So, I bank at a Christian Bank.  Yes, you heard that right, an actual Christian Bank named Adelfi, well it’s actually a Credit Union.  You can read my article about Adelfi HERE.  As a member, I receive weekly emails helping me to use and view money biblically.  The following was sent to me this week and I thought it was so good that I wanted to share it with you too, 13 Super Easy Ways To Save Money.

Saving is biblical; God wants us to be savers! He wants us to have the resources we need to take care of our families and others. He also wants us to be in a position to serve Him so that He will be made known and honored. Saving does not represent a lack of faith, but it does reflect the heart of a faithful steward.

But finding extra margin in our finances to save can be challenging! Especially if you are trying to pay off debt, living paycheck to paycheck, or recently went through a major life change. These 13 money-saving strategies will help you save money in ways you may not have known before. 

 

13 Super Easy Ways To Save Money

 

1. Act Like You Receive 24 Paychecks a Year Instead of 26

If you are paid biweekly, you actually receive 26 paychecks a year instead of 24. Instead of budgeting based on those 26 paychecks, budget based on getting paid twice a month – 24 times – instead. Then you’ll be able to save your extra two paychecks!  

 

2. Compete with Yourself 

Sometimes you can be your best source of motivation! Challenge yourself (or your spouse or a friend) to spend $3 less per meal every time you go out to eat. Try instituting a leftover night once a week, having “no spend” days, or competing to see who can spend the least amount of money per week. 

 

3. Set Up Automatic Transfer

This is one of the best savings strategies out there. Automating a certain amount to go straight from your paycheck to your savings account will help you reach your goals quickly. The old adage “out of sight, out of mind” is the driving principle behind this. If you can’t see the money to spend in the first place, then you won’t be tempted to spend it! 

 

4. Adjust Your Tax Withholdings 

Did you get a refund check this year? While it may feel like you get a bonus from the government, they’re actually just returning your own money to you. They borrowed it interest-free for the last year and then you have to ask for it back! 

 

Instead, adjust your withholdings so you have that extra money in your account every month. However, you will need to plan in case you owe the government money come Tax Day! 

 

5. Always Check for Coupons and Rebates

Apps and browser extensions make it easy to shop with coupons and earn money back from rebates. Download apps like RetailMeNot and install extensions like Honey so you never miss a deal when online shopping.

 

Take an extra five minutes in the store to scan all your items and check for coupons or rebates. Even better, check for coupons and apps before shopping so you can buy based on what the best deal is. It may be small savings, but they accumulate over time!  

 

6. Plan Ahead and Never Go Shopping Without a List

A lack of planning is a major spending trap. Before you go shopping anywhere – the grocery store, Walmart, the mall – make a list. Then stick to it! This is where that competitive spirit can come in handy – see how quickly you can get everything on the list and try to come in under budget. You should know how much you’ll spend before you walk into the store. 

 

New technology and services like grocery pick-up services have made this savings strategy convenient for a small fee. Look into your local options and consider if they could help you save! 

 

7. Ask for Discounts

It may be uncomfortable if you’re not a natural bargainer, but it’s always worth it to ask for a discount. Try this especially with your cable and internet provider once a year. Ask about loyalty discounts, sales, or other offers they have going on. 

 

8. Find a Buddy

There is strength in numbers, especially when it comes to saving! A group of my friends always shares when they find good sales and will sometimes pick up items for one another to take advantage of the sale. Look online, in circulars, and ask around for the best prices. 

 

9. Do Your Research

Before you purchase a big item, spend time researching to see if you can find a better deal. If you find a better price non-locally, ask for a price match. A few minutes online can save you a lot! 

 

10. Start Christmas Shopping Early

It’s better to get your Christmas shopping finished by as early as September. Find and purchase gifts for family and friends throughout the year when you find a good sale. By doing so, you avoid the stress and markups of the season and can relax and focus on the true meaning of the holiday! 

 

11. Set Goals

Goals will motivate you to keep saving. Proverbs 29:18 says, Where there is no vision, the people perish. If you don’t have a vision for your savings, you won’t make any progress. Decide on a realistic amount of money to have saved by a certain date and then align your budget to reach that goal. 

 

Every time you reach a goal, celebrate, make another, and keep going. You should always have short-term and long-term goals! 

 

12. Save Every $5

We are big advocates of an all- (or mostly-) cash budget. If you use cash for all or some of your budgeting categories, commit to saving every $5 bill you touch. 

 

One woman did this for 12 years and saved $37,000! Proverbs 21:5 says Steady plodding brings prosperity. Start plodding! 

 

13. Drink Only Water

This may sound impossible to some, but switching to only water can save you hundreds, if not thousands, of dollars a year. A latte out costs around $5. A soft drink or tea at a restaurant costs around $2. If you have one coffee and one tea or soda out every day, by switching to water, you’ll save around $2,550 a year. And it’s significantly better for your health! 

 

Hopefully, these 13 ideas add focus to your savings goals. Once these strategies are working, an AdelFi certificate is a good way to make the most of your new resources. Our high-yield certificate accounts lock in a rate of up to 60 months, while our bump certificates let you bump up your dividend rate should it increase during your term. It should feel good to earn dividends with a financial institution aligned with your values!

 

This article has been adapted for use by AdelFi for the benefit of its audience and in exclusive partnership with Crown Financial Ministries. This article was originally written by Chuck Bentley, CEO of Crown Financial Ministries, and was posted to Crown.org. To learn more about Crown’s mission go to crown.org.  This article has been posted with permission.