If you’re looking for extreme ways to save money, you’ve come to the right place! In this blog post, we will discuss 21 different strategies that will help you pinch pennies and put more money in your pocket.
Some of these tips may seem a little bit out there, but trust us – they work! So if you’re ready to start saving like a pro, keep reading……
Recommended Resources to Help You Invest, Earn and Save even More!
Banking and Investing: Grab some free Cash & Stocks below!
Join Sofi to start earning more money with SoFi Checking and Savings. You’ll earn up to 4.60% APY and pay no account fees. Use the link HERE to sign up and you’ll get a $25 bonus and up to $300 when you set up direct deposit. Sofi Link
Easily save and invest spare change with Acorns, plus get a $5 bonus investment with this link!
Get 2 gift stocks when you sign up for Robinhood using this link. You can only claim this for a limited time!
Reading:
The Infographic Guide to Personal Finance: A Visual Reference for Everything You Need to Know – READ for FREE with TRIAL!!
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness – READ for FREE with TRIAL!!
The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family’s Financial Health
Budgeting Tools:
Pin it & Share 😎
Why would you want to use extreme ways to save money?
People use extreme ways to save money for a variety of reasons. Some people have a lot of debt and need to find ways to get out from under that debt.
Others may have a large emergency fund they want to build up, or they may be saving for something specific, like a down payment on a house.
Still others may be trying to reduce their expenses so they can live within their means.
Whatever the reason, extreme ways to save money can be very effective in helping people reach their financial goals.
By cutting back on expenses and finding ways to reduce costs, they can free up more money each month to put towards savings or debt repayment. And by being creative and strategic about their spending, they can often still enjoy life while
Extreme ways to save money #21. Live life without a car
If you want to save money, one of the best things you can do is ditch your car. Not only will this reduce your expenses significantly, but it will also help you get in better shape!
If you don’t live in a location where public transportation is readily available, consider moving to a place that does.
Extreme ways to save money #20. Cut out all unnecessary spending
One of the easiest ways to save money is by cutting back on your discretionary spending. This includes things like eating out, going to the movies, and buying new clothes.
Try scaling back on these activities and see how much extra cash you have at the end of each month. You may be surprised!
Extreme ways to save money #19. Cancel your cable subscription
Cable TV can be a major money suck, so if you’re looking to save some cash, it’s a good idea to cancel your subscription.
There are plenty of other ways to watch your favorite shows without forking over hundreds of dollars each year. Try streaming them online or borrowing them from the library.
Extreme ways to save money #18. Extreme Couponing
Extreme couponing is a technique that some people use to get items for free or at a deep discount. It involves clipping coupons from newspapers and magazines, then using them at the store.
The practice has become more popular in recent years due to the tough economy and rising cost of groceries. Some people who extreme coupon say they can save up to 90% on their grocery bill.
Extreme ways to save money #17. Downsize your living space
If you’re looking for ways to save money, one of the best things you can do is downsize your living space.
This doesn’t mean moving into a tiny apartment – it just means getting rid of unnecessary belongings and furniture. When you live in a smaller space, you’ll spend less on rent or mortgage payments and utilities.
Extreme ways to save money #16. Change to energy saving light bulbs
According to energy.gov,
“When you switch to energy-efficient lighting, you can light your home using the same amount of light for less money.
Lighting accounts for around 15% of an average home’s electricity use, and the average household saves about $225 in energy costs per year by using LED lighting.
If you are still using incandescent light bulbs, switching to energy-efficient lighting is one of the fastest ways to cut your energy bills.
For high-quality products with the greatest energy savings, choose bulbs that have earned the ENERGY STAR.”
energy.gov
Energy saving light bulbs like LED’s will help you save money on your monthly utility bills, but they will also help reduce your carbon footprint! Slam dunk!
Extreme ways to save money #15. Start cooking at home
One of the best ways to save money is by cooking at home. Not only is this cheaper than eating out, but it’s also healthier and more sustainable.
If you’re not sure where to start, try checking out some of the thousands of cooking blogs and recipes available online.
Extreme ways to save money #14. Ride your bike or walk instead of driving
If you live close to your workplace or other destinations, consider riding your bike or walking instead of driving. This will help you save on gas money, and it’s a great way to get in shape! Plus, you’ll be helping the environment by reducing your carbon footprint.
Extreme ways to save money #13. Get a roommate
If you’re looking for ways to reduce your living expenses, one of the best things you can do is get a roommate.
Not only will this help you split the rent or mortgage payments, but it will also give you someone to chat with and share household duties with. Win-win!
Extreme ways to save money #12. Cut back on your grocery spending
If you want to save money on groceries, it’s important to be strategic about what you buy.
Try sticking to a list of budget-friendly staples and avoid buying processed foods and luxury items. And always make sure to compare prices before making a purchase.
Extreme ways to save money #11. Avoid impulse buys
One of the quickest ways to blow through your budget is by making impulse buys. If you want to start saving money, it’s important to learn how to resist these temptations. One way to do this is by waiting 24 hours before making any purchases.
This will give you time to think about whether or not the item is really worth buying.
Extreme ways to save money #10. Sell your unwanted belongings
If you’re looking for ways to declutter your home and make some extra cash, one of the best things you can do is sell your unwanted belongings.
You can hold a garage sale, post them online, or take them to a consignment shop. Whatever route you choose, just be sure to get rid of anything that you no longer need or use.
Extreme ways to save money #9. Cut back on your entertainment expenses
If you’re looking to save money, one of the easiest places to start is by cutting back on your entertainment expenses.
This includes things like cable TV, movie tickets, and restaurant meals. There are plenty of ways to have fun without spending a lot of money – you just need to be creative!
Extreme ways to save money #8. Try a no-spend challenge
If you’re looking for an extreme way to save money, consider trying a no-spend challenge. This means not spending any money whatsoever for a set period of time.
You can either do this for a week, a month, or even longer. Just make sure to prepare yourself mentally and emotionally for the challenge ahead!
Extreme ways to save money #7. Cancel your subscriptions
If you’re looking for ways to save money, one of the best things you can do is cancel your unnecessary subscriptions.
This includes things like cable TV, gym memberships, and magazine subscriptions. There are plenty of other ways to get your entertainment and fitness fix, so there’s no need to keep paying for these services month after month.
Extreme ways to save money #6. Brown-bag your lunch
One of the best ways to save money on food is by brown-bagging your lunch instead of buying it from restaurants or convenience stores.
Not only will this save you a lot of money in the long run, but it will also help you stay healthy by eating homemade meals packed with fresh ingredients.
Extreme ways to save money #5. Shop at thrift stores and consignment shops
If you’re looking for affordable clothing and accessories, one of the best places to shop is at thrift stores and consignment shops.
You can find some amazing deals on high-quality items, and you’ll be helping to reduce waste by recycling used clothing.
Extreme ways to save money #4. Get creative with your meals
If you want to save money on groceries, one of the best things you can do is get creative with your meals. This means using ingredients in new and interesting ways, and experimenting with different cuisines. You’d be surprised at how delicious home-cooked meals can be!
Extreme ways to save money #3. Stick to a budget
If you want to start saving money, one of the most important things you can do is create a budget and stick to it.
This will help you track your expenses and make sure that your spending aligns with your financial goals. It may take some time to adjust your spending habits, but it will be worth it in the end.
Extreme ways to save money #2. Negotiate your bills
If you’re looking for ways to reduce your monthly expenses, one of the best things you can do is negotiate your bills.
This includes negotiating rates with your cable provider, cell phone company, and car insurance provider. You may be surprised at how much money you can save by simply asking for a better deal.
Extreme ways to save money #1. Invest in energy-efficient appliances
One of the smartest investments you can make is in energy-efficient appliances. Not only will this help you save money on your monthly utility bills, but it will also help reduce your carbon footprint.
There are a number of great energy-saving appliances on the market today, so be sure to do your research and find the best one for your needs.
Conclusion – Extreme Ways to Save Money
People save money in extreme ways for different reasons and motivations. The key to saving money is being proactive and making a plan.
If you’re willing to make some sacrifices and put in the effort, you can save a lot of money in a short period of time. Just be sure to stay motivated and keep pushing forward!
Now is a great time to start saving money! By implementing some or all of these extreme ways to save money tips, you can start putting more money in your pocket each month. So what are you waiting for? Get started today!
Over to you
Do you have any other extreme ways to save money examples? Please share them in the comments below!
Latest Articles
- Why is Personal Finance Dependent Upon Your Behavior?
- Hosting an Online Garage Sale: Go from Clutter to Cash now
- 11+Cheap(or Free) things to do in retirement: Do more with less!
- Coast FIRE: Path to Financial Independence with Less Sacrifice
- Cash Stuffing Method: The Ultimate Financial Hack You Need to Know
About the Author
Don is a father, real estate investor, self-directed investor and a personal finance enthusiast. He also holds an MBA and loves to share his financial Journey with others.