Looking for quick ways to make extra cash

15+ Money Saving Hacks For Millennials


Do you ever wonder how to save money and still have a social life? The answer is money-saving hacks that trick you into saving money!

Money Saving Hacks

Ahh, the joys of early adulthood…the freedom to do what you want, but no money to do it!

It’s hard for young adults to save money because most have jobs that don’t pay very well and paying bills isn’t fun.

How can you have an active social life, if you are always broke?

The answer is to MONEY SAVING HACKS!

That sounds so simple but saving money is hard when you are broke!

Money Saving Life Hacks

When you are strapped for cash and living paycheck to paycheck, then you need to utilize some money-saving life hacks!

The urban dictionary defines a money hack as a painless way to save money like switching car insurance to a cheaper plan or eating out less. 

Basically any way to cut corners to save extra cash. 

By using money hacks you are setting yourself for a better future! 

Money Saving Hacks

Financial Hacks To Save Money

Saving money is a valuable skill, but it takes time to learn.

Building wealth takes time, but with the right mindset, it can be done!

Smart money hacks help you save money on necessary expenses because we ALL need to eat right!

Just like Benjamin Franklin said, “A penny saved, is a penny earned!”

So STOP throwing your money away on unnecessary fees and try these money-saving life hacks for millennials, that won’t change your lifestyle or take that extra cash from your paycheck!

Easy Money-Saving Hacks For Young Adults

1. Cancel Your Overdraft Protection Fees

If you don’t have money to spend, don’t spend it. It can be easy to order that pizza when you only have $4 in your bank account because you know that the overdraft service will kick in and take care of it.

However, you end up paying around $35-50 in overdraft fees for each purchase.

Stop the cycle by canceling the service.

2. Cancel Memberships and Subscriptions You Don’t Use

You know that Gym membership that you bought right after New Years, or what about that music app you no longer use?

Ditch them!

Think about all the wasted money because of not taking the time to cancel things you no longer use.

Check out Trim. It is a financial adviser at your fingertips that not only cancels unwanted subscriptions but it also negotiates lower prices on your phone and internet bills.

3. Save Your Pennies

We don’t think much about pennies, but they add up.

Pennies are lying around everywhere like the street, your couch, or even your car and you never give them a second thought.

I found this brilliant Money-Saving Challenge which is the easiest way to save over $600 with just pennies.

Check it out!

It is the most straightforward money saving challenge out there!

4. Look for Deals Before You Go Out

You don’t have to give up your social life to save money.

Check out Groupon for great deals on Entertainment.

They have discounts of up to 50% on restaurants, concerts, and tons of get-aways.

5. Learn To Invest

Investing your money is one of the smartest things you can do to secure your future.

I get it, investing your hard-earned cash can be very scary. 

Research the stock market. Learn how to invest in safe stocks. Find out how you can get a free report on what stocks you need to watch. 

6. Get Rid of Cable

Today there are so many more options than cable and satellite TV.

More people are switching to streaming apps like Netflix and Hulu-Stream 1000s of Shows and Movies – Plans Starting at $5.99/Month.

If you don’t have a Smart TV, then get a Roku, it offers all the streaming apps and many FREE movies and TV shows.

FREE Money Hacks Savings Tracker

7. Invest Spare Change

When it comes to saving money, every little bit counts!

Acorns is a neat little app that will round-up your purchases to the nearest dollar, then invest your spare change for future goals. 

Right now they offer a  $5 Bonus -Just to Sign-Up For Acorns! That means that they will deposit $5 into your account to help you start saving.

Acorns are free for college students and as low as $1/month for everyone else.

This money-saving hack is like having a savings plan on autopilot.

8. Resist Impulse Purchases

Have you heard of the 30-Day Rule?

It is a simple method to prevent impulse purchases.

Instead of buying something, you must wait 30 days.

If at the end of the 30 days you still want it, then you can buy it, but you can’t put it on a credit card.

This rule is beneficial because it teaches the habit of delayed gratification, as well as curbing your urge to spend.

Many times after the 30 days is up, you no longer want the item, saving the money after all.

9. Refinance Your Student Loans

Most young adults just graduated college overwhelmingly in debt with student loans.

Most of us take the offer we are given when we apply for student loans, however, there are BETTER rates out there.

Check out Credible to see what kind of low rate you can get.

You might just cut your loan payment in half.

10. Switch Cell Phone Providers

We need our cell phones, we use them daily!

In fact, we feel naked without them. The downside is they are a huge drain on our bank accounts. 

The big cell phone companies merged several years ago, making it harder to find cheaper cell phone plans. 

Well you are in luck because there are TWO new cell phone companies that are offering deeply discounted plans!

Tello offers UNLIMITED talk, text, and data for only $39/month.

Mint Mobile offers UNLIMITED talk & text and 2GB of 4G data for only $15/month.

So choose the plan that is right for you and make the switch, I did!

11. Switch Your Light Bulbs

Your electricity bill is a significant drain on your wallet.

An easy fix is to replace your light bulbs with LED bulbs. Most (nice) energy companies will send free LED light bulbs if you contact them.

Call your energy company today and ask them what freebies they will send to help you cut the cost of your electricity.

12. Dine-In More and Save Money

Eating out can be a significant expense. Save hundreds of dollars every month by getting in the habit of eating at home. 

Yes, groceries can be expensive as well, but you can buy a week’s worth of groceries for the cost of two good meals out.

Use the Ibotta app to save money on groceries.

It is a FREE app that pays you money every time you buy groceries. Shop with Ibotta in-store and online get to $20 in Welcome Bonuses!

13. Get Cash Back

There are many ways to get cashback on your purchases!

I use the app CoinOut that was introduced on Shark Tank. CoinOut is a legit app that pays you for every receipt you scan.

It has a built-in scanner and only takes 5 seconds to scan your receipts. Not only that but it pays you for EVERY receipt you scan!

14. Get Refunds

Use Rakuten every time you make a purchase to get 40% cashback! It is completely free to use and has so many perks! As an added bonus they will give you $25 for every friend you refer.

It is legit and puts cashback in your wallet with no questions asked. 

15. Walk Or Ride a Bike

If you live in an urban area then walk or bike to where you need to go. Not only is it good for you, but it’s good for the environment. 

Download the free app SweatCoin to make money for every step you take. This money-saving hack is a Win-Win!

16. Don’t Play the Comparison Game

In today’s world of social media, it may be easy to think everyone has better things than you do.

Don’t compare your behind the scenes with everyone else’s highlight reel.

The comparison will still your joy and your PAYCHECK.

Don’t buy things you don’t need, with the money you don’t have, to impress people you probably don’t like anyway.

Related Post: 50 Frugal Life Hacks That Let You Still Enjoy Life 

Best Money-Saving Tips For Young Adults

There you have it, the easiest money-saving hacks for millennials!

Do all these things, and you will be surprised at how much money you start saving.

The best savings tips don’t change your lifestyle and are easy to incorporate into your daily life.

Remember, you don’t have to give up your social life to save money.

Money speaks one language, “If you save me today, I will save you tomorrow.”

If you need extra help, grab the free savings tracker to help you keep track of your money!

For some great ideas to make extra money check out CREATIVE WAYS TO MAKE EXTRA MONEY.

Don’t forget to check out my Smart Money Resources page for more money-saving tips.

If you want to stay up-to-date on new Money-Making Ideas then sign up here to never miss a chance to add some cash to your pocket!

Bonus: More Money Saving Hacks

Free Money Making Apps You Need To Download Now

25 Real Ways To Make Money From Home That is LEGIT

Fun Ways To Earn FREE Gift Cards!


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  1. Farrah says

    What’s Happening I’m new to this, I stumbled upon this I have found It positively helpful and it has helped me out loads. I hope this assist other users like its helped me. Great job.

  2. Vox says

    I love that idea of reviewing your monthly subscriptions. In fact, I am planning to do this soon, since that monthly fee can add to hundreds of dollars each year, especially if it’s a service we don’t use. —We cancelled Sam’s Club about 5 years ago, and we haven’t looked back; we don’t even miss it. Thanks for sharing awesome info.

  3. Miguel says

    Thank you for these easy money saving tips. I am going to be passing these on to my daughter who will be leaving for college this week.

  4. Tyree says

    Always looking for easy money saving tips for my granddaughter who is in college. Today’s world is a lot harder than it was when I was younger.

  5. Debt Smashing says

    Really great tips. Especially the ones about subscriptions. I’ve been thinking about refinancing my student loans, but want to make sure first before deciding. Great article!

  6. BeccaLois Blogs says

    Great tips for anyone of any age! I want to buy a house in the next couple of years so this year I’m really watching the pennies. It’s so easy to think ‘oh that’s only a fiver’ but it’s those little purchases that I’m cutting down on, and have been able to save more! Becca x

  7. Mariam says

    Thank you for all the helpful advice! I never thought of saving my change but I can see how that can add up to a good amount over a period of time. I also love cash back sites!

  8. Jillian says

    As soon as I get a new phone I need to download that acorn app and re-install ibotta! That pennie savings challenge looked like a good idea. Thank you!

  9. Kevin says

    These are great tips. I’m even going to try to employ some of them myself. The cell phone tip looks promising and switching the light bulbs is another we can tackle right away. Good stuff!

  10. Morgan Tyner says

    There is so much goodness in this post! I love the tip about canceling cable. My hubby and I definitely did that – who needs it, right?! Like you said, it’s so easy, right now, to just stream. stuff we’d want to see. We don’t watch much TV anyways. Also, you’re so right about cooking in versus eating out all the time. My husband and I now cook most nights, so eating out is more of a special occasion for us – which I love!
    Thanks so much for this excellent share!

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