5 Simple Ways to Save More Money Before Saying Goodbye to 2023

Saving money doesn't have to be complicated. If your goal is to spend less and save more, here are a few easy ways to get started:


1. Focus on the Essentials

Go through your monthly expenses line by line and cut out anything that's not absolutely necessary. Things like unused streaming subscriptions, expensive hobbies, dining out multiple times a week, etc.  

Once you've eliminated the excess, create a realistic budget that focuses on essentials like rent, utilities, loan payments and groceries. Stick to it and your savings will start adding up quickly.


2. Automate as Much as Possible

Set it and forget it.

Arrange for as many of your bills as possible to be paid automatically each month. Not only does this help ensure everything gets paid on time, but it also makes it easier to budget since you know exactly how much is going out each month.

You can also set up automatic transfers to move money from your checking to your savings account each month. Start small and increase the amount over time as your savings grow.


3. Look for Free or Low-Cost Entertainment

It's easy to drop a lot of cash going out for meals, drinks, movies, concerts and other events. But there are plenty of free or inexpensive alternatives if you look for them.

Check your local library for free events, look for free days at museums, explore parks in your area, host a game night at home with friends, learn to cook new recipes, etc.

Making your own fun at home is an easy way to cut spending.


4. Reevaluate Your Insurance Policies 

If it's been a while since you reviewed your insurance plans, you could likely save money by making some changes.

Shop around at different companies to compare rates for auto, home, life and health insurance. Increase deductibles, remove unnecessary coverage, bundle multiple policies, ask about discounts for bundling or being a long-time customer.

Any savings you gain can go straight into your savings fund.


5. Sell Unused Items

Go through your home and look for valuable items you no longer need like electronics, designer clothes, collectibles, musical instruments or tools.

Selling them on websites like eBay, Craigslist, Facebook Marketplace or at a yard sale is an easy way to make extra money to put towards your savings.

Price items competitively and be open to reasonable offers. Some cash is better than no cash for items you don't use anymore.


Every dollar counts when you're trying to save more money. Focus on the small, simple changes you can make to cut excess spending and your savings balance will grow over time through consistency and dedication.

Make saving money a habit and you'll be well on your way to financial freedom.