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37 Financial Tips For Young Professionals Trying to Save Money

by N/A, 10 years ago | 2 min read

Saving money can be incredibly difficult, but it's all about prioritizing and knowing your options. These tips will save you a buck and your sanity. 

Money saving finance Non-Premium

1. Exercise outside.

Go for a run instead of paying for an expensive gym membership. 

2. Use a rewards credit card instead of a debit card.

Pay it off immediately and rack up tons of rewards and savings. 

3. DIY Detergent

Make your own detergent with this Redditors formula: "It only took me about an hour to make a powdered detergent from Borax, washing soda, and bar soap (one cup, one cup, and ½ bar respectively). There are tons of recipes. This is the one I used. The rough cost estimates for me were 900 loads for about $20. Cheapest equivalent was Aldi's detergent at 360 loads for $25.

4. Try a no-spend month.

Pay your bills at the beginning of the month and then only spend on gas and groceries. 

5. Insulate your home

Insulating your home will help you save money on energy bills. 

6. Ditch your contract.

If you can, pay off the cost of your phone upfront, instead of signing a contract to pay it off over time. 

7. Be aware of the little things.

There are so many small things you can do to start saving energy. Being aware of turning off lights when you leave a room, timing your showers and even carpooling to events with friends and family. 

8. Get a cheap Christmas tree.

You can get a cheap Christmas tree at Lowe's if it has slight defects. 

9. Get a deep freezer.

Deep freeze foods for months when you need to save a little money.

10. Use this cheap and easy meal guide.
11. Never pay full price.

Sign up for emails to find out when things are going to go on sale.

12. Price match

Take advantage of price matching at stores like Walmart and Target to get the most bang for your buck. 

13. Skip the big box supermarkets.

If there is a produce market or asian or hispanic supermarket near you, shop there. They tend to have lower prices, so you'll be able to get more for your money. 

14. Save effortlessly.

Set your bank account so that a specific amount of your income goes straight to your checking account. 

15. Take care of your clothes.

Save money on dry cleaning and replacing items by taking care of your clothes. 

16. Learn how to repair things around your house.

Know how to do basic repairs around the house to save money. 

17. Try alternative means of transportation.

Try walking, biking or the bus instead of driving. 

18. Live within your means.

You might want an expensive, palatial home, but if that's not what you can afford, you should settle for the pretty 1 bedroom apartment.

19. Dry your clothes on a clothes line.

This might seem old-fashioned, but you'll actually save a ton on electricity. 

20. Take free classes online.

Use online resources to take classes from universities around the world. 

21. Make your own furniture.

Refurbish your own furniture to make them look like new. 

22. Plan your big purchases months in advance.

Do your research to make sure you're getting the best deal for your money and make sure you have enough saved in case an emergency strikes right after your big buy. 

23. Ask for returned paint.

You can get paint that has been returned to hardware stores for a steal. The colors can be off, so just make sure you're getting what you need. 

24. Print from work.

Rather than spend money on a printer, paper and ink that you won't use that often, print any paperwork you need at work. 

25. Stock up on vinegar.

You can use it to clean so many things and it's natural, so you're cleaning your house but not using strange chemicals. 

26. Use less.

Be conscious of how much dish soap, detergent, toothpaste and other items you use and try to use less. 

27. Negotiate with companies.

You can definitely haggle with bill collectors and other companies over pricing. 

28. Double check your bills and balances.

Look over your bills for errors to make sure you're not paying more than you need to. 

29. Grow your own food.

If you have the space for a garden, you should try planting your own food to save money. 

30. Drink water.

Sodas and other drinks are much more expensive at restaurants. Opt for water and save yourself some money. 

31. Adjust your thermostat.

And put on or take off a layer of clothes to stay comfortable.

32. Pick your own fruit.

If you live near an orchard or a farm, picking your own produce could save you a ton of money. 

33. Get rid of your cable.

With services like Amazon Prime, Netflix and Hulu, there isn't much need for cable tv.

34. Treat yourself.

Have a day to reward yourself every once in a while, saving can be really difficult, but every dollar gets you a little closer to your goal. 

35. Grow your own vegetables.

Some vegetables can be regrown, if you put their scraps in a cup of water. 

36. Take advantage of Craigslist.

Use Craigslist to find free and cheap things people no longer want, free events in your city or freelance gigs you can do on the side. 

37. Be honest.

If you can't afford to go out with your friends, just tell them. 

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