Request a Quote
Supporting Families

Simple Tips for Saving Money

If Jan. 1 is the day for resolutions — weight loss, reconnecting with friends, etc. — then April 15 could be the day to aim for financial improvement.

Nothing brings your financial situation into focus like doing your taxes. Whether you made a comfortable living in 2018 or you barely squeaked by, there is room to make 2019 better.

Saving money doesn’t need to be hard. It just takes some discipline. Simple changes can create little victories that will make noticeable differences.

First and foremost, you need to stick to a budget, which can be one of the hardest parts of being an adult. Yet, without a way to keep track of your spending, you risk disaster.

Here are some tips to get started:

  • Figure out your income
  • Review your outgoing expenses
  • Determine your living expenses
  • Decide what to do with any extra income
  • Decide what to do if there isn’t any money left over
  • Never buy on impulse

This plan works for many people, but if you find yourself staring face-to-face with the fifth bullet point? What if there isn’t any money left over?

This likely calls for a change in your lifestyle.

You can look to multi-billionaire Warren Buffet for inspiration. He still lives in the house be bought for $31,500 in 1958. He rarely buys new cars and drives the ones he does buy for a long time.

“I buy everything I want in life,” he was quoted in People Magazine a few years ago. “Would 10 homes make me more happy? Possessions possess you at a point. I don’t like a $100 meal as well as a hamburger from McDonald’s.”

With that wisdom in mind, don’t overlook simple ways to save money. Get thrifty – buy a used car rather than new (like Warren), take advantage of free city entertainment and maybe even cut the cable cord.

Quick successful tips for saving money involve food, which makes sense because you need it, like, every day.

Here are a few things you can do right away:

  • Fight the urge to dine out often
  • Grow your food
  • Preserve any extra harvest

When grocery shopping, be sure to:

  • Plan meals beforehand
  • Use coupons
  • Join a rewards program
  • Try generic or store brands
  • Choose less expensive cuts of meat

DIYs are another way stretch your dollar. An easy way to start is repairing broken items, rather than replacing them. Check out websites like YouTube for handyman knowledge.

Other DIY saving tips are:

  • Make your own beauty products
  • Make your own cleaning products, including laundry detergent
  • Tailor/fix your own clothes

Other tips for saving money include collecting loose change and taking full advantage of your employer’s 401(k) match. You just need to make your plan, and work your plan. Then, pass it all on to your kids. Eventually, they’ll thank you.

Let’s start a conversation

This is a solicitation of insurance and an agent may contact you. By submitting the above request, I consent to receive phone calls from a licensed insurance producer on behalf of Woodmen of the World Life Insurance Society (WoodmenLife) and its affiliates at the phone number(s) above regarding WoodmenLife products and services. I understand that I can contact a Sales Representative directly to make a purchase.



WoodmenLife was founded in 1890 as a not for profit. The organization gives back to its nearly 700,000 customers, who join together in a commitment to family, community and country. With a legacy of financial stability, WoodmenLife offers quality life insurance and retirement products. To learn more about WoodmenLife, visit