Food prices have spiked recently, up by 4.3% between August 2022 and August 2023, per a recent Consumer Price Index report. However, money experts suggest practical ways to save at the grocery store. Tips include buying generic brands and seasonal produce, enrolling in store loyalty programs for member discounts, and using grocery rewards credit cards for cash back. Be wary of deceptive labels and sales that may not offer long-term savings.

Investing in a secure phone is essential, but money experts are aware that cell phone companies often overcharge their customers without notice. Trae Bodge, for instance, switched her family’s wireless service to Mint Mobile in 2021, saving over $100 a month while still enjoying premium service and ample data.

Shopping around for the best plan or contacting your current provider to explore more cost-effective options is always advisable.

Similar to cellular plans, cable expenses can often be reduced with a simple phone call or by exploring other options. Andrew Lokenauth recommends cutting cable altogether. Numerous cable alternatives, including free streaming services, offer tailored entertainment options, ensuring you only pay for the content you regularly watch.

It’s essential to review your subscriptions monthly and avoid putting bills on autopay to prevent paying for unused services. While some services may appear inexpensive individually, the costs can accumulate if you subscribe to many. Keep expenses in check by prioritizing free streaming platforms or subscribing only to essential services.

Resist the temptation to splurge on fancy household essentials like toilet paper and cleaning supplies. Basic options work just as well. To save even more, hunt for sales or use coupon apps. Wholesale clubs offer significant savings when buying in bulk, advises Christopher Stroup. Additionally, opt for reusable alternatives over disposable items, like cloth napkins instead of paper ones. Despite a higher initial cost, you’ll save money in the long run and reduce waste.

Why spend a fortune on designer makeup or expensive moisturizers when you can find equally effective products for much less? While some pricey creams may be impressive, Trae Bodge refuses to splurge on them solely on principle.

“Fortunately, there are fantastic $30 creams available,” she explains, noting that money-savvy individuals seek deals on items found on lengthy CVS receipts or wait for semi-annual sales. Sale seasons offer the best opportunities to purchase personal-care products. To maximize savings, consider buying moisturizer in bulk during these promotions.

Money-saving experts advise prioritizing spending on high-quality gifts rather than extravagant gift packaging. Trae Bodge suggests opting for affordable options like wrapping paper, ribbons, and gift bags from dollar stores. Repurposing salvageable gift wrap is also a smart move. Instead of buying store-bought greeting cards, print your own for free from online resources for various occasions like Christmas, Valentine’s Day, and Mother’s Day.

To achieve a high-end look in your home without breaking the bank, money experts recommend exploring gently used, secondhand furniture options for designer styles at a fraction of the cost. Andrew Lokenauth advises checking thrift stores, Craigslist, or Facebook Marketplace for affordable finds. Additionally, if there’s a specific piece you desire, exercise patience as it may eventually go on sale.

Money experts prioritize quality over brand names for everyday clothing, focusing on durability to save in the long term. Trae Bodge suggests big-box stores like Target or Walmart for affordable jewelry pieces that elevate your look. Andrew Lokenauth advises seeking end-of-season sales or discount designer dupes for accessories like sunglasses, offering style without the high cost.

When it comes to travel, Trae Bodge emphasizes that money experts prioritize finding the best deals while considering travel time. She underscores the importance of time, stating, “You’d be unlikely to see a money-saving expert saving a little bit of money on a flight that involves a lengthy layover.” Instead, they seek discounted package rates or strategically time their travels to minimize costs.

Money-saving experts utilize online search tools and flight price trackers to find deals and determine the optimal time to purchase plane tickets. Some even choose to fly coach rather than first class to maximize savings.

Contrary to popular belief, high-net-worth individuals often opt for practicality over luxury when it comes to cars. According to a 2022 study by Experian, 61% of those earning $250,000 or more annually prefer brands like Toyota, Ford, and Honda, known for their reliability.

Money experts, like Gonzalez, avoid splurging on cars due to rapid depreciation—new cars can lose at least 20% of their value in the first year. They recognize the value in purchasing used cars and holding onto them for longer periods to maximize savings.

To save further on your next vehicle, adopt a strategic approach to shopping. Research the best times to buy a car and wait for opportune moments to secure great deals.

Money experts emphasize the importance of being realistic about what you can afford when purchasing a home, according to Gonzalez. They avoid sinking every penny into a house, opting to spend less to pursue other financial goals like early retirement, increased travel, or achieving mortgage-free status sooner rather than later.

Buying used books or opting for digital versions can lead to significant savings. Local libraries and online platforms offer a wide range of e-books and audiobooks for free or at a low cost, making access to literature and media both affordable and convenient.

Using open-source software and free apps provides high-quality alternatives to expensive proprietary options. Many open-source programs offer the same functionality as their costly counterparts, catering to both personal and professional needs without the hefty price tag.

Utilizing free online courses and educational materials can dramatically reduce the costs associated with learning new skills or improving existing ones. Websites like Coursera, edX, and Khan Academy offer courses from top institutions for free or at a minimal cost.

Making DIY compost and natural pest repellents can lower the cost of maintaining a garden. These eco-friendly solutions not only save money but also promote a healthier garden without the use of chemical fertilizers and pesticides.

Buying in bulk or opting for generic brands can significantly cut office supply expenses. Many generic products offer the same quality and functionality as branded items, allowing for cost-effective office management.

Choosing cost-effective brands and bulk buying for pet food and supplies can lead to considerable savings without compromising on quality. Shopping at wholesale clubs or online retailers often provides the best deals.

Creating DIY decorations and upcycling existing items can transform your space on a budget. This approach not only saves money but also adds a personal touch to your home decor.

Purchasing quality, used, or discounted kitchenware is a smart way to equip your kitchen without overspending. Secondhand stores, online marketplaces, and clearance sales are great places to find deals.

Buying used equipment or utilizing natural and home resources for workouts can be as effective as expensive gym memberships. Online tutorials and outdoor activities provide excellent fitness options at minimal cost.

Utilizing reusable decorations and homemade entertainment for parties reduces both waste and expenses. DIY projects can create personalized and memorable event settings without the high costs of store-bought decorations.

Investing in a durable water bottle and a high-quality filter can save money over time compared to buying bottled water. This eco-friendly choice ensures access to clean drinking water and reduces plastic waste.

Buying quality used bikes and accessories offers the benefits of cycling without the high initial investment. Many communities have shops specializing in refurbished bicycles, providing both value and sustainability.

Opting for non-brand name but reliable cases, chargers, and headphones can significantly reduce the cost of technology accessories. These alternatives often provide the same level of protection and functionality as their branded counterparts.

Purchasing seasonal items off-season for the next year can lead to substantial discounts. End-of-season sales are the perfect opportunity to stock up on clothing, decorations, and other seasonal goods at a fraction of the price.

Buying quality used tools or renting them for one-time projects can provide significant savings over purchasing new. Many hardware stores offer rental services for equipment, making DIY projects more accessible and affordable.

Looking for discounts, bulk deals, or opting for generic brands can make pursuing art more affordable. Art supply stores often have sales, and buying in bulk can reduce the cost per item for frequently used materials.

Choosing durable and multifunctional travel accessories over brand names can enhance travel experiences without the premium price. Investing in versatile items ensures they last longer and serve multiple purposes, reducing the need for numerous products.

Purchasing generic or in bulk, after thorough research, can ensure you’re getting the same nutritional benefits without the brand-name cost. Many retailers offer their own brands of supplements that meet the same quality standards as more expensive options.

Making homemade cleaners with common household items can be both effective and economical. Ingredients like vinegar, baking soda, and lemon juice can tackle a wide range of cleaning tasks at a fraction of the cost of commercial products.

Using recycled or repurposed materials for home projects not only saves money but also promotes sustainability. Creative reuse of existing materials can lead to unique and personalized home improvements without the need for expensive supplies.