Here are 10 tips for saving money with a low income

Spending money can happen both quickly and easily when trying to save.

If you already aren’t making a lot, there are some ways to still save money.

By working hard and remaining disciplined, you could reach your goal and save some money while still living off a low income.


Here are 10 ways to help save cash when you don’t make a lot of money

First, set your goal.

This means how much you’d like to save in how long.

This can help because you’ll reach that goal by a certain date.

This will motivate you.

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Set a budget, now that you know what you want to save.

You need to know the amount of money you make as well as what you need to spend.

Keep close track of how much everything is like groceries, rent, and any other expense.

By outlining what you spend, you may see that you can cut some things out.

If it’s possible and you really want to save a lot of money quickly, you may consider living with parents or a relative.

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This situation could be temporary while you work to save up your own rainy day fund.

You could also get a roommate, or negotiate your lease if that’s at all possible.

Cook your own food.

Preparing your meals or planning them, then structuring a shopping list with coupons could save you a lot of money.

This goes hand-in-hand with not eating out to save money.

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By making your own coffee to bring with you or packing your own lunches, you can save a lot of money in just one day.

Sell stuff you no longer need or use.

Sites like Depop, Poshmark, and eBay are great to unload clothes or items you haven’t used in years.

Consider cancelling subscriptions you no longer use.

If you have multiple streaming services but realize you only use a few, you could temporarily cancel the ones you rarely use to pocket the money that month.

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You can list out your absolute necessities, then ban yourself from spending any additional money besides that.

This also helps you to be mindful when spending money over time.

Finding a side job could add money to your bank account.

You can also choose to have a percentage of your check moved into a savings account automatically.


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