How to Survive On a Tight BudgetPublished by Tight on Sun, 10/28/2018 - 03:52
It’s not fun to live on a tight budget. Everyone wants a life where they can afford whatever they want to buy but this is not always the case. Statistics shows that there is a huge percentage of people in the world living below a dollar every day.
For those on a tight budget, you can make life fun and worth living only if you learn to live within your means but how are you going to do this?
1. Stick to Your Budget
The most important thing when on a tight budget is to plan and stick to it. The best way to do this is to note down your income including the irregular ones and your expenditures as well. When you note down your expenses, you will be able to see where you can adjust downwards.
2. Find New Sources of Income
If you have been living on a tight budget, you would not mind to make more money. Finding new sources of income can make a significant difference in your lifestyle. It is not necessarily that you set up a business, as you can take other part time jobs that will supplement your income.
3. Avoid Bad Habits
There are things that you do which only make your budget tighter. The one thing about these things is that you can live without them. Things such as buying lottery tickets expecting to hit the jackpot, going on drinking sprees every weekend with friends, gambling and impulse buying are just some of the things you should stop.
You can have fun at home instead of going out when you are on a tight budget.
4. Prepare Your Own Meals
Buying your meals is an expensive affair that will only tighten your budget. Preparing your own meals at home will not only save you money, but you also ensure that your meals are healthy. To save money, eat at home as often as you can and carry your lunch or dinner to work.
5. Learn to Say No
In many occasions, your friends will tempt you to go out spend some money and have fun. It could be that it is once a month, every weekend or even frequently. When living on a tight budget, you have to learn to say no.
Surviving on a tight budget can be a challenge when you do not have money management skills. It is advisable that you also save some money and invest wisely. Learn to separate your wants from your needs.