10 Ways to Save Money for Beginners

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SAN CARLOS, CA / ACCESS Newswire / October 22, 2025 / Saving money might seem challenging, but anyone can build better financial habits with the right approach. Whether you're just starting your savings journey or looking for ways to be more mindful of your spending, these 10 tips could help you take control of your finances and work toward financial security.

1. Create a budget

The first step to saving money is knowing where your money goes. Track your income and expenses to understand your spending habits. You can try creating a simple budget that includes necessities, discretionary spending, and savings goals. If you need extra help with tracking, there are plenty of free budgeting apps.

2. Reduce debt and avoid high-interest loans

High-interest debt, such as credit card balances and payday loans, may make it difficult to save. Consider prioritizing paying off debts with high interest rates first. If you have unexpected medical expenses, medical loans with reasonable repayment terms could help instead of using high-interest credit cards.

3. Set clear savings goals

It might be easier to save if you have a purpose in mind. Set specific savings goals, such as building an emergency fund, saving for a vacation, or paying off debt. Break your goals into smaller, manageable amounts so you can celebrate progress! Use savings apps focused around savings goals, like Oportun's Set & Save, which even automates saving so you don't have to think about it.

4. Cut unnecessary expenses

Review your spending and identify areas where you can cut back. Do you really need that daily coffee shop visit or multiple streaming subscriptions? Small savings add up over time, so try focusing on eliminating or reducing expenses that aren't essential (even if they are oh-so-lovely).

5. Start meal planning

Eating out frequently can also drain your budget but planning meals ahead of time could save you hundreds of dollars each month. To avoid having to order in, you could buy groceries in bulk, cook at home, and prepare meals in advance to avoid last-minute takeout orders. Keep them in the freezer for some extra backup!

6. Use coupons and cash-back apps

Take advantage of coupons, promo codes, and cash-back apps like CapitalOne Shopping. Some stores offer discounts through loyalty programs, and cash-back apps could help you earn money on everyday purchases. So, being a savvy shopper could help you stretch your budget further.

7. Automate your savings

One of the easiest ways to save is to automate the process. Use an app that does it for you, like Oportun's Set & Save. Or, set up a direct transfer from your paycheck to your savings account each payday. Even a small amount - like $25 per paycheck - can grow over time.

8. Buy used instead of new

You don't always have to buy new items when you need something. Consider shopping second-hand for clothing, furniture, and even electronics. Many thrift stores, online marketplaces like Facebook and Craigslist, and discount outlets offer quality items at a fraction of the retail price.

9. Take advantage of free entertainment

Entertainment doesn't have to be expensive for you to enjoy yourself. Look for free community events, visit local parks, or borrow books and movies from the library. Including these habits could cut down on costly outings and can free up more money for savings.

10. Review and adjust your savings plan regularly

Your financial situation may change, so review your savings plan regularly and adjust as needed. Don't forget to celebrate small wins and stay motivated by tracking your progress. The more consistent you are, the easier it can become to build strong saving habits.

The bottom line

By making small, intentional changes, you can develop better financial habits and reach your savings goals. Whether you're saving for an emergency fund, a major purchase, or just to gain financial security, these tips could help you take charge of your finances and build a better future.

CONTACT:

Sonakshi Murze

Manager

[email protected]

SOURCE: Oportun