The reason why so many people dread the idea of saving money is due to the misconception that this is something incredibly complex or that it requires too much self-sacrifice. The verb saving and the adjective frugal often get associated with ideas of extreme austerity, nonetheless, this is seldom the case. With the right lifestyle resolution and a saving plan, you can significantly improve your finances without having to sacrifice your favorite luxuries. With this in mind and without further ado, here are the top four ways to save money in 2018.

1.      52-week saving plan

One of the best ways to start saving money without giving up any major luxury is to adopt a saving strategy. For instance, you can embark on a 52-week saving plan, where you deposit $1 on the first week, $2 on the second, $3 on the third and so on. By the end of the year, you will be able to save $1,378, which is a substantial sum. Of course, you don’t actually have to start at $1. For instance, by starting at $125 and raising it by $25 every week, you can save $10,000 by the end of the year. Nonetheless, it goes without saying that this may not be as easy.

2.      Pick a bill or a coin

Another saving strategy can be to try and save a specific type of bill or even coin. For instance, if you decide to place every single dime that you have in a 2-liter plastic bottle, by the time you fill it up, you should amass about $500. On the other hand, you could get a savings jar or a piggy bank and fill it with all $5 bills you encounter. This too is an easy way to save quite a bit of money, and in this way, your saving efforts will be completely seamless too. The greatest disadvantage of this strategy (when compared to the one discussed above), lies in the fact that it is much harder to calculate the current status of your savings stash. Moreover, your saving efforts become more random.

3.      Look for cheaper options

A lot of people take things like their car insurance and their utility bill for granted. In other words, they believe that the costs are what they are and that negotiating, lowering them or switching their plan isn’t a valid option. This is, of course, not true and you can save a fortune by finding a platform that can compare energy providers you have available and help you switch to a cheaper option. As for your car insurance, you need to approach this from a rational standpoint. After all, paying insurance for a 15 years old vehicle is seldom a smart financial choice.

4.      Drop a bad habit

The next great idea you might want to consider is to quit smoking. Apart from being great for your health, on average, a potential smoker spends $2,000 per year on this bad habit alone. Still, this is just the top of the iceberg. You see, the insurance rates for smokers tend to be significantly higher than those for non-smokers. Therefore, you might save a bit more on this front. Furthermore, you should also consider quitting alcohol. An average bar patron spends about $650 per month on various alcoholic beverages. Needless to say, this money can be better spent elsewhere.


The above-listed four money-saving tips may not be easy (after all, quitting smoking can hardly be classified as easy), nevertheless, all of them are great long-term decisions. Each of the above-listed ideas can give outstanding results on their own, yet, together, they have the power to completely revolutionize your household budget. In time, this could generate enough money to pay off your debts or even create a sum you could invest in order to create an additional stream of income. Finally, there are many other great ideas online for you to consider, so feel free to conduct a bit of independent research on your own.


Dan Radak is a marketing professional with eleven years of experience. He is a coauthor on several websites and regular contributor to BizzMark Blog. Currently, he is working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies.