How to Save $2600 in 12 months! $50 a week!


Trying to build up your savings is one of the hardest things to do when money is tight. So many of us are living paycheck to paycheck and can barely find the money for their next meal, how in the world are we supposed to build their savings?

When you think about having $2600 in your savings next year, how does that make you feel? Pretty darn good, eh? (Wow, there’s the¬†daily proof that I’m super Canadian).

Saving money doesn’t have to be as hard as we make it out to be. If you were to implement a few of these 10 small changes into your life you can¬†easily¬†save $50 a week and make this goal a reality. Let’s make it happen! $2,600. 12 months. You got this.


10 Ways to Save up to $50 a Week

#1 – Try Free Entertainment

As a 20-something, most of my social invites include nights out at a bar or an expensive dinner with friends. The key to being able to save money is to satisfy the need for social interaction by figuring out some great free or super inexpensive alternatives to going out every Friday night.

Some of the most fun nights I’ve had with friends were game nights, which costs no money if you already own the game. Game nights are great because you can sit around for¬†hours¬†eating cheap snacks and having a bottle of wine.

Another inexpensive option is having a potluck dinner with your friends instead of going out to dinner. Everybody brings a few dishes and some drinks and you get to try all sorts of variety!


#2 – Drop Subscriptions

We live in an age of subscription boxes and online streaming services for just about everything. We need to ask ourselves how many of these services do you really need to survive? 

Unfortunately, the answer is zero. I’ll admit, I’m¬†obsessed¬†with Netflix and I’ll never get rid of that since we don’t have cable.

One awesome feature that¬†most¬†online subscription services offer is they give you the option to pause or skip the month if you can’t afford it that time around. I do this every month with my Just Fab subscription because I don’t need 12 new pairs of shoes a year.


#3 – Plan Your Meals Ahead of Time

Meal planning is really important when it comes to keeping your grocery bills at a reasonable level and not spending tons of money eating out. Failing to plan means planning to fail! 

Recently, I discovered this website called $5 Meal Plan where for only $5 a month they’ll send you a detailed meal plan for each week and a grocery list! That’s 4 meal plans for only $5, how crazy is that value? I’m the type of person who would cook the same 5 meals every week if my family would let me, but $5 meal plan keeps it super interesting. You can try $5 Meal Plan FREE for two weeks, woot woot!


#4 – Make Your Savings a Bill

A very popular personal finance quote is “do not save what is left after spending, but spend what is left after saving.”¬†This is a great financial principle to live by. There are so many of us going through our lives thinking that we don’t have the money to be able to build up a savings account because we have¬†“too many expenses” but let’s be real, if we try harder, we could make it work.

To keep yourself more consistent, you can setup an automatic payment every week that you get paid that will shoot straight towards your savings account. It can be as small as $5 a week to start, you won’t even realize the money is gone.

Once you realize that you don’t miss that $5 a week, you can increase it to $10 and so on. Saving money is best when you don’t have to think about it, and you don’t see the money first.


#5 РShop at Discount Stores First

When you’re young you want to be seen as¬†cool by your peers, and let’s be real, discount stores¬†aren’t the coolest,¬†but saving money sure is! (I am a dork, I’m aware).

Discount and dollar stores have a lot of awesome brand names and cheap stuff that you can get for half the price compared to a regular big box store and they (usually) work just as well. It’s all about perception. If you need people to perceive you to be this super bougie person who can afford to spend an extra $5 for laundry detergent, do your thing, but you won’t be able to save money.


#6 – Make Your Coffee at Home

I totally understand your need to caffeinate in the morning, there are some days where I swear I wouldn’t be able to function without caffeine. However, I’m definitely not the type of person who needs to go to a fancy coffee shop and spend more than $5 every single day. A great way to save money is to invest in a decent thermal mug, and a french press, and make your coffee at home. It’ll taste great (maybe not starbucks great, but great) and you’ll save $2-3 dollars a day!


#7 – Cut Out Junk Food

Ahh, the dreaded cutting out of things that make us feel good. This is one of the tips that will help your wallet and your waistline, more bang for your buck. 

Junk food is one of the most expensive foods you can buy for the amount of nutrition that is actually inside of it. Cutting out junk food will make you not only feel better physically, but it will also make your wallet fuller.

I’m definitely guilty of using junk food as a way of rewarding myself when something good happens, but also as a crutch when something goes wrong. I know I’m not alone on this one, who’s with me? I know that when I go on a junk food ban I always end up with a¬†ton¬†of extra money at the end of the month.


#8 – Earn Cash Back

It’s really important to make sure you can get the most¬†bang¬†for your buck when making purchases, since we can’t just go on a lifetime long shopping ban and save all the money. I have two cashback websites that I absolutely love, one for online purchases, and the other is for groceries.

  1. Ebates: Ebates is the internet’s number one cash back website, they have relationships with all your favourite websites (including AMAZON, that’s amazing right?) and you can get up to 10% cash back on all of your purchases. It’s a completely free service, so you may as well take advantage. Check out ebates today!
  2. Checkout 51: If you aren’t using Checkout 51, you’re a silly, silly, goose. Checkout 51 let’s you earn cashback on groceries, which is something you¬†can’t¬†avoid buying because everybody’s gotta eat. Start using Checkout 51 today!


#9 – Buy Generic

Anything you aren’t able to buy¬†for cheap¬†at a discount/dollar store, you can probably find a cheaper brand at the grocery/big box store. The crazy thing about generic brands is a lot of the time it’s made by the¬†exact same company¬†and it’s the same product. They just spend less money advertising the generic brand, so they don’t need to charge a mark up.

You don’t need to be paying for an insane mark up, on a product that will never leave your home!


#10 – Save on Heating/Cooling

Heating and utilities end up being a¬†pretty big¬†chunk of someone’s monthly expenses. There are a ton of great ways to save money on heating and cooling costs especially, I’ll throw you a couple easy tips.

Put on more clothes when the weather gets colder! Winterize your windows and doors to keep that pesky breeze outside where it belongs! Wear extra socks! Get slippers! And when the weather gets warmer, get naked if you need to.

Growing up, I lived in a 100-year-old home that was¬†horribly¬†insulated and my mother wouldn’t turn the heat on until the outside temperatures were at least below freezing, so I’ve learned to layer and get some blankets to save on heating.


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Final Thoughts

I know, saving money sucks. It isn’t¬†fun and it’s no fun to talk about. Honestly, developing habits of frugal people can change your entire life and how you view and use money every day. Just try and implement a few of these money saving tips at a time and try and build up that protective money cushion before it’s too late.

Thanks so much for reading,

xo Taylor




Taylor O'Halloran

Hey! My name is Taylor O'Halloran and I'm a huge fan of saving money any way I can.I'm obsessed with dogs and I love all kinds of cheese even though my stomach hates it.  I'm a recent university graduate who just wanted to do her own thing and see what happens! Follow me on the journey!


  1. This are great tip. I really need help when it comes to saving money. thanks for the tips!

  2. I do all of these apart from the coffee one! At uni I brought my own coffee everyday and I was so proud aha, but I really do enjoy buying coffees when I’m out – guilty pleasure!

    1. says:

      everybody is allowed to have a few guilty pleasures! as long as it doesn’t put you in debt haha

  3. Kelsi says:

    The coffee tip and the uneccessary expense tip are right in line with recent changes I’ve made at home! Brewed coffee is our new alarm ūüėČ It’s amazing how much the subscriptions can add up (Netflix, Blog apps etc). I recently trimmed down that list and am saving almost $40 a month!

    1. says:

      That’s awesome! There are some people that would say 40 isn’t much but that’ll add up!

  4. I literally need all of the help I can get when it comes to saving money, so thank you for these tips!

    1. says:

      Stay tuned for more tips! Thanks for reading ūüôā

  5. This is a really great list!! I have really found that planning meals ahead of time, making coffee at home, and cutting out unnecessary junk / fast food has been the hugest savings for us these past few months. It sure adds up fast!

    1. says:

      It’s so so hard to not go out and buy food every other day but it saves everyone sooooo much money

  6. Thanks for the tips. For me eating out comes up to ALOT and it is a hard habit to break. I means that we need to cook more. So I’m trying my best at that. What I do as well is cut out buying fast fashion. Clothes that are of little quality but cheaper, which means I’d buy more often.Which means I tend to spend more. So I buy better quality clothes that last me a LONG time so that I don’t need to spend excess money. Last but not least, I am skipping out on christmas this year. I just don’t want to spend that money.

    1. says:

      Christmas is my favourite holiday so I don’t think I could ever just skip it haha. But the fashion thing is definitely a good plan, I always find myself buying like $5-10 tshirts and being upset when they fall apart after a month.

  7. All amazing tips – and really useful. Free entertainment is the best – hiking outside, playing board games, a team sport… so much better than trips to the cinema!

    1. says:

      Exactly! I’d much rather watch a Netflix movie on my couch than go spend $50 to see a movie! Crazy stuff

  8. Sound advice. Planning meals is so spot on and I swear by it too.

    1. says:

      Planning meals is key to not spending money on eating out! Thank you for reading!

  9. these are such awesome tips!! who doesn’t want to save a few bucks??

    1. says:

      exactly!! everybody loves saving money

  10. I think it’s so important to drop unnecessary expenses. Most don’t realize how much is being wasted on things like cable or satellite until they really look at their budget with a discerning eye.

    1. says:

      So many people never even look at their budget! They just throw the money away without thinking

  11. I love the idea of making your savings a bill. I see so many people struggle during times of economic downturn and it is mail because they never knew how to save, a constant life style of hand to mouth, carried down from generation to generation.

    1. says:

      Everyone knows they HAVE to pay their bills so it’s so important that they treat their savings like a bill as well! Thanks for reading

  12. Wow this very insigntful! thanks for sharing these tips. I know I need to budget better.

    1. says:

      I’ll be here to help you budget! Thanks for reading

  13. So many amazing tips, I’ve just registered on ebates can’t wait to start using it ūüėÄ

    1. says:

      Thanks for reading! Ebates is the best. Any way you can get money back for shopping!

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