How to Save Money by Being Lazy

In today’s fast-paced world, where productivity and efficiency are often prioritized, laziness might seem counterintuitive when saving money. However, as paradoxical as it may sound, embracing a certain degree of laziness can be a surprisingly effective strategy for padding your savings account. In this insightful feature, we’ll explore how harnessing the power of laziness can lead to substantial financial rewards.

Automate Your Finances

One of the primary ways that laziness can work in your favor is through strategically automating your financial tasks. By setting up automatic transfers from your checking account to your savings account, you can effortlessly build up your rainy-day fund without needing constant manual attention. This “set it and forget it” approach ensures that a portion of your income is diverted to savings before you even have a chance to spend it.

Automating your bill payments can help you avoid late fees and penalties that can quickly eat away at your hard-earned money. By linking your accounts to automatic debits, you can rest assured that your obligations will be met on time without the hassle of remembering due dates or manually transferring funds.

Leverage Subscription Services

In the age of digital convenience, subscription services have become ubiquitous, offering a wide range of products and services at the touch of a button. While these subscriptions can be tempting, they can also significantly drain your finances if left unchecked. However, the lazy person’s approach can turn subscription services into a money-saving tool by carefully curating your subscriptions and regularly reviewing your account statements. This simple act of being lazy about monitoring your subscriptions can lead to significant savings over time. Additionally, many subscription providers offer discounts for annual or long-term commitments, so the lazy person’s approach of “set it and forget it” can pay off handsomely.

Embrace Generic and Store Brands

The allure of name-brand products can be strong, but the lazy person’s approach to shopping can often lead to substantial savings by opting for generic or store-brand alternatives. These products are frequently manufactured by the same companies that produce the more expensive, name-brand counterparts, but they come with a much more wallet-friendly price tag.

By taking a lazy attitude towards brand loyalty and being willing to try lesser-known or generic options, you can easily save a significant amount on your regular purchases, whether it’s groceries, household goods, or even personal care items. The key is to avoid getting caught up in the marketing hype and to be open to trying new products that may offer better value.

Leverage Loyalty Programs

Loyalty programs, such as credit card rewards, frequent flyer miles, and retail rewards, can be a boon for the lazy person looking to save money. You can earn points, miles, or cash back without any additional effort by simply using a credit card or shopping at the stores where you already have accounts.

The key to maximizing the benefits of loyalty programs is choosing a select few that align with your spending habits and then letting the rewards accumulate over time. This lazy approach avoids the temptation to chase multiple programs, which can quickly become overwhelming and counterproductive. By focusing on a few well-chosen loyalty programs, you can enjoy the benefits of your spending without the headache of managing a complex web of accounts.

Embrace the Power of Inertia

One of the most powerful tools in the lazy person’s arsenal is the power of inertia. You can often save money without even trying by simply maintaining the status quo and resisting the urge to make unnecessary changes.

For example, when it comes to your insurance policies, mortgage, or other long-term financial commitments, the lazy approach is to stick with what you have unless there is a compelling reason to change. Resist the temptation to constantly shop around or switch providers, as the effort required often outweighs the potential savings.

Similarly, the lazy person’s strategy of “set it and forget it” can be highly effective when it comes to investments. By avoiding the temptation to constantly tinker with your portfolio or chase the latest investment trends, you can allow your investments to grow steadily over time, minimizing the impact of market volatility and transaction fees.

The Psychological Benefits of Laziness

While the financial benefits of embracing laziness are clear, this approach also has psychological advantages. Adopting a lazy mindset can reduce the mental burden and stress associated with constantly striving for perfection or chasing the latest money-saving hacks.

This reduction in cognitive load can lead to a greater sense of well-being and better decision-making, as you’re not constantly worrying about the minutiae of your finances. Instead, you can focus on the bigger picture and enjoy a more relaxed and fulfilling lifestyle.

Moreover, the lazy person’s approach can foster a sense of contentment and gratitude as you learn to appreciate the value of what you have rather than constantly seeking the next best thing. This shift in mindset can lead to a greater appreciation for the simple pleasures in life and a reduced need for material possessions, further contributing to your financial well-being.

Striking a Balance

It’s important to note that embracing laziness doesn’t mean abandoning all financial responsibility or becoming complacent. The key is to strike a balanced approach, where you leverage the power of laziness to simplify your financial life while maintaining engagement and proactivity when necessary.

For example, while automating your finances can be a powerful tool, it’s still essential to periodically review your accounts and make adjustments as needed. Similarly, while generic and store-brand products can offer significant savings, it’s necessary to occasionally compare prices and quality to ensure you’re getting the best value.

By striking this balance, you can enjoy the benefits of laziness while maintaining a healthy level of financial awareness and control. The goal is to find the sweet spot where your laziness works in your favor rather than against you.

Minimize Impulse Purchases

One hallmark of the lazy person’s approach to saving money is the ability to resist the temptation of impulse purchases. Today’s world is constantly bombarded with advertisements, promotions, and offers that can easily lure us into unplanned purchases, often without considering the long-term impact on our finances.

The lazy person’s solution is simple: avoid the temptation altogether. P pausing before making any purchase can create a buffer between the initial impulse and the actual decision to buy. This can be as simple as imposing a 24-hour or 48-hour waiting period before making a purchase or even taking the time to carefully consider whether the item is necessary or aligns with your financial goals.

This approach not only helps you avoid the regret and buyer’s remorse that often accompanies impulse purchases but can also lead to significant savings over time.

By resisting the urge to buy on a whim, you can redirect those funds toward your savings or other financial priorities, ultimately strengthening your financial well-being.

Embrace the Power of Passive Income

Another way the lazy person’s approach can pay dividends is by harnessing the power of passive income streams. Passive income refers to revenue generated with minimal for ongoing effort, allowing you to earn money without actively trading your time for it.

One of the quintessential examples of passive income is investing in rental properties. By purchasing an investment property and renting it out, you can enjoy a steady stream of rental income with relatively little day-to-day involvement, aside from occasionally managing the property or dealing with tenant issues.

This “set it and forget it” approach to earning money can be a game-changer for the lazy person looking to boost their savings.

Additionally, there are other passive income strategies that the lazy person can explore, such as creating and monetizing digital products (e.g., ebooks, online courses, or digital artwork), participating in affiliate marketing programs, or even earning interest on your savings through high-yield savings accounts or investment vehicles. By leveraging these passive income streams, you can effectively grow your wealth without the need for constant active participation.

The key to passive income success is finding opportunities that align with your interests and skill set and then automating or outsourcing the necessary tasks as much as possible. This lazy approach allows you to generate revenue with minimal ongoing effort, freeing up your time and mental energy to focus on other priorities.


The lazy person’s approach to saving money might seem counterintuitive in a world that often rewards constant activity and hyper-productivity. However, as we’ve explored, embracing a certain degree of laziness can be a surprisingly effective strategy for building financial resilience.

You can save money with minimal effort by automating your finances, leveraging subscription services and loyalty programs, and embracing the power of inertia.

The psychological benefits of this approach, such as reduced stress and a greater sense of contentment, can further enhance your overall financial well-being.

So, the next time you’re tempted to chase the latest money-saving fad or work yourself into a frenzy trying to optimize every aspect of your finances, consider the lazy person’s approach. You might be surprised by how much you can save by doing less.

Picture of Jeff Sekinger

Jeff Sekinger

Founder & CEO, Nurp LLC

Search Posts

Latest Posts

Follow Us