5 Things You Should Always Make Yourself to Save Money (2024)


We live in an easy fix and quick society. We can swing through the drive thru and pick what we need. We can buy pre-packaged, pre-portioned sizes of snacks. From TV dinners to extra large lattes, convenience is the name of the game. But there are five things you should always make yourself to save money, instead of buying on the go.

In Proverbs 13:11, Solomon the wisest man whoever lived said, “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” It’s oh-so-easy to think that our smallest behaviorsdon’t matter or that we can strike it rich over night. But let’s be honest, our actions do count and very few of us will find a diamond mine in our backyard. You can literally change your world one penny at a time with careful planning and forethought. Here are five spending categories where you should always make the item instead of purchasing items pre-made or out and about.

Breakfast is arguably the most important meal of the day and guess what? It’s the most affordable to make at home, too. Swinging through the drive thru will bust your budget and your pants. From oatmeal to fresh fruit, from eggs to cereal, there are plenty of options to keep your costs under control and fill your belly, too. In our home, we eat oatmeal almost every day which clocks in at around $0.08 per serving. If you compare that to even a $1 or $2 breakfast item, you’re saving a bundle over time. Don’t fall into the drive thru trap. Make and eat your breakfast at home.

What if I told you that you don’t need the majority of the cleaners in your cabinets and under the bathroom sink? You can make almost everything you need from white vinegar and baking soda. Check out10 Frugal Household Cleaning Recipes. You’ll find my favorite ways to clean jewelry, furniture, and even your shower head. Expert tip: the best place to purchase white vinegar is Sam’s Club. I stock up every 3 months or so and use it for everything from the rinse aid in my dishwasher to fabric softener to glass cleaner and more. Not convinced that white vinegar is a good fit for your family? Check out this DIY for Never-Ending Fabric Softener.

Coffee is one of the most overpriced items to order at any restaurant. Even if you’re not ordering a fancy lady drink, you’re still grossly overpaying for your cup of joe. You can even afford to purchase pricier beans and your own syrups if you commit to brewing your coffee at home. Check out thesetipsfor maximizing your savings when it comes to coffee and keeping your pot in tip top brewing shape.

I began making our own laundry detergent out of necessity because of allergies but it has saved me hundreds of dollars over the years. Our basic recipe is 1 c. of borax, 1 cup of washing soda, and 1/2 cup of an oxygen cleaning product (Think Oxiclean). Get this: you only use 1 T of the mix per load. It amounts to a huge savings in the long run. Plus, your supply should last for months, keeping you out of the store and away from impulse purchases.

I’m not evening kidding when I say it costs me less than $10 to make enough dishwashing detergent to last an entire year. The full recipe and complete tips can be foundhere. The basic recipe includes a box of Borax, a box of Washing Soda, three cups of epsom salts, and twenty packets of lemonade drink mix. I only use about a teaspoon of the dry mix per load of dishes.

DIYing doesn’t take that much more time, I promise. And the dollars you save can be put toward things you’re much more passionate about – like paying off debt, saving for retirement, or planning a great vacation – all of which you’ll enjoy more than the ease of the moment.

Being frugal does not mean you haveto be miserable. In fact, the root word of frugal is frui – which means to enjoy! When you make the most of what God has given you, you can begin to enjoy all He has for you. Sure, it could meansacrificing convenience now and then but when you begin to apply these methods to your daily life, you’ll feel the gain and will rarely return to purchasing these items again.

Our lives are made up of thousands of small decisions. Each seems like it will have little impact but the sum results just might amaze you.

My book is now available:Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.You can also check outInspiration to Pay Off Debt: 30 Days of Encouragement from the Queen of Free5 Things You Should Always Make Yourself to Save Money (5)on Kindle.

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!

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5 Things You Should Always Make Yourself to Save Money (2024)

FAQs

What are the 5 steps to save money? ›

5 simple steps to start saving
  • Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  • Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  • Make saving automatic. ...
  • Keep separate accounts. ...
  • Monitor & watch it grow.

What can I make myself save money? ›

Foods to Make from Scratch
  1. Refried Beans. These homemade refried beans are a regular staple in our house! ...
  2. Homemade “Bisquick” Mix. I've saved so much money by using my homemade Bisquick mix! ...
  3. Yogurt. ...
  4. Bread Crumbs. ...
  5. Cream Soup. ...
  6. Healthier Alfredo Sauce. ...
  7. Enchilada Sauce. ...
  8. BBQ Sauce.

What is the 50 30 saving rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the rule of 5 savings? ›

How about this instead - the 50/15/5 rule? It's our simple rule of thumb for saving and spending: aiming to allocate no more than 50% of take-home pay to essential expenses, 15% of pre-tax income to retirement savings, and 5% of take-home pay to short term savings.

What is the 5 savings challenge? ›

Five dollar bills can add up quickly. Just putting aside two $5 bills a week will give you $520 in savings after a year. And since the amount is fairly nominal, your savings can grow without even missing your $5 bills. A valid starting balance is required.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How do I train myself to save money? ›

6 ways to train your brain to save money
  1. Envision the future. ...
  2. Appreciate what you already have. ...
  3. Delete and unsubscribe. ...
  4. Only use money you've already got in the bank. ...
  5. Create separate savings accounts for separate expenses. ...
  6. Call your friends more often.

How do I save money daily? ›

12 ways to save money every day
  1. Join loyalty programs to reap rewards.
  2. Shop with a cash-back credit card.
  3. Cancel subscriptions you aren't using.
  4. DIY when you can.
  5. Set up automatic bill payments.
  6. Switch bank accounts.
  7. Look for extra cash in your budget.
  8. Carefully scrutinize your spending.
Mar 31, 2023

Can you live off $1000 a month after bills? ›

Getting by on $1,000 a month may not be easy, especially when inflation seems to make everything more expensive. But it is possible to live well even on a small amount of money. Surviving on $1,000 a month requires careful budgeting, prioritizing essential expenses, and finding ways to save money.

Is $4000 a good savings? ›

Ready to talk to an expert? Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

How to budget $4000 a month? ›

How To Budget Using the 50/30/20 Rule
  1. 50% for mandatory expenses = $2,000 (0.50 X 4,000 = $2,000)
  2. 30% for wants and discretionary spending = $1,200 (0.30 X 4,000 = $1,200)
  3. 20% for savings and debt repayment = $800 (0.20 X 4,000 = $800)
Oct 26, 2023

What is the 50 15 5 rule for saving and spending? ›

It's our simple guideline for saving and spending: Aim to allocate no more than 50% of take-home pay to essential expenses, save 15% of pretax income for retirement savings, and keep 5% of take-home pay for short-term savings.

What is the 30 20 10 rule saving? ›

The most common way to use the 40-30-20-10 rule is to assign 40% of your income — after taxes — to necessities such as food and housing, 30% to discretionary spending, 20% to savings or paying off debt and 10% to charitable giving or meeting financial goals.

What are the 4 steps to saving? ›

Let's start with your monthly budget.
  • Step 1: Make a budget. A written budget maps out your income and expenses by showing where your money goes, month-to-month. ...
  • Step 2: Plan your savings. That extra money can build for the future. ...
  • Step 3: Manage your debt. ...
  • Step 4: Invest.

What is the 10 rule for saving money? ›

Key Takeaways:

The 60/30/10 budgeting method says you should put 60% of your monthly income toward your needs, 30% towards your wants and 10% towards your savings. It's trending as an alternative to the longer-standing 50/30/20 method. Experts warn that putting just 10% of your income into savings may not be enough.

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