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​Re-Designing Your Life on a Lower Income

​When unexpected situations cause your income to dip, it's beneficial to figure out how to live on less money. 
 
These strategies will help you learn to conserve, whatever your situation. Simply making two or three of these changes might reduce your expenditures enough to successfully live on the lower amount you’re bringing in right now. 
 
1. Bring your lunch. Commonsense really, and not rocket science at all. Taking your lunch five days a week can save you a very decent amount by the end of the month. Depending on how low your income has dropped, taking your lunch to work might actually be the only sacrifice you need to make. 
    • Eating out may cost nearly $10 a day (unless you’re eating fast food). Saving fifty dollars a week, times 4 weeks in a month, means you’ve cut $200 off of your monthly expenditures. 
2. Avoid dry-cleaning costs. Wear clothes to work that can be washed in your washer and save your clothes that must be dry-cleaned for special occasions. Most modern fibres can be handwashed. Suits can be spot cleaned and hung in a steamy bathroom to freshen up. Use a pressing cloth when ironing to avoid shine. At least for now, you can conserve a pretty penny when you avoid wearing clothes every day that require dry-cleaning.

3. Reduce or change your mobile phone service. If you’re between phone contracts, it's a good time to consider switching to a carrier that charges less and gives you more minutes, data and texting for the price. Alternatively, change to a less expensive plan with your current carrier.  And don't overlook the advantages of a pre-paid account either.

4. Take a look at your cable television service. Do you really need all those channels? After all, if you’ve got two televisions, you can only watch 2 channels at a time. Consider reducing your monthly cable television service for 6 months and see how it goes. 
    • Although it might take a few weeks to get adjusted to it, you’ll most likely be pleasantly surprised that you can live with fewer channels and feel okay about it. Plus, you’ll reduce your monthly expenditures, which will ease off the money crunch for now. 
5. Grocery-shop differently. Again, not rocket science and just plain commonsense. Avoid more expensive cuts of meat unless they’re on a really good sale. Look at supermarket ads before you shop. Make your shopping list for the week using items in the sale ads. 
    • Buy fresh produce that’s on sale. Better yet, shop at local greengrocers and markets to get consistently low prices on fresh produce. 
6. Take advantage of free entertainment. The costs for going to the movies, paying to get in to museums or playing miniature golf can really add up. Consider free or inexpensive activities, like going to the local park, riding bikes together or watching a movie at home as a family. 
    • If you prefer, rather than stop your leisure spending completely, reduce the number of times in a month you do such activities. For example, if you normally spend money for entertainment weekly, try cutting those expenditures to every other week. Doing so could easily trim $100 from your monthly budget for a family of four.
 
Learning to live on a lower income is a challenge. Explore these strategies to alter your lifestyle by reducing the amount of money you spend in a month. You’ll realize that you can re-design your life on a lower income and still enjoy a fulfilling lifestyle.

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  • Home
  • Join the Club!
    • Twenty Reasons to Join the Cheapskates Club
  • About Us
    • Cath's Story
    • Ask Cath
    • Glossary of Cheapskating Terms
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Inspiration
    • Getting Started
    • 31 Days of MOO Index
    • Articles
    • Housekeeping Routines
    • Budget Renovations
    • Saving Stories
    • Learning Centre
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Add a Recipe
    • $300 a Month Food Challenge >
      • $300 a Month Food Challenge
      • The $300 a Month Food Challenge Forum
  • Newsletters
    • Newsletters 2023
    • Newsletters 2022
    • Newsletters 2021
    • Newsletters 2020
    • Newsletters 2019
    • Newsletters 2018
    • Newsletters 2017
  • Saving Money
    • Latest Tips 2023
    • Latest Tips 2022
    • Cheapskates Tip Store
    • Tip Sheets
    • Top Tip Competition
  • Contact
    • Changing Details
    • Help Files