Living on a $25,000 salary can be not only stressful but frustrating at times. Currently I am going to school for graphic design and working part time at Ulta. My boyfriend works full time at Walgreens. Both of our incomes together doesn’t even make $25,000 every year, but we manage to live happily and debt free. Take into consideration the tips on how to live on such a small salary because no body wants to have debt in their name.
Budget your money wisely! You are having a hard time managing living with the amount of money you make. You need to form a budget plan. Take a look at how much you make and how much you need to fork out for bills. Also add up how much food and other daily products will cost for the month. Gas is part of your budget too so take this into consideration when making a budget plan. Once you know all your expenses you can subtract them from you income to see how much you have left over. It’s also a good idea to save some of your leftover money in case of emergency.
2. Shop Wisely
Sure we all like having top of the line things, but in reality when you live on such a small salary it’s just stupid to buy the expensive things. Dollar stores offer a wide range of products. They are not only cheap but worth the dollar you spend for each. You can get cleaning products, hygiene products, house stuff, and other things from one of these stores. We all need food to live. Instead of shopping at a regular grocery store or franchise, try shopping at Aldi. They offer quite a selection of great food for great prices. This will save you a lot of money on food. We have made $50 worth of food from Aldi last us two weeks. Clothes are some what of a necessity these days. To save some money try finding a resale shop. There are some out there that not only have top of the line clothes, but they are like brand new with a heck of a lot lower price tag than at the actual store.
We all like to go out and do activities that are fun. Many things we may want to do cost money. With your extra money go out once in awhile and have fun. It’s a good idea to find things you like to do that are free. Go to the beach, stay home and watch a movie, read a book, or anything else that will pass the time. Find something that you like to do that doesn’t cost anything. This won’t cut into your budget and it will keep you happy.
4. Stay In
Staying home can save you a lot of money. You won’t be tempted to spend money you don’t have. Just seeing certain places may make you want to stop and spend!
5. Say Good-Bye To Bad Habits
Whether you smoke or drink, ridding of these habits can save you more money than you think. By quitting smoking you can save a couple hundred dollars a month. That’s just a month! Imagine how much you will save in a year. Quitting this bad habit not only helps your already low budget, but saves you more and more money each year. Do you like to indulge in a drink or few after work? One drink might just not cut it for you. The cost of alcohol could be going toward bills instead of your drinking habit.
6. Necessities Only!
Figure out what exactly you need to live. All the extra things you spend money on may not be a necessity. Learn good habits when it comes to this. You may think that you need things like cable and internet, but these bills can really add up overtime. Most apartment complexes offer free cable in the office area and sometimes free basic cable for every apartment. There are many opportunities to use free internet. Many businesses have Wi-Fi available free for you to use. Public libraries may also offer Wi-Fi or you can use one of the computers there. Consider these options if you don’t use the internet too often or want to save the extra money every month.
We all need to get from point A to point B. You don’t need expensive car payments on your already tight budget. Look for an inexpensive car with an affordable price. Keep in mind cars do cost money to maintain and if they break down, make sure you have emergency money saved. Other options could be to walk to work, ride a bike, take a bus, or any other public transportation.
8. Bring A Lunch
Lunch breaks usually aren’t as long as some of us want them to be. Fast food seems like the only option for some but in reality this takes up more time and more out of your wallet. Think about bringing a lunch to work. Not only will this save you money, but you won’t have to worry about being late back to work.
9. Eat in
We all have food in our budgets so why not use this option. Some may not know how to cook but there are always tons of recipes and cooking videos available online for you to view. Eating in will save you a lot more money than you may think. It also can keep you slimmer!
10. Don’t Overuse Utilities
We all love to take long, hot showers at times. Don’t do this when you are on a tight budget. You want to save as much money as possible. Only shower the amount of time it takes for you to be clean. Another thing you can do is wash dishes by hand versus using a dishwasher. This can save you so much money on your water bill. Don’t do small loads of laundry all the time. Get all of your laundry done at once and put as much as possible in for a large load. This can save you some water and electric at the same time. You can save on electricity too! Always make sure lights are off in the rooms you are not currently in. This just makes sense and saves you money. Unplug things when you aren’t using them because electricity is always running through them whether they are turned on or not. Double check at night to make sure everything is unplugged and lights are off. Also do this when you leave your home or apartment.