How To Save Money With Low Income In India - Top 5 Ways
Today I am going to be talking about five things that low-income people know that everybody needs to know to live frugally. So I have been on a low income, the majority of my life as a child and as an adult. I had a few great years where I had an amazing job that made a lot of money. And during those years I realized that I forgot or just didn't do a lot of the things that I do naturally when I'm living on a very low income. So I lost that job a couple of years ago, was back on a very low income.
Again, we are living day to day, week to week, paycheck to paycheck. I just actually got laid off again. And now we are implementing those super-frugal things that we learned throughout my lifetime to do to stay on a frugal budget. I'm going to share those things with you.
These are things that most low-income people do. And if you're living on a kind of mini-budget or a nice hefty budget and you have a lot of money to spend, but you want to live frugally, these things are things that you can do that don't hurt that but won't break the bank. And that will help you save up money to pay off debt, whatever you want to do. And if you are living on a low income, you may already know these things and have just sometimes forgotten to do them. So let's talk about those five things right now.
Number 1:- Cooking At Home
The first thing is the one thing that you will see on every A Frugal Life website, every frugal living group, every frugal living blog. I cannot stress this one enough. This one is cooking at home. So if you're on a low income like us, if you go out for the day, grocery shopping to the park, whatever you're doing and you realize that you've gone over your time, it is two hours until lunchtime and you're starving. Most people would just run to the fast food, run through the subway, pick something up and just try to work out the budget later.
However, if you are a super tight budget, if you're living in poverty or a low-income budget, you just can't do that. So you know that one thing that you have to do is the plan. You have to do your time management skills to realize that you have to be back by a certain time to make lunch for the family or you have to plan with snacks in the car.
So, one thing that we do whenever we go anywhere for the day because we live in a rural area and it takes a long time to get anywhere, is we keep a cooler in the back of the car. The cooler has ice from the fridge. We don't pay for ice. I put snacks in there like sandwiches, picnic-type snacks, like crackers and olives, anything that I've gotten on sale. And always, we put soda water or juice or whatever we're drinking for the day. So that means that we never have to stop at a convenience store. We never have to stop at a fast-food place. Nobody is ever starving so much that they can't make it until they get home. And then we can get home and cook a nice meal.
So we do this every single time we leave the house for more than two or three hours. It's really easy. We just keep the ice ahead of time in our freezer and we plan, feel that fill that cooler with what we need and then take off for the day.
Number 2:- Mending Clothes
So I will mend clothes forever until they fall apart. Things become wearing and public clothes to wear in the house, clothes to wear into bed, clothes to ride in the garden, clothes down the line as I mend them until they're nothing but scraps. So I don't care if it is an any-cost pair of sweats, a nice pair of jeans. If there's something wrong with it, I will mend it. There are websites on google that will show you how to sew for free or get a friend or family member to teach you. But the supplies are cheap. You can get a little sewing kit for a little money at stores or you can build up a sewing kit over time. If you have the supplies at hand, it is so easy to determine clothes and keep wearing them.
So I am wearing a shirt that I just noticed when I put on has a problem with it. It's missing the button. I just noticed that it just happened because I went to an interview the other day and it was just fine. So I will not throw the shirt away. A lot of people will just throw this away or donate it. I will get another button. So add on and probably switch out the button to match on the other side. It will take me at most ten minutes to have a perfectly good shirt. Again, some mending clothes are something that you want to do, whether you're low income or high income because it will save you so much money, especially if you buy amazingly expensive, high-quality clothes. You want to learn to mend them instead of donating them.
Number 3:- Use What You Have Before You Buy More
So this is something that I fell off the wagon with when I was making a good amount of money and things would go bad. So I have stocked the fridge with these great fruits and vegetables and bread and things when they were on sale. But there's only two to three of us eating at a time. So things would go bad too soon because I would think in the morning, I don't want to have that salad tonight. We want to have something else. And we would go to the store and buy those ingredients instead of using the ingredients that are in the fridge.
Now that we are back on that budget, we know better. So I will make my meal plan out of the fridge if I don't make a meal plan for the day at. I will cook out of the fridge before I buy anything new. So if we decide that we want a certain meal, I will put it off until later in the week, until we use up the fresh veggies and fresh bread that are in the fridge to make sure that nothing goes bad. So this is super easy for anybody to do, especially if you're cooking at home. Don't go off of what you want for the day. Go off what's in your fridge. It is such a great practice. It uses up the items that you have in the fridge and it prevents food waste and lowers the grocery bill.
Number 4:- Don't Go On Vacation
I threw in a super controversial one. We haven't been on a vacation. Now we don't go on vacations because we have five dogs at home and an elderly aunt that we take care of. And there's just no way we could leave overnight without spending a whole bunch of money to take care of those things. But this has only been for the last few years before we didn't have those things. We did not go on vacation either. It's just so nice and comfortable to be at home. We can go out for the entire day and explore the world around us, especially in the rural area that we live. We can go visit friends and family. They can come to visit us if we want to see people that are far away. But we can't afford to vacation.
So we just don't when we can afford to vacation because we don't have a vacation in our vocabulary, we don't use that money on vacations. So I will never spend a lot of money to go to a tourist place or anything. And we don't miss it. We've never missed going on vacation. So if we had extra money I would use that to pay down debt, or we would buy something we need for the house because we don't think I have this money, I need to take off with it. And if you think about it, this is going to be hard for some people. But vacation is just a quick, fleeting memory. Ten years down the road that you'll remember in pictures, that's not a big deal. You can pack a picnic and go to the beach near your house, or you can go for a bike ride and have the same kind of memories without spending thousands of dollars. So it's the time with your family that's important. It's the time with your kids that's important. It's not a destination or location that you need to go to.
Day trips are just as good as a vacation and they're not as stressful. Nobody knows how much stress is on a vacation. You have to get on a plane. You spend hours and hours driving somewhere. You stay in a bed. That's not comfortable because it's not yours. You eat food that you're not liking because it's not food that you're used to. But you think it's great because you're on vacation. Right. So, again, this is going to be a controversial one and maybe it's just us. But I know those people out there that feel the same way. You don't need a vacation. And I believe my opinion is that you should never go on vacation. If you have any kind of debt, you should always be debt-free before you use any money to take off on a vacation.
Number 5:- Look For Opportunities
This is something that I do all the time is taken advantage of opportunities. If you don't have a lot of money, it's easier for you to see the opportunities are out there. If I want to take a course, I can't afford to go out and purchase that course. So I know that I need to look for that course for free if I want to take photography. If you have money kind of sitting there, you might go out and spend money on a photography course. If you don't have money sitting there, you see when it pops up in your email, there's a free photography tutorial on Udemy or there's a completely free photography class on google or the public library is giving classes.
But if you are not in the income bracket that you can afford things like that, you look for opportunities. I took some notes, opportunities for free classes, free samples, free events like music in the park and free plays like Friends and Family Day are regional theater gives friends and family day where you don't have to pay to see the same play that everybody else has seen. You just have to go on a Thursday night instead of a Saturday morning. But it's so great that when you have a low income, you do look for those advantages and opportunities. So if you are not on a low income, open your eyes and start looking for those opportunities for free things out and about in the world around you that you can take advantage of free entertainment, free samples, free courses, free things are out there.
If you don't like all my tips, don't worry. Just keep scrolling. I have something for everyone here and if you do like my tips, please comment below and tell me what you think about them.