5 Creative and Modern Ways of Saving Money Right Now

Are you burnt out on the whole “here are the best ways to save money” list? Need something new that is actually worthwhile? Something more than just “sign up for these coupons”, “shop the sales”, or my favorite, stop drinking coffee. 

No, I will not stop drinking coffee. But I will teach you some modern ways of saving money that are actually worth trying out.

These ideas work with the times we’re in (hello, skyrocketed grocery prices) and allow you to still enjoy life. I promise I will not be telling you to skip out on your one joy of the day.

Let’s dive into my top 5 modern ways of saving money!

Big fan of BIG savings? Check out my posts on the best budgeting books and how to stretch your food budget.

modern ways to save money

Big fan of savings? Want to go all in? Frugal living is by far the best step you can take toward living a more modest lifestyle financially and I do a deep dive into what frugal is in this post and give you a list of some great frugal living resource books in this post!

Below I take a deep dive into 5 modern ways of saving money, however, if you are set on changing your ways and making a positive change for the future of your bank account, you have to check out my Money Fit Challenge.

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Financial anxiety is one of the worst kinds, right? It used to keep me up at night for years. I was desperate to find a fix but nothing was working until it did. Luckily for you, I kept a note of everything I did along the way and now I am here and ready to teach you how to build your emergency fund (amongst many other things). For everything from the basics of understanding your finances, to creating your monthly budget, I have covered it all. Click the button below to learn more!

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5 Modern Ways of Saving Money

#1: Download All of the Apps

Looking for a modern approach to saving money? Look no further than downloading all the apps! 

In today’s digital age, apps offer a plethora of discounts and deals that can significantly impact your financial bottom line. Take Sonic, for instance, where ordering through their app unlocks 1/2 price drinks all day long. But it doesn’t stop there. 

With apps like these, you can uncover similar discounts at various establishments. Plus, they’re a convenient tool for price comparison, allowing you to scout out the best deals before making a purchase. 

With the use of mobile devices and the myriad of money-saving techniques available through apps, maximizing savings has never been easier.

Whether it’s checking prices, accessing cash-back rewards, or simply finding the best deals, embracing the concept of utilizing apps for financial success is a modern and effective strategy.

#2: Take it Old School and Save Cash

One of the oldest yet most effective ways to save money is by embracing the tangible power of physical cash. 

By setting aside a designated amount of cash each week or month, you not only establish a clear savings goal but also benefit from the visual reinforcement of seeing your savings grow. 

This approach taps into the psychology of money management, as physically handling cash can create a stronger emotional connection to your savings goals. Label envelopes with specific savings goals, such as “Emergency Fund” or “Vacation Fund,” to stay organized and motivated. 

Also, consider implementing the envelope challenge, where you allocate a set amount of cash to different envelopes for various expenses, helping you track your spending habits more effectively. With small changes like these, you can build a solid financial foundation and achieve your savings goals with ease.

#3: Freezer Meal Prepping

Freezer meal prepping revolutionizes the concept of meal planning by offering a convenient and cost-effective solution to avoid food waste and save money. 

Unlike traditional meal prepping, where unused meals may spoil before consumption, freezer meal prepping allows you to prepare your favorite dishes in bulk and freeze them for later use. 

With just a day or two of dedicated meal prep each month, you can stock your freezer with a variety of delicious and nutritious meals ready to be reheated at your convenience. 

This approach not only saves valuable time during busy weekdays but also eliminates the need for last-minute takeout or dining out, resulting in significant savings on your grocery bill. 

Whether you’re using a slow cooker or oven, freezer meal prepping ensures that you always have homemade meals on hand, reducing food waste and maximizing your budget in the long run. With a little planning and the use of modern kitchen techniques, achieving your savings goals while enjoying delicious homemade meals has never been easier.

#4: Do Not Neglect Your Checking Account

It’s time to prioritize your checking account and take control of your finances like never before. 

Instead of avoiding it out of fear or procrastination, commit to checking your checking account daily. This small but crucial habit shift ensures that you stay aware of your financial situation in real time, empowering you to make informed decisions and stay accountable to your financial goals. 

By embracing this daily routine, you not only cultivate a deeper understanding of your spending habits but also foster a sense of financial responsibility and discipline. Utilize online tools and mobile devices to access your account conveniently and track your transactions, ensuring that nothing slips through the cracks. 

With consistent monitoring and proactive management, you’ll be better equipped to optimize your cash flow, identify areas for improvement, and ultimately achieve greater financial stability in the long run. 

So, let’s ditch the avoidance mindset and make checking your checking account a top priority on your journey toward financial success.

#5: Take Advantage of Deals on Coffee + Food

When it comes to saving money on food and beverages, taking advantage of coffee and food deals can make a significant impact on your budget. 

Opting for a simpler, cheaper coffee option at places like Starbucks, such as an iced coffee with flavoring, can save you a considerable amount compared to their pricier signature drinks. 

Also, when feeding the family, keep an eye out for family meal deals offered by fast-food chains and restaurants. These deals often provide a substantial amount of food at a discounted price, making it a cost-effective option for feeding a hungry household.

Examples of family meal deals include:

  • McDonald’s: Family Bundles, which may include items like burgers, chicken nuggets, fries, and drinks for a set price.
  • KFC: Fill Up Family Meals, offering a combination of chicken pieces, sides, and biscuits to feed the family.
  • Pizza Hut: Family Feasts, featuring large pizzas with a variety of toppings, along with sides like breadsticks or wings.
  • Chick-fil-A: Family Meals, including a selection of chicken sandwiches, nuggets, or strips, along with sides and drinks for the whole family.

By capitalizing on these deals, you can enjoy delicious meals while stretching your food budget further. 

Incorporating these cost-saving strategies into your routine not only helps you save money but also encourages mindful spending and financial responsibility. So, whether you’re grabbing your morning coffee or planning a family dinner, remember to explore the available deals and make the most of your hard-earned money.