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For a lot of people, saving $100 a month can be pretty easy. But, for some, especially those living paycheck to paycheck. Saving $100 in one single month can seem almost impossible.

The reality is, a lot of times saving just $100 dollars is not as difficult as it seems. It can actually be done relatively easily.

The best part about saving money is that it can be addicting and have a compounding effect.

If you save $100 for a couple of months it begins to get easier. After realizing that saving money is now easier than the past, You may start saving $150 the next month, and so on and so forth until you’re saving a substantial amount monthly.

So, for my readers who are lost and don’t know how to start saving money monthly. Here are 10 ways I have saved up to $100 dollars in a single month.

10-ways-to-save-100-dollars

1) Digit

Digit is my personal favorite saving app and it is usually my go to when I am recommending ways to save money to people. The reason I love digit is that it allows you to save money in a way that is hardly noticeable. It analyzes your bank account and decides based on your spending habits, how much can be saved without making a drastic impact on you. It then transfers these small amounts from your bank account to you digit where you can earn even MORE with their 1% bonus every few months.

2) Eating out

This is such a HUGE money drainer. Eating out is one of the biggest ways people continue to waste money every week. We are all guilty of it. Eating out is so convenient, and if you’re like me and you can’t cook, then the food probably tastes better too. But, the ugly truth is that more often than not, what you pay when you eat out is WAY more than you would pay for the same food had you cooked it at home. Not only that but in many cases, it is MUCH healthier for you. I have found the best way to do this if you have a very busy schedule is to try and “meal prep”. In other words, prepare your meals beforehand on a day of the week that you have much more free time. Then store these pre-made meals in your fridge or freezer and reheat them for dinner or lunch. This not only allows you to make better decisions about what you eat, but it also can save you tons of money by helping you to avoid dining out.

3) Cancel Cable

If you are paying for cable still, then you may be making a HUGE mistake. A lot of times the cable bill can be one of the highest bills in the household. This is honestly just a bad money move. Especially considering most people never even fully utilize the cable they do pay for. In some cases, you may be better off paying for monthly tv services like Hulu or Netflix.

Even if you think you need cable to watch things like The NBA, NFL, or HBO, thing again! These companies offer monthly streaming services you can use on your phone, tablet, apple tv, amazon firestick, or just your smart tv. And a lot of times if you only watch one or two of the channels often, then just paying the monthly price for these services can be much better on your wallet then paying for an entire cable subscription!

4) Cancel your gym membership

If you never go to the gym, then WHY pay for it every month? Especially if you are a member of a gym with a monthly premium of $25 or more! You are essentially just throwing this money away. The gym company is getting FREE money from you every single month because they KNOW you are too lazy to go up there and cancel it. (It’s okay, I was that person once too…) If you aren’t using it, just go cancel it.

It’s also important to ask yourself if you do use your gym membership frequently, is it still worth it? Are you able to do the same workouts or routines at home? Or are you able to get the same amount of results by exercising somewhere free like the park of your backyard? If you answer yes to either of these questions then it still may be in your best interest to cancel your membership and save that money monthly.

5) Cut out or down on your Vices

It’s sad to say it, but a LOT of people who believe that they cannot save more money every month simply don’t realize that most of the money they could be saving goes to their vices. This means that if you buy a carton of cigarettes every week and you do not have a comfortable savings account, you are not only shooting yourself in the foot physically as far as your health goes but also financially. It may be worth it to take a step back and observe the things you spend quite a bit of money on like alcohol, cigarettes, new clothes, etc.

Sometimes recognizing just how much money you waste on things like this can be all the motivation you need to quit them. Just imagine what you could do with the hundreds of dollars you save every month if you cut out drinking alcohol or buying cigarettes every day. While I recognize a lot of times this is much easier said than done, there are other things you can do to cut down on these costs. Such as rolling your own tobacco, buying a cheaper brand of alcohol, or setting a limit for yourself when you gamble or buy things you don’t necessarily need. This can save hundreds if not thousands of dollars a month depending on your level of dependency.

6) Use discounts when available

Something that really surprised me when I first became an EMT a couple of years ago was that a LOT of places offer discounts to me solely for being an EMT. This was a shock to me and I quickly realized that I could save $2-3 per visit on a lot of the places I went to. But there are more than just discounts for EMTs. There are discounts available at most places for the military, and a lot of places also offer discounts for college students, police officers, and firefighters. If you are someone who fits into one of these categories then it never hurts to ask. Places aren’t obligated to give you a discount, but if you mention it you might be surprised that they offer one!

7) Coupons

One of the most surprising ways for me to save money was using coupons. I have always known there are extreme couponers and such out there and I just always assumed that was way too much work to even worry about. When I would check my mail and see the big old stack of coupons I inevitably get every single week, I would just toss them. But you can really find some gems inside. 

If you ARE going to eat out (and ignore my advice… ouch) then a lot of times you can find much better deals among the coupons for the places you were already going to go to. Or, if you value my advice (thank you very much) you can search through the coupons for the grocery store and begin working on your shopping list that way. 

8) Using a Credit Card

This one often comes as a surprise to a lot of my friends and family when they ask me how they can save more money. The truth is, if you use your credit responsibly, credit cards can be an AWESOME benefit to you. A lot of times credit card companies offer great sign up offers that can really be worthwhile. Like Discover offers to double your cash back at the end of your first year! I LOVED this perk and was surprised by how much cashback I racked up by using my card. 

Besides awesome sign-on bonuses, a lot of companies offer really competitive cashback or miles opportunities. By taking advantage of these every month I easily rack up $20-$50 in extra cash every single month. The best part is, I was going to have to pay for the things I use my card on anyways, but this way I at least earn something for doing it.

9)  Grow your own Food

You would actually be surprised how much you can save by growing your own food. My parents have been avid gardeners since I was a teenager. They always made sure I knew how important it was to grow my own food because you can be sure to care for your crops in a much healthier way than some of the companies that exist. (avoiding pesticides and things of that sort) But what they didn’t tell me is that it can also be a really killer way to save money. If there is a specific fruit, vegetable, or plant that you use often, do some research and see if it is something you could grow yourself where you live. While this does take a little more effort, it can be very rewarding and satisfying to grow your own food at home. 

10) The classic piggy bank

I don’t know if it’s just a guy thing or an immature teenager thing. But several years ago I had this terrible habit of throwing my coins away… Like.. what the heck was I thinking? I couldn’t stand to have change in my pocket and the noise it made jingling in my pocket. Well, one day my best friend just kind of looks at me as I throw my $0.27 cents leftover from my order at this drive-thru and he goes “why don’t you just save that at home in a jar?”

Me being the rational human I am, I thought, “It can’t hurt”.and boy was I right about that! It didn’t hurt at all, it actually helped! 

In just 6 months I managed to save over $137 dollars in change!!

I was so surprised. I still use a classic piggy bank to this day even though most of my transactions are done via card and I’m still baffled at times to how much it adds up to. 

 

There are many many ways to save money out there, and as you continue to save money and focus more on your finances, I guarantee you will continue discovering more. 

I hope that some of these tips I recommended today resonate with you and possibly lit a lightbulb in your head for some new money saving ideas. No matter how you decide to save, it is important that you budget your money, save where you can, and start investing for your future.  

Did I leave out any of the ways that YOU save money? Let me know in the comments how you like to save money or if you already use some of the ones I mentioned. 

Until the next one, 

Noah 

 

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Hey there! My name is Noah Riggs. I have built a life of comfort through money management and simple investing despite growing up poor. I want to share how exactly I did that with the world, so I started this blog and I post unique, humorous, and informative weekly blog posts every single week to share with you guys. I hope you're enjoying them!