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What would you do with an extra $100?
Would you take your family out for dinner? Buy yourself something nice. Would you pay down debt? Or would you start an emergency fund or savings account? Whatever you would do I want you to think about. After reading this article you should have a few great ideas on how to save $100 this week. These are simple easy ways to save $100. There is nothing complicated.
A week versus a month
Below you will find 25 simple ways to save $100. These are all actionable, get it done, save money now ideas. You can implement these ideas today, this week and see immediate results. If you can’t do them today, start tomorrow. Make it a month long project or a few weeks. Set yourself a date, “I want to save $100 by (blank).” Then put your plan into action.
25 simple ways to save $100
1. Set a budget
Figuring out how much money you have coming in and how much money is going out will help you save money. Determining how much you are spending on groceries or rent can hep you figure out where you need to tighten your budget to save an extra $100. If you need help with determining a budget try our budgeting worksheet.
2. Assess your spending
DO NOT SKIP THIS TIP! My husband and I saved over $1000 a month by assessing our spending. We all spend, we all shop but if you really look at where you’re spending your money you will find ways to tighten your spending. For example eating out way too much was wrecking our budget. We decreased our eating out for a few home cooked meals and saved over $100 easy.
3. Park the car
If you live in the city and can take public transit park the car, skip the gas bill and the pay parking for a few days. Or car pool with a co-worker to try and save money.
4. Cancel your date
Not literally. Cancel the expensive dinner out and a movie and opt for a more frugal date night. This could be an easy way to save your $100.
5. Cancel your gym membership
Cancel your gym membership but not your fitness goals. Gym memberships can be expensive. Try working out at home. Invest in fitness equipment that meets your needs. Or try working out at your local community center or park. Opt for going for a walk or a jog around the neighborhood. Determine a frugal fitness plan.
6. Plan an at home spa day
We live in a generation where people get their nails done every few weeks and go to the spa for massages. I am not knocking this but it can get expensive. If you are trying to tighten your budget opt for doing your own nails this month.
7. Cut & color your own hair
Spending time in a salon for any reason can be expensive whether it’s for a cut or color, highlights or a blow out. If you are looking to save money this month try coloring or styling your hair at home.
8. Plan a no spend month
No spend months are a great way to save money. The general idea behind a no spend month is you pay your bills like normal, you still buy the groceries you need. But you don’t go buy the extras. You plan date nights in, and family game nights. You improvise if you run out of something. I have heard of people saving thousands of dollars during no spend months.
9. Brown bag it
If you work outside the home or travel during meal times try brown bagging it or bringing your meal and snacks. An average meal out can run $10-$20 depending on costs. Multiply this by five days Monday to Friday and you could be saving $50-$100 on meals if you bring lunch from home.
10. Skip the drive thru
After a long day at work the drive thru or take out looks real easy. Save yourself the money and cook a home cooked meal. Here are over 100 Instant Pot recipes that can save you both time and money.
11. Use cash back apps
Getting cash back rebates is a great way to save money on groceries. And it’s real easy! If you have a smart phone you can download the Rakuten money saving app to help you save on your regular everyday purchases. Try Rakuten and receive a $10 gift my treat.
12. Shop smart
Simple ways to save $100. If you shop smart and learn where to cut your grocery costs you can easily save $100. Buy generic, shop the sales flyer, cut out the extras. You can learn so many more ways to decrease your grocery costs with the Grocery Budget Workshop.
13. Brew your own coffee
I can openly admit my coffee addiction wrecked my budget. I would have a latte for breakfast on the way to the office and when 3 pm hit I had a habit of grabbing an afternoon coffee to get me thru the lull. The costs add up! I still grab the occasional latte but I bring coffee from home a lot more. I invested in travel mugs, a great coffee maker and a milk frother that I love.
14. Start couponing
Coupons are a great way to save money on groceries. You can get coupons in the mail, at the grocery store or in your weekly newspaper. If you are short on time and have a smart phone you can download the Rakuten money saving app to help you save on your regular everyday purchases. Try Rakuten and receive a $10 gift my treat.
15. Cut the cable
Cable can be expensive! Especially when there are great streaming services for way less. Such as Disney+ or Netflix. Amazon Prime Video is FREE with your Amazon Prime account. If you have an Amazon Prime Account if not, get a free 30-Day trial right here.
16. Shop around
No two stores are the same. It’s true one store may sell your favorite nut butter for $10.49 and another may sell it for $8.25. And Amazon may sell it even cheaper!
Shop around make saving money your new loyalty card.
17. Drink more water
Instead of having pop, juice, coffee or tea opt for water. It’s free and you can get it just about anywhere. Plus your body will love you.
18. Try a home cooked meal
Cooking meals at home is one of the best ways to save money. Think about it dinner out for four people could run you $80 to $100 at a sit down restaurant. That could be groceries for a week.
Opt for cooking more meals at home. Here are 100 time saving, money saving Instant Pot recipes to help you get dinner on the table.
19. Meal plan
Planning your meals for the week will save you both time and money. Plus it helps save you money on groceries because you know exactly what you are cooking.
Meal planning can be as simple as writing out all your favorite meals on each day of the calendar. Or writing out what you can make from the items in your pantry, fridge and freezer. Keep it simple. You can also invest in money saving meal plans like the $5 Meal Plan (you can try it free for 14 days).
20. Use less
Work toward a frugal lifestyle and only use what you need. For example cutting your dryer sheets in half will get you the same result as if using a whole dryer sheet but you now get two uses for the price of one.
21. Set the temperature
Find a happy balance. The thermostat controls the temperature and your utility bill. Finding a happy balance is the key to savings. If you need to lock up the thermostat or buy a programmable thermostat you control.
22. Stop trying to keep up
One of the biggest wastes of money is trying to keep up with your neighbors and trends. Save the money and be satisfied with what you have and what you can afford.
The grass is not always greener and paid for on the other side of the fence.
23. Pay with cash
Paying strictly with cash gives cold hard value to the items you are buying. It also helps you stay on budget and save money.
24. Work as a team
Communicate with your partner and family about wanting to save money. Let them know how you intend on doing it and why. Team work is more likely to reach a goal faster if everyone is on board.
25. Hit the automatic savings button
After you have figured out your budget and determined where you can tighten your spending set a weekly or monthly savings amount. If you can save $25 this week try for $30 next week and put it all in your savings account. Hit the automatic savings button, don’t touch the money, move it directly to your savings so you don’t use it. The amount may seem small, even if you have to start with a smaller amount like $10 this week and $15 next week. It all adds up!