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Turn Lucky Pennies Into Serious Savings

Turn Lucky Pennies Into Serious Savings

By Alex Porter • May 23, 2019

A penny might not be worth a whole lot, but no matter which way you slice it, a penny saved is a penny earned.

In the long run, you’ll be amazed at how much 10¢ here and 42¢ there can start to add up. Here are 13 ways you can save a little bit of money every day.

  1. Set aside a coin jar. Old reliable. I’m kicking off my list with the one everyone already knows, because it works. Throw all your spare change in the same place, let it grow over time, then deposit it directly into a savings account so it can keep growing.

  2. Keep the change (digitally). Most of the big banks have programs set up where they’ll round up to the nearest dollar on every purchase you make with your debit card. You can then transfer that change right over to your savings account.

  3. Cancel extra subscriptions/memberships. If you haven’t been to the gym in 3 months, it’s probably time to go ahead and cancel your membership. Maybe you’re paying for a premium music streaming account when the regular one would do just fine. Go through your last month or two of bank statements and see what reoccurring fees you can live without.

  4. Cut cable TV. Do you actually need 432 channels? Chances are you can get all the channels you watch for about half the price by switching to a streaming service like YouTube TV, Hulu or Sling TV.

  5. Use coupons. It’s not 1985 anymore, so no need to bust out the scissors and start rummaging through the local paper. Instead, check out 2019’s Best 20 Sites to find discounts. Many supermarkets and retailers also have apps that allow you to apply coupons directly onto a loyalty card.

  6. Buy in bulk. For anything you use every day – like your go-to energy drink or household items – you can get some serious discounts when you buy in bulk. For example, I used to pay about $1.25 for my favorite breakfast bar at convenience stores, until I realized one online retailer has them for 60¢ a pop when you buy them in large quantities. Life. Hack.

  7. Carpool. Nobody likes paying for gas. If you can find a coworker that lives near you (and who doesn’t drive you crazy) you can save a ton by taking turns driving to work.

  8. Buy off-brands. When it comes to basics, like ketchup or hand soap or paper towels, does it really make a difference to you if you get the name brand or the cheaper version with the generic label? You’d be surprised how much you can save on your next trip to the grocery store by grabbing some cost-friendly options.

  9. Adjust your thermostat. Did you know that heating and cooling makes up about 50% of your energy bill?1 There’s no point in cooling (or heating) your home all day long, so before you head to work every day take it down a few notches, then reset it when you get home.

  10. Take smarter vacations. This one might not be a daily tip, but you can save big a few times a year if you take the time to find the best deals on flights, hotels and activities when you’re planning trips.

  11. Go thrift shopping. Next time you’ve got the itch for a little retail therapy, try hitting up a thrift store. Not only is everything dirt cheap, but you can also get a nice adrenaline rush when you score an awesome vintage T-shirt that you know you wouldn’t be able to find anywhere else.

  12. Drink more water. Instead of spending a few bucks on a soda or sports drink, carry around a water bottle and fill it up. Plus, when you’re hydrated, you’re happier. That’s just science.

  13. Unplug stuff. Laptop and phone chargers, coffee makers, your electric toothbrush charger – they all increase your energy bill if left plugged in all day. Here’s some other easy ways to trim down your utility bill.

Even if only 5 or 6 tips sound like they will work for you, give them a shot and see how much you can save! Every penny counts. Especially if you’re trying to get out of debt or maybe you’ve got a kid on the way. Remind yourself why you are trying to save money and keep that in mind every day. It’ll make each dollar saved feel that much more gratifying.


The information in this article is provided for general education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. It is not intended to be and does not constitute financial, legal or any other advice specific to you the user or anyone else. The companies and individuals (other than OneMain Financial’s sponsored partners) referred to in this message are not sponsors of, do not endorse, and are not otherwise affiliated with OneMain Financial.