13 Best Ways to Save Money On A Low Income

For those making a low-income, here are the 13 best ways to save money. This is the most important money saving advice all low income earners should know.

I grew up in a low-income household where my parents made around 50k together. Even with a low income, they managed and saved their money well. The extra money they would save prevented our family from living paycheck to paycheck. Most recently, I lived on a 20k income and still managed to save some money. Based on observing how my family managed to save money on a low income and my own experience, I came up with a list of the13 best ways to help you save!

I hope you guys found these tips helpful. Let me know your thoughts below! 😊

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[andreafarias.]

What is one way you save money on a low income? :)

[RandySoWavvy]

I’m a truck driver I’ve delivered refrigerated/frozen food to family dollar stores all I’ll say is there were times my air stopped working on the trailer and food unthawed and the stores still took the load and put everything on the shelves. After working for that account almost a yr I’ll never buy or suggest people buy fresh produce or anything in the fridge section from family dollar, 99, dollar general, etc go to the big grocery stores like Walmart, HEB, go to local farmers markets on Sunday if you can

[purpleflowers]

Girl you make good points . Yes you ae absolutely right. People call me cheap because I rather pay $5 for a jug of coffe that will last me a month instead of going to starbucks every single day. People say oh $5 save wont make you any more rich. But I did it for a whole year girl I save over $1000 yearly by just not buying starbucks. You are right smart girl.

[daronjones]

1.) 0:50 Know where you stand financially and create a budget
2.) 2:33 Lower your Housing Expensis
3.) 4:11 Sign up for assistance programs you qualify for
4.) 5:55 Spend less on food
5.) 7:00 Find ways to lower your bills
6.) 8:25 Stop spending on bad habits
7.) 8:52 Commit to not buying anything new
8.) 9:37 Wait for deals on things that you need or borrow them
9.) 10:30 Rent space in your home
10.) 10:50 challenge yourself to not spend money for periods of time
11.) 11:08 Get a side job
12.) 11:55 Once it's in your savings don't touch it
13.) 12:22 Understand that you can't have it all

[peacelove]

Yep, grew up with poor refugee parents so as an adult I dont buy sodas Juices, and snacks. I eat lunch and dinner. Prep meals. I can eat baked chicken, rice, and salads for days. I make beef rib pho and eat that for 3 days. Using cloth napkins.
Don't buy things I dont need. I only have eyeliner for makeup, blush was given for free at sephora. I wear my clothes for years, same weight better I only 2 twice a day. I buy classic item clothes. Jeans, cute tops, etc.

[honeybunnybunny]

I had to stop buying second hand because of the recent price increase but I am now just waiting for those big sales once or twice a year! It has saved a lot of money and been able to get them new

[AngelAngel-uybf]

You need to be careful when you tell people about getting roommates not a good idea it's better to get side jobs save money having roommate is not a good idea because sometimes you get a really bad roommate there's a lot of crazy people out there you should talk about side jobs other jobs that help you save money

[streetsofsouthphilly]

Good general advice. I want to add on here. My side hustle was at a restaurant and the leftover food was how I ate. Always happy to take home a few extra slices of pizza or eat a hoagie someone didn't want.

[millies.]

Buying at strategic thrift stores can help you find even clothes with tags still on. Save for what you need. If you actually qualify for a government program do it. That's how my parents afforded my dental care as a teenager. Medical is a necessity.

[ojyochan]

Big thank you to your parents and all the people who actually grow and pick food for everyone❤

[mangayakposowa]

These aren’t bad tips, but I would caution on not doing too many of them because it may just make you miserable lol. Remember the whole point to save money is to make your life better and less stressful. I like how she mentioned they may not be permanent. Also consider making more money, such as doing delivery jobs, getting mire skills/ education, applying for higher paying jobs/promotions or asking for a raise, or donating plasma

[jodie]

Make bread, hand wash clothes, use cloth wipes when taking a pee, take a foam soap bottle when empty and add some dish detergent fill up with water, stop eating as much processed foods(yes this saves u money), make any and all food that u can, do all errands 1-2 days out of the week, see what u can get where cheaper, get rid of cable, take shorter showers, gardening, learning to can foods, dehydrate foods, eat left overs, sew to fix clothes instead of buying new, eat 2 meals a day, changed all my lights out for LED lights(my electric bill was $60.00 less after this), we fix all we can by learning from YouTube
Here are some things we do to save money, I hope this can help someone.

[vernkay.]

Use food banks, batch cook and portion and freeze meals.

[andreahaberma]

Thank you to your parents for their field work. That’s tough!

[adriana.ostfriesland]

Last point: don’t have kids if you can’t afford them. Wait and plan them.

[yearoldnewdriver]

I am saving for a used vehicle on my own.

[stevehartman]

Im Amish breakfast olde fashioned oatmeal 1/4 tsp brown sugar an organic orange Lunch chili crackers peanut butter sandwich iced sun tea w no sugar Supper popcorn cheap light good tasteing n good for u most hard work is done so u dont need a lot of fuel. Snack a banana or apple cheap nutritious

[debbieviebranz]

If I’m shopping for say, stew beef, I will always buy the cheapest package among the choices. Sometimes it only 75c or a dollar but the pride I feel spurs me to search out even tiny ways to save

[windmillridgebudgets]

Hey 👋🏻 there. New subscriber here from a YT recommendation. So glad I found you!! 🥰🤗

[jonnaborosky]

Use high rate bank accounts. You can find accounts that pay 4.5% interest, and some now are going up to 5%.