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12 Millennial Money Hacks to Help You Save Fast

12 Millennial Money Hacks to Help You Save Fast
Jennifer Leach Jun 6, 2019
Want to Earn Some Extra Money?

millennial money hacks

Looking for millennial money hacks to help you save fast?

They money saving strategies are easy and effective.

You can meet your savings goals in no time, whether you are looking to make a big purchase in the future, put a down payment on a house or car, or kickstart your emergency savings fund.

Keep reading to learn about they money saving hacks to try today.

Helpful Millennial Money Hacks to Test Out

So, what’s in a money hack anyway?

It’s a quick tip or trick to make money saving and paying off debt easier for you.

Because, if there’s an easier way to do it, why not, right?

This roundup up of money hacks will help you with your financial path, whether it be helping you earn more, save more, or pay off your debts.

You will love this diverse array of money strategies to test out. Ready? Here we go!

Negotiation Tips

First, we look at the art of negotiation. Negotiation can really take you far and you’d be surprised at how many ways you can negotiate for things in life.

I recently visited a used electronics store to sell a piece of old equipment we had. Then, I researched the equipment in advance and looked for current selling prices online, along with other research. I had a golden price in my mind when we visited the shop and I knew I would negotiate.

When it comes to selling your stuff, you can negotiate almost all the time, whether it be selling an item on Ebay, turning in your old clothes at a consignment store or doing what we did, selling at a used electronics store.

We arrived at the electronics store and the haggling began.

Afterwards se went back and forth for a little bit, as the cashier kept going back to the computer to determine how far he’d be willing to go with price.

We finally came to an agreement. A price above my golden number! It just goes to show you, negotiation can work. Here are some opportunities where you can use the art of negotiation to your benefit, in this round of millennial money hacks.

1. Offer a Trade

Making a trade is a great way to come to a compromise between the seller and buyer. This might not work in all situations like if you want to buy jewelry at the mall, what would you trade? But, it can work in other scenarios.

Consider this.

If you were moving into a house to rent. Can negotiation work here? Absolutely and I was successful at it in the latest house we rented.

You can negotiate the rent, of course. You can also negotiate the structure of rent. For example, if rent is $2,000 including utilities, you can offer $1,500 with water paid only and you’d cover the remaining utilities. You see how that works?

Here are some other trade scenarios:

  • Home improvement work
  • Daycare or nanny
  • Service-related work like lawn care, landscaping, etc.

2. You Call the Shots

This almost always works in your favor if you start the negotiations. This means be the first person to pitch a number.

This works with buying and selling, by the way.

For example, if you want to buy a diamond ring. You research what kind of ring you want, the setting, the 4C’s, and most importantly, the price you want to pay. Upon visiting the diamond ring store, you find the ring you are looking for. What do you do? Pitch a number for an offer. The rest happens from there!

With selling, it’s basically the same strategy.

For example, if you want to sell your 50 inch television at a pawn store because you’re moving in 2 days, you might do some light research about the spec of your TV including going prices online. Then, visit the pawn store and call out the first number. Done deal!

Now, calling the shots and pitching the first number first doesn’t mean you will get your golden offer but it does definitely improve your changes of getting a price closer to your goal.

What does pitching out a number first do anyway?

Well, by doing this, you are telling the seller that you are a serious buyer and ready to purchase, if the the number is right. This might take a seller off guard, but in the best way. Give this a try and see how you fair.

3. Research in Advance

This doesn’t have to be heavy duty research but before you go in to make a big purchase, for example, do some research in advance.

You want to check for a few core things:

  • Competitors
  • Pricing
  • Total value, including extras like warranties, low interest rate, etc.

With this in mind, make your way out to complete your purchase and let your negotiation skills shine. If you’re questioned, you’ll have your knowledge to back you up and they’ll know they are dealing with a well-informed consumer. This works!

I got $150 off a set of tires while I was tire shopping with my mom because I did just this. Before the tire store visit, I looked in the newspaper and online, checked out the competition and logged it into my memory. Then, I haggled and got a great deal!

The Art of The Side Hustle

Side hustles are the thing to do today. Everyone is talking about them and in our gig economy, more and more people are leaving their 9 to 5 for gig work.


Side hustles are appealing for many reasons. People love them because they tend to be:

  • Super flexible
  • Favorable pay (weekly, various payment methods, etc.)
  • You pick your own schedule
  • Work from home, work from car, or flex work

So, with all these perks, it’s no wonder why side hustles make the list of millennial money hacks to help you save.

How does a side hustle help you save?

Well, if you’re making more money, you can save more money. You can also pay off your debt faster, invest, and other benefits. These next money hacks will get you excited. Take a look.

4. Delivery Jobs

Delivery jobs are in abundance. You name it and it can probably be delivered:

  • Takeout food
  • Groceries
  • Dry cleaning
  • Alcohol

Delivery jobs are a fun way to work from the comfort of your car and make some extra money. You can even do it full time, like my brother-in-law does.

He works for Uber and works evenings and weekends while he has the days free to care for his toddler. He absolutely loves the weekly pay and the ability to set his own schedule.

Not to mention, he leases a brand new car with them, to Uber around his passengers and use as his own when he’s not working.


Uber is one of the pioneers to revolutionize taxi and food delivery. As an Uber driver, you’ll work from the comfort of your car, shuttling passengers to their destination.

You get to choose your hours, work from your own car, and enjoy weekly pay.

It’s important to know that you will be working as an independent contractor, not an employee. You’ll be working using a mobile phone app not a computer and you are increasing the wear on your vehicle, since you will be using it for work. All important things to consider.

In order to qualify as an Uber driver, you will need to meet some requirements, including:

  • Meet the legally required minimum driving age in your city
  • Valid driver’s license
  • Proof of residency
  • Have at least 1 year of driving experience
  • Pass the background check
  • Auto insurance (if you want to drive your own vehicle)

You can earn up to $25/hour which means working weekends (3 days a week) for 4 hour shifts will pocket you around $300/week before taxes.

Your earnings will be impacted by several factors like location, time, hours worked and more.

You want to keep your driver rating in mind while you’re working because if you fall below 4.6, you could be at risk for being deactivated. Read more about driver rating including frequent driver complaints and more.

Sound interesting? Apply to join Uber to get started.


As a Postmates delivery driver, you will work a flexible schedule, delivering goods to Postmates’ customers.  You will work from an app, get to keep 100% of your tips, be your own boss and more perks.

Get the full review here.


This is Uber for food delivery called, UberEATS. If you’ve ever wanted some really amazing takeout food, beyond traditional pizza or Chinese food delivery, UberEATS delivers, literally.

In your city, your area restaurants may have a relationship with UberEATS. Customers use their app to place food takeout orders and as an UberEATS driver, you’ll pickup the order and deliver to the customer, earning money and tips!

Interested in earning around $11/hour delivering food? Check out the full review.

These are just a handful of the many delivery jobs out there. Here are more to review:

If you would enjoy working from your cell phone, setting your own schedule and working mostly from your car, check out these delivery opportunities.

5. Flipping

Flipping has grown in popularity over the past two decades. It started with house flipping. People would buy homes in need of improvement, fix it up, then sell for a profit. Homeowners are still doing this today.

Check out all these ways you can profit from flipping:

  • Flea market flipping
  • Retail arbitrage
  • Dropshipping
  • Website flipping
  • Domain flipping

Then, flea market flipping started emerging where consumers would scour flea markets for vintage and valuable items, then flip for a profit, like this blogger who earned over $3,000 in a month!

Flipping products or retail arbitrage involves buying a product and selling it for a profit. For example, you might visit your local Walmart and buy flatware on sale for $10. Then, sell on Ebay for $20, keeping the difference (less fees) as profit.

Dropshipping involves sourcing products online and reselling at a premium, keeping the difference as profit.

Website flipping means you buy a website, improve it, and flip it for a profit. And, domain flipping means you buy a domain then resell it at a profit.

There are whole markets developing, all around flipping. It is a multifaceted, lucrative industry and more people are taking advantage of it all the time.

Flipping is a great way for you to start a business for yourself with perks like:

  • Unlimited income potential
  • Flexible schedule
  • Be your own boss
  • Work from home

You can take your extra earnings to contribute to your savings goals.

6. Survey Taking

Get paid to share your opinion with surveys. People love surveys because they are a flexible way to earn extra money.

Here are some favorites to check out:

If you have the time available, you can try out paid panels. A panel is a longer survey. It will span 45 minutes or longer usually, sometimes take more than one day but can pay $60 to $500.

My experience?

Two recent high paying panels went very well. One was a phone interview that took around 35 minutes (we got done early) and I was paid a $150 Amazon gift card. The other was a web interview, including screen-share and it took around 60 to 90 minutes, paying $400.

Panels to check out:

For a list of surveys that pay up to $600 (or more) for month, click here.

Changing Up Your Biggest Expenses

Arguably the largest expenses, your housing and car or transportation costs are budget opportunities that can help you save faster. Check out these changes you can make to free up more disposable income to help you accomplish your savings goals. Take a look.

7. Get Roommates

This is a pretty big lifestyle change, especially if you’ve been living alone but, bringing on roommates means you slash your housing expenses down.

Rent, utilities, possibly groceries, subscriptions and other costs could be cut in half for you.

Getting a roommate could mean:

  • Renting out a room in your place short-term or long-term
  • Bringing on one or more roommates to share your entire space
  • Moving in with family or friends

Though this may feel like a drastic change, people have gone to even more extremes to save money, including:

  • Living in their car
  • Becoming a nomadic traveler, living on camping grounds, etc.
  • Moving into a capsule hotel or furnished lodging

The short of it is, if you’re open-minded, this might be an option to help you save money, especially if you need to save fast!

8. Getting Rid of Your Car

Ah, getting rid the car.

Who thought of this?

The truth is, your car is probably your second largest monthly expense, especially if you have a car payment. If you just can’t bear to live without your precious car, try these things to help lower your costs:

  • Refinance
  • Downsize
  • Lease instead of own
  • Monetize your car

Refinancing for a Lower Payment

Refinancing can be done on most loans including, home loans, auto loans, student loans, etc. It means that your loan will be restructured and the end result is usually lower cost, either in the form of a lower interest rate, a lower payment, or both.

When you refinance, it usually starts with a credit application. With most banks, they will pay off your existing loan and replace with a new loan at better terms. If you’re approved, review the terms carefully to make sure it makes good financial sense.

A lower monthly payment doesn’t necessarily mean less cost. If your interest rate rises or you add years to the term, while your payment decreases, you could end up with a lot more cost in the long-term. Keep this in mind while you’re examining the terms of your new loan.

For a lot of folks, refinancing makes sense.

My college friend bought his first car, a newer used Honda Accord with a $400-something monthly payment. Six months later, he was able to refinance for a lower interest rate and lower payment, dropping his payment by almost $100!

Just an example of the power of refinancing. Talk to your lender to see what your options might be.


This means downgrading your car a bit. This isn’t as bad as it sounds. The goal is to get a cheaper auto. You can do this by:

  • Getting an older vehicle
  • Downsizing from a large vehicle to a smaller vehicle
  • Leasing (more on this below)

This change may be temporary. Keep your eye on the prize and remember why you did this in the first place, to save money.


For a long time, I shied away from leasing, like I think a lot of people do. I had a negative view on leasing until my former boss told me about a car salesman job he took. He talked about leasing and shined light on it. It can really make sense for a lot of people.


Leasing can have a lot of benefits over buying:

  • Lower monthly payments
  • Enjoy the newest car for the latest tech
  • Smaller downpayment
  • Warranty and maintenance costs covered in most cases

To learn more about leasing, check out this article which details all the ins and outs of leasing including comparing leasing to buying.

Monetize your Car

Did you know you can monetize your car? Just like more and more folks are monetizing their homes and rentals with AirBNB, you can monetize your car in a similar way.

With Turo, you get paid to rent out your car.

Renters are vetted and screened. You sign up with Turo and they will help you earn an extra $1,200/year or more, monetizing your car.

Learn more about Turo.

Changing the Way You Food Shop

Groceries and food are a big expense in the monthly budgets of many. Before I started putting a full budget into practice, our family would easily spend four figures per month on food. Just food! Grocery shops and takeout food. It was just ridiculous.

Now, keeping a close eye on my budget, we have gotten that down to around $600/month which includes groceries and takeout food for a family of 3. Here are some money-saving strategies to help you lower your food expenses.

9. Use Grocery Apps

A total game changer! Apps are something that should be in your savings arsenal. They are free to use, easy and fun. And, they save you money.


Ibotta is a free mobile app to help you save on groceries. There are so many ways to save including scanning your grocery receipt, linking your store loyalty card, on the spot rebates, bonus rewards and more. Here are 13 Ibotta tips and tricks to get the most out of this app.


This app pays you to take a picture of your grocery receipt! BerryCart is really neat because it promotes healthy lifestyle. You can get coupons and deals on organic, gluten-free and non-gmo foods. Learn more in our full review.

Coin Out

You can earn cash back online and offline. Plus, they also pay you for pictures of your receipt. You may have seen this newer company appear on Shark Tank! Available on both iOS and Android.

Do not miss this roundup of the 10 best apps to save money on groceries in 2019!

10. Use Cashback Apps for Takeout

This is one of my favorite ways to lower my monthly food budget. Use cashback apps!

There are apps that give you free cash back for ordering takeout. One that you will want to check out is Dosh.


Dosh is an app that lets you earn cash back automatically. You sign up for free, link your debit or credit card, then search for Dosh partners in your area and buy using your linked card. You will have your cash back applied to your Dosh account automatically!

And, that’s exactly how it works.

Dosh isn’t only for takeout food either. They partner with all kinds of retailers and brands, national chains, regional franchises, local stores and more, to help put cash back in your wallet.

Money Hacks to Save on Everyday Purchases

Lastly, we have our everyday savings strategies. Saving money is within reach for everybody.  It’s a lot easier than many think. You can save on everyday essentials with these easy tools below.

11. Ebates

Ebates is one of my absolute favorites! It’s a free tool you can use to get cash back.

You sign up for free on their site and I recommend you get their free browser extension. When you land on an Ebates partner website, the extension will activate, showing you how much cash back you are eligible for on that site. It might be a percentage or a flat amount.

Go through checkout and do your purchase like normal and you’ll get cash back applied to your Ebates account. They have an awesome referral program too. After I started using it, I bragged to my sister and she signed up a few weeks later, earning a $10 bonus and earning me a $25 referral bonus!

12. Mint

Last but not least, you can save on everyday purchases all year long if you are on a budget! Budgeting is so important.

It helps you:

  • Track your spending
  • Hold yourself accountable
  • Identify patterns and trends
  • Help you save more

All in all, you can better stay on track if you know where your money is going and Mint can help you do that!

This free app is pretty incredible. You can link your bank accounts and cards, letting Mint handle the rest. Your purchases are put into spending categories and you can look back to see if you spending is on target, over or under. There are a lot of other cool features built in.

Budgeting doesn’t get any easier than with Mint. Try them out!

Final Thoughts

Did you enjoy our roundup of millennial money hacks to help you save money and meet your money goals?

Did we miss anything? If you have some money hacks you practice or ones you’ve heard of, share with us! Comment down below so we can hear your ideas.

Jennifer Leach

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