out in your budget to see if you afford it.
  4. Buy generic
    Marketing is probably the only thing that makes name brand products different. Generic items and products do the same things for a cheaper price.
  5. Cut ties with cable
    You could be paying up to $1,200 a year for cable TV. Look for alternatives to replace the expensive television networks.
  6. Automate savings
    Set up your bank account to transfer funds automatically into a savings account.
  7. Spend extra money wisely
    Use the extra funds to pay off debt, put it into an emergency fund, or put it in your savings account.
  8. Reduce energy costs
    It is the simple things like showering, washing clothes, leaving lights on and much more that runs the energy bills up. Sometimes it is the outdated appliances that are still being used.
  9. Unsubscribe from emails
    If you cannot resist buying things when you see a special offer or discount then click the unsubscribe button at the bottom of the email and the temptation to purchase things will be a lot lower.
  10. Don’t buy, Borrow
    It is wise to borrow items that you need temporarily. Going out and buying items you will not use on a regular basis is a good way to spend money unnecessarily.
  11. Pack your own lunch
    The average household spend about $3,154 on food outside of the home each year. Eating out a couple of times a week adds up pretty fast.
  12. Ask about discounts
    It never hurts to ask about any discounts or special offers when you are shopping or going to the movies. A lot of the time they will have some sort of discount or offer.
  13. Lower cell phone bill
    Try a cheaper provider or get rid of all the extra stuff like phone insurance, expensive data plans, and warranties. It may be difficult at first but it will save a good amount of cash.
  14. Try a spending freeze
    Don’t buy nonessential things for a week or month, avoid stores that you cannot resist, and don’t buy anything that is not a basic necessity.