[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/personal-finance\/saving-and-budgeting\/how-to-be-a-better-saver\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/personal-finance\/saving-and-budgeting\/how-to-be-a-better-saver\/","headline":"29 Ways to Be a Better Saver (Even If You’re a Spender)","name":"29 Ways to Be a Better Saver (Even If You’re a Spender)","description":"Money saving is a problem. In fact, it\u2019s a huge issue, source of stress,...","datePublished":"2018-12-17","dateModified":"2022-08-10","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/12\/money-saving.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/12\/money-saving.jpg","height":667,"width":1000},"url":"https:\/\/moneydoneright.com\/personal-finance\/saving-and-budgeting\/how-to-be-a-better-saver\/","about":["Saving Money"],"wordCount":3020,"keywords":["schema"],"articleBody":"Money saving is a problem. In fact, it\u2019s a huge issue, source of stress, and lifelong goal of almost everyone at some point in their life.Once we have money, it\u2019s all about what to do with it.Do you find yourself thinking that once you get your paycheck, you\u2019re going to buy that thing you really love? Do you find that a $20 bill in your pocket burns and you just can\u2019t wait to spend it?Or, do you find that you don\u2019t really need anything that often? That you like to watch your money slowly accumulate over time?Clearly, those are two polar reactions to the very simple matter of having money.The real question here is: To spend or not to spend? Money saving is the answer.Table of ContentsToggleSpenders vs. SaversThe Importance of Changing from a Spender to a SaverHow to Stop Being a SpenderHow to Save Money (When You Spend It)How to Shuffle Money to SavingsHow to Prepare for Success (Spending Less Money)Things to Remember While SpendingExtra Money Saving TipsHow to Save Money at HomeThe \u201cBecome Better at Saving Money\u201d MindsetSpenders vs. SaversThat question is actually a lot harder to answer than it first appears.Not only does it depend on the financial need, but it also depends a lot on the psychology of the person spending the money.Generally, you can think of most people as spenders or savers. Here is a general breakdown of the hallmarks of each spending type:Spendersbuy first, ask questions later.are fans of using credit cards.delay planning for the future.may feel guilty about overspending.can\u2019t save much, even when they try.Saversplan most purchases.put goals ahead of impulse buys.minimize debt.may feel guilty spending at all.save to the detriment of having fun in the moment.So, which one are you? If you answered spender, you\u2019re not alone.According to a Consumer Credit report, 34% of people call themselves \u201cspenders\u201d while only 8% of people would call themselves \u201csavers\u201d (the other 58% try to save but splurge occasionally — a grey area).The Importance of Changing from a Spender to a SaverBeing a spender isn\u2019t necessarily a bad thing — as long as it\u2019s tempered with saving as well. It\u2019s when a person only spends that problems can arise.Spending all immediate funds — and sometimes even loaned funds — means that not only is that person currently going to have stress from money, but they are also saving less for cars, homes, or retirement.For instance, according to that same Consumer Credit report, 43% of spenders do not have money left in their accounts after bills are paid, compared to only 5% of savers.That means that in the case of an emergency, savers will have the immediate funds while spenders won\u2019t.Also, the report found that because spenders live more in the present and savers keep an eye to the future, it\u2019s no surprise that spenders have different long-term priorities.For instance, only 47% of spenders are saving for retirement compared to 70% of savers.How to Stop Being a SpenderAt this point, you may be saying, \u201cOkay! I\u2019m a spender! How do I become a saver?\u201dThe best advice for how to stop being a spender is to practice active saver tips and tricks at home, before shopping, during shopping, and even afterwards.There are lots of tips for how to save money fast and how to become better at saving money. We\u2019ve compiled our most effective strategies below.With over 25 of them, there\u2019s sure to be a few methods which you can easily implement into your own life.Take control of your finances and learn how to stop being a spender today.How to Save Money (When You Spend It)1. Literally Get Paid to ShopDid you know there’s an app that gives you gift cards simply by walking into stores?You don’t even have to buy anything!It’s true!So whether you’re a mall rat or just somebody who goes shopping every now and then, you stand to make a little extra cash this way.2. Earn Cash BackAnother great option is Ibotta.When you buy something, take a picture of the receipt then upload it to Ibotta.The app will give you cash back on what you bought.The money you make can be delivered via Venmo, PayPal or gift cards.If you\u2019re going to buy items anyways, you might as well earn money back! It\u2019s silly to not do so.3. Make $36 for Spending MoneyMany brands, such as Amazon, get a better view of their demographic and audience by simply asking to see purchase histories.The app ShopTracker does just that.ShopTracker allows you to share your Amazon purchase history and make $36\/year doing absolutely nothing different than normal.Make just under $40 for doing essentially nothing.4. See Where You Can SaveSometimes, we don\u2019t know where to start.Use Cushion, an app that analyzes your spending habits and determines where money can be saved.Not only that, but Cushion can cancel subscriptions, negotiate bills, find you better car insurance and more.Becoming well-informed about your current spending-saving status is the first real step in changing from a spender to a saver.5. Get Paid to ShopAre you an online shopper? Then this one is for you.All you need to do is sign up on Rakuten (formerly Ebates) then shop online at the hundreds of retailers on their app.When you make a purchase, anywhere from 6-12% cash back will be applied. Every quarter, that cash comes as a PayPal sum or a check.Some of the available stores included through their app include: Macy\u2019s, Sephora, Neiman Marcus, Bed Bath & Beyond, Best Buy, L.L.Bean, JCPenney, Dick\u2019s, ULTA, aerie, GAP, Overstock, Michael Kors, Forever 21, Under Armour, UGG, Ralph Lauren, and CVS.6. Eat at a Specific RestaurantAre you a foodie? Do you gain a lot of satisfaction from a good meal?Are you wondering \u201cHow can I save money on food without sacrificing quality?\u201dYou\u2019re absolutely not alone.If you\u2019re a spender with a sweet spot for eating out (who isn\u2019t?) then the Seated app is going to be your new best friend.Log into the app and see which specific restaurants it will pay up to 30% cash back for you to eat at. Earnings are paid in gift cards.How to Shuffle Money to Savings7. Automate Your SavingsIf you\u2019re looking for how to save money each month, setting up an automatic savings system is a good way to go about it.For example, Chime is one of the fastest-growing bank accounts in America and the reason it\u2019s on this list is because of its Automatic Savings feature.Picture every time that you spend money or get paid money, an app puts some of it into an automatic savings, which it is curating on your behalf.It\u2019s a way to grow your savings with minimal effort.8. Play Savings GamesYou can play an actual game with the Long Game Savings app.Long Game Savings is a savings account with fun games attached.The more money you save, the more chances you get to play the games which have rewards in cash and cryptocurrency.The prizes even go up to $1,000,000!9. Take Bite-Sized ChunksThe idea here is to set aside a percentage of every purchase you make.Let\u2019s say you decide to set aside 10% of everything you buy.If you pay a $50 pair of jeans, then take $5 more and put it into a savings jar.It\u2019s also a great way for you to see just how much you\u2019re spending each month and how to save money.10. Set Aside More Money Each WeekA great way to become better at saving money is to make it a game.Challenge yourself to set aside more than you saved before.For example, the first week, maybe you save $5. Then, the next week maybe $10. And so on.Even if you increase the amount just by a dollar or two, within a year that will add up to real savings.How to Prepare for Success (Spending Less Money)11. Set GoalsHalf of the battle when trying to save money is preparation.Just like how people trying to eat healthy meal prep before the stressful week starts, so too should a person plan and prepare for what they need to buy both before going into a store and also in terms of long-term goals.If you need some help, Varo Money is a great place to start gaining money saving tips.It\u2019s a bank account which tracks your leftover money.Varo Money also has a handy budgeting feature which guides you in setting goals and tracking spending to make sure you\u2019re on track.12. Budget Your Day, Week, MonthAs a spender, you might not like a budget at first because the entire point of it is to limit your spending. It\u2019s all about perspective.Instead of seeing it as a negative keeping you from spending money, see it as a way to become better at saving money for life events (marriage, retirement) and big items (car, house).So, sit down and get to writing out what you absolutely need to spend money on (rent, food, utilities, transport to work).Make sure to leave a little extra money for fun activities so you\u2019re not completely deprived.Eating out with friends occasionally is a good example.13. Make a Shopping ListOne of the most effective ways to save money fast is to not spend it.Before you go shopping, write out a shopping list of exactly what you need.Promise yourself that you will only get the items on the list and nothing more.You can even make it a game to see how quickly you can get in and out of the store.Things to Remember While Spending14. Use CashAs you may already know, spending more money with a credit or debit card is a very dangerous reality.Instead, leave your cards at home and just bring around the amount of cash you will need, plus a small bit extra.Then it becomes impossible for you to overspend.15. Shop with an Accountability PartnerChanging from a spender to a saver is difficult — so enlist help.This may seem unnecessary to you at first, but it\u2019s really not.Shopping with another person who knows your savings goals and the current items you actually need is really helpful.That person can tell you that no, you don\u2019t need a third ugly holiday sweater.They can remind you that you\u2019re saving for a house\/car\/vacation\/retirement instead.Basically, they\u2019re playing the role of good angel on your shoulder.16. Know YourselfEveryone has their own favorite stores, also known as danger zones or forbidden forests.Don\u2019t go in there. Don\u2019t go into the store where you love everything and then force yourself to walk through the aisles and then not buy anything.That masochistic behavior is a good way to either break and splurge or make yourself feel rotten for trying to save, neither of which are good.Just avoid your favorite stores, if you can.17. Forget Brand NamesThese days, with so many options made available through the Internet, it really is unnecessary to exclusively buy brand names.Often, those brands are overpricing those items for no reason. If the item is a laptop, which you will use every day then sure, the extra money may be worth it.But for other smaller items that are less integral, there\u2019s no need. Buying smaller brands will save you a lot of money.Extra Money Saving Tips18. Forget Extended WarrantiesYou may very well be thinking, \u201cWhat? Why are we getting rid of the insurance?\u201d but there\u2019s actually two very good reasons.First, when buying something, you should always try to get the best quality you can (this does not mean a name brand — they are not mutually exclusive).This means that if it good quality, it most likely won\u2019t break within that year of extended warranty.Second, for many of us, we decide to trade in older models for newer ones.If this is the case, why would you need an extended warranty on top of the current one?You\u2019re just going to trade it in soon anyways.19. Buy Secondhand TechWhile we\u2019re on the subject of tech, consider buying secondhand instead of new.As we just mentioned, many people love to trade in their gadgets for the newest model.That means there\u2019s an entire range of year-old gadgets which are being sold. If you don\u2019t mind not having the newest item, then it could save you a lot of money.Also, for items like iPods, portable batteries, external memory, and DSLR cameras, consider getting a refurbished one from Amazon.They are usually pretty good about making sure the refurbished quality is high.20. Spend on What You Value MostThis money saving tip may seem counterintuitive, but actually it softens the impact of daily saving.If you save all of the time and are really careful about where you\u2019re spending your money, then it is completely fine to spend on what you value most.The idea of \u201cwhat you value most\u201d means an item or experience which actively adds to your life happiness or contentment.This could be a family trip, a vacation, a monthly coffee at your favorite caf\u00e9, a monthly new book, etc. Saving for that special thing makes it that much sweeter.21. Choose Cheaper TransportIn this day and age of rideshare services, it may seem like transport has never been easier. But that convenience is also eating into our bank accounts.A way to save money each month is to stick to public transport, biking (crazy!) or even carpooling with people from work.It\u2019s cheaper and also better for the environment.How to Save Money at Home22. Cook at HomeThis should not be surprising to anyone.One of the best ways to save money on food is to make it at home.We all know it is cheaper, and often healthier, to eat at home.If it\u2019s a matter of being exhausted from a long day\u2019s work, try to meal prep on the weekends, making lunches and dinners for the week so all you need to do is microwave them later.23. Buy Eco-Friendly AppliancesAnother money saving tip is to buy eco-friendly appliances when you shop.Whether you\u2019re buying new or secondhand, take a moment to Google their energy ratings, if they aren\u2019t already displayed.This will help you save money each month without doing anything extra.24. Cancel SubscriptionsTake a good look at any recurring costs other than the necessities such as rent, car insurance, utilities, and so on.If you\u2019re paying monthly fees for a gym membership when you never go, or to a newspaper you barely read, then it\u2019s time to cancel.25. Charge Your Bad HabitsIf you need that extra boost, or you love a good bet, then this is a money saving trick for you.Write down a little list of your bad habits. Examples: snoozing your alarm, not going to the gym, taking the car to a nearby shop instead of your bike.For each bad habit, set a fee ranging from $1-$10. Then, if you do the bad habit, you have to put that money into the naughty piggy bank.It\u2019s a great way to save and also motivate yourself to improve your habits.The \u201cBecome Better at Saving Money\u201d Mindset26. Cultivate PatienceWhile practicing patience is a good life skill, here we mean that being patient can save you a lot of money.Here\u2019s two quick examples for how to save money by going slow.First, when shopping, if you see something you like, wait on it. Go to another store and think if you really need it.If you forget about it soon, then it wasn\u2019t that important. Your patience is showing you where your priorities lie.Second, having the patience to wait for sales can save you hundreds of dollars.If you want an item, especially anything over $50, it would benefit you to wait until a holiday or even Black Friday\/Cyber Monday to buy it.27. Be HonestMany spenders tend to hide what they spend so that it feels like they really didn\u2019t just buy that thing they don\u2019t really need.Be more open and honest with your spending and keep yourself accountable.Honesty here is the best policy for your wallet and future goals.28. Find Your \u201cWhy\u201dDelve deep into the reasons why you might be shopping.Changing from a spender to a saver involves knowing your triggers.If you need an item, that\u2019s one thing. If you\u2019re going into a shop just to look around, browse or \u201cget a few things\u201d which you don\u2019t really need, ask yourself why.Are you stressed? Are you angry, anxious or pissed off?Is shopping a way of letting out that frustration or of making you feel good? If so, try to redirect that energy into something else and save your wallet from angry purchases.29. Ignore Peer PressureWe\u2019ve all been in a situation where other people have the newest, coolest or most hyped item.It may be coveted by your friend group and you may feel pressured to buy into it. Don\u2019t!There\u2019s no need to go along with what everyone else is buying.Everyone has different life goals, so their saving plans are different too.Don\u2019t stress about matching them because you\u2019re both on different savings journeys.What about your money saving habits? Do you have any other tips we haven\u2019t tried?Let us know in a comment below!"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Personal Finance","item":"https:\/\/moneydoneright.com\/personal-finance\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Saving And Budgeting","item":"https:\/\/moneydoneright.com\/personal-finance\/\/saving-and-budgeting\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"29 Ways to Be a Better Saver (Even If You’re a Spender)","item":"https:\/\/moneydoneright.com\/personal-finance\/saving-and-budgeting\/how-to-be-a-better-saver\/#breadcrumbitem"}]}]