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If you’ve ever found yourself counting your last pennies before payday, you’re not alone. Research shows that more than one in three American workers are living paycheck to paycheck. And have little to no money left for savings after covering their monthly expenses. They’re known as the “working poor”. Yet experts suggest we should be saving around 20% of our salary every month.

With the rising cost of living, that’s easier said than done. But while it’s challenging, it is possible to put some cash away every month. If you think creatively. Someone recently asked “What’s a tip that has saved you the most time or money?” And people didn’t disappoint.

They spilled their secrets, and some are pure genius. Bored Panda has collected the best answers, to help you through these trying times. Don’t forget to upvote yours and please do share your own creative money saving hacks in the comments.

#1

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Get a library card. I've read or listened to over 600 books in 6 years. I've taken courses, got help with tax prep, researched my ancestry, checked out movies, magazines, and CDs, helped a friend attain citizenship, and had my resume reviewed and tweaked - all absolutely free. Most people don't know everything that libraries offer and are sadly underutilized.

Extremely_unlikeable , Abby Chung / Pexels Report

#2

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Store brands are sometimes just as good as name brands.

Mamaofthreecrazies , aleksandarlittlewolf / freepik Report

#3

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Looking at price per Kg/500ml instead of just buying the cheapest. Also adding the items up in your head before you purchase them.

PipeDazzling6860 , senivpetro / Freepik Report

An obvious way to save money is to budget. Instead of just hoping for the best. There are a few strategies you can use when it comes to budgeting. One of them is known as the 50-30-20 rule. Basically, you allocate 50% of your salary toward things you need. 30% goes to things you want. And the remaining 20% is for your savings or investments.

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Then take it a step further by using your some of the tips and tricks on this list when buying the things you need. For example, ordering your groceries online and picking them up. Or not going to the grocery store hungry.

#4

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Never start smoking.

I look at how much cigarettes cost and I am so glad I didn't keep up the habit after trying smoking in high school to fit in with my friends. I didn't like how it made my breath and fingers stink so I only went through two packs, decided it was not for me then never smoked again.

CMelody , SmartSign / Flickr Report

#5

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Buy good tools. C**ppy tools don't last. You wind up paying more over the long term than if you just bought good tools in the first place.

Also good tools make jobs go faster.

BoredBSEE , senivpetro / Freepik Report

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#6

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Replacing shopping as a hobby with actual hobbies.

snarkymlarky , Image by freepik Report

If the 50-30-20 is too rigid, you could try the 80-20 trick. This is when you put 20% of your salary into savings, and spend the rest on whatever you need or want. Either way, financial experts advise that you always try to set aside 20% for a rainy day.

It might seem impossible to save a fifth of your salary every month. But you'll be surprised what you can achieve when you get creative. There are some clever ways to free up your spending money, and use it towards savings. As many of the netizens featured here have revealed.

#7

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Knowing how to sew.

JustJJeal , freepik Report

#8

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work My father telling me to never go to the grocery store hungry. When I first moved out i used to get high and go grocery shopping and spend tons of money on random snacks.

Once I realized the old man was on to something I'd always go grocery shopping shortly after having a meal and spent dramatically less.

D-BO_816 , Image by freepik Report

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#9

Shop second hand first! Very good for the environment and your pocketbook.

Goge97 Report

Are there subscriptions you could do without? Are you wasting money on takeaways? Do you have bad habits (like smoking) that are depleting your bank account? Have you considered making gifts instead of buying them? Scroll through this list and find the tips that work for you. Then implement and stick to them.

#10

Time-shares are a waste of time and money.

HeartonSleeve1989 Report

#11

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Public transportation. This was particularly good for me, as my company pays for my orca pass. It was costing me about $600 a month to drive to work and pay for parking (between gas and parking fees) and the commute was about 2 hours long because of traffic. Since then, parking fees have gone up about 40% and gas prices have risen, so it's probably more. Now I ride the train to work every day and I'm at work in an hour. Doesn't cost me a dime.

SweetCosmicPope , Image by freepik Report

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#12

When you want to buy something (and you earn your wage hourly), consider how much the product would cost in hours worked instead of just the cost in amount.

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If you're already living on a tight budget, another option is to increase your income. Either through a side hustle, by working extra hours at your current job, asking for an increase, or applying for a higher paying position elsewhere. Earning extra money doesn't have to be a painful experience. For inspiration, check out how these people earned quick and easy cash.

#13

To save money, drink water. Don’t order a soda with your meal. It adds up fast.

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#14

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work In all honestly, looking at my spending nearly on a daily basis. It’s easy to forget about the small purchases, and those add up quick.

The more you have your eyes on it, the more you will be on yourself about spending. Then it almost becomes like game or challenge to see how much you can save once you get some good rhythm going.

Probably not the answer you were looking for, but I hope this helps.

ketchupandcheeseonly , wayhomestudio / freepik Report

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#15

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Meal prepping has been an absolute game changer for me.

HannaZukiXOXO , Image by Freepik Report

In the event that you cannot put away 20% of your salary, remember that something is better than nothing. Even if it's $10 or $20 a month, you'll eventually get into the habit of not touching a portion of your paycheck. And the money will inevitably grow. By the time you're able to put away more, it'll hopefully already be second nature.

#16

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Cancel Amazon Prime.

If you find yourself needing/wanting to order something on Amazon, as you check out it will say something like "do you want a free/$X trial of Amazon for free overnight shipping." Accept the offer (if it's less than shipping of course), finish checking out, and immediately go cancel the sub. Cancelling doesn't interfere with your free shipping.

As far as I can tell, you can do this any number of times. The first few times the trial is free. Eventually you do have to pay, but it's still cheaper than keeping an active subscription unless you're buying stuff on Amazon every week.

If you're buying stuff from Amazon every week my money saving tip for you is to stop buying stuff from Amazon every week...

Solesaver , Image by freepik Report

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#17

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Don’t get too attracted on cheap/discounted items. It’s fine to purchase but the question is, do you really need it?

HY90CR1T3 , Kurayba / Flickr Report

#18

Always make a shopping list before going to the store. It keeps you focused, prevents impulse buys, and saves you from extra trips back.

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#19

Using the internet to learn how to do something rather than paying a "professional" to do it for me.

Pitiful_Ambition_950 Report

#20

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Buy the cheapest thing if it’s an experiment; the most expensive if you know you’ll use it forever

praxistat , senivpetro / Freepik Report

#21

Asking myself, “Do I really need this?” before purchases. .

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#22

Depending on where you live, getting a window fan. At night, the inside of my house is insanely hot and the outside is very cool. Opening the windows isn't enough, but a window fan pulls all that cold air in and cools the room within minutes. It has saved me probably thousands in air conditioning costs over the years.

jerwong Report

#23

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Go through your last 3 months of bank statements and see if anything can be dropped you don't need like subscriptions you forgot about. It'll also make you realize what you're spending on.

brokenmessiah , zinkevych / freepik Report

#24

Using reusable shopping bags and containers can save both time and money. Also reducing the need for single-use plastic bags and containers.

AshLustful Report

#25

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Grocery pick up. I don’t go in the stores to shop. I order online and pick up when ready. This way I do not grab things not on my list. Plus I save time cause I’m not walking the aisles…..

missionwonderwoman , Image by Freepik Report

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#26

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work When something breaks. Don’t throw it out. Try to call/email warranty first. A portion of the retail price goes to fund the warranty account.

randomshitifind , bublikhaus / freepik Report

#27

Making gifts. People seem to enjoy them more too.

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#28

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Don't consider the maximum mortgage that you qualify for as your upper range on price. Not that *I* necessarily would have but I would have been completely house poor if I had and I do know a lot of people do fall into this trap.

With our current house we would have qualified for something about twice the price because of all the equity we built in our first house.

Smyley12345 , Drazen Zigic / Freepik Report

#29

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Keeping my freezer stocked with pre-cut veggies to add to easy meals. Mix peppers, onions, etc. Stir-fry mixes as well to add to pastas or eggs or whatever. That and an air fryer, before that my adhd left me almost setting things on fire because I'd forget they were in the oven.

fakeblondeponytail , Image by freepik Report

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#30

Buy once cry once…meaning, buy the quality item the first time instead of the similar but cheaper quality item over and over and over. Kitchen knives, winter coat, appliances, mattress, work boots are quick examples I can think of.

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#31

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Everyone’s saying meal prepping etc. missing the wealth enemy: **cars**.

The difference between a new and a 5-10 year old car could be $50,000.

As long as you don’t make that mistake (most people think they deserve a fancy car), you don’t have to worry about the smaller things as much.

WhenTimeFalls , senivpetro / freepik Report

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Libstak
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

To me a new car is exciting and exotic for the first few drives, but you need it to get somewhere all your life...the best living is at the destination, ultimately you will go to more places, do more things and get more out of actual living with a cheaper car and more disposable cash in your wallet.

nicholas nolan
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

While I am a huge proponent of cheap cars(I will run my 500 until it absolutely disintigrates), there is something EXTREMELY special about a very nice car on a very good road(or, better, track.)

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Otto Katz
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I buy a new car because I don't want to buy someone else's problem. BUT. I drive that new car on average 15 -17years. I think I get my money's worth out of them.

Tabitha
Community Member
1 month ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I’m driving an ‘09 basic economy car (couple steps up but still basic) right now, which I bought brand new, and which is in nice shape considering its age. Working from home for the last four years really lowered my average miles driven per year, and reducing the wear and tear on it. But sometime in the next year or two it will be time to replace it with something new, another basic economy car like I have now, just updated (as I really don’t want or need something fancy or flashy), which will also be driven for well over a decade—-as long as it’s not a lemon.

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Brian
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My wife recently bought a SUV. Yes, it’s 5 years old, yes it has just under 50,000 miles, yes she shopped for 2 months to find it and yes she paid less than half of original price for her Swedish luxury land carriage!

Zoe's Mom
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Not sure where this person lives, but the $50,000.00 seems a bit exaggerated. A car for me is a way to get from point A to point B. I had to replace my 20-year-old car since the engine froze. I knew I was on borrow time with it, so I started to save money for a new car. A 2023 Nissan Kicks ran me $25,800.00 out the door, cash. Long story short, If you can pay outright for a car, do it.

Ace
Community Member
1 month ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Well yes, of course there are many cars that cost less than 50k, but many that cost a lot more. Arguably the most economical way to run a car is to buy at one-two years old, sell at five-ten before it starts costing a lot in repairs. It varies in different countries, depending on how strictly controlled vehicle standards are. For example here in Switzerland cars need a very thorough test every three years or so and need to be pretty much in perfect condition, no rust, no loose bits, etc. so older cars are more expensive to run than in some surrounding countries.

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Learner Panda
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

A new car devalues as you drive it off the forecourt. Also, an older model should have had all the little bugs ironed out.

Data1001
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Having bought used for most of my adult life, I was very happy to be able to afford new cars at a certain point. Used cars are always a risk. But... I think if you stick to purchasing used from a reputable dealer, and not just some schmo on the street who swears the vehicle is in great shape, you'll be a lot better off, and will in most cases be fine. Still a risk, but often worth it when you consider the difference in how much you're paying for it.

Tabitha
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Get the VIN number and check out sites like CarFax or vehiclehistory.gov to see if the car has been in a major accident or had more owners than the salesperson told you. Then look in the most recent Kelley Blue Book for the up to date value, and be brutally honest with the condition to get the actual value. Be sure to test drive it too. Bring along a mechanic friend who can also drive it and both listen and feel for anything weird, as well as look under the hood and underneath to be sure nothing’s worn out or cracked or bent. Don’t be dazzled by the paint job or snazzy styling, or the cup holders, because it’s the engine and frame you’re driving, and they have to bee in good shape to keep you safe. Cars are a big expense, and most of us aren’t in the tax bracket to pay cash for one, then throw it away and buy another if it breaks down or we just don’t like it anymore. So we have to be really careful when buying our cars.

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whiterabbit
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The last two cars I bought had rebuilt titles, meaning they were totalled out then most likely bought at auction from a shop and repaired. They are significantly cheaper and the place you're buying it from will have the info on why it was totalled. My current one is a Subaru with less than 35k miles on it for $13,400. The one I had prior was a 2 yr old Subaru with 30k miles for $14,000, I had it for 4 years with no issues until it was totalled again on a deer.

Guess Undheit
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Cars are a waste, period. If you REALLY need private transport, get a scooter. But use public transport instead - no license, no repairs, no fuel cost, no maintenance, no parking, etc. And no driving either, use your phone safely on the bus or subway.

Vinnie
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My husband rents a car maybe 2-3 times a year. Otherwise, he bikes and we both walk or use public transportation.

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Geoffrey Scott
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

We normally get a 1-2 yr old vehicle, still under warranty. Buy the extended warranty, especially now with modern engineering.

Elchinero
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

"froze"? Learn basic auto maintenance. Like, check oil, water, etc.

Huddo's sister
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Even with the price jump recently, I don't think the small car I bought new in 2016 would have jumped as high as $50000!

I'm a Jimmy
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I’ve been burned buying even 2 year old used cars because so many people don’t take care of cars, and so much damage can be done in a short period of time. My lowest cost strategy is to buy a modest high-quality vehicle (Toyota is best by far, statistically). Change oil frequently (always synthetic), get maintenance done ahead of schedule. Cars will easily last 200k-300k miles without major issues. Bought a Corolla for my 21 year old this year and said, “this should last you till your 35-40yo.”

Zaach
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

With all the safety features that are being introduced, it is not as cut and dried -

keyboardtek
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I just bought a 2013 Toyota Venza that has 125K miles on it. It is in perfect condition. It will last me to 300K miles. Car prices are a rip off these days. So buy an older Toyota, Honda or Subaru if you can find one.

Sky Render
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I prefer to stick to the pre-computerized era of cars. They're still very affordable (though more of them get deemed classic cars every year), and are much easier and cheaper to keep maintained. Get a good brand and year combo (90s Toyota Corolla and Camry models, for example) and you will have a great car for a great price that refuses to die.

WubiDubi
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Miles vs age and on the test drive pop into friendly local garage and ask them to check for any OBD error codes. Also check for corrosion if live near coast.

John Harrison
Community Member
1 month ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

$50,000 is way high, and they're forgetting to factor in repairs.

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#32

Learn to maintain and repair your own vehicles. A little intellectual curiosity here goes a long way.

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#33

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work Set a strict online spending curfew. For me, it's midnight. Absolutely no purchases once the clock hits 00. Obvious exceptions are things like bills or textbooks I forgot to get sooner. But anything I don't need? Nope. Not happening after midnight.

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#34

“The Old Man Was Onto Something”: 35 Money-Saving Tips That Actually Work If you can’t afford two, you can’t afford one.

kannasri , Andrea Piacquadio / Pexels Report

#35

Using a credit card with a good bonus points program. I use it for autopay on monthly bills and all other expenses. I can use that for gift cards or cash back, it's free money. If my card is compromised it doesn't hit my bank account because i never use my debit card for anything.

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