But sometimes the best way is the old-fashioned way.
1. Use the envelope budgeting system
The premise of this classic money-saving method is simple.
After you pay your bills and set aside money for savings and any investments, divide the rest into spending categories like groceries, eating out, clothing, and entertainment. Get an envelope for each category, write the name on it, then stick inside the amount of cash you want to spend in that area — whether for the week or for the month.
Once the cash runs out, you can’t spend any more money in that particular category.
One way to make this system even more effective is to put the receipt for each purchase in the envelope once you spend the cash, so you know exactly where your money goes, Meyer added.
2. Go cash-only
They say cash is king, which is why some people make a cash withdrawal of a portion of their paycheck to use for discretionary spending, Jennifer Lane, a certified financial planner at Compass Planning, told INSIDER. That way, when the cash is gone, you know you’ve used up all your “fun” spending money, she said.
3. Freeze your credit card
Yes, literally freeze it.
Several experts recommended this tip for helping you stop spending money you don’t have.
Freeze half a bowl of water, add the credit card to the bowl then top off the water and freeze… the card is suspended in the ice giving you plenty of time to think before making a big purchase.”
Of course, this only works if you have not memorized your card number.
4. Learn to make things instead of buying them
One of the most straightforward ways to save money is to simply learn how to do and make more things that you would normally spend money on.
You can make your own cleaning supplies, bug repellents and even bake your own bread and grow your own vegetables if possible.
And the benefits might be more than just financial. One woman was able to quit her job at age 32 by being extremely frugal