13 Easy Ways Our Team Will Save Over $12K This Year!
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New year, new goals, so we’ve rounded up the best ways to save money this year.
We save money for a living!
Our team is dedicated to serving you with the best deals to save you the most money, and we’re just as committed to helping you keep more money in your wallet. Check out the best ways to save money right from our very own Hip2Save team members, and see how much you can save in a year’s time!
1. Krystal found a great hack to think before she buys, and it saved her around $4,800.
Ever want to know how much you really want something? Browse around, fill up your online shopping cart, and give it 24 hours. If you still need it, then purchase it! That’s what my team member Krystal shared with us which is the perfect way to avoid impulse buying.
“I add things in the virtual shopping cart I want and wait a day. If the next day I still want or need the items, I buy them. If not, I remove them from the cart. Whatever I remove from the cart, I never add back in. This trick has saved me hundreds, especially when it comes to makeup!” – Krystal
2. Stacy’s gift closet saves her $700 on presents year-round.
Stacy has an awesome hack that saves her tons of money for Christmas and birthday gifts! She buys things as they’re on sale throughout the year, creates a gift closet, and lets her kiddos pick out what they want on their special day. What a great way to save money and grab tons of gifts the kiddos will love. Score!!!
3. Chelsey paid off her 30-year mortgage in under 10 years and saved $4,000 in interest!
Your home is likely the biggest investment you’ll make in your lifetime. That said, making additional payments, no matter the size can have huge beneficial impacts on paying off your home early. Our Hip teammate Chelsey did this, and she’s now living debt-free!
“We paid off our 30-year mortgage in just under 9 years! We always put extra money that wasn’t budgeted elsewhere towards principle, whether it was $10 or $100, we’d pay as much as we could. Our lender didn’t charge for early payoff and we could make multiple principal payments each month which allowed us to pay it off early and saved us thousands of dollars in interest! – Chelsey
Another idea is to look into refinancing your loan for a lower rate. Then, by changing your mortgage term from 30 years to 15 years, you can save thousands on interest and pay your mortgage off quicker.
“We refinanced after about 2-years in our home to a 15-year mortgage. It ended up being about the same monthly, but we’ll pay it off much faster.” – Stacy
Curious how this could work for your home situation?
On average, the US home market is $272,500 figure at a 10% downpayment, leaving a loan of $245,250, so at a 30-year fixed, you could save roughly $46.2K just by paying an extra $200 on your mortgage and have your home paid off approximately 7.2 years sooner.
If you made bi-weekly payments without that extra $200, you’d save about $26.4K and would pay off your home 4 years earlier. Additionally, you could save $62.7K if you switch to bi-weekly payments in addition to that extra $200 and have your home paid off 10 years sooner. 🤯
Calculate the savings for your specific home scenario using this Mortgage Calculator.
4. I saved $225 on my prescriptions by using PrimeRx.
Thanks to a post we wrote about PrimeRx, I was introduced to the PrimeRx Prescription Card, and now I can’t go back! PrimeRx has rates that are better than other similar services such as GoodRx. I saved $45 on my medication with the same dosage and at the same location!
You can grab a prescription card for free; as long as you’re an Amazon Prime member or part of a Prime household, it’s included in your membership! You can check out more regarding the PrimeRx prescription card savings here!
*Note that select Prime accounts are not eligible for this offer.
Not an Amazon Prime member? Here’s how you can get a 30-day FREE trial, which will include access to your very own PrimeRx card! This is the best way for non-Prime members to see if the PrimeRx card is right for them.
5. Save $100 by growing your own veggies instead of buying them.
Vegetables can be a hassle to buy due to unnecessary markups and quick expiration dates. One team member found a hack and decided to stick veggie scraps from the supermarket in the dirt and grow them herself! This way, she’s able to get an unlimited supply of what she wants and needs at the best price while having easy access to super fresh ingredients!
6. Readers have suggested calling any service provider to ask about the best rates possible.
Readers have been mentioning a straightforward yet effective tip; for ANY provider, including insurance, cable, phone, etc., give them a call and simply ask if you’re getting the best rate,
“I took a class on dealing with confrontation and one thing they suggested was calling your insurance company and saying, ‘Am I getting the best rate?’ They said the worst that happens is you lose 15 minutes, the best is that they can work at a better rate for you, making it a pretty harmless confrontation, but helps people deal with more difficult situations (practice makes perfect and all).
I didn’t save much, but one lady saved over $700 with this homework assignment. She was THRILLED!! So maybe instead of changing insurance, you could ask if you are getting the best rate.” – Cassie
If you’re wondering which streaming services have the best rate, we have a price comparison sheet!
7. Emily saved $150 by using this Amazon Rebate Site.
Emily owes all her savings to Rebaid, which is a site that offers rebates on tons of products and is free to join. Their offers apply to sites including Amazon, Walmart, eBay, and Etsy. Sometimes, they offer 100% FREE rebates, meaning you basically get your items for free; this is exactly how Emily scored her free items!
For more info on how you can get these rebate checks direct deposit, check out Emily’s full review of her Rebaid experience!
8. I got free gift cards and saved $100 just by snapping pics of my receipts.
Thanks to Fetch Rewards, I was able to grab some gift cards and save big on my purchases just by snapping pics of my recipes from the grocery store and other participating retailers! At first, I thought it was going to take a while to do, but in just a matter of weeks, I was able to rack up thousands of points.
Even better, invite your friends to join the app and you’ll both get thousands of points! It’s well worth the extra thirty seconds to document your savings on this app; they even accept email receipts. Here are some other reasons to try out Fetch Rewards this year.
9. Save up to $660 on your phone bill with a discount carrier.
Phone bills can be one of the biggest financial vacuums we have. As one option, you should check out Visible Wireless! It’s part of Verizon’s network, and it includes unlimited talk, text, and data for as low as $25/month, with the max at just $40/month if you don’t opt for the Party Pay plan.
“I used to use Verizon, and while I loved the coverage, I was paying $80+ per month and wasn’t even getting unlimited data. I switched to Visible and now use their Party Pay feature to get unlimited talk, text, data, and hotspot for $25 per month–and that’s it. No hidden fees, taxes, or anything. I’m super happy with the service & saving over $50 per month so I have no plans on going back!” – Visible customer
10. Chelsey has earned some extra cash and items for surveys!
A few of our team members partake in the Pinecone Research side hustle, and we couldn’t recommend it more! The sign-up process is extremely easy, and although you only make $3 per survey, it’s too easy not to sign up for. You may even get some free products, too!
“The surveys come sporadically so you’re not making a ton of money on them but they are super easy to do and generally they take less than 5 minutes. Plus, every survey pays out $3 and some of them will send you free products to test out!
A few months ago, I was able to test out diapers, and I received a HUGE box of diapers to test which was awesome, plus I made $3 for taking the survey.” – Chelsey
11. A few Hip team members downloaded a gas savings app and saved $100.
Thanks to the BPme app, we took advantage of getting $0.05 off per gallon of gas for our cars! Upon signing up, the app will give you an immediate promo code to save big on top of showing you which gas stations in your area are the cheapest. With rising gas prices, this is one of the easiest ways to save money this year!
12. Emily saved $300 by bundling her home and car insurance… and then $1,200 bundling anywhere else possible!
One of the best ways to save money is bundling! Bundling can save you so much more than buying it individually. Not to sound like a commercial, but Emily bundled her car and home insurance with Geico and saved around $300 for the year — I guess that gecko really doesn’t lie in the commercials! 😂 Since then, she’s taken this experience and applied it to pretty much anything she can bundle.
As a result, she’s saving TONS on her internet, cable, and cell phone, too!
“I heavily got into bundling all the things! After saving on my insurance, I took to my home services. My boyfriend wanted to add cable to our internet plan, which was Verizon Fios at the time, but we realized Verizon didn’t offer the channels we specifically wanted. The only streaming service that offered them was DirecTV Stream, and I was not looking to spend $85+ each month!
Instead, I called Spectrum (the biggest competitor to Verizon Fios in our area), found out they had just what we wanted, and bundled our internet, cable, and both of our cell phones — our bill is now $100 LESS PER MONTH than what we would have been paying for all services separately through different providers. That’s a savings of $1,200 per year! 🤯” – Emily
13. I capitalized on credit card rewards programs to save $500.
While credit cards helped me score loads of rewards and cashback, it’s imperative to avoid spending beyond your means. We realize credit cards are not a feasible option for all, especially those trying to stay ahead of debt, but wanted to share this experience if it’s helpful to anyone exploring Amazon Prime Credit or Disney Credit options.
While being on top of my payments, I was grateful for these benefits, especially during the holidays. Every time I paid off one of my credit cards, I was able to get tons of points on Amazon and grab a bunch of my gifts for free!
I also have a Disney Visa, and every time I use it, I get a certain percentage back on a Disney Rewards Card that I can use for any Disney purchase, whether it’s at the store, in the parks, or even Broadway plays! They also give you a $300 credit upon signing up if you spent $1,000 in the first three months.
What clever tactics are you using to save this year?