Seven Innovative Money Saving Solutions


Every so often I get a little weary of hearing the same old advice for saving money. So I’ve been wondering what, if any, innovative money saving solutions others have been implementing to save money in the long or short term.

I’m not sure whether I’m brave or committed enough to give any of these methods a try, but it does make me think that maybe it’s time for me to step outside of the financial box. Either way, here are some of the cooler ideas.

RV living is one innovative money saving solution
RV Livin’ Can Save You Thousands

Innovative Money Saving Ideas

  1. Personal Finance Shocker. One company plans to release Fitbit like bands that will give you increasingly worsening shocks as you approach and then cross your spending threshold using the attached credit or debit card. Finally a way to make spending with plastic hurt as much as cash.
  2. Downsize. If you haven’t heard, over the last few years tiny house living has become all the rage. Some of the ways that people have configured their tiny houses to minimize the need for space are downright astounding. The house can cost as little as $20,000 if you build it yourself. In addition, you save money on all kinds of things like utilities for one.
  3. There She Blows. Apparently you can get a residential windmill installed right on top of your house. These babies can generate nearly half of a household’s energy needs drastically cutting down on energy costs and providing much needed back ups in areas that frequently experience losses of power due to weather. Yes, it will probably take you nearly a decade to make your money back, but tell me this isn’t a cool idea.
  4. Live in an RV full time. Just imagine! The fun would never end. Actually, the fun would probably end really quickly depending on how many people you try to stuff into that RV. But if you’re able to set things up just so and find the right locations to park in you can substantially cut your cost of living. You would eliminate car payments, most utilities and a whole lot more!
  5. Make Your Own Soda. Have you seen those soda streams? You can save about $700 a year for a family of four AND reduce your carbon footprint since you won’t be buying all of those individual bottles and cans. Double benefit!
  6. Find a Wedding Sponsor. If you play your cards right, you could have everything from the gown, to the lodging to the rings covered by a company. Many young couples are doing it these days. They say that the marriage is what they make it. Since weddings have already become insanely expensive thanks to the wedding industrial complex is it really so wrong to want to have that same complex chip in a bit? I think not!
  7. Shop With Headphones On. It’s amazing the amount of time and money that goes into creating the perfect spending atmosphere in your favorite retailers. Take back your power by blocking out one of the many ways that they get into your head: the music. Studies have shown that classical music (versus top 4) played in a wine store often leads to purchasing higher priced items. Loud music and slow music can both influence you to spend more money depending on the store. Don’t let the store tell you how much to spend.

Have you given some or all of these innovative money saving solutions? Or even thought about them? Let us know in the comments!




About the author

Join our newsletter

Subscribe to get the latest "Engineer Your Finances" content via email.

Powered by ConvertKit Top Finance Blogs


SSCP   CAS-002   9L0-066   350-050   642-999   220-801   74-678   642-732   400-051   ICGB   c2010-652   70-413   101-400   220-902   350-080   210-260   70-246   1Z0-144   3002   AWS-SYSOPS   70-347   PEGACPBA71V1   220-901   70-534   LX0-104   070-461   HP0-S42   1Z0-061   000-105   70-486   70-177   N10-006   500-260   640-692   70-980   CISM   VCP550   70-532   200-101   000-080   PR000041   2V0-621   70-411   352-001   70-480   70-461   ICBB   000-089   70-410   350-029   1Z0-060   2V0-620   210-065   70-463   70-483   CRISC   MB6-703   1z0-808   220-802   ITILFND   1Z0-804   LX0-103   MB2-704   210-060   101   200-310   640-911   200-120   EX300   300-209   1Z0-803   350-001   400-201   9L0-012   70-488   JN0-102   640-916   70-270   100-101   MB5-705   JK0-022   350-060   300-320   1z0-434   350-018   400-101   350-030   000-106   ADM-201   300-135   300-208   EX200   PMP   NSE4   1Z0-051   c2010-657   C_TFIN52_66   300-115   70-417   9A0-385   70-243   300-075   70-487   NS0-157   MB2-707   70-533   CAP   OG0-093   M70-101   300-070   102-400   JN0-360   SY0-401   000-017   300-206   CCA-500   70-412   2V0-621D   70-178   810-403   70-462   OG0-091   1V0-601   200-355   000-104   700-501   70-346   CISSP   300-101   1Y0-201   200-125  , 200-125  , 100-105  , 100-105  , 1Z0-803  , 400-051   EX300  , CISM   100-105  , 000-106   400-201   642-732   220-902   70-410  , MB6-703   810-403   70-243  , CAS-002  , AWS-SYSOPS   70-462   70-410   2V0-621   LX0-103   70-461  , 220-902   1Z0-144   70-178   70-270   350-080  , 1Y0-201   1z0-808  , NSE4   102-400  , ADM-201   SSCP  , 200-125  , 640-911   000-104   640-692   300-320   350-060   000-089  , 000-017   1z0-808   700-501   1Z0-051  , 70-177   M70-101   300-209   70-461   3002   N10-006   VCP550   70-487   300-320  , 3002   700-501   NS0-157  , 1V0-601   CAS-002