Are we headed for a double-dip recession? Did we ever really recover from the last one? Who knows – ask ten economists and you’ll get ten different answers. What I do know is times are still tough for most people, regardless of what the government statistics report.

It has never been a better time to get out of debt, build savings and learn to live more frugally. Along those lines, here are 62 money-saving tips to help your family spend less money (and earn more money) each month, recession or not.

1. Don’t pay a dime for banking privileges. There are too many free checking options out there to pay one penny in fees for the right to write a check or use a debit card. Many banks and credit unions simply require direct deposit or a minimum number of debit card uses per month to qualify for fee-free accounts. If you can’t find one, try ING Direct.
2. Shop your car insurance coverage at esurance.com. Take 6 minutes to complete the free quote and shave a significant amount off your car insurance premiums.
3. Scale back the cable. While getting out of debt, our family scaled back to basic cable for an entire year. Cable bill went down from $40 to $12 with this move alone, and we found we didn’t really miss those other 100 channels we rarely watched anyway.
4. Look for a value internet package. While I was scaling back on cable service I asked our cable provider for a cheaper rate on internet service. They told me about a little-advertised “value package” which costs half the normal monthly rate for reduced speed. Since I mostly surf the web and check email I barely notice, but I saved about $20 a month on our internet service.
5. Skip the theater, subscribe to Netflix. Going to the movie theater is a great way to beat the heat, but it’s also expensive. Skip the theater, and sign up for an online DVD rental service. No late fees, and no gas used up traveling back and forth to the rental store.
6. Transfer existing debt using balance transfer offers. Transfer high-interest debt to a zero (or low) interest card. By reducing your interest rate you will pay less interest to creditors each month, and make more of a dent in outstanding balances as you pay them off. Consider this 18 month promotional balance transfer offer from Discover® More Card. Be sure to cut up the old card(s) so you can’t run the debt back up again.
7. Hang up the land line telephone service. If most of your calls are to other cell users in the same network, consider canceling the land line and using a cell phone exclusively.
8. Have a no-spend weekend. Sometimes it takes a break in the routine to get spending under control. Try to go an entire weekend without eating out, shopping, or ordering something online. It won’t solve all your spending problems, but it’s a start.
9. Carpool a few times a week. Take turns carpooling with a coworker, especially if they live close to you. Pick them up and take them home this week, and next week allow them to return the favor. You’ll both cut your driving time in half.
10. Raise insurance deductibles. Assuming you have a proper emergency fund in place, raise deductibles on insurance policies. The difference in a $500 deductible and a $1,000 deductible on your car insurance policy can help reduce your monthly or semi-annual premiums.
11. Check your vehicle’s tire pressure each time you fill up. Things like under-inflated tires and dirty air filters can reduce your gas mileage. Pick up an inexpensive tire gauge and check the pressure while filling up.
12. Change your driving habits to save on gas expenses. Cut out “jackrabbit” starts and heavy braking.
13. Consolidate errands into one trip. If you have to get out try to consolidate all of your errands into one trip away from home, instead of driving back and forth several times from store to home.
14. Ride a bike for short commutes. I’m fortunate to live about 5 miles from my employer, so I occasionally commute by bike. If you happen to live close to stores, consider riding a bike for small errands. Take along a backpack, or put some panniers on your bike to carry things back home.
15. Figure out how to do things on your own, rather than paying an expert. This year I’ve managed to rescue a toy from the bottom of our guest bathroom toilet and unclog and empty an air conditioner drain line. With the help of the internet, or a good “how-to” book such as Save $20k With a Nail, you would be surprised how much you can do on your own and avoid expensive repair charges.
16. Look into 3-month supplies of prescriptions via mail order. Many employers now offer as part of the health insurance plan a 3-month mail order prescription plan. I only have one daily prescription for asthma/allergies, and the cost of a 30-day supply from a local pharmacy is $25. For the same cost, I can get a 90-day supply via mail-order.
17. Wash your own car. Our town has one of those automated car washes and for $9.00 you can get “the works.” Essentially, it is a wash, wax and application of tire shine. I’m pretty sure I can do it for less. Better yet, employ the kids and let them earn a little extra money this summer.
18. Bank “found” money in a separate account. With any income above your normal earnings, bank the amount in a separate checking or savings account and use the money to pay down debt, build up savings, or offset increased expenses. Overtime, tax refunds (and stimulus checks), gifts and similar windfalls belong here.
19. Eat like a kid again. Eat off the same plates your kids eat off, which will force you to eat smaller portions. Your wallet and your waistline will thank you.
20. Drink tap water. I don’t have the inclination to run a cost comparison between an ounce of Coca Cola and an ounce of tap water, but I’m fairly confident tap water is infinitely cheaper.
21. Eat less meat. I’m about as far from vegetarian as you can get, but I recognize that my carnivorous habits cost me big at the grocery store. We’ve recently started having breakfast for dinner (eggs instead of meat), and substituting things like pinto beans (a great source of non-meat protein) in meals instead of meats.
22. Look for manager meat specials. When you do buy meat, check the manager’s specials area for meat that is about to pass the “sell by” date. The meat is still perfectly good, but freeze it immediately if you don’t plan on cooking within the next day or two.
23. Look for a used freezer to stock up on meat specials. Many times people relocating can’t take the extra chest freezer with them and advertise it on Craigslist or the local newspaper. If you can find a good used one stock it full of manager meat specials to reduce your food budget.
24. Don’t be afraid to buy generic. Forget brand loyalty when trying to figure out how to save money every month on things like groceries. When we buy ketchup, we look for the lowest unit price, regardless of brand. Same with other foods and household supplies. There are a few exceptions, but for the most part generic items are just as good as name brands.
25. When in the store, look high and low for deals, literally. Marketers know that eye-level is the place most people tend to shop, so they put the items with the highest margins right in front of you. Better deals are usually found on lower shelves.
26. Switch to cloth napkins. I’m not sure why it took a down economy for this one to dawn on me, but cloth napkins are a great alternative to paper napkins, which increase waste and add to our non-food budget.
27. Water down juices. When we open a new apple juice for our kids we pour up half in the old container and add about 1/4 – 1/2 container of water to each bottle. This makes each new bottle last a little longer, and dilutes the grams of sugar and calories per serving.
28. Shop at a farmers market for in-season produce. Few things taste as good as fresh fruits and vegetables. Unfortunately, most of the produce you’ll find in a grocery store is grown elsewhere, particularly if it is out of season, locally. Figure out what’s in season and support local growers by visiting a farmers market.
29. Avoid using the oven during the summer. Ovens heat up a house faster than any other appliance, adding to the strain on air conditioner systems. Plan meals that don’t require baking, or bake in the late evening and microwave the next night.
30. When eating out, divide entrees in half and save the rest for a second meal. Ask for a to-go box as soon as your meal arrives and save half for tomorrow’s lunch. Restaurants are notorious for piling on portions, so this move will help you spread out the calories and cost of the meal.
31. Avoid pre-packaged foods. The little 100-calorie packs are convenient, but you can accomplish the same thing by buying a larger package of chips or cookies and then dividing into smaller portions using Ziploc bags. The unit cost savings are significant.
32. Grow your own vegetables. Unless you plan to dig up the entire yard to plant rows of food, you probably aren’t going to be able to grow enough to live off. However, a square foot garden can produce enough for some great summer salads without adding to your grocery bill.
33. Properly insulate your home. Especially important in the summer and winter months, when the extreme temperatures outside can affect your temperature inside and cause utility bills to skyrocket.
34. Use a drying rack or line dry heavy clothing. Pick up a drying rack or install a clothesline to dry heavy garments and towels. When nearly dry, place items in dryer with a dryer sheet for just a few minutes to complete the drying cycle, remove wrinkles, and soften clothes.
35. Plant a tree next to your outside air conditioning unit. By shading your outside unit you may improve the operating efficiency of the overall system by 20%. Take care not to plant to close to the unit to maintain proper airflow.
36. Replace home air conditioner filter every month when in use. Manufacturers suggest changing your filter every 90 days, but I’ve found systems work better when changed once a month, especially in peak times like summer. Instead of picking up a top-of-the-line air filter, go for a medium grade filter and just buy more of them.
37. Half the number of days your lawn is being watered. An established lawn doesn’t really need to be watered every day. In fact, daily watering can cause a shallow root system because grass roots don’t have to work hard to find water. Water once or twice a week, for a slightly longer duration and let Mother Nature help fill in the schedule with the occasional rain.
38. Use bathroom exhaust fan during showers and for 10 minutes after. Exhaust fans help carry moisture out of the bathroom from a hot shower. Don’t believe it? Run the exhaust fan during your next shower and notice how the mirrors don’t fog up.
39. Take a “Navy” shower. Get in, soap up, rinse off and get out. And put a low-flow shower head on there while your at it.
40. Don’t run water when shaving or brushing teeth. While shaving pull up the sink stopper and pool a little water in the sink for rinsing your razor.
41. Skip baths. Even though they are relaxing, baths require a lot of H20 and drive up your water bill. They also drain your home’s supply of hot water, forcing your hot water heater to replenish the supply, further adding to your utility costs.
42. Bathe your own pets. Skip the pet grooming salon, pickup some shampoo at a pet supply store and wash them yourself.
43. Avoid stores. Stay out of stores unless you have a list (mental or otherwise) of specific things you need to buy. Shopping out of boredom leads to impulse buying and can quickly blow a budget.
44. Diversify your income. Look for ways to increase your income outside of your full time job. Do you have a hobby that you could make a small business? Could you spend some time working online surveys (many of these survey companies are scams, but the one I’ve linked is not. I’ve been a CashCrate member for over a three years now)? Could you add some freelance work in the same line of work you do full time?
45. Don’t renew the gym membership. Being healthy can save you money, but exorbitant fees and inflexible contracts make gyms a dangerous proposition. Take the money you would have spent at the gym and try to build one at home with used equipment.
46. Try a home haircut. Mine is pretty easy since I buzz it short all over. Guys, you will still need someone to help you with the neckline, unless you are good with mirrors.
47. Rediscover a local library. To replace the time previously spent watching television develop a reading habit, and support your local library while you are at it. Can’t find the book you are looking for? Don’t rush out and buy it. Many times libraries are networked and can request a copy of a book from another library. If you have a Kindle or other e-reader, check out the electronic book-lending features from your library.
48. Start your own “keep the change” program. Several banks are now running “keep the change” promotions where they round up your purchases and put the difference in a savings account. Problem is, these accounts don’t pay a great interest rate, and the program encourages increased spending. Create your own program by spending only cash and dumping the change in a coin jar. Make deposits into your own high-yielding savings account at the end of the month.
49. Put away the credit cards. Save cash for large purchases by creating a dedicated savings account specifically for the next item on your list. Make regular contributions to the savings account with each paycheck, and when the balance is high enough to pay for the item, pay for it with cash.
50. Ask creditors to lower your interest rate. Creditors are feeling the crunch, too, and they recognize it takes more money to find a new customer than to retain a current one. If you are a profitable customer (pay interest), call creditors and ask for a lower rate. Tell them about all the 0% transfer offers you’ve been shredding for your garden!
51. Divide credit card minimum payments in half and pay that amount twice a month. Interest is calculated based on the average daily balance of your account for the entire month. By making a payment every couple weeks you are reducing that average balance and therefore reducing the finance charges assessed, as opposed to waiting until the end of the month to make a single payment.
52. Brown bag it. Can you believe how much a combo meal is at a fast food restaurant? And don’t get me started on dine-in restaurant tabs for lunch. You’re lucky to get out of there for less than $10-$12 including the tip. Multiply that times four or five times a week and we’re talking $200 added to your food budget each month.
53. Adjust your W-4 at work. The fastest way to give yourself a raise is to reduce the amount of taxes withheld from your paycheck. If you received a huge refund this year, increase the number of exemptions on your W-4 to reduce withholdings. Check the IRS website to calculate the number of exemptions required to break even.
54. Sign up for budget billing with utility company. This won’t necessarily save you money, but it certainly helps the budgeting process by smoothing out highs and lows in your utility bills. Most companies offer this “levelized billing” service after you have 12 months of history to compute an average.
55. Use a power strip to power down unused electronics. Electronics continue to use power even when they are turned off for LED displays, stop/start memory, etc. Reduce this “phantom power” drain by unplugging devices, or plugging them into a central power strip which can be powered down with the flip of a switch.You can find amazon deals on power strips from amazon
56. Find new uses for old things. Not long ago my car’s check engine oil light came on, and the dip stick revealed I was seriously low on oil. I found a new use for an old milk jug by cutting away the bottom half and using the remaining top as a funnel to reduce spillage. This saved me a trip to the auto supply store to buy a funnel.
57. Cross train at work to make yourself more valuable. Make yourself more layoff-proof by taking on a new challenge, and adding to your skill set.
58. Sign up for medical flexible spending account (FSA) at work. Estimate carefully as unused portions of FSAs are not refundable. At a minimum, account for the amount of your family’s health care plan deductibles plus any over-the-counter medical supplies you must purchase during the year. As an added bonus, FSA contributions are pre-tax, which lowers your taxable income for the year.
59. Quit smoking. Besides being an incredibly unhealthy habit, smoking is expensive! Many pack-a-day smoker could easily trim $200 from their budget by kicking the habit. If you can’t find any other motivation to quit, use finances.
60. Buy wrinkle-free clothes to avoid dry cleaning bill. I have a golden rule about clothing purchases. I don’t buy anything that requires ironing. In some cases this means I pay a little more for “wrinkle-free” materials, but I save in the long run on the time and money spent ironing or dry cleaning.
61. Look for kids’ clothes at yard sales and thrift shops. Kids have a way of outgrowing most of their clothes before they “out use” them. For this reason, many times you can find excellent buys on clothing at thrift shops and yard sales.
62. Look for furniture on Craigslist or Freecycle. Many times people buy a new sofa or coffee table and don’t have a way to get rid of the old one. They will list it on Craigslist for a reduced price, or on Freecycle for free in exchange for picking it up and hauling it off. If you need a piece of furniture, but are short on cash, check out one of these sites before even thinking of going to a furniture store.