How Do I Save Money?

how do i save money

It’s the question I ask myself most often.

And it’s the question I get asked most often…

How do I save money?

Fortunately for all of us the answer is hidden in the question.

Let’s solve this mysterious riddle of life…

How Do I Save Money?

Do I Save Money?

I Save Money.

Save Money.


Boom!ย There it is. The answer to the most asked and most elusive question about money.

How do you save money? You just do it!

How do you ride a bike? You jump on it.

How do you learn guitar? You start rockin’!

How do you learn to cook? In the kitchen!

There are no tricks. There is no secret. You are either saving money or you aren’t.

People are always looking for a work-around when it comes to saving money. Good news… there is no secret work-around.

Think about it for a second, if there was a secret work-around, what would it be? Would it some how involved NOT saving money?

More good news… You already know how to save money, you just need to start doing it.

So, how do you save money? Give us your best super-secret work-around tip. ๐Ÿ˜‰


Money Saving Resources:

1) Digit – Digit is an app that saves money automatically for you! I use it myself and really like it. It proves that you can save money because it does it automatically. Read my full review.

2) SAVVY – Savvy is a service that will negotiate a lower monthly bill with your cable and internet providers. Check out SAVVY.

3) Savings Spreadsheet – Use this free spreadsheet to figure out how much money you should be saving each month to pay for medium sized expenses like yearly bills, vacations, and a new-to-you car. Download the spreadsheet here.

4) Republic Wireless – My monthly cell phone bill is between $20 and $30. I’ve been with Republic Wireless since 2015 and I’ve saved $1,500+ since I switched.ย Check out Republic Wireless, switch and save.

5) Honey – Honey is a search engine extension that automatically searches for and applies coupons when you shop online. It’s free. It saves you money. I use it. I love it. Check out Honey!

*All of these are affiliate links (except the free spreadsheet of course).

16 Responses to "How Do I Save Money?"

  1. FinanceSuperhero   May 20, 2016 at 9:14 am

    You hit the nail on the head, Derek. One of the keys to achieving any goal is intentionality.

    • Derek Olsen   May 20, 2016 at 12:45 pm

      Yeah man. It won’t “just happen”. Good reminder.

  2. Shaine   May 20, 2016 at 9:40 am

    I use my savings as a credit card. If I want to buy something, I borrow the money and pay it back with interest. My savings keeps growing and I don’t deprive myself of big purchases. There is the burden of tracking how much of each loan is paid off; but, the approach has been very beneficial so far.

    The reason I started this is that I came to realize that I need a core of money that I can use to buy the things I want such as gadgets or investments. So, even investments are done with borrowed money from my savings. If I want to buy $1000 of stock, I borrow the $1000 and then pay back $1100.

    This works because many of us are wired to want to pay back debts. By making my savings a source of debt to self, I focus on paying off my self loans as quickly as possible. In this way, I achieve savings rates greater than the typical 10-15%.

    • Derek Olsen   May 20, 2016 at 12:49 pm

      Whoa! That is a great idea!!! I never would have thought of that.

      I can see your savings would GROW each time you borrow from yourself, not go DOWN.

      Good lord, you kinda blew my mind.

    • Matt Spillar   May 20, 2016 at 2:58 pm

      This is a fantastic idea!

  3. Liz   May 20, 2016 at 11:32 am

    Do it! The only way I make this happen is put my desire savings amount into the savings account first, before anything else. (OMG -I am a pre-teen in disguise: savings is my BAE!)

    • Derek Olsen   May 20, 2016 at 12:50 pm

      Yeah dude, pay yourself first. It’s the only way.

      I need to practice this more often.

      -BAE (haha)

  4. Kurt   May 20, 2016 at 12:19 pm

    My super-secret work around tip: stop caring what friends and family think about how you dress, what sort of car you drive, how big a TV you have, etc. Instead of feeling embarrassed about non-stainless appliances, non-granite countertops, and popcorn ceilings, imagine the embarrassment of your friends who will spend exorbitant amounts to change such things if net worth statements were as easy to see as all this stuff that doesn’t matter! ๐Ÿ™‚

    • Derek Olsen   May 20, 2016 at 12:53 pm

      I guess I’ve got this nailed.

      One car family. 11 year old car.
      No TV. (But we do have a sweet projector that we use to watch movies!)
      Clothes? LOL!!! My clothes are ridiculous.

      You are right, it pays to not care sometimes.

  5. Matt Spillar   May 20, 2016 at 2:56 pm

    Simple, yet spot on. People always want to find shortcuts in life. To wealth, losing weight, succeeding in their career, etc. You’ve got to put in the work, be disciplined, and be intentional. Only then will the results come.

    • Derek Olsen   May 23, 2016 at 8:27 pm

      Yeah man.

      You just run straight towards what you want, why would you even think there is another way?

      Of course, I’m guilty of thinking and acting like there are easy ways to achieve things. So, I have to remind myself of this stuff all the time.


  6. ZJ Thorne   May 23, 2016 at 9:54 am

    People asked me so many times how I completed a marathon. My answer was true, but unwelcome. You just keep going.

    • Derek Olsen   May 23, 2016 at 8:23 pm


      I thought about using that comparison but I’ve never run more than a mile. ๐Ÿ˜‰
      (Carrie has run a marathon and 2 halves.)

      I’m imagining you saying “you just keep going” in a super sarcastic tone and it’s really funny in my mind.


  7. Michelle   May 25, 2016 at 11:54 am

    I love this! When you want to do something, you just do it.

    • Derek Olsen   May 25, 2016 at 6:44 pm

      I think *want* is the key word here.

      Those who only want it to come easy don’t really want it.

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