It’s important to save money wherever you can, but never more than during economic difficulties. There are many ways to save money and there is no one-size-fits-all solution. Everyone has different priorities, but here are some ideas that can help you find ways to save in 2023.

Create a budget and stick to it.

When you’re trying to save money, it’s important to create a budget and stick to it. You can make a budget with an app or on paper, but make sure you’re tracking everything! It’s important that your budget account for all of your expenses so that you know exactly how much money is coming in (or going out).

You may need to adjust your budget if something comes up unexpectedly. For example, if the car breaks down and repairs cost more than originally anticipated, it may be time to cut back on some things like eating out or taking trips until the car is fixed.

Wants vs Needs

The first step to saving money is learning how to distinguish between wants and needs. A want is something that you desire, but is not necessarily essential to living a good life.

For example, do you really need a new computer right now? Or is your current one still working well and sufficient for now? Another example is wanting a new car, but the one you’re driving now is pretty solid, even if it doesn’t have all the latest features.

When you are trying to save money, it’s important to make sure that the overwhelming majority of your purchases fall into the “needs” category rather than the “wants” category.

Budgeting Apps

There are a variety of budgeting apps out there that can help you stay on track with your saving goals. Some are free and some have a monthly fee, so it’s important to do your research before deciding which one is right for you.

Some of the best budgeting apps will be more suited to certain types of budgets than others. For example, if you’re looking for something free, then Mint may be perfect! It’s great at tracking your spending habits and helping you create a realistic monthly budget based on how much money is coming in and going out each month.

If paying for an app that does everything for you (and won’t let you forget about paying bills) is the right type for you, then YNAB may be an option for you. This app syncs with over 200 financial institutions and gives users daily reminders to log their purchases as they happen—no more surprises when you check your balance.

Get Out of Debt

The first step to saving in 2023 is getting out of debt.

In order to do that, make a list of all your debts and set up a budget. Then, make minimum payments on all debts except the smallest one—this way, you’ll always be paying down at least one debt. Once you’ve paid off the smallest one, apply the money you paid for that payment to your next smallest debt until it’s gone, too—and keep going until you’re free!

Take Advantage of Online Grocery Shopping

  • You can avoid impulse buys at the store by doing most of your shopping online. Many grocery stores and big box retailers have weekly ads that let you know what’s on sale, so check those before creating your list.
  • Make a menu for the week—you can create a menu around sale items you normally eat. A written menu will help you create a detailed shopping list, helping you to stick to your budget.
  • Most grocery stores offer digital coupons that can be applied to your online grocery order, saving you even more!

Evaluate Cable, Streaming TV, and other Subscriptions

If you’re still paying for cable or satellite TV, now is the time to evaluate your subscription. How many channels do you actually watch? Are there any services that can replace those channels in terms of quality and price?

Once you’ve done this, take a look at other subscriptions: music streaming services like Spotify or Apple Music; video streaming services like Netflix and Hulu; online gaming. Are there any you can eliminate? You can also check for bundles for these subscriptions that might save you money.

Save on Utilities:

  • Use LED bulbs. A bigger initial investment that can make a significant and immediate impact on your electric bill.
  • Lower the heat by as little as 1º in the winter; set the air conditioning 1º higher in summer.
  • Turn off lights and appliances when not in use.
  • Unplug things like small appliances and chargers for phones and tablets. If you’re going to be gone for a weekend or longer, unplug TVs, microwaves, and so on. especially if you are not planning to be home for longer periods of time, like overnight or weekends
  • Also, make weekly maintenance inspections.
    • Make sure your air conditioning/furnace filter is clean
    • Check doors and windows for gaps and damage
    • Repair leaky faucets and running toilets
    • Wrap tank water heaters

Whether electricity, gas, or even water, making small changes and keeping up with maintenance can make a big impact on your monthly bills. There are many more ideas of things you can do around the house to save money–a Google search will yield plenty of results.

Make Your Savings Deposits Automatic

If you want to start saving more money, one of the best ways is to make your deposits automatic. Having the money go straight to savings before you even realize its there can make saving easier.

In order to set up an automatic savings plan, choose an account with a higher interest rate than your checking account. Then see if you can set up an allotment through your employer. If that isn’t an option, you can set up an automatic transfer from your checking to your savings every month.

Limit restaurant meals to once a week.

You’ll save money by cooking at home instead of ordering takeout or going out for dinner every night of the week. Cooking meals at home allows you to avoid unhealthy ingredients that could lead to weight gain over time (and therefore increase your chances of developing diabetes).

A weekly meal plan can help you avoid the “there’s nothing for dinner” dilemma, making it easier to avoid grabbing fast food out of desperation.

Review your insurance policies.

Review your insurance policies. Now is a good time to look into what you’re paying for, and how it compares to the competition. It’s important to note that while most insurance companies offer similar coverage, they vary widely on price and customer service experience. Shop around, but don’t just focus on price — think about what kind of policy would best suit your needs.

Switch Service Companies

One of the best ways to save money is to switch companies. This can involve a lot of legwork, but if you do your research, it’s definitely worth it.

First things first: what service are you looking to switch? Are you looking for better mobile phone deals or Internet deals? If so, be sure that the new company offers better deals than what you have now. Remember that each company has different payment methods and costs associated with their services. Do not just assume that because some companies offer lower prices on one item (like the internet), they will also offer lower prices on other services such as cable TV or home security systems!

When choosing a new service provider, make sure they will meet all of your needs while still being affordable enough so that any savings can be applied elsewhere in your budget!

Always look for Coupons and Discounts Before You Purchase

If you’re planning to spend money on a product, it pays to find coupons and discounts first. It’s easy to get carried away by the excitement of finding a great deal, but sometimes the best deals are ones that can be found at stores where you already shop. gives consumers discount codes and coupons for hundreds of products in all types of categories, including food and beverages, health care products and even clothing for kids or adults! Creating an account with means you can save coupons to your account and be notified when new offers become available—this is great if there’s something specific on your list.


We hope that you found this list of tips useful, and we encourage you to keep them in mind as you begin working on your budget for the new year. We’re confident that with these suggestions, it will be easy for even the most frugal person to cut costs!