How to Save Money Fast on a Low Income:

Whether you consider you and your family to be low-income, middle-income or from a well-off position, it’s nevertheless a smart idea to look for ways to cut your expenditure on your everyday essentials. Wasting money through laziness or ignorance may vary from individual to individual, but when it’s on everyday items, the kinds of shopping one does habitually every week of their life, it’s amazing how much a family can save in a year by tweaking their spending habits. This short guide gives you some ideas as to how you’ll be able to make easy everyday savings, helping you budget better and save for the future. These are the few steps that we can take How to Save Money Fast on a Low Income. 

Food & Drink   

It’s obvious that cooking at home is the cheapest way to keep you and your family well-nourished. Poor and low-income families rarely visit restaurants, cafes and other eateries due to the unjustifiably high expenditure they require when compared with simple home-cooked feasts. In this sense, the primary tip is just that: to eat at home and not out of the house. It’s a luxury many enjoy, but one that can be replicated with ease with top-quality ingredients and some care and attention when cooked at home.

As well as cutting down on expensive meals and snacks out of the house, consider the cost of your daily coffee at your local cafe. It’ll add up to many hundreds of bucks a year, money you could easily save by purchasing a portable coffee container, and even a premium coffee maker to keep at home. Shop wisely for ingredients at your cheap local superstore, or else reach an agreement with local farmers and produce salespeople so that the cost of your weekly essential food (bread, milk, potatoes,cereals, etc.) is as low as it can be. Splash out to treat yourself, but not as a habit, and you’ll quickly notice the savings you accrue.


A regular complaint of those in ill health or poor fitness is that it’s expensive to lead a healthy lifestyle. While that’s not entirely true (many forms of exercise, for instance, cost nothing), it’s hard to argue with some of the national and international stats that generally correlate health and life expectancy to an individuals amount of disposable income. When it comes to being healthy for less, there’s a number of small adjustments you’ll be able to make to draw the most value out of your health obligations.

Check out, for instance, the website eDrugSearch. It’s a handy site that shows a list of cheaper alternative pharmaceuticals than the ones you may be currently buying. The same concept can be applied to health insurance through the use of price comparison websites, and eye or dental care through careful shopping for the best deals and offers that’ll help knock a good amount off your yearly medicine-related bills. This is one step where you can know that How to Save Money Fast on a Low Income. 

Property & Bills    

Usually, the largest joint expenditure of any individual or family is the roof over their head and the utilities that make their abode a comfortable place. Whether paying rent or making contributions monthly to a mortgage arrangement, this fixed largesumis mostly non-negotiable. You will always have the opportunity to move to better value accommodation, though.Scouting out for these on property websites now and then is a great way to secure the most affordable properties to manage.

However, it’s in utilities that you’ll be able to make more significant savings. Move to a pay-by-use utility bill system to make your bills more economical, managing your energy efficiency so that you’re never leaving lights or appliances on unnecessarily. The rise of the ‘smart home’means that you’re able, for a small set-up fee, to control your home’s utilities remotely on an app.Installing solar panels on your roof, again for a comparatively small set-up cost, will provide your home with eco-friendly energy that you’ll no longer have to pay for from the grid. Making these adjustments to your utility expenditure streamlines your costs so that you’re operating at maximum efficiency per dollar spent.


Debt can take many forms, with perhaps the most common being credit card bills or short-term loan repayments. Managing your debt is a savvy way to ensure you’re not hemorrhaging money unnecessarily.Instead, you are keeping a tight balance sheet that never results in you slipping into spiraling debt. It might take a real squeeze over one month to save up on repayments, but once you’re free from debt, you’ll be ensuring that you’re not spending a penny on interest payments that can quickly get out of hand.

It’s also advisable to ensure you never take out payday loans, which usually come with extremely high interest rates, or a credit card that slaps excessive fines on those who don’t quite manage their expenditure perfectly, leading to a dip into your overdraft. Talking to an advisor at a citizen’s advice bureau is a wise move for those looking to be a little smarter when it comes to financial decision-making to save you from debt and fees that might be avoided with astute planning and money maintenance.


Life’s not about saving money on everything!Occasionally you’ll want to treat yourself or your family to meals out, vacations, a night out with friends, or a new television, laptop or phone. This ‘luxury’expenditures, though, can quickly add up if they become less of a treat and more of a routine.

Anyone with financial concerns would do well to draw up a complete budget for their last three months. In this budget, look at(where possible) every area in which you are spending money, categorizing your expenditure into elements like clothing, food and drink, transport and gifts. With that data collated on a spreadsheet, you’ll be betterplaced to see exactly where your wage is spent each month.You’ll then be able to go on into your next month with an idea as to how you might tinker your spending slightly to extract maximum value from your lifestyle without draining your finances.

The above tips should be of some service for those looking to make small savings on everyday expenses, adding up over the years to the kind of money that’ll take your family on holiday, or pay for a complete refurbishment of your home.


submitted by: Umer Mahmood