10 Ways to Save $50 a Month: The Art of Pinching a Penny Until it Screams

The following ten penny pinching ideas will help you save $50 a month but don't stop there! Tell us what you're doing to save even more.

  1. Save up to 50% per month on convenience cleaner cloths by cutting them into half, i.e. dryer softener cloths, face cleanser cloths, etc. Savings: $5 per month
  2. Find more thoughtful gifts and buy when the item is on sale, shop for birthdays and holidays throughout the year not at the time of the events. Savings: $10 per month
  3. Bring your lunch to work once a week instead of eating out. Savings: $7 x 4 weeks = $28 per month
  4. Don't go to the coffee shop on the weekends. Savings: 2 visits @ $2 = $4 per week x 4 weeks = $16 per month
  5. If you carry a balance on your credit card, and you're only able to afford paying the minimum monthly amount, pay weekly installments instead of one monthly payment. For example, if you owe $100 per month, pay $25 per week. Because credit card companies accrue interest daily on your balance, paying only once a month is a huge detriment to your fiscal health. Savings: $10 - $100 per month (or more!)
  6. Instead of a family night out, consider having an old fashion picnic together or a bike ride. Curbing entertainment costs doesn't mean curbing the fun. Savings: $25+ per month
  7. Spend a day cooking meals that can be frozen for later use for your family. Once a Month Cooking, a book by Mary Beth Lagerborg and Mimi Wilson, features grocery lists and recipes to prepare and freeze a month's worth of food for you and your family. Not only are you able to purchase the food in bulk, this method prevents having to throw away any spoiled food. Savings: $50+ per month
  8. If you are a regular monthly book buyer, stop the habit and visit your library instead! If you insist on buying books, buy it used at your local store or online at merchants such as Half.com or Amazon. Even a better idea, how about selling the books you have that you don't need! Savings: $5 - 15 per month
  9. Use less expensive gasoline. If you live in North America and have Internet access, you are able to search for the cheapest gas price in your neighborhood with Gas Buddy, www.gasbuddy.com. Savings: $5 - 15 per month
  10. Use two-for-one coupons when dining out; search for these in local newspapers, flyers, and in your "junk mail." If you are a group of four or more people, consider buying dining certificates at Restaurant.com. After choosing your city and state on the website, you will be presented with a listing of restaurants vying for your dining dollar! Savings: $5- $50 per month
Related Life123 Articles

With a series of simple, painless steps, you can take control of your spending in 30 days and find ways to reduce your personal cost of living.

Over spending can wreck your budget and add stress to your life. Identify the cause of your out of control spending, and get back on track.

Frequently Asked Questions on Ask.com
More Related Life123 Articles

Everyone deserves an occasional splurge, but the added expense can wreak havoc on a budget and lead to feelings of guilt. Say goodbye to the guilt, and hello to these budget-friendly indulgences.

Here's a list of personal budget stretchers. While you may already be doing a lot of these things, I guarantee you'll find at least a few new ideas to add to your growing arsenal.

I have read several articles that tell you how you can save money after you buy a certain product. I myself have even written articles about products that save you money. But, what if you could save money without spending any money?

© 2015 Life123, Inc. All rights reserved. An IAC Company