How to Save Money - Not Quite An Adult (2024)

Here at Not Quite an Adult we’rehugefans of saving money. If you’re looking for some of the internet’s best saving money tips, you’re definitely in the right place and I’m glad you’ve landed here. Instead of letting you click on a menu and just see a bunch of blog posts unorganized and all over the place, we wanted to create a one stop shop for all of our bestsaving money content in an organized and concise manner.

I really hope you find exactlywhat you’re looking for! If you’re looking to get the best money saving and money making tips to your inbox once a week, be sure to sign up for our weekly newsletter below!

How to Save Money - Not Quite An Adult (1)

How to Save Money

Saving moneysoundseasy in theory, but it isn’t as easy as a lot of people make it seem. This whole section is filled with the best ways to start saving money and to jumpstart your savings with challenges, and small changes!

Ways to Save Money

Below are some of my absolutefavouriteways to save money on things we buy all the darn time!

*One of my favourite ways to save money is to use the browser extension Honey. This extension searches the entire internet for coupon codes that you otherwise may not have been able to find. Seriously, try out honey for FREE today.

Emergency Funds

Having an emergency fund is one of the most important things you can do for your finances, it can help you save money and allow you not to use credit every time something bad happens!

Stop Living Paycheck to Paycheck

Living paycheck to paycheck is honestly acurse, it’s a huge reason why so many relationships end, money troubles are legit. Learning strategies to break that paycheck to paycheck cycle and stop being broke is a really good first step to changing your life.

Credit Scores

Knowing andunderstandingyour credit score and how it works isveryimportant for financial success. There are financial gurus out there who will try and convince you to have no debt and never worry about your credit score, but a bad credit score will hurt you in more ways than you know!

Budgeting Tips & Methods

Oh, budgets. A necessary evil. Budgeting is one of the best things you can do to organize your finances and get your life together! Having a budget doesn’t need to feel like you’re in jail. The whole point of a budget is to make a plan for your money and give every dollar ajob.Your money needs to be workingfor you!

Frugal Living Tips

Living frugally is a great way to start saving more money and being moreconsciousabout where your money goes. Interestingly, these frugal living blog posts are some of the most popular on Not Quite an Adult! These are a definitemust-read if I do say so myself!

*When frugal people go grocery shopping, they make sure they’re getting cash back whenever they can and apps like Checkout 51 make that much easier. All you need to do is take a picture of your receipt and checkout 51 will see what kinds of cash back your’e eligible for! Check out Checkout 51 for free today!

Saving Money on Food & Groceries

Eating is kind of anecessityin order to keep ourselves alive so this is one of the mostessentialplaces you need to try and cut costs. Below are some of my absolutebesttips on how to save money on groceries and eating out at restaurants!

*Are you a meal planner? If not, I highly suggest that you checkout the awesome website $5 Meal Plan. Their whole deal is that they’ll send you a weekly meal plan and a detailed grocery list each week for only $5 a month. Get your first two weeks free!

Money Management

Money Mindset

How to Save Money - Not Quite An Adult (2)

How to Save Money - Not Quite An Adult (2024)

FAQs

How can I save money like an adult? ›

Learn the power of “no” (or “not now”).
  1. Make a budget. A budget is just a plan for your money. ...
  2. Say goodbye to debt. ...
  3. Set a savings goal. ...
  4. Save money automatically. ...
  5. Buy generic. ...
  6. Meal plan. ...
  7. Cancel some subscriptions and memberships. ...
  8. Adjust your tax withholdings.
Apr 5, 2024

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save $5000 in 3 months? ›

How to Save $5000 in 3 Months [2024]
  1. Create a Budget and Plan.
  2. Pick up a Side Hustle.
  3. Sell Things Around Your Home.
  4. Refinance Debts.
  5. Cut Unnecessary Expenses.
  6. Reduce Living Expenses.
  7. Try an Envelope Savings Challenge.
  8. Use Cash Back Apps.
Apr 3, 2024

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the golden rule of saving money? ›

The rule of 25X is the thumb rule when it comes to retirement savings, where you need to save 25 times your annual expenses. This rule says that an individual can think about retirement when they have funds worth 25 times their annual expenses.

How can I save $20 a day? ›

20 Tips to Save $20 a Day
  1. #1: Cut your cable costs. ...
  2. #2: Make your home more energy efficient. ...
  3. #3: Make your car more energy efficient. ...
  4. #4: Slash your dry cleaning bill. ...
  5. #5: Eat out less—or hack dining out. ...
  6. #6: Start a garden. ...
  7. #7: Book your next vacation or business trip on AirBnB.com. ...
  8. #8: Automate your savings.

Is 4000 a good savings? ›

Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

How to budget $4,000 a month? ›

making $4,000 a month using the 75 10 15 method. 75% goes towards your needs, so use $3,000 towards housing bills, transport, and groceries. 10% goes towards want. So $400 to spend on dining out, entertainment, and hobbies.

How to budget $5,000 a month? ›

Consider an individual who takes home $5,000 a month. Applying the 50/30/20 rule would give them a monthly budget of: 50% for mandatory expenses = $2,500. 20% to savings and debt repayment = $1,000.

How much should you save as an adult? ›

At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go toward necessities, while 30% goes toward discretionary items. This is called the 50/30/20 rule of thumb, and it provides a quick and easy way for you to budget your money.

How to save $10,000 in a year? ›

To reach $10,000 in one year, you'll need to save $833.33 each month. To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

How much money should an adult have saved? ›

It's generally advised to save three to six months' worth of expenses in an emergency fund. With our example, your emergency fund should ideally be $15,000 to $30,000. It's best to keep your emergency savings in a liquid account so you can access them quickly and without penalty when you need them.

How much should an adult have saved? ›

Emergency savings goals

Aim to have three to six months' worth of expenses set aside. To figure out how much you should have saved for emergencies, simply multiply the amount of money you spend each month on expenses by either three or six months to get your target goal amount.

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