13 Easy Ways Our Team Will Save Over $21K This Year!
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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 these easy and smart 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. Lina cut ties with her cable company and saved $1,200.
Potential savings of ditching cable: $100 each month, or $1200 in a year.
I’m sure I’m not the first person to tell you this: cutting ties with your cable company can free you from a hefty service contract, especially when you only watch a few of the channels. Streaming services are wildly popular, and you can pick the networks you actually want to watch. Lina made the switch and has saved $100+ each month!
If you’re ready to make the switch, check out some of these cable network streaming services:
On a related note, here’s how to watch TV Shows, movies, & live sports for cheap or FREE!
2. Bryn lowered her monthly bill to save $720.
Potential savings of lowering your cable bill: $60 each month, or $720 in a year.
Cable companies don’t want to lose subscribers. That’s why, when you call to tell them you’re done with the service, they typically pull out all the stops to get you to stay—most of the time by lowering your bill. Bryn used this hack not once, but TWICE, and has saved huge each time! In her second call to DirecTV, she was offered $60 off a month if she stayed with the service.
3. Jamie saved $2,145 by making extra principal mortgage payments.
Potential savings doubling your mortgage payment: In the $47.2k savings scenario below, you could save $178 monthly, or $2,145 each year.
Your home is likely the biggest investment you’ll make in your lifetime. That said, you can still save on interest in the long run. One approach is to pay more on your principal each month, thus reducing the total that your interest payment is based on.
“We pay double our monthly mortgage principle, so we’ll have this loan paid off in 15 years (and we’ll save well over $100,000 in interest payments).” – Jamie
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
Really, any additional payment or speeding up your payback schedule can save you big time! On the average US loan of $215,500 at 4.1%, so you could save roughly $47.2K just by paying an extra $200 on your mortgage and have your home paid off 8 years sooner. Additionally, you could save $61.8K if you switch to bi-weekly payments over monthly installments.
Calculate the savings for your home scenario using this Mortgage Calculator.
4. Emily canceled unused subscriptions to save $420.
Potential savings of sharing a delivery membership and cutting 2 unused subscriptions: $35 each month, or $420 in a year.
Do you know how much your subscriptions are costing you? In a study by the Waterstone Group, respondents underestimated their monthly cost of subscriptions by 40%! List out your recurring subscriptions and their costs, and start slicing away at the money sucks you’re no longer benefiting from.
If it’s a service you can buddy up on, consider splitting the cost. Netflix allows you to have multiple viewers on one account so no one’s watch history or viewing queue gets tangled. Spotify has a Family account, so multiple listeners can benefit for less than the cost of separate accounts. Oh, and Amazon Prime fans: you can share your Amazon Prime benefits with another person, too.
5. Collin kissed designer brands goodbye and waved hello to $900 saved.
Potential savings of ditching the labels: $75 each month, or $900 in a year.
As someone who likes nice things, I’m not going to tell you that wanting a designer purse or a high-end outfit is wrong. But I will tell you that more often than not, you can find the same look for a whole lot less… at least 50-60% less. We are a nation of shoppers (with an average $1,803 spend on retail annually), but you can still get your shopaholic fix by turning to retailers like Amazon and Walmart (yes, I just said Walmart) for trendy pieces at a fraction of the designer cost.
“Another way I save even more when I shop is by using savings apps like Fetch and Ibotta. I have all the apps in a folder on my phone and when I get done shopping I upload my receipts. I generally use that money for ‘splurge’ buys like a new pair of shoes or spending money on a vacation. You do have to be careful that you’re buying items you would normally buy and not buying things just to get the cashback though.” – Chelsey
6. Stacy saved $1,650 by shopping generic and on sale groceries.
Potential savings of shopping generic and grocery sales: $137.50 each month, or $1650 in a year.
Did you know that many of the competing brands on store shelves are actually made by the same manufacturer? Heck, there are some products we think overshadow the name brands themselves. By giving up your brand loyalty and switching to the products that are cheaper (or are at least on sale), you could shave at least 15% off your grocery bill. And given the average family of 4 will spend $10,995 on average in groceries this year, that’s a potential savings of $1,649.25! 😱
“Like most couponers, we shop the weekly ads. My grocery list comes directly from what is on sale that week. If it is a loss leader item, like cereal for 99¢ or the like, I stock up. Even without cutting one coupon, you can save a ton of money just by following the sales cycles and stockpiling what you can while prices are at their lowest. It’s like bulk shopping without the club membership. If you can buy what your family will use for about three months, you’ll likely make it to the next big sale.” – Stacy
7. Jamie capitalized on credit card rewards programs to save $800.
Potential savings of using a rewards credit card: Based on the major credit card average earnings points, you could earn anywhere from $400 to $1000 in a year.
Let me start by clarifying that taking advantage of credit card rewards points only works when you have the ability and discipline to pay off your credit cards in full each and every month. Otherwise, you’ll load up interest or even late payment fees costing you money and your sanity.
If you think you’d benefit from earning rewards from your purchases, check out Nerd Wallet’s round-up of the best credit cards specific to your lifestyle.
“We use credit cards to pay all of our bills, but we also have the discipline to pay them off every month. This allows us to rack up points which earn dining out gift cards. We use those cards in combination with restaurant offers, like free kid’s meals, to eat out. That eliminates that dining out line from our budget so whatever we would have spent can go into saving us from accumulating debt or paying off debt, whichever the case may be.” – Stacy
“We shop (and pay off) our Kroger rewards credit card monthly, so we get $800 in free groceries annually. I use that card to pay for everything from roofing, to window replacement, to college expenses for kids–literally anything they’ll allow me to use it for–that way, I can max out my rewards points toward groceries.” – Jamie
8. Emily used an app that saved her $2,200.
Potential savings of using a savings app: $184 each month, or $2,200 in a year.
Emily has raved in the past about Digit, the app that moves small amounts of money from your checking account into a savings account without you even noticing. While it’s easy to set up and user-friendly, the biggest drawback is the monthly $2.99 fee.
Some will argue that paying this charge is counterintuitive to saving, but in her perspective, the $36 she paid to use this app in a year’s time was well worth the $2,200 she ended up saving.
9. Bryn saved $169 in 5 minutes with a car rental hack.
Potential savings of using this rental car hack: $169 one time or $507 a year if you rent a car at least 3 times.
Bryn shared a super easy rental car tip that was suggested to her by her father-in-law. And even better – the tip worked like a total charm!
All she did was sign in with her chosen rental car partner company site (which was Costco, since she’s already a member there) and searched for the car she ultimately wanted to end up with. Then every day she would log back into the site where she initially made her car rental reservation and performed the same search. Eventually, she noticed a huge price drop and was able to book her final reservation. There are some important tips that she shared, so make sure to read them here before you go booking a rental car yourself.
“It literally took me under 60 seconds each day to log into Costco.com and search for the rental car, and it totally paid off! Now my family can use the $169 savings to splurge on something else fun on our trip!” – Bryn
10. Sara started shopping at ALDI and has saved $5,280.
Potential savings for dropping higher-end grocers and shopping at ALDI: $440 each month, or $5,280 a year.
We are huge ALDI fans over here and just by simply shopping for your groceries here, you can really save a lot of money compared to other grocers like Giant, Wegmans, and so many others. If you’re new to ALDI, we shared some of the best food items you can buy there!
Plus, thanks to their shorter hours, minimalistic product options, streamlined checkout, and exclusive brands, this grocer offers affordable goods for every budget and gives us so many reasons to shop there. That said, you’ll save even more money with these genius hacks.
“I recently started shopping at ALDI. The bigger my kids get, the more money I was spending at Giant and I couldn’t keep up with the close to $300 every 2 weeks that I was spending. So I gave ALDI a shot and I’m still shocked at what I’m saving every time I’ve gone. Organic produce and farm-raised meats are at least half the cost I was spending at Giant and I’m finding that I buy just what we need for 3 meals a day and have never spent more than $100 for a cart FULL of food! I typically spend around $80 and still can’t get over it! I also love that I’m using reusable bags every time I shop and I’m in and out in no time with their fast checkout! I literally can’t imagine shopping anywhere else again!” – Sara
11. Jenna is savings $600 while shopping online.
Potential savings when shopping with Amazon Subscribe and Save: $50 every month, or about $600 or more a year.
If you’re having a hard time believing that you can automate your shopping to save both time and money, you can with Amazon Subscribe and Save! Jenna was doubtful at first, too, but her family has been using this service every month since their kid’s diaper days, and they’ve never looked back! She even shared her tips on how she shops and saves the most money on her orders.
Amazon offers a 5% discount on any item ordered through its Subscribe and Save program. That discount jumps to 15% when you order 5 subscriptions at a time! I always make sure to order at least 5 Subscribe and Save items every month to get that 15% discount. Don’t need anything this month? No problem! You can easily skip your deliveries or cancel your subscriptions at any time!
“I just went through some of my last Subscribe & Save orders where I’ve bought a little bit of everything – vitamins/health supplements, protein powder, lunchbox snacks for the kids, juice boxes, makeup & skincare, bar soap, hand soap, razors, cleaning products, garbage bags, batteries (I LOVE their batteries)… I probably save so much because I buy so much! LOL
Once you order 5 qualifying items, you get a 15% discount, and that discount alone usually makes everything cheaper than the in-store price. These things are almost always cheaper on Subscribe & Save without going to the trouble of cutting coupons for the store. It’s even cheaper than buying in bulk at Sam’s! It’s fair to say that I save an average of $50 or more every month.” – Jenna
Hip Tip: If you’re having trouble finding 5 items that you actually need, check out these filler items that are less than $2 so you can score your 15% off discount!
12. Chelsey saved $1,000 on her home in about 10 minutes.
Potential savings when switching insurance companies: $83 a month, or about $1,000 a year.
According to Nerdwallet, the average homeowner pays nearly $1,100 a year to protect their home. In Chelsey’s case, however, she was paying much more than that and in about 10 minutes she was able to switch companies and save about $1,000 a year!
Not only can you make a short phone call, but there’s plenty of other ways you could save on your homeowner’s insurance, such as bundling your home and auto insurances, improve your credit score, raise your deductible, make your home more secure so you can get a cheaper rate, or even obtain additional discounts for not smoking in your home or if you’re making automatic payments.
“Our family saved big this year by switching insurance companies. I’ve had the same home insurance for 5+ years but recently switched and will be saving over $1,000 a year. It was super easy too! I have all my insurance through Geico, and I set up my home through them, even though they aren’t the ones that provide it. I called and said I wanted to price out some other insurance companies, they looked up the cheapest ones, I picked a company and they transferred me over. It probably took me less than 10 minutes.” – Chelsey
13. Our whole Hip2Save team saved $4,825 on home goods.
Potential savings when you’re not splurging on home goods at Anthro: up to $4,825 annually if you’re buying 5 major decor or furniture pieces a year.
We really love Anthropologie, but the prices definitely aren’t in the average shopper’s budget. In fact, they don’t really mesh with any practical budget. That said, if you haven’t already seen all the knockoffs we’ve shared, you can score some really incredible dupes on Amazon that not only look just like Anthro but cost much less! (Your budget and home will thank us.) 😉
From beautiful kitchen goodies to stunning, trendy home decor, we’ve already saved so much money by NOT shopping at Anthro – which I honestly never thought I’d hear myself say. You can thank Amazon for that since they’ve really stepped up their home decor game and made it all possible!
“I love shopping on Amazon! Not only is my Prime shipping always fast and accurate, but I can see so many great reviews on highly-rated products. Aside from all the fabulous home decor I’ve found, I have also scored plenty of clothing and accessory dupes that look identical to Anthro’s stuff – such as this monogram letter necklace (under $10), a blanket scarf for winter, and my new favorite chambray shirt!” – Sara
Want to learn more ways to keep some extra cash in your pocket?
Check out our 10-Week Financial Boot Camp! In this series, you’ll receive weekly emails featuring money-saving challenges, helpful tips, and even budget-friendly meal ideas to keep a little more cash in your pocket.
Read up on more ways to save money this year!