If you have little to nothing in your savings account, youre not alone.
In fact, a recentBankrate surveyof 1,000 people found that 23% of respondents had no savings at all.
It may be daunting trying to save money fast, but its not impossible.
Tia Chambers, of Indianapolis, Ind., switched her home and auto insurance to one company to save money. Photo courtesy of Tia Chambers
Here are 43 tips to help you save money quickly.
But you’ve got the option to do better than that.
These tips will help you cut the fat from your monthly budget.
1.Cancel subscriptions and memberships that arent essential like that meal-kit service and gym membership.
There may even be subscriptions you didnt realize you were still paying for.
The average American has $270 in subscriptions per month.
No Interest Til Almost 2027?
Did you know?
10.Save on housing costs bylisting a room on Airbnbor getting a roommateto split expenses.
If you list a room, youll want to verify to have your landlords approval.
Dont make any large purchases on your credit card or take out any new loans.
Where you might make a change?
Buy staples like oatmeal or rice in bulk.
And check out these tips and tools tosave money on groceries.
Prepare several meals at the start of each week.
Plan meals that have minimal ingredients, and ignore recipes with high-cost ingredients.
16.Avoiding drinking your potential savings.Drink water instead of buying soda or juice.
Nix the bottled water, and go with filtered water or tap instead.
Make your own coffee to avoid the high prices at coffee shops.
Heres how you’re free to reduce those expenses.
17.Carpoolwith your co-workers or neighborswho work close to your job.
Split the costs of gas, tolls and parking.
19.Fuel up for less.Use apps likeGasBuddyto find the cheapest gas when its time to fuel up.
Or sign up for afuel rewards programthatll save you money on frequent purchases at a given gas station.
21.Set up direct deposit to put a certain percentage of your paycheckinto savings each time you get paid.
Its a simple way to set money aside before it reaches your checking account.
23.Downloadsavings appsthatll help you save money without even thinking about it.
Better yet, double-check its a high-yield savings account so that youll earn more interest.
25.Temporarily pause or lower contributions to long-term savings vehicles like your retirement account or kids college fund.
26.Save any extra money you might get whether thats a work bonus, side-gig income or birthday cash.
You have to have the right frame of mind.
Here are some tips to help you become a saver instead of a spender.
27.Find ways to enjoy your downtime without spending money.Go to the park or the beach.
Take a walk with a friend instead of meeting up for lunch or drinks.
Host apotluck dinnerorgame night.
Check out DVDs from the library instead of going to the movie theaters.
Attend free events in your city.
You wont be able to purchase the item for however long you determine you want to freeze the purchase.
29.Switch your spending over to a cash system.Put cash inenvelopes for each budget category.
Handling cash for each transaction helps you easily see how much money is being spent.
Once youve spent all the money in that budget category, thats it for the month.
31.Commit to ano-spend challenge,where you nix all spending outside of essentials and planned purchases.
Get comfortable telling yourself (and others) no, and watch your savings blossom.
32.Manually track your spending.R.J.
33.back up your change.After you buy something,set the spare change asideto deposit into your savings account.
Sometimes, you just want to treat yo self.
Or perhaps youre trying to save money during the holidays but dont want to be a complete Scrooge.
These tips will help you save even while you spend.
34.Never buy anything full price.Email the manufacturers of your favorite brands toask for coupons.
UseGrouponor look for promotions for special discounts when dining at a restaurant or planning an outing.
Take advantage of senior, student or military discounts, if any of those apply to you.
35.Check old gift cardsto see if you have money left over to spend.
37.See what you could get without spending any money at all.CheckCraigslistor your localBuy Nothinggroup on Facebook for free items.
Barter services like babysitting or lawn mowing with family, friends and neighbors.
38.Findgreat deals at dollar storeson items like greeting cards, party supplies and even socks.
When you shop elsewhere, save money by choosing generic brand products.
39.Open a rewardscredit card that earns cash back just verify to pay off that credit card purchase ASAP.
40.Limit gift giving.Spend time with loved ones for birthdays, Christmas and other holidays instead of giving presents.
Or if you do give presents, choose to exchange DIY or very inexpensive gifts.
Use all that additional income from your side business to pad your savings.
You could also sell unwanted items oneBay, at a local consignment shop or by having a garage sale.
Check theNational Association of Unclaimed Property AdministratorsorMissing Moneyto search for potential unclaimed money with your name on it.
Nicole Dow is a senior writer at The Penny Hoarder.
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