10 Unexpected Tips for Saving Money on a Tight Bud


What can we tell you about saving money on a tight budget that you don’t know yet? You don’t need other sources to advise you to give up cable TV, use coupons, find more people to share housing costs, or-God bless-find a side job.

You are already very busy and tired, but you still have the motivation to save more money, whether your goal is to pay off debts, establish an emergency fund, contribute to your IRA, or whatever. Let's try to dig deeper and provide some money-saving tips that you may not have thought of yet.

Key points

  1. Saving money under tight budgets requires creativity and confidence.
  2. You will have to reject many mainstream ways of doing things.
  3. Focus on cutting down your current expenses, but allow yourself some affordable indulgence.

1. Change the way of using electricity

Your power company may provide free tools to assess your household energy usage and suggest ways to reduce energy consumption or lower bills. For example, if you are not using a time-sharing plan and you can choose it where you live, then using it can save you money. If you want, making changes while using energy-intensive equipment such as clothes dryers, washing machines, and dishwashers can lower your bills.

2. Check your eligibility for the low-income utility plan

The Federal Energy Assistance Program for Low-Income Households works with states to help people warm in winter and cool in summer. The eligibility and level of assistance to provide heating and cooling cost assistance vary from state to state. Some programs can even replace damaged furnaces or boilers, or help weather your house to reduce energy bills.

3. Search YouTube before paying professionals

Some tasks are too dangerous to be DIY. Other times, if you try to do the work yourself, it may make the problem worse and it will be more expensive to solve. However, some of the tasks we might hire people to do are surprisingly cheap, and once we see others do them, we can handle them easily. From replacing the air filter of the car to replacing the heating element of the oven, next time you encounter a problem, you will usually ask a professional to solve it. Please do some video research first.

4. Switch to a prepaid mobile phone plan

When we think of mobile phone suppliers, most of us think of the three giants-T-Mobile, Verizon, and AT&T. But their regular monthly plans are expensive and may provide more data, faster speeds, and newer phone technology than you need.

If you switch to one of their prepaid plans, you may be able to cut your monthly bill in half. Switching to a smaller provider, such as Republic Wireless, Ting, or Mint Mobile, can also lower your bill. Therefore, at least three months of service fees can be paid in advance. If you give up cellular data altogether and insist on calling, texting, and Wi-Fi, the plan becomes very cheap.

5. Allow yourself to subscribe to one

Newspapers, TV, movies, music, cloud storage, photo editing, word processing, practice courses, and now sometimes it seems that every company uses a subscription business model. Asking someone to sign up for a service and pay for it permanently is a great way to make money. This means that if you want to save money, you need to do the opposite.

Of all your subscriptions, which one do you use the most? Allow yourself to indulge and cut the rest. Many have free alternatives. In addition, you don't have to choose a subscription and stick to it for a whole year. For anything every month, you can switch: Hulu this month, Netflix next month, Spotify next month.

6. Buy a bidet

If the shortage of toilet paper caused by the pandemic has not convinced you to try a bidet in 2020, now is the time to consider using a bidet. This doesn't sound like a budget idea, but the entry-level model attached to the side of the toilet seat is only $30 to $40 on Amazon, and will soon pay for itself with toilet paper and wipes savings. The bidet is very efficient, so it won't increase your water bill. Low-end models do not use electricity. Reducing the use of disposable products is good for the environment.

7. Make a challenge without spending money

You might think that forcing yourself to spend no money for a week or a month will only create a lot of pent-up demand. If you don’t buy groceries now, will you buy more in the future? may be. But you may also find yourself reassessing those delayed purchases.

If you survived a week of drinking ice water at dinner because you didn't have Coke Zero, maybe you can quit the habit of eating every day, or at least halve it. You will not buy unnecessary items impulsively. You may find a free way to hang out with friends. Whether you try for a day, a week or a month, the challenge without spending money can raise your account balance to a level.

8. Accept help

The United States has so much wealth and generosity that we should all be willing to accept help when we need it. We are talking about food banks, pet food storage rooms, free farmers’ markets, community gardens, school supplies, medical clinics, mental health services of varying sizes, medical assistance, hospital charity programs, and so on.

Of course, these resources are more abundant in some regions than others. But no matter what you have access to, please make the most of it. When your situation improves, you can always repay the generosity of the organization that serves you by donating your time or money.

9. Don't skimp on insurance

It is very tempting to increase the deductible or reduce the coverage to reduce insurance premiums. But remember the purpose of insurance. If your car is scrapped, the pipes in the apartment upstairs burst and you flood you, or the storm blows off your roof, good insurance coverage will make your life return to normal faster without messing up your finances situation.

If you are a pet parent, please pay $20 to $50 per month for pet insurance for your furry friend. When they need emergency surgery, you will thank yourself.

10. Give yourself a little allowance

It is tragic to spend every penny of your income on necessities and savings. Your willpower will become too weak and you risk squandering. Instead, at the beginning of the week, month, or payment period, consciously choose how much you allow yourself to spend on interesting things—of course, within your overall budget.

Then, enjoy those innocent hospitality. If you want to save money for something bigger, roll your allowance from one period to the next. A cash envelope or a dedicated savings account can help you manage your entertainment funds and separate them from your basic expenses.

Bottom line

Some expenses are almost impossible to eliminate. But this does not mean that you cannot reduce them. In particular, reducing your recurring expenses can be a great help, because it saves you money every month, not just once.

Also, don’t forget that saving money is a long-term goal. Don't make short-sighted decisions, such as cutting or canceling insurance, which may cost you a huge price in the long run and cancel all the progress you have made. At the same time, many small savings options can bring big returns in the long run.

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