10 Simple Tips To Save Money On Low Income

Set Your Priorities

Do you really need to go for that weekend vacation or car repair is more important? Set your priorities so that you don't have to pay more on things which if paid on time could make you save money

Make A Shopping List

You see that barbeque sauce bottle and end up buying it even if you don't need it? Make a list before you go for shopping. This will help you cut down on mindless buying

Avoid Spillage

Is the leftover sufficient for the next day's meal? If yes, don't just throw it away. These might seem to be non-existent ideas, but they go a long way

Keep A Tab On Your Spending

Be sanguine on your earning and know exactly where you are spending and what you are spending on

Try DIY Instead Of Hiring For Everything

Well, nobody expects us to build house with our own hands, but we could leave some things for DIY (Do it yourself), like making your own fancy flower vase, decorating your balcony etc

Don't Hesitate For Discounts

When you are going for your shopping, don't hesitate to ask about extra discounts, redeeming your cash vouchers etc

Cook Your Own Meals

Eating out once in a while is a good thing, but regularly spending on food means splurging a lot of money. Cooking your own meal is healthy as well as inexpensive

Cut Down On Unnecessary Spending

The idea is not exactly austerity, but limiting your expenses on things which are not essential

Get A Saving Goal

In the beginning of your month, before you allocate your spending, you must deduct your savings first. The calculation should be Income Minus Savings = Expenditure and not the other way round

Eliminate Your Debt

Debt is both devil and an evil. If it keeps piling up, it will suck out all your income. Pay your debts at the earnest

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