Top Money-Saving Tips

September 12, 2016, In: Finance

Did you know that the average person only has enough money to pay the rent or mortgage for one month if they happen to lose their job? That’s how much savings most of us have- enough to live one for a month.

As people are increasingly concerned about having the latest and greatest smartphones, the best shoes, and Instagramming the best vacations, this spending is masking the fact that many of us are not doing too well financially.

Here are some top money-saving tips:

Cut up the cards

If you haven’t yet cut up your credit cards, you should probably do that soon. Not only do they have very high interest rates, but using them can become like a black hole. What happens is you’ll typically use them the first time, vowing to pay the balance back by the end of the month, but when an unexpected bill comes in, you end up only paying the minimum amount, and let your card bail you out, time and time again. What’s worse, is that many people get multiple cards for this reason, telling themselves that they’re building up their credit rating.

The answer? Shop around. Many credit card companies and banks will allow you to consolidate your credit card debt onto their card, and then will give you an introductory interest-free period so you can pay off the balance (instead of only paying off your interest every month). Once you’ve paid off your cards, commit to only using debit cards and only buying things you can afford to pay for in cash.


Use Coupons

Coupons are an excellent way to save some serious money- money that can then be put straight into your savings account. If you know you need to buy something in particular, such as new blinds, using coupons can save you a lot of cash.

Be sure to check out Groupon Coupons, as there are thousands of coupons available for some of the most popular stores, meaning if you need to shop for anything from new clothes for the kids, groceries, or products for the house, you’ll get a great discounted rate online.

Stay in

If you haven’t yet heard, staying in is the new going out. No longer do we need to motivate ourselves to go out and make awkward conversation (something that introverts in particular have no desire to do), and instead, more and more people are choosing to skip the loud bars and overpriced drinks, and sit on the couch with Netflix instead. While this will obviously save you plenty of money, for those who prefer to at least be a little social, let your friends and family members know that you’re trying to save.

Instead of going out for dinner, arrange to have a pot luck, and have everyone bring a dish. Or have a games night with some old-school board games and snacks, or a movie night with those classic movies you keep meaning to rewatch.


I wanted a website that encompassed everything being a modern, independent woman is for me. Savvy Dames are women who are independent, chase their dreams, connected with technology, focused on their health and fitness and love to travel. Maybe you're not quite there yet, but working towards it. This blog is a resource for expert Savvy Dames, to works in progress. Feel free to browse my blog posts or drop me a note. I hope you enjoy my blog.

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