15 Sneaky Ways to Save Money and Build Wealth

Are you trying to save money, get out of debt, or build a solid financial foundation? You could be on your way to creating a healthy financial future by making small changes to your lifestyle and spending habits. In this article, we’ll explore fifteen ways to save money while building wealth. 

1. Double-Check Bills

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Many of us don’t consider the possibility of errors on our bills. But everyone makes mistakes, and that includes companies. It’s important to double-check your bills to ensure you haven’t paid for anything you shouldn’t have. Catching these mistakes would save you money in the long run. 

2. Store Credit Cards in an Inconvenient Location

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It’s easy to pull out your credit card to pay for something. However, storing your card in an inconvenient location would reduce the likelihood of spending money. The time it would take to find your card would give you a chance to rethink your purchase. 

3. Create a Budget

how much should I have in savings
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A budget is a great way to stay on track with your finances, save money, and increase your savings. A budget gives you a clear picture of how much of your money is going out and how much is coming in. This helps you make informed decisions about how you save and invest. 

4. Learn to Do Your Own Hair

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Going to a professional hairstylist can be really expensive. One easy way to reduce expenses is to learn how to do your hair. There are so many free tutorials online that can teach you how to maintain and style your hair in unique and creative ways. 

5. Find No or Low-Cost Activities 

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You don’t have to go out or spend money to have fun. There are so many people whose entertainment budget strains their finances. Instead of going to expensive restaurants or events, look for free or low-cost options in your area. You might be surprised at how many great activities are available that will help you save money.

6. Avoid Impulse Buys

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It’s so easy to get caught up in the moment and spend money on things you’ll regret later. But if you want to save money, you have to avoid impulse buys. Try taking a day or two before making a purchase to give yourself enough time to decide whether or not the expense is worth it and how it fits into your budget.

7. Consider Needs vs. Wants 

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If you want to build wealth, you have to consider needs vs. wants while shopping. Ask yourself, do you really need those new shoes, or can you make do with the ones you already have? Do you need to buy an expensive car, or is there a more affordable option? By spending on needs instead of wants, you can save a lot of money in the long term. 

8. Cut Back on Junk Food 

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Cutting back on junk food is good for your health and wallet. Junk food, like meals at fast food restaurants, processed foods, and snacks, are items that can quickly add up in cost if you aren’t careful. Pay close attention to how much you spend on junk food to determine how much you can cut back. 

9. Shop Secondhand for Clothing

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Shopping secondhand for clothes is another great way to save money. Thrift stores and consignment shops often have great deals on new and gently used clothing. You wouldn’t believe the incredible finds you could come across. 

10. Cook Meals at Home 

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Cooking meals at home is another great way to save money. Eating out can be expensive, so try to prepare your own meals as often as possible. You’ll be able to manage your grocery budget and decide exactly how much you want to spend on your food diet. 

11. Buy a Used Instead of a New Car

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If you’re considering purchasing a vehicle, consider buying a used car instead of a new one. Used cars often get a bad reputation, but you can still find a high-quality used vehicle that’s reliable and affordable. 

12. Shop With a List

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You should never go shopping without a list. Before leaving the house, sit down and prepare a list of all the items you intend to purchase. This will help you stick to your budget and avoid buying things you didn’t intend to purchase then. 

13. Consolidate Your Debts

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Debt consolidation is a great way to save money. Combining all of your debts into one payment can reduce your interest rates and save money on fees. Talk to your bank and find out the options available to you. 

14. Avoid Credit Cards

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Credit cards definitely come in handy at times when you really need them. But they often have high interest rates and fees, so it’s easy to accumulate debt using a credit card. If possible, pay for items with cash or a debit card instead.

15. Create an Emergency Fund

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Life is unpredictable, and unexpected expenses can arise at any time. By having money set aside for emergencies, you can avoid going into debt and maintain your financial stability.


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She started her blog, The Money Dreamer, when she realized the 9-5 job was not the lifestyle she wanted anymore. After designing for a while, she wanted a more meaningful life, which was freedom, so she decided to venture out. She took action so that she can live her dream life and decided to help people to live theirs by helping them how to save, budget, and invest.

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