Ways To Save In The Money New Year

5 Ways To Help Save You Money in the New Year


You may think saving money for the new year is a hard thing to do, but it isn’t as hard you’d think. These are some of the easiest ways to save cash this year and make yourself  feel more  secure in the coming years.

5 Easy Tips on Saving Money in the New Year

Save weekly

You may get paid bi-weekly, or monthly, but you can save weekly. One simple chart that will help you is your calendar. For each week, save the corresponding amount of money. For example, in week one, save $1. In week 2, save $2, and so on. If you get paid once a month, know that the first 4 weeks would equal $10 and go ahead and stash that away. Do that each month and you’ll save more than $2,000 in one year. {Try our 52 Week Money Challenge!}

Feed your bank account

Pay yourself before you pay anything else. Does that sound selfish? It isn’t. It ensures you have money when you need it the most. You should always charge yourself an interest rate based on your earnings. For instance, if you make $800 bi-weekly, then pay yourself 10 percent of that. Your bank account just got paid $80. If you think you can’t afford that because you need it to pay bills, look to see what bills you can cut out or go with a lower percentage. Sometimes, when you force yourself to take that money out, you can get creative.

Meal plan

You may already do this, but are you doing it the right way to save money? Try meal planning this way: you have $100 to feed four people. Make it happen. Look at it like a challenge and determine where you’re wasting money, how you can save extra money, and where you can make some changes to alleviate that grocery bill. Any extra money you had could go to feeding your bank account. {Read our Beginner’s Guide to Couponing to make your money go farther}

Invest in things that Save, not Cost

That $2,000 vacuum may seem like a waste of money, but is it? That vacuum can shampoo your carpets, buff your floors, and even clean your cars. How much money do you spend a year on vacuums at car washes and renting equipment to deep clean your floors? If you look at it this way, you may see that you’re saving a great deal of cash. That $800 television, however, may not be that great of an investment if you’re still renting movies and going out to the movies regularly. Find out the difference between splurging and spending.

Make a Budget

Make a chart on a piece of poster board and hang it in your office. List your estimated bills for the month, your estimated income, and the amount you expect to save. If you make $2,000 a month, and you expect to pay $1,300 in bills, and save $230, then you will be left with $470. But, surprise! Your electric bill was only $50, saving you $60 more than you thought. Save 10 percent of that and put the rest toward paying off another bill for the next month. The more you save, the more you earn, but if you invest those earnings well you will keep saving more and more. Print our FREE Monthly Budget Template and learn how to budget your money.


Here are other ways to help you SAVE money:

52 Week Money Challenge

6 Tips to Increase Your Savings

Save Money on your Monthly Bills

FREE Monthly Budget Template

Creating a Budget

Also, make sure you checkout the Frugal Fanatic Facebook page and follow us on Pinterest for DIY projects, recipes, money saving tips and more

This Post Has 2 Comments

  1. Thanks for all you do to help us with money matters. What a great service.

    Nothing wrecks a budget faster than unexpected expenses. Here is how I overcame disaster after disaster in my days of desperation when I had two little children, keeping a roof over them, taking 19 credit hours at the junior college, and working three part-time jobs.

    I added up any expense that came bimonthly, semi-annually, or annually. This included birthdays and holidays.
    I divided this amount by 12 months or by 24 if I got paid every two weeks. I had the money direct deposited into a savings account at a separate credit union from my regular checking and saving accounts. I had to make a physical trip to get that money out.

    It took me about six months to get to where I could make my plan work the way I envisioned. Now my monthly budget doesn’t get blind sided, and I can pay my insurance payments (etc.) in full instead of robbing Peter to pay Paul.

    I can’t tell you how exhilarating it was the first time I was able to pull money out of savings for Christmas and know I didn’t have to pay for Christmas months into the new year. I knew then I was on the right track.

    Two months of the year was a third payday. This allowed us to have an actual vacation which was unheard of before I started this system.

    1. That was a great way to budget Sandra. Like you mentioned, it does take time to figure out how it will work and in the beginning it is tough to stick to that budget even though you do not instantly see the benefits. Glad to hear that you were able to come up with a method that worked for you and your family. That is amazing that you were able to take a vacation!! 🙂

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