When it comes to much needed frugal living tips, those with one income households will love the ideas in this post. The tips are designed for the family that is working to make ends meet on one household income but still wants to live nicely. It can be tough, but living a frugal lifestyle doesn’t mean you can’t have savings accounts, vacations or even nice presents at the holidays. It simply means you work to make that happen in new and different ways.
7 Frugal Living Tips For Single Income Families
Coupon as much as possible.
Obviously, I’m already an advocate of couponing, but it has to be said. Using coupons along with sales in your local stores is one of the best ways to save money in your household budget. Coupons are excellent for not just grocery items, but also household cleaning supplies, health and beauty products and even mainstream retail shopping discounts.
Pick the splurge you really want.
Someone once said that when you are on a diet and want a splurge, pick something you can’t have just any day. Make it a splurge you really want. There are many conveniences that cost money, but what is the one splurge or convenience that is truly important to you? Perhaps your spouse wants the extra television channels for sports, or you just really need that gourmet coffee to make it through the day. Don’t splurge on fast food or convenience items that aren’t truly special. Make your splurges count. Fewer splurges and better splurges will save not only money but feel much more rewarding in the end.
Shop everything second hand.
Second hand is amazing for kids clothing, books, movies, furniture and even some electronics. Whether it’s buying kids clothing gently used or grabbing a refurbished laptop for half the cost, second hand can give you the things you want – even name brands – at a fraction of the cost.
Make it yourself.
This is probably one of the most popular frugal living tips out there aside from couponing. You can make so may items yourself. Laundry products, meal kits, homemade breads and cakes. You may even be able to craft and sew clothing and create home decor for half the price. If you can make it yourself for less money, then do that instead.
Utilize online rewards programs.
There are a ton of amazing online rewards programs to choose from. Some offer a rebate on purchases you make, and others are simply websites you use to earn points or money to redeem for gift cards. This can give you extra cash for splurges, or money in the bank to pay for bills. Some of my favourites are Swagbucks, Checkout 51 and mail in rebates for free products.
Menu plan consistently.
I cannot say this enough. Your grocery budget can make or break you. Not only does a menu plan act as one of the best ways to eat healthier, it keeps you from eating out as often. It’s really a win-win. If you know what you are cooking, then there is no question of spending the extra money on takeout or convenience foods in your grocery store.
If you really struggle with menu planning, then try out $5 Meal Plan. It happens to be my favorite meal planning service. It’s just $5 a month (the first two weeks are free!), and you get menu plans sent straight to your email along with the exact shopping list you need in order to create the meals. Each meal costs around $2 per person or less. This service allows you to save time because you won’t have to meal plan anymore, and it will save you money as well! If you are interested in joining for free, click here.
Downsize as much as possible.
This is tough, but if you are a one income home, then you are likely only in need of one vehicle. Smaller homes to rent or buy are another option, but don’t forget simply purging things from your home. You can create a large amount of liquid cash just by going through closets, bookcases, and video collections. Sell these items in local community swap shops or on online classified and auction sites. A minimalist life is one that is much more affordable and often much more emotionally satisfying.
These practical frugal living tips are ideal for any family – not just those that are living on one income. No matter your income and budget, you can use these ideas to create more funds for paying off debt or simply saving for the future.
Know you need to start and stick to a budget? The Budget Binder Kit is here to help! Check out this useful resource here.
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