Do you have a tiny budget each month? Are you living in a one income household?
It can be really difficult to live on one income or a small fixed income. It is possible to make it work, but let me warn you it takes a ton of mental strength to make it each month when finances are just not as disposable as you would like.
Before moving to Denver, I lived in a very small town in Texas and the economy there was just not enough to survive and live how we wanted. I had to do whatever it took to make ends meet and here are 5 things my family and I did to make sure we made it through each month.
How To Live On Little to No Money
- Use Coupons
Using coupons is essential for saving money. We all buy groceries and other necessary household items, so we might as well save money on them.
Some ways I conveniently find coupons:
- In the mail
- Grocery Store App
My favorites are using the Ibotta app and my grocery store app.
Ibotta has tons of cash back for brands and items commonly purchased and can be used with many different retailers. No matter where you shop, there are cash back options on the Ibotta app.
Also, I love to sit down and load digital coupons onto my shopper card for my favorite grocery store. If your store has an app, don’t miss out on those exclusive digital coupons that most grocery stores offer.
I have been using this app for a few years now and I love it. They literally give you free money back on your purchases. They also have bonuses like for example if you redeem two rebates on any two items they will give you a $5 bonus in your account. Once you reach at least $20 then you can transfer it into your PayPal account and use that money on anything you want. I recommend either looking on the app before going shopping to find rebates on items you normally buy or as soon as you can after your shopping trip take a moment and look on the Ibotta app to see what rebates you can redeem. Use this link to get a bonus just for signing up Ibotta!
3. Use your talent to make extra cash. If you are good at carpentry, quilting, sewing, babysitting, tutoring etc. Use these skills as a way to make some money. Handmade items can be a great money maker. There are also so many ways to sell them. You can sell online. I recommend Etsy because there fees are really low compared to other sites I have used. If you have a really good product Amazon also has a seller platform for handmade items that other sellers I know have been successful on. You can also sell these items at swap meets or craft shpws on your local area. Carpentry is something my husband does on the side for extra cash because he has so much experience and his own tools. He has been able to run his own small business from this talent. Together we make wood signs for an Etsy shop that I manage. Using your talents can really bring in some cash that you may need.
4. Get rid of unnecessary expenses. I used to have the whole bundle pack from my cable provider that comes with cable, internet, and a home phone. I was paying $250 a month for these services. I know right $250!! I realized that no one was really watching television everyone was using their internet connected devices. So just recently I cancelled my cable subscription and decided just to keep internet only. My Billie down to $50 a month. Savings of $200 per month. That’s an incredible amount of money to save to do other things with the family. And if there is a channel or channels you can’t live without look to see if that network provides a streaming service. Sling TV and HBOGO are two of my favorites because for much less than I was paying I can still enjoy my two favorite TV shows Live PD and Silicon Valley.
5. Cut back on light and water. Make sure to turn off all unnecessary lights. Make it a habit to turn off the lights after you leave a room. Shut down your computer instead of leaving it in sleep mode all night long. Don’t leave the water running while washing dishes. This is a tough one for me but filling up a bowl of hot water and soap a few times while washing isn’t as expensive as leaving the water running the entire time you are washing dishes. Unplug the electronics you aren’t using at night or during the day. Do temperature or twice a week instead of everyday. Air dry instead of running the dryer. Keep the air conditioner at a comfortable temperature and keep it there. Changing the temperature constantly makes it work harder and use more energy. Keep the blinds and curtains closed this will keep it cooler during the summer and warmer in the winter.
These are just 5 tips I use myself because I live on a limited budget. I have a large family and right now I chose to be a stay at home mom. My husband works but these are ways I contribute to the family and save or make us some money. What do you do to save or make money? I would love to hear your ideas! Please leave your suggestions in the comments and have a wonderful day!
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