6 Ways To Lead A Better Life With A Small Budget
by Sumona Finance 15 December 2021
No matter what your income level, having a small budget doesn’t mean you have to live like a pauper. You can use a few easy hacks to eat, dress, and even travel in ways you may have never thought possible.
The first step, however, is to free up your income. This means using one of the excellent online debt repayment calculator tools to figure out an optimal plan for clearing out any debt you have.
Once you aren’t devoting precious income to paying off stale debt, you can focus on using your money more effectively. Check out these 6 ways you can lead a better life with a small budget.
1. Time Your Splurge
Have you decided to eat out today? Instead of paying dinner prices, grab something from your favorite place’s lunch menu, and either eat out for lunch or bring it home for dinner. The lunch menu prices are often far lower than dinner prices, and the portions are generally similar.
2. Use The World Gym
Gym memberships can be a significant expense, and in most cases, they are quite unnecessary. To free up that extra $20 a month, cancel your membership and explore the outdoors. In most cases, no matter where you are there is a place to go for a brisk walk or even a hike. Make the most of your adventures by staying off-pavement where you can, it will burn more calories.
3. Free Activities
No matter what you like to do for fun, there is probably a group nearby that meets up to do that thing. The website Meetup is a prime site for finding local activist groups that have no fee or membership expense. There are groups for just about everything from running to drinking wine while you paint, so go wild.
4. Have Your Coffee & Drink It Too
Just about everyone likes a cup of good coffee now and then, and some like it much more than just occasionally. The problem is that many places charge some legitimately hideous prices for a cup of hot bean water.
By buying your own ground beans and brewing your java at home, you can often save significant expenses while still enjoying that perfect cup. An added bonus is you can use your own cup, and help cut down on waste.
5. Leverage A Rewards Card
If you use a credit card in your daily life or just as needed for emergencies or bigger purchases, you may be able to get significant value from a rewards card. There are cards for cash-back, travel points, and other rewards. Keep it to one rewards card though, so you can focus your reward accumulation.
6. Use Savings Apps
There are a ton of apps out there that can help you save money here and there. There are savings apps for gasoline purchases, grocery rebates, airfare and travel costs, and more. Many of these also offer cash-back redemption via PayPal or Amazon.
Lead A Better Life On A Small Budget
Small budgets don’t have to be resigned to small experiences. By using your money a little more wisely, you can enjoy plenty of luxuries and comforts, without getting yourself into a financial bind.