When you live on a fixed income, it’s important that you find ways to keep the costs down. As your income is set and you need to make your money last, you’re going to need to wisely apply a few quick tricks to save money and make your dollar stretch further.
Quick Tips to Save Money
Split Membership Costs
Split the costs of various memberships with family! You and your spouse can each go in half on your Amazon Prime membership, or on your Netflix account. If it’s a service you both make use of, why not split the costs so you each pay a fair amount? That way, you don’t need to both have your own account but you both get to reap the benefits.
Buy Tea in Bags
While it can save you time to buy pre-bottled tea, you’ll save a ton of money if you buy tea bags instead. They’re inexpensive, it doesn’t take long to make the tea, and then you can sweeten it (or not!) to your specifications. You can serve the tea hot or cold, whichever you prefer! Either way, you’re saving money.
Make Food at Home
While it’s tempting to get food out more often, it’s much better for your wallet if you make food at home. Grocery shopping can be much less expensive than eating out (especially if you use coupons!) but it requires you stick to a schedule, making the food you’ve purchased. However, buying more food out is also often bad for you, as most fast food is far from healthy.
Buy in Bulk
Speaking of groceries, when you head out to buy food, try to buy in bulk when you can. Buying in bulk ensures that you get the best deal by getting a lot at once. We recommend this specifically for non-perishables, however, as buying perishables in bulk could lead to you having to throw away a lot of food when it goes bad.