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How To Live In A Low Income World.
Living In A Low Income World
With the economy the way it is, many people had to learn to get by on very little monthly income, saving a dollar is just as hard as earning it today. There are so many things you can do to save a dollar that take little to no work. Improving your daily habits can produce drastic results, live better on what you have. Take care of what you so it lasts longer, this will save the money it would take to replace it.
I use 79¢ and dollar stores for cleaning supplies, paper towels, and odd things like popcorn, candy, spices, and cards. The stores have a large inventory and fulfill most of my needs, I have even purchased paintbrushes and rollers there. When you are on a fixed income and need things this is the kind of store you should frequent regularly.
I get the majority of the stuff I need from thrift stores, these are good alternatives to regular priced items. Letting go of name brand items saves a ton of money, and I have discovered that generic brands last as longer or sometimes longer then name brands.
All of my clothing comes from the thrift stores, there are tricks to shopping there. You need to spend some time in there and look at everything, I have found so many new items with the labels still on them, and was able to purchase them for 5% to 10% of the original cost. These stores mark down items after being on the shelves for a period of time, this is another way to save even more money. Try to limit your purchases to these items.
I get all the household goods I can at the thrift stores too, I have found many good things there. Buying second hand merchandise when possible, many people can get by with used items just fine. Not everything has to be new, just be careful when buying second hand. Check it out thoroughly and make sure it is in good condition.
Plan Your Meals
I plan out my meals for the week and only buy the food I need, I cook at home and make something I can eat 3 or 4 meals off of, this allows me to save on cooking expenses.
I buy the food I can in bulk, this may have a larger initial money lay out but saves in the long run. I also buy food in the wholesale outlets where you get larger sizes and quantities, this adds up to savings also. I make sure no food expires before being eaten, the food costs good money, letting it go bad is just wasteful.
I always check the reduced rack first to see if there is anything I need there, these technique has been known to save me money.
Stop eating out or plan to eat once a week or month, if you buy your lunch everyday it gets expensive. I tried it for one week and averaged $6.00 to $11.00 dollars a day, that adds up to be a lot of money. And that was eating modestly, can you imagine what dinners would be?
Buying Bulk Or Wholesale
Make A Budget
Creating a budget and sticking to it helps, by listing all your bills and expenses it will be easier to stay on top of your finances. This enables you to pay everything on time and avoid late charges, late charges are like throwing money away.
List your bills, when they are due and how much you owe. Write down what you spend on everything else, keep track of your money and know where it goes. This can be used to learn better spending habits, or at least to identify wasteful spending.
One of my guilty pleasures was stopping at WaWa for coffee in the morning, I make it at home now and bring it to work in an insulated cup. I made this small change and save $50 to $75 dollars a month, I still have my morning coffee and do not have the headache of stopping every morning.
Save A Lot
Eating a meal out is expensive, you can eat 4-6 meals at home for the same cost as one meal out. I like to plan meals that share vegetables, buy them at a produce store in larger quantities cheaper and cook them once for both nights.
If you plan meals and use coupons the food expense can be cut drastically.
Save On Furniture
You can get some good deals on furniture at the thrift stores, You may have to keep looking for a while or check all the stores in the area to find what you are looking for, you will eventually find what you need.
Tips To Save Money Around The House
- Weather strip your doors
- Plastic over your old windows
- Turn lights out when not in room
- Do not sleep with TV on
- Do not be wasteful, eat food before it spoils
- Turn thermostat down 1° to 3°
- take quick showers
- Take care of your possessions
- Use coupons as much as possible
- Only buy sale items
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© 2015 Vince