11 Insanely Easy Ways to Save Money in 2021

Learn simple tips for how to save money in 2021. Whether you live month-to-month or you're financially successful, you will find easy ways to maximize your dollars.
11 Insanely Easy Ways to Save Money in 2021

Today I’m sharing simple tips for how to save money in 2021.


Because when you save more money, you have more money to invest.

And with more money to invest, you can use the magic of compounding interest to reach your retirement goals.

So if you want to learn 11 insanely easy ways to save more money this year, you’re going to love this article.

First, grab these free resources (no email address required!):

  1. The Best Accounts for Saving More Money [PDF]
  2. A Simple Savings and Expense Worksheet [Fillable PDF]
  3. A Detailed Expense Tracking Worksheet [Excel]
  4. How to Review Your Pay Stub Review [PDF]

Why Saving Money Is Important for Everyone

Saving money is important for everyone…even the high-earners and ultra-wealthy.

I recently met with a client who is financially successful. While income fluctuated, his annual paycheck occasionally crossed $1 million.

But, there was a problem. Like most retirement savers in America, he spent most of the money he made.

Fortunately, we were able to bring the issue to the surface and get our client back on track in a hurry.

As their financial planners, we followed our rigid multi-step process to get his savings back on track.

11 Simple Tips for How to Save Money in 2021

Today, I’m sharing some of my favorite tips we use to help clients save more money.

While not all of these strategies will apply to you, implementing just a few could save you thousands of dollars per year.

1. Ask For a Discount

I can hear my mom now:

“If you don’t ask, you’ll never know!”

She was right. And this tip has saved me thousands of dollars and counting.

You can approach it two ways:

1.) Proactively

Call a vendor you make regular payments to such as cable TV, cell phone carriers, or trash service. Thank them for their wonderful service and then … ask for a discount.

It’ll take five minutes. One five-minute phone call can result in years of $$$ savings.

2.) Reactively

Let me preface by saying this is not an attempt to get out paying for a service you most certainly owe money for. If you requested a service and you’re happy with the result, pay your bill 🙂

With that out of the way, we have all received a bill that caught us off guard.

Yesterday, my wife received a bill in the mail for a test she agreed to have done. To her surprise, insurance did not cover it and she was billed $500.

My wife wanted to pay the bill and move on. I asked her to call and politely ask for a discount.

The result? They took $300 off!

How many times have you neglected to make a quick phone call because you were too busy? You might be missing out on hundreds – or even thousands – of dollars.

Plus, what’s the worst possible outcome of this exercise?


Zero downside risk with unlimited upside makes this one of my favorite money-saving activities.

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2. Ditch Your Auto Lease

When it comes to saving money, some people just can’t give up their expensive wheels. And that might be okay as long as you’re not overspending in order to drive a fancy car.

To save money, it usually makes more sense to buy instead of lease.

Ideally, you’ll want to purchase a dependable used car you can keep for the long run.


Because, when you pay off your auto loan (if applicable), you won’t have a car payment!

With leasing, however, you will never own your vehicle. You will forever be making monthly payments towards an asset that loses value by the minute.

If you’re stuck in a lease and want to get out, consider a lease exchange service such as:

  1. Lease Exchange App
  2. Swap-a-lease

The bottom line: To save more money, consider ditching your lease and buying a used car with low mileage.

3. Throw Away Your Budget…Track Your Expenses Instead!

Budgeting gets all the attention.

But tracking your spending is the real secret if you want to save money.

In fact, our most financially successful clients know where every penny goes each month.

When you know where your money is going, you can make intentional choices. Knowledge is power.

For example, I spend ~$600/month playing golf.

Is that good or bad?

It depends!

Golf is REALLY important to me. So much so that I’m willing to make sacrifices in other areas to maintain this expense.

On the flip side, my wife and I recently decided that spending $3,000 per year on cable television wasn’t meaningful to us.

With that knowledge, we found a way to cut our bill by over 60%.

If you aren’t regularly tracking your expenses, you don’t know where your money is going. Which makes it impossible to how and where to save money.

(Note: Most people underestimate how much they spend by at least 20%!)

Here’s a simple 3-step process for tracking your expenses to save money:

  1. Find a tracking method that works for you. It could be something like Mint, YNAB, or even our free fillable spreadsheet.
  2. Track your expenses for 3-6 months. Don’t make any judgments about your spending and don’t rush to make any changes. Just track!
  3. Review and take action. With this knowledge in your hands, start with the highest expense first and determine if that expenditure aligns with your goals. If not, take action!

Because it’s easy for this exercise to fall through the cracks, my wife and I set a calendar reminder for the last Sunday of every month. For you, it might be at the start or end of each quarter.

The key is to create a reliable, repeatable system that works for you. Stick with it and watch the magic happen.

4. Scan for Free Entertainment

Does it cost money to have fun? Sometimes it does!

You have to pay to get into a concert, after all, and nobody is letting you into your local theme park for free.

Then again, there are plenty of ways to have fun for free.

If you’re trying to save more money this year, consider experimenting with a $0 entertainment budget for one month. Challenge yourself to see how much fun you can have without spending any money.

Here are some of the best free entertainment ideas to get you started:

You get the point. There are plenty of ways to save money and still have fun, so don’t let anyone convince you otherwise.

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5. Use Technology to Save More Money

Figuring out how to save more money can be a time-consuming task. That’s why I love using technology to help.

save money

For example … do you want to cut your monthly utility bills by 25%? Try Bill Shark, a tech solution backed by Mark Cuban, or BillFixer.

Perhaps you have forgotten subscription services. There’s an app for that! Check out TrueBill, an app that finds and cancels unused subscriptions. They’ve saved users more than $14 million to date!

Do you have credit card debt that’s preventing you from saving money? Tally is a solution to consider. On average, they’ve saved borrowers an average of $3,972 in interest.

By using technology, you can quickly and easily save more money this year.

6. Grab a Money-Saving Browser Plugin

It’s rare that saving money is ever this easy.

If you shop online and you’re not using a free browser plugin to automatically apply coupons and promo codes to your purchases, you’re missing out on free money.

Here are my three favorites to consider:

  1. Honey
  2. Amazon Assistant
  3. Rakuten

There are dozens of other money-saving browser plugins. By taking 15-minutes to find a few that work best for you, you’ll have more money in your pocket to make intentional decisions with.

7. Cut Down on Dining Out

It’s astonishing how much eating out can eat up your budget!

If you’re not sure how to get out of the dining-out trap, there are some fantastic recipe apps out there.

While it can be difficult to learn how to cook if you don’t have the skills or time, there are plenty of recipes that are easy and low-cost.

If you need to make things as easy as possible, a crockpot or Instant Pot can also help. There are plenty of recipes for both that let you throw in your ingredients and push “start.” It doesn’t get any more convenient or cheap than that.

8. Get Creative With TV & Cable

If you’re a millennial, you’ve likely never paid a cable bill unless you’re a huge sports fan. But, even sports fans now have options for “cutting the cord.”

If you’re tired of your pricey cable or satellite tv bill, consider ditching your cable company for Netflix, Hulu Plus, Amazon Prime, or Sling.

You can also get an over-the-air antenna to get free TV.

Heck, you can even catch NFL football games for free!

9. DIY Your Grunt Work

Why pay someone when you can do-it-yourself for free?

If you’re forking over a ton of cash for a cleaning service, it can pay off to save that money and clean your own house for a while.

Got minors in the house? You could also put those kids to work!

By assigning cleaning chores to your kids, you can teach them about hard work. The experience of tidying up the house will also prepare them for when they’re out of the nest.

The same advice rings true for the work around the home, including gardening or home improvement projects.

Spend time in your own yard and you’ll receive several benefits. Not only will you get fresh air, but you’ll connect with the Earth and save money!

10. Analyze Your Travel Budget

You can easily spend a ton of money on travel. Most of the time, it depends on your flexibility and your desire to save money.

If your goal is spending less, there are all kinds of strategies to consider. Tips that can help reduce your travel budget include:

11. Pay Off Debt

Far too many people pay only the minimums on their debts each month without ever taking the time to figure out what their debts cost over time.

Unfortunately, this can lead to paying hundreds – or even thousands – of dollars in interest each month.

Since interest payments don’t go toward the principal of your debts, this is money down the drain.

If you really want to save money, pay off your debt.

Imagine you have $10,000 in credit card debt at 18% APR. You’ve been paying $200 each month. At that rate, you’ll pay an additional $8,622 in interest and it’ll take 94 months to pay it off.

That’s almost 8 years!

If you were able to pay off your $10,000 in credit card debt quickly by cutting your spending, on the other hand, you could avoid almost $9,000 in interest AND free up $200 in extra cash every month.

When you pay off high-interest debt, you just can’t lose.

Try Out New Ways for Saving Money in 2021

If you’re looking for more ways to save money in 2021, don’t forget to think outside the box. Everyone’s spending habits are different, so it’s likely you’ll have some special circumstances in your life that could help you brainstorm more ways to save.

You may also want to start the process by tracking your spending for a while. Once you know where your money goes each month, it’s a lot easier to find the source of your money woes.

Even small changes can make a giant difference!