Quick and Easy Ways to Save Money on a Tight Budget

Saving money can be a daunting task. This is especially true if you’re not making a lot of money. If your budget is getting tighter and your paycheck isn’t going to get larger anytime soon, you have a problem. However, you can still have a decent quality of life and even save money on a tight budget. In the following pages we’ll show you how.
Here are eight quick and easy ways to save money on a tight budget.

1. Make wiser shopping choices

woman carrying many shopping bags on a city street
Be a smart shopper. | iStock.com/Artem_Furman

Saving money on a tight budget could be as simple as shopping at different stores or changing when and how you shop. Certain times of the year, especially during and right after the holidays, can be a great time to snag deals. For example, June is the best time to purchase cookware and dishes, hardware and tools, and household paint. You can also snag a great deal on a gym membership during this time.

2. Negotiate

Young traveler businessman wearing white shirt and necktie making call
Ask for what you want. | iStock.com/fizkes

Although it’s easier to pay the price for an item or service without trying for a better deal, it’s not in your best interest financially. Don’t just accept the price you’re given. There’s usually room to negotiate some items. You can often flex your negotiation skills when it comes to your cable service, for example. All you have to do is call your cable provider and ask for what you want.

3. Borrow instead of buying

young student reading book between the shelves
Why buy when you can borrow? | iStock.com/anyaberkut

There are some instances where it’s better to borrow an item instead of purchasing it. One great is example is books. Instead of having a pile of old books lying around your house, collecting dust, make a trip to your local library and borrow your books. You can also borrow an e-book from the comfort of your home. Two sites to consider are BookLending.com and Lendle.

4. Look for deals and freebies

Couple shopping together in grocery store
You can find deals if you know where to look. | iStock.com/gpointstudio

Some things in life are free. There are plenty of deals and freebies out there if you know where to look. Retailers such as Amazon, Williams-Sonoma, and Walmart often give away free services and items to customers. You can also enjoy deals and freebies if you happen to be a senior citizen. Some services you can obtain free of charge are eye care, transportation, and tax preparation.

5. Barter and swap

young woman near rack with clothes
Bartering and swapping are great ways to save money.| iStock.com/Dutko

Another way to save cash is to barter your services or engage in a swap. There are several websites that make this a breeze. For example, if you’re interested in revamping your wardrobe, one site to consider is Swap Style. This service allows you to swap clothes, shoes, accessories, and more without a membership fee. If you’re looking for childcare, consider starting a babysitting co-op with friends, family, and neighbors.

6. Cut back

women in hair salon
Don’t overdo it when it comes to treating yourself.| iStock.com/Gemenacom

Just because your goal is to save money doesn’t mean you have to give up things you enjoy. You can still purchase some of the things you usually buy, just don’t buy as much or as often. For example, if you tend to go to the salon for weekly manicures or hair treatments, try cutting back to twice a month. It’s OK to give yourself a treat every now and then, just don’t overdo it.

7. Take care of yourself

Health equals wealth.

Another quick and simple way to keep more money in your wallet is to practice good health habits. Eat a balanced diet, exercise, and get enough sleep. Coming down with an illness can break the bank, so do your best to say healthy. For example, diabetics shell out an average of $13,700 each year on medical costs, according to The American Diabetes Association. Their medical expenditures are more than twice as high than those who don’t have diabetes.

8. Stay home

couple relaxing on a sofa at home
Enjoy some quality time at home. | iStock.com/AntonioGuillem

It might not sound exciting, but one of the best ways to save cash on a tight budget is to stay home. Do you really have to accept every party invite and eat out three times a week? Give yourself a break and choose to stay in every now and then. You’ll save yourself a significant amount of money. The average household spends roughly $3,008 per year on dining out, according to the Bureau of Labor Statistics. Give it a try; you might find you enjoy staying inside and eating home-cooked meals.
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