Personal Finance: Top 6 Money Saving Tips for 2019

Becoming financially secure is a popular New Year’s resolution for most of us. However, cutting down on expenses and saving money can be difficult due to financial emergencies, like paying off medical bills or unexpected car repairs. That being said, we have come up with some money saving tips for you in 2019 that you should take advantage of.

Top 6 Money Saving Tips for 2019

Also Read: 7 Money-Saving Hacks That Cost You More Time and Trouble

From keeping track of your expenses to smart budgeting apps, here are some of the top ways to save money this New Year:

1. Create a Household Budget

It’s hard to keep track of your spending when you don’t have a household budget. Creating a household budget can help you to track where your money goes and to be better prepared to overcome unexpected financial challenges. Without a budget, you not only run the risk of taking too much debt or damaging your credit, but you also can miss on your monthly credit card and loan payments.

2. Switch Suppliers for Utility Bills

For most of us, about fifteen to twenty percent of our income gets spent on paying household bills. Utility providers think that we will continue paying premiums, even if they go up. But the good news is that if you want to save money on utilities, consider checking a price comparison website and look for the cheapest deal in your area. You should also stop auto-renewing and challenge your utility suppliers every time a contract period is ending. You can substantially lower the cost of utility bills by periodically switching suppliers.

3. Start Using Budgeting Apps

Budgeting apps today provide you with up-to-date information about your finances and expenditures. Once you have linked your bank account, these apps allow you to manage your money by tracking your monthly income and by enabling you to analyze your spending patterns. They also help you in identifying the opportunities to save.

4. Sign Up for Loyalty Rewards

Today, most major brands offer a loyalty rewards program, including top restaurants and supermarkets, allowing you to save money every time you go there. Many restaurants even offer free menu items after you have spent a certain amount of money with them. You can use this money saving idea of expending loyalty rewards if you regularly spend at a particular retailer.

5. Avoid High-Interest Credit Card Transfer

Using a 0 percent transfer credit card is one sure shot money saving tip for 2019. Many credit providers today allow new customers to transfer their existing balance without paying interest on the debt. They do this to entice new customers, but you can use this facility as a tool to reduce your expenses. Why spend hundreds of dollars in interest every month when you can easily save money!

6. Build an Emergency Fund

Whether it’s a car repair or you need a new furnace, you should stay prepared for these unexpected expenses. According to the Federal Reserve Board’s Economic Well-Being of U.S. Households report, four in ten Americans could not even cover an emergency expense of $400. Therefore, choosing to establish an emergency fund is one of the smartest money-saving decisions you can make. Get started and set up an automatic transfer of say $40 from every paycheck to a separate savings account that’s primarily for your emergency fund.

Must Read: Online Payday Loans or Overdrafts: Choosing the Best Option

These money saving tips will surely help you in managing your personal finance in 2019. However, if you still need extra cash to fix a financial emergency, opt for an online payday loan from CashOne to help you with your needs.

Holiday Deals


Robin Williams

Robin Williams is the General Manager at CashOne, a reputable financial services company that helps consumers tide over their short-term financial crises. Our fast, convenient, and secure online loan application eliminates the unnecessary hassles or time required to procure payday loans online.

Comments are closed