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4 Ways To Save Money

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Whether you need to reconsider your spending habits (perhaps after buying one too many pumpkin spiced lattes) or want to have some money put aside in case of an emergency, there are plenty of reasons why you might need to start saving money in 2020. However, it is much easier said than done. We often spend money without even realizing it – for example, buying a coffee every day can cost you around $20+ a week. 

With that in mind, here are 4 easy ways to reign in your spending and save money when doing so! 

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  1. Use Budgeting Apps

Setting yourself a budget can be relatively easy. You simply need to write a list down of everything you need to pay for each month and calculate the total cost. Be sure to factor in some money for leisure activities – such as eating out or visiting the movies – as you should not totally deprive yourself of having fun. You should also ensure this budget covers your monthly bills and expenses. Once you have completed this task, the difficult part lies in actually sticking to the budget and ensuring that you don’t spend more than you mean too. Thankfully, there are plenty of apps that can help keep you on track, such as Squirrel. With these apps, you set yourself a weekly/monthly budget and inform them when you make any purchases. They can send you warnings when you are close to hitting your daily spending limit and offer you great financial advice. 

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  1. Educate yourself

To better manage your money, you need to address any personal finance issues you have and find ways to solve them. For example, if you tend to spend any money you have left after paying rent straight away, then you will probably benefit from putting small amounts of money into a savings account where you will be less tempted to dig away at the funds. 

Thankfully, there are plenty of resources online that provide you with expert guidance on just about any money-related topic – from car payments, mortgages, savings accounts and even setting up retirement funds. 

Websites such as, are great at helping you make smarter financial decisions. From providing valuable insight into how to build an emergency savings fund to online calculators that help you figure out loan payments, investment returns, and just about any other important financial decision you’ll need to make. Even better, their services are entirely free!

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  1. Cut Down Your Costs

Another great way of saving money is through looking through your monthly spends and finding out where you can cut down and how. For example, you may want to pay close attention to your monthly bills. You may want to ask yourself the following questions: 

  • Could you find a better deal for your phone elsewhere? 
  • Are you overspending on your wifi? 
  • Are your energy bills too high?

If you answered yes to any of the above questions, it may be time to search for a better (or cheaper) provider. If you find a better deal, you can sign up with the new company or inform your current provider, who may offer you a newer deal to keep you as a customer. However, if you think your energy bill is too high because you are simply using too much energy – for example, if you keep the heating on because you are always cold, there are plenty of small changes you can make to save money on your energy bills

Furthermore, you should also pay attention to any subscription services you are paying for that you might not be using. For example, there is simply no point paying for a Netflix account if you no longer watch anything on there. Cancel any subscriptions that aren’t necessary or being used – otherwise, they are draining your bank account for no reason!

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  1. Buy second hand

For years, there was often a stigma associated with buying clothes or household items from thriftstores. However, there is absolutely no shame in doing so – in fact, you can often find hidden gems nestled amongst the racks of clothing and furniture, for a very reasonable price. So, whether you are looking for a statement piece of furniture for your living room, or want to update your wardrobe for the new season – visit your local thrift store first! You may also want to look at clothing apps such as Depop, which 

Furthermore, buying clothes second hand also means you are doing your part for the environment, as you are no longer supporting fast-fashion and rapid overproduction. Therefore, it is a win-win situation! 


The opinions expressed here are that of Hello Betty only. While the products in this post were given complimentary for posting purposes, that does not alter our opinion of the product mentioned. Some posts may contain affiliate links. If you have any questions email