10 Best Ways to Save Money in 2015

Eliminate Your Debt
If you're trying to save money through budgeting but still carrying a large debt burden, start with the debt. Not convinced? Add up how much you spend servicing your debt each month, and you'll quickly see. Once you're free from paying interest on your debt, that money can easily be put into savings. A personal line of credit is just one option for consolidating debt so you can better pay it off.

Pay Yourself First
Set up an auto debit from your checking account to your savings account each payday. Whether it's $50 every two weeks or $500, don't cheat yourself out of a healthy long-term savings plan.

Pack Your Lunch
An obvious money-saving tip is finding everyday savings. If buying lunch at work costs $7, but bringing lunch from home costs only $2, then over the course of a year, you can create a $1250 emergency fund or make a significant contribution to a college plan or retirement fund.

Annualize Your Spending
Do you pay $20 a week for snacks at the vending machine at your office? That's $1,000 you're removing from your budget for soda and snacks each year. Suddenly, that habit adds up to a substantial sum.

Saving on Entertainment
We all love to buy new clothes, eat delicious food, hit the spa or see a rock band from the front row. But those things are called luxuries for a reason and should be purchased in moderation. You deserve to feel special and to treat yourself! Just make sure it's something you really want, and try to spend your money on experiences you'll always remember.

Saving on Automotive Costs
New cars tend to decrease in value by 25 to 40 percent in the first two years [source: Fuller]. Buying a car that's a year or two old means somebody else paid that 40 percent when they turned it in, or sold it to you, without a substantial drop in quality. That change in price will also be reflected in your warranty and insurance prices -- another thing the previous owner paid on your behalf.

Saving on Family Expenses
Did you know that all generic versions of drugs and baby formula are FDA-required to provide the same benefits as name brands? Name brand companies spend a lot of money on developing and marketing products, and the generic versions don't have to spend any of that. They pass the savings on to you, with products made from the same ingredients as their pricier counterparts.

Saving on Household Energy
Buying Energy Star-rated appliances and making sure your home is well-insulated and energy efficient are the best ways to save money on day-to-day electrical costs.

Online Money-saving Tips
If you find you spend too much online, consider removing your credit card number from your online accounts. Then it will require a little extra effort every time you're making an impulse purchase, and you may think twice.

Sell your clutter on eBay
Open a cupboard. Look inside. If it's full of clothes you haven't worn, or 'good ideas at the time' you haven't used, for, let's say, three years - you don't need them.

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10 Best Ways to Save Money in 2015

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