savings

Ways to Stop Wasting Money

You'll keep more cash if you follow our advice.

Car insurance that costs too much, bank account fees, home-energy wasters or mutual funds with high expense ratios. Each of those leaks in isolation won't damage your finances, but all of the drips can quickly add up to big bucks—maybe even thousands of dollars a year—going down the drain.

We identify typical leaks and show you how to fix them so you can keep more money in your pocket.

1: Hunt for Discounts

Sites like retailmetnot.com, promocodes.com and joinhoney.com can scour the internet for promo codes and discounts. Honey also searches Amazon.com for the lowest price. But don't just assume Amazon has the best deal. Check out walmart.com as well.

2: Avoid Shipping Fees

Bradsdeals.com will help you find 50 stores—including big names like Coach, Microsoft, Neiman Marcus, and Ray Ban—that always offer free shipping with no minimum purchase.

Also, many big retailers will give you free shipping if your purchase is sent to a nearby store.

3: Buy an Older-Model Phone

When you're due for a phone upgrade, save $100 or more by skipping new, pricier models and going with their cheaper, almost-as-good predecessors. The iPhone 8 retails for $700, but a new iPhone 7 starts at $550. The Samsung Galaxy S8 sells for $725, but the Galaxy S7 costs $450.

4: Raise Your Homeowners Deductible

Raising your deductible from $250 to $500 or $1,000 can cut your premiums by 15% or more. It also makes you less likely to file small claims that could boost your premiums or lead to cancellation of your policy.

For many more money-saving tips, see 28 Ways to Stop Wasting Money

Most Popular

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!
estate planning

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!

Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly apprecia…
July 3, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
5 Ways to Prepare for a Recession
recession

5 Ways to Prepare for a Recession

The signs seem to be pointing in one direction these days, so if you’re worried about being ready for a recession, consider taking these five measures…
June 28, 2022

Recommended

How Big Should My Emergency Fund Be?
Brandon Copeland

How Big Should My Emergency Fund Be?

NFL linebacker and Kiplinger contributing editor Brandon Copeland discusses the importance of building an emergency fund.
June 30, 2022
30 Best Kirkland Products You Should Buy at Costco
Costco

30 Best Kirkland Products You Should Buy at Costco

Many of warehouse club Costco's store-branded Kirkland Signature items get high marks for quality and value. Check out our picks.
June 3, 2022
Things You’ll Regret Keeping in a Safe Deposit Box
savings

Things You’ll Regret Keeping in a Safe Deposit Box

Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs.
May 18, 2022
The 25 Cheapest U.S. Cities to Live In
places to live

The 25 Cheapest U.S. Cities to Live In

Take a look at our list of American cities with the lowest costs of living. Is one of the cheapest cities in the U.S. right for you?
April 28, 2022