Guides
10 Tips And Tricks For Saving Money Online
Published 26/11/2025 By James
Make Money Online
Most of us want to save more money, but it’s hard to know where to start when everything in life is so expensive these days.
But it is still possible to build up your savings and become more financially secure – and OddsMonkey’s top ten online money saving tips are a great way to get started.
- Set A Budget
Arguably this doesn’t actually save you money, it just helps you work out where your money is going – but seeing exactly what you’re wasting money on and how much it’s costing you each month can make it all the easier to eliminate unnecessary spending.
To ensure this is accurate, sit down with your bank statement and look at exactly what you’ve been spending every month and on what, dividing your budget into categories (e.g. rent, utilities, car, food etc).
Once you’ve got a clear idea of where your money’s going, consider where savings could be made. Perhaps you could eat out just twice a month, instead of once a week, or reduce your streaming subscriptions to the one you use most frequently.
Having done this, make another, ideal, budget, and challenge yourself to stick to it, with the money you’ve saved going straight into a savings account. You’ll be amazed by how much you save over a few months!
- Use The Snowball Method To Pay Off Debt
If you’ve found yourself in credit card debt, it can be hard to know where to begin when working to clear it. While this is technically a means of getting out of debt, rather than a money-saving tip, clearing your debts is the first step towards building savings.
The snowball method is one of the best options to help you work through your debt so you can get your financial situation back on track.
This method involves paying off the smallest of your debts first, and as each is paid off, you put the money you were spending on monthly payments into paying off the next biggest debt.
As you move through your debts, you’ll be paying more and more off each month, meaning that the process of clearing your debt accelerates, much like a snowball growing as it rolls.
And once you’ve out of debt, you’ll be able to put all that money you were spending on monthly payments towards building up your savings.
- Set Up Direct Debit Savings
If you’re the type of person who’s guaranteed to spend money if they have it, it can be really helpful to set up an online monthly direct debit from your current account to your savings account.
Work out a realistic amount to save each month (so that you won’t have to dip into your savings to cover your normal expenses) and set up a direct debit straight to your savings account, to be transferred immediately after payday.
- Switch Bank Accounts And Utilities
It’s a bit of a hassle, but shopping around can make all the difference when it comes to bank accounts and utilities.
Companies will often reward new customers for making the switch, so it’s more than worth your time checking out what’s available every few months. Whether you get to enjoy a discounted price, or a cash bonus, the likelihood is that switching companies will be a great move to boost your savings.
- Pay Yearly, Not Monthly (if you can)
If you can afford to make a larger one-off payment, it’s much more economic to pay for things like insurance, and even subscriptions, on a yearly basis.
The monthly price may not seem like it’s that much more expensive, but these things really do add up, and over the course of the year your bank balance will thank you.
- Use Savings Apps
There are tons of apps out there designed to make it easier for you to start saving money. Some of the best are:
- Plum. This app has a few tricks up its sleeve to help you save money. It will round up transactions to the nearest pound, with the extra going into your savings. It will also allow you to autosave an affordable amount each month, and can be set to automatically withdraw money when you reach a certain goal. It has both free and paid versions, with more features available if you pay for one of their premium accounts.
- Moneybox. One of the best things about Moneybox is that it’s completely free. It has many of the features of its competitors, including a round-up savings feature and the option to choose between regular savings accounts and stocks and shares investments.
- Chip. This app will autosave on your behalf, as well as suggesting affordable amounts you could save every four days. While the account itself is free, you do pay a small fee per autosave – but this is a very highly regarded app, so it’s probably worth the cost.
- Use Cashback Sites And Apps
There are tons of apps and sites out there that reward you for spending money as usual with a certain amount back in cash. Some of the best are as follows:
- TopCashback. One of the best known cashback sites out there, and for good reason. A basic account is free of charge, and you’ll most often find the very best cashback rates here.
- QuidCo. Another great option, which again has a free basic account. It sometimes offers better cashback rates than TopCashback, meaning it’s worth your while to sign up for both and check each before making a purchase.
- KidStart. If you want to save for your child’s future, KidStart is a great way to go. Rather than paying cashback directly to you, KidStart pays into your child’s account. Admittedly, it doesn’t always offer the very best rates, but it does feature some cashback retailers not offered by the two TopCashback or QuidCo.
- Shop Online And Use Supermarket Memberships
Carrying out your weekly shop online doesn’t just save you time – it can save you money. It’s much easier to be stricter about resisting impulse buys when you aren’t wandering past tempting treats in person, meaning that an online shop can be better for your waistline as well as for your budget.
Supermarket memberships are also well worth taking out. They’re usually free, and they’ll reward you with significant savings on lots of items, plus with points that you can put towards your next shop.
- Buy Second Hand
Many of us find it hard to resist the lure of a new item of clothing – but these ‘one-off’ purchases add up very quickly, especially when it comes to fashion.
If you’ve got a shopping habit burning through your wallet, consider looking for second hand items instead. Sites like Vinted or eBay allow you to track down fantastic deals on clothing in particular, often for items that have barely been worn.
And if you’ve built up a stock of clothes that you never wear, you can become a seller yourself, freeing up closet space and bolstering your bank balance.
There are plenty of ways to make your money go further, but there’s only so much saving you can do. If you’re saving all you can and still finding that you’re struggling by the end of the month, you should look for ways to increase your income as well as reducing your outgoings.
Side hustles are the obvious answer, if you already have a full time job. They’ve become increasingly popular in recent years, with around 40% of Brits having a side hustle of some sort in 2025.
One of the best side hustles out there is Matched Betting. It can be done entirely from home, is tax free, and requires very little money to get going – you can start Matched Betting with as little as £30, though ideally you’ll have £50-£100 to get you going as quickly as possible.
To find out more, check out the OddsMonkey beginner’s guide to Matched Betting, which takes you through all you need to know. Once you’ve mastered the basics, it’s possible to make several hundred pounds a month – which makes a huge difference to your bank balance!
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