If you add all that up, you are spending $200-240 per month. If you spend $10-12 per meal, that adds up to $50-60 per week. Think about how much you spend every week if you eat lunch out every day. Once you get the hang of bringing your lunch and cooking at home, you can save tons. This is probably one of the easiest ways to save money. Plus, they let you search for coupons and add items from there. Ordering from Kroger’s app lets me look at the sales ad plus they have all my previous purchases in as “suggestions” so I can quickly click on the things I usually get. It’s like that old saying “out of sight out of mind”. I use discount stores like Aldi and Sam’s Club, Also, I have also discovered that ordering online and utilizing the pickup option saves me from buying things I don’t need. Then, I look at sales, coupons, and the grocery app Ibotta to see what I can save on. I write down the meals I’m going to cook and what I need to buy at the store. First, I sit down on Sundays to plan out my week. Make a Grocery Budgetīudgeting your groceries is huge. You can see all the other money-saving apps I use here. Dosh is so simple, I have my debit card attached to it and anytime I shop somewhere where there is cashback, it automatically adds the money to my Dosh account. I have earned so much free money just from using them. Use Money Saving AppsĬashback apps are my favorite. I honestly don’t miss satellite and there are even days (like today), where I don’t even turn the tv on. We use Netflix and Hulu to watch the shows we want. It was worth the extra $100 in savings to me. We cut our satellite off several years back and I have been fine since. You can either try to negotiate or just make the cut. You can start small and make them bigger as you achieve the small ones. Setting goals can help keep you pushing forward. If you compete with yourself, it could inspire you to be frugal. Have conversations about your goals and expectations but make sure that you are willing to stay calm and communicate together in a loving way. It would be really difficult to tighten a budget if your partner wasn’t ready to stop spending. Make sure that you and your partner have the same goals. That’s a lot of money for a smaller budget. I recently paid my car off and it felt so good. Just imagine once you pay things off, all the money you would have left over to put into your savings. Start with a small debt, like a credit card. You should make it a priority to get out of debt. Get Rid of Debtĭebt can play a huge role in why you can’t cut your budget. I promise, it will feel so good, that you will be looking for things to cut so you can save more.įor me, once I start to save, it’s like an addiction and I can’t stop. Try setting $20 aside and watch it grow each month to $100. I realized exactly why I saved and why I knew how to be frugal.īut even if you have a small, very tight budget, you should save. I learned the importance of saving during the pandemic. Some people refer to it as “paying yourself first”. You know as well as I do that most people won’t save at all if they don’t take it first. You should ALWAYS do this! Whether you are trying to live on a tight budget or not. It’s a little bit easy for first-timers to grasp, then you can tweak yours once you get the hang of things. You can also check out the 50-30-20 budget. It will help you simplify this daunting task and before you know it, it won’t be scary anymore. I have an entire article dedicated to making a budget and I also have a budget calculator that you can use. They don’t know what you want them to do until you tell them. It’s kind of like telling your kids to do chores. You have to assign your money to certain tasks. A budget means the amount of money that is available for, required for, or assigned to a particular purpose. You might think you know how to budget, but do you really? This is something I used to think I knew how to do until I got ahold of some of Dave Ramsey’s teaching.īudgeting isn’t the enemy here, your lack of budgeting is. But anyway, that’s not really what we are here to talk about. A lot of times we send our kids into the world without a clear understanding of money. My youngest says, “Yea, Uncle Matt is rich because he doesn’t blow his money on a big house and an expensive car”. They wanted him to loan them some money to open up their lemonade stand. My kids made a very good point the other day in casual conversation. A big house and a fancy car aren’t worth the lifetime of debt. It also took me a long time to figure out that pride can keep you in a mound of debt. It’s not your salary that makes you rich, it’s your spending habits. Most people don’t even realize that true wealth is a mindset. I’m going to share my actionable tips to live on a tight budget in this post. I like to know that if I find myself in a bind, that I will be ok. After this past year, I have had to tighten up my financial belt and be frugal.
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