Low Income Resources

Save Your Family Money Without Sacrificing Living

Living paycheck to paycheck is a struggle for many people. It can be downright depressing, as you are constantly living with the fear of not being able to make your next payment. Let me give you some tips on how to live better and save more money so that your life isn’t always in such turmoil.

Breaking the Paycheck-to-Paycheck Struggle

It’s no surprise that 75% of Americans living paycheck to paycheck. You may not have $500 saved up for an unexpected expense and it seems like only a small percentage has enough cash on hand in case something comes along, but don’t worry–you’re not alone!

Breaking the paycheck to payday struggle is possible once you identify and set a budget for yourself. Once that’s done, it will be easier to live within your means while also identifying things in life that make it just a little bit more enjoyable without breaking the bank all of us living on these types of incomes face – but there are ways around this!

Identifying the Scope of the Problem

The first thing to do if you want your life on track identifies the scope of what’s holding it back. There could be one or more major reasons that are preventing you from living paycheck-to-paycheck, so don’t hesitate! Take some time out of this stressful month and figure out where exactly things stand financially with all aspects involved before coming up with new strategies for getting ahead – because once again: money isn’t everything when happiness also needs attention too.

Lack of Income: The most common issue for people who are struggling financially is a lack of income. If you’re underemployed or just don’t make enough money, it might be time to remedy that situation in order to fix your finances and live the life payments can afford! You could get another part-time job or sell some assets off so bills will go down more quickly than they would if left alone.

Overspending: You might be in the position where you have plenty of money on paper, but due to not paying attention or working hard enough with your budget – by spending more than what was allocated for that month- over time this can lead to credit card debt. Credit cards are great tools if used responsibly; however, they become harmful when people leave balances open too long because then interest begins accruing which compounds monthly fees (new purchases will also add onto existing balance).

Credit Card Debt: Interest rates on credit cards are at an all-time high, with many offering interest rates over 10%. It’s not surprising that most people become overwhelmed by debt quickly–and find themselves in horrible financial situations if they don’t pay attention. A family of four making just $40K per year can end up carrying around thousands worth (sometimes more) depending upon the card and how much it costs them each month to make those minimum payments.

Too Much House: In the USA, it is common for people to buy more houses than they can afford. This often occurs because banks are so focused on getting you a mortgage that they forget about other expenses such as insurance and taxes which have been added into your monthly payment plans without an account from them in advance.

Lack of Savings: Not having savings is expensive. Not being able to take advantage of deals that come along, or deal with minor expenses like vehicle breakdowns can cost you so much money! You won’t be ready for what life throws our way when we don’t have any cushion in case things go wrong – which they inevitably will at some point because nothing lasts forever.

Illness: If you find yourself living paycheck to paycheck, it may not be an accident. You could have a lot of medical expenses and this is why your finances are so tight! In fact, most US bankruptcies happen because people with insurance couldn’t pay their mounting bills from healthcare issues–and without coverage, they are screwed even more.

Poor Credit: Your credit score can be negatively impacted for a number of reasons, but it’s important to remember that even if you do nothing wrong and always pay your bills on time there is still room for improvement. Having poor income or no money available at all isn’t the only way people might have low scores; having high interest rates from other loans means those with bad finances may not benefit as much when buying things like houses in expensive areas due to increased costs because they’re less able than others around them financially.

No Plan: The feeling of being financially backed into a corner is something that many people don’t know how to handle. There are so many factors at play, including overwhelm and guilt for not doing enough with their life yet – it’s just emotional! But the solution isn’t always as difficult: create an emergency fund you can access quickly in case anything comes up unexpectedly this month or year.

The best way to overcome any problem is by talking about it. You need complete and utter honesty from yourself, as well anyone else who can help you in order for this plan of action to work; but if done correctly there’s no reason why such problems cannot be defeated with hard work (and maybe some assistance).

Setting a Budget

The idea of a budget is not something that people like to think about, but it’s an important first step in saving. Why? Well for starters if you don’t set one then all your money goes out and there isn’t any leftover at the end of each month – so before anything else happens with this plan make sure you have some cash put away!

But also consider things such as future goals or needs- these are what will guide how much spending should occur now versus later on down the line based on priorities… And when thinking through those different scenarios just remember no matter which way they go (up/down), always strive towards financial stability.

Determine Your Income: Determining your income is a very important first step to budgeting. You need this figure because if you do not have any money left over after taxes and insurance, then it’s impossible for there to be anything in the account labeled “budget.” I tell people to use their net income, for me it is the true number to work with.

Add Up Your Expenses: This may take longer if you’re in debt or you have a lot of expenses you didn’t realize you had. The best way to do this is to open your bank account ledgers and write down your expenses for an average month.

Be sure to note which ones are fixed or flexible, plus which ones are essentials and which are non-essentials. For this exercise, you can consider any contract to pay something to be essential since you cannot just stop paying even if it was frivolous at the time.

Add Up Your Debt and Create a Payoff Plan: For your credit card debt and other revolving credit like store cards, add them up. Then note the interest you pay as well as what’s due each month for this type of loan in order to establish a payment plan where high-interest rate debts will be paid off first while still making sure minimum payments come out on others with lower rates or no annual fees attached.

Create Financial Goals and Plans: As a society, we are living longer lives and working more years. In the US for example life expectancy has increased from 75 in 1991 to 79 today – but what does this mean? It means that by age 65 one-third of people haven’t retired yet! Now is a great time if you want some financial freedom because soon enough your income will start decreasing while expenses go up due to retirement costs or health care premiums (which can be expensive).

So make sure you have a clear plan in place.

Use Software to Help: There are many ways to manage your budget! If you’re not sure where to start, try checking with the bank for online software that will help track spending and figure out how much money is being put into each account. You might also want something simple on paper so there’s no mistake when it comes time to write those checks again next month.

Check Up Daily at First: It’s easy to spend a little money here and there without realizing the impact that can have. It could be as simple as going out for coffee every day or buying an expensive item on impulse that will end up costing you more in interest payments than if you saved over time and cash flowed it.

A good way of making sure we stick with our budget is by doing daily checks – no matter how small those purchases may seem at first glance from time-to-time expenses add up over weeks/months etc., so make sure they don’t slip through your fingers unnoticed before its too late!.

Be Realistic: Living within your means is a lot more satisfying than you might think. If we want to be able to live differently, then find a way that will allow us greater financial flexibility in order for it’s not just about the trips abroad or paying off debt as quickly as possible – but rather creating strategies where both can happen!

Living with realistic expectations of what one CAN achieve financially versus striving towards impossible goals which only lead to disappointment and feelings of inadequacy feels so much better.

Find Money-Making Opportunities: The world is an ever-changing place and the economy changes with it. To thrive today, you have to be able to adapt quickly or risk being left behind in your field of work. If making more money isn’t possible because of low income then finding ways on how else can support oneself would become necessary if wanting both goal achievement as well financial stability going forward

Check out my Side Hustle post for ideas.

You may have to get real with yourself. You can work extra hard for a while, or you could do without right now and focus on the long-term goals instead of constant financial struggles that will never go away if they are not fixed soon enough—but there is light at the end of this tunnel!

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Spending Less on Essentials

When it comes to buying essentials like food, clothing, and paying the electric bill, it may seem like there is no way to spend less. However, there are actually many ways you can spend less on essentials if you are creative and determined. Let’s look at some different ways to do it.

Food: The best way to eat healthy food on a budget is by using meal plans. It’s fun and it can even be more economical in some cases. Most importantly when it comes to food is portion sizes! Portion sizes are there to not only keep you within a healthy weight but also to make our food last longer too.

You’re sure to find a solution in your area. For example, some organizations distribute food that would otherwise go to waste for a small cost. Also, check your Facebook groups for buy nothing offers and local food distribution offers.

The USDA’s Thrifty Meal Plan is a great way to cut down on food costs while still eating nutritious and tasty meals.

The best way to save on food is by planning your meals in advance and using coupons. When you make the meal, make sure everyone gets an appropriate serving size with the right calories for their needs – this will not only help them stay healthy but also cut down wastefully large servings which cost more money than they should be!

Utilities: It really depends where you live regarding your utilities and what you may or may not be willing to do to cut the bill. One way to deal with utilities if you want to be sure you can run your AC when it’s hot and your heater when it’s cold, is to ask for “budget billing.” If you’ve lived in a place at least a year so that you have a record, you can easily get that setup. This means your bill will be the same every month, making it a lot easier to budget. It’s usually evened out twice a year.

The best time to run your dishwasher is as close to bedtime or after 8 pm when the power grid isn’t being stressed.

The best way to save money on your utility bill is by doing things like insulating the windows.

Setting your thermostat a couple of degrees off from perfect will help you save money on energy bills. Noticing this small change after getting used to it won’t hurt anything either! For winter wear thicker clothing with more layers, while keeping the house cool by turning fans on in warmer weather – don’t forget about using curtains at night if possible too

Clothing: The truth is that outside of growing kids, most people could go at least a year without buying any clothing. Unless you’re involved in a particular sport, you don’t need tennis shoes every single year either. Let’s look at a few tips to help you save money on clothing.

Buy high-quality clothing, this does necessarily mean name brand, just make sure what you buy is not poorly made. Also, follow its care directions to make them last longer. before buying clothing check seams, buttons, zippers, etc. to make sure they are made with care.

Choosing pieces of clothing can be overwhelming. There are trends right now for every season, but there’s also the high price tag that comes with these new fads and styles–why not buy quality classic clothes on sale at discount stores to freshen up your wardrobe?

Avoid Too Many Colors – When you buy anything, including a t-shirt. Don’t just go for the color that is most visible when browsing online or in-store because your wardrobe can get overwhelming with all those individual shirts and dresses. Those who try matching every item together will end up spending more than necessary for clothing items they rarely wear!

You Only Need One – There was a time that people had that one Sunday dress or that one thing they could wear to a wedding, a funeral, and a cocktail party with minor changes. When you think of investment pieces like that, you really only need one. You don’t need two little black dresses or even two pairs of the same jeans

Thrift – The best thing about thrifting is that you never know what kind of treasure your child might find. If they’re growing super-fast, then there’s no need to go out and spend too much money on clothes; baby items are available at really great prices in many areas Once Upon A Child has big sales several times per year when customers come together with their kids looking for something new or used (and can get discounts).

Find Sales – The best deals and sales happen during the offseason. Find out when the next big wave of new clothing items will be released by paying attention to your local stores’ seasonal releases, or you could just go online.

The right clothes are the answer to every fashion question. You don’t need more than one item for each job, and if you’re on a budget there’s no shame in buying used! Plus these tips will help keep your spending within reason while still looking fabulous on all occasions.


Finding good deals on medicine can be a little more difficult in some cases. It all depends on what you need and how much it’s going to cost, there are programs that help with the cost of medicine.

There are a few ways you can save on your medication costs. The first thing to do is contact the manufacturer and see if they’ll give discounts for buying through them versus another store, as well as checking with generic companies just in case it turns out that there isn’t much difference between branded drugs even though some people might think differently about generics because of their price tag. You could also use Scripthero which lets consumers compare prices across various providers without having any insurance at all.


If you want your investments to last, it is important that they are regularly maintained. A car needs oil changes and filters changed often in order for its value not to be lost quickly due to wear-and-tear or rusting components; likewise with household appliances such as refrigerators which can easily break down without regular maintenance.

Making a budget can be daunting but with some thought and consideration, you’ll find that anything is possible. Ask around for other people’s opinions, set up your own plan which will work no matter what comes along in life; when given the chance we often get creative enough to make things happen! Just don’t let yourself break through any boundaries on spending once committed to – because breaking obligations leads us down an inevitably dark path…

Manage Your Debt

When it comes to the devastating effects of debt, credit card debts are a budget killer. If left unaddressed and unmanaged then you could find yourself living paycheck-to-paycheck even with an income that seems like there shouldn’t be any problem making ends meet – but this is just what happens when we’re not paying attention!

Life can get away from us so easily these days; before we know it our finances have gotten out of control too far past where they need/want (or should!) go in order for us still live comfortably throughout life’s events without worrying about money all day long.

Debt Management

A debt management company will help you get out of credit cards, student loans, and other consumer debts with a plan that’s right for your situation. You can negotiate lower interests rates so even when interest charges are included in the monthly payment it still works out cheaper than before!

One of the most important things to remember about debt management is that it will affect your credit while you’re doing it. It can take a lot of time and work hard before getting back on track, but some card companies may refuse payment offers which could make all efforts pointless or even worse – not affordable


Bankruptcy can be the best way to start over for some people. It will wipe out your debt and you’re not allowed to file again for at least ten years, so within a couple of years creditors including mortgage companies should give another loan if they see that you have steady income with good payment history- this isn’t an end like many think!

But filing bankruptcy should absolutely be the last resort when even the avalanche or snowball method won’t help you.

It’s a tough decision but if you’re drowning in debt and your household income isn’t enough to get out without suffering too much then bankruptcy may be the answer.

Earn More

If you can find a way to make more money and get your debt paid off in the shortest amount of time, then that is what will work best. Your credit will be outstanding when it’s all said and done; having issues occasionally shouldn’t feel bad! However, if doing everything possible isn’t an option for whatever reason (incapacity or circumstance), consider taking on part-time jobs or freelance work instead – these two options provide additional stream income which helps with paying down debts faster while also providing some flexibility should life circumstances change.

One of the biggest things that can help you manage your debt is knowing how much money to bring in and what expenses are out of pocket. It’s amazing what happens when we make our finances a priority because if we don’t budget for it, it becomes trouble for us. Knowing this ahead of time will let all future decisions come from informed choices instead of poverty-stricken ones.

Savings Tips and How to Set Up an Emergency Fund

When it comes to managing your money, many people are completely lost. One of the most important ways you can help yourself financially is by paying yourself first.

This involves saving for rainy days and future expenses in an emergency fund as well as maxing out contributions at work or through investment accounts so that more goes into those pots instead of being spent on monthly bills right away – including housing costs which often eat up nearly half our salaries these days without us even realizing it because we don’t have set budgets for ourselves anymore! But how do I pay myself?

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Set a Goal: Do you want to save more money? Do it! With a little planning and effort, anyone can increase their savings rate. Why not start small by saving just five dollars every week so that within two months of consistently working at it – maybe with some extra help from an app on your phone or computer if needed–you will have saved over 100 bucks in total.

Save Your Change: One way to trick yourself into saving money is not spending your change. Just spend cash, and when you do save the coins in an envelope or jar for at least one year before looking at them again-you might be shocked by how much there really was. Some banks also offer “keep the change” plans where they’ll automatically divert the change straight into savings without us having to worry about it ourselves (or so we think!).

Cut Expenses: In order not to feel stressed about money, it’s important that you have a plan for emergencies. Six months worth of emergency savings can be difficult but necessary once it has been established as an investment in your future self-reliance and stability

The recommended steps include getting rid of unneeded expenses now before they become ingrained habits or add unnecessary stressors into our lives such as cutting cable TV or cell phone bills; stopping coffee purchasing at work altogether.

Track Your Bank Account: It can help to go back and look over your expenditures for the past year. You can go online to your bank account and look at each month’s withdraws. Which expenses were frivolous? Which are needed? Was it worth it?

Save Your Raises: Staying below budget is never easy. But if you get a raise, don’t spend it! Save the difference so that once your savings are built up again and there’s more than enough for whatever fund or project interests you most at any given time – whether it’s an emergency fund (which can be used in emergencies), vacation funds, or investing in retirement, you have options.

Get a Side Gig: There are many ways you can make more money. One way that I know is through freelance writing, cleaning houses, or pet sitting while the other option would be mystery shopping which all have their pros and cons but in general, if your income isn’t high enough to cover what expenses come up then these types of work could help out tremendously! Check out my side hustle post.

Invest in Your Employers Plan: Don’t overlook your employer’s matching plan. They’ll often match a portion of the money in their program, and some companies will even match half of what you invest.

Save Windfalls: You just won the lottery, and you’re not sure what to do with your newfound wealth? Save it! All windfalls should immediately go right into savings. If that seems too painful for some reason at least put half in so spend one-half now or later on when finances allow (or even better yet give more than expected).

Save Budget Extras: Once you’ve set up your budget, don’t be tempted to spend more than the allotted amount. For example, if this month your utility bill is $150 instead of 100 as planned for a monthly average expenditure of $50 and due to saving money from previous months’ budgets extras it will give some peace of mind knowing that even with an unexpected expense coming in there’s still enough spare cash available on hand – just waiting until next time!

The best way to avoid the financial struggles that often occur when there’s an emergency is by setting up a savings account and making sure you’re ready for anything.

Tips for Staying on Track Financially

Staying on track financially can feel like a daunting task at first, but if you understand that your goals and the knowledge of how capable you really are to stick with them then saving money will become easier.

Saving enough for retirement or paying off student loans might not happen overnight-it may take time and effort every day over several years before anything is achieved–but doing so feels great! And even fun sometimes too 🙂

Set Clear Financial Goals

Setting goals is a great way to make your life more fulfilling. But not everyone has the means or opportunity, so set realistic financial targets and be honest about them from day one!

If you can’t afford a yacht – don’t pretend like this will come easily in future years when suddenly everything changes again (don’t get me, wrong-I love, dreaming up these unrealistic schemes).

This doesn’t mean being poor makes someone bad either; it just means they’re setting themselves up for failure before anything else happens by making things too hard right off the bat with little hope of success.

Automate Whatever You Can

One of the worst things that can happen is paying a bill late. But not all hope is lost! You just need to automate your finances and do as much with payroll, insurance, or savings on autopilot so you don’t have any unexpected expenses come up when it comes down to it.

Make It a Game

Get creative and challenge yourself this month. For example, spend the next two months without buying anything for your household – even food! Most families can last another month if they get creative with their grocery budget (or make sure there’s enough stored away).

Split it in half or try celebrating one holiday while not spending extra money on all-store bought gifts. Wear something you already have instead of a new item on occasions like Halloween/Thanksgiving when dressing up is essential.

Sometimes I do a $20 challenge where I can not spend more than $20 on groceries. I have to get creative with what I have on hand.

Remind Yourself of Your Goals

Automated saving and spending is the way to go if you want your money management skills on point. When it comes down to what we spend, there’s no need for guilt because knowing our limits saves us from overspending!

Get Help

If you feel like your budget is a problem, it might be time to consider getting some help from someone else. You could seek out professional financial planning or life coaching which specializes in helping people stay on track financially and make an effortless transition into living comfortably without debt.

Use Only Cash

For some people, using debit cards and credit actually makes it too hard to remember what was spent. For those who find that they cannot control their spending or budgeting with cash alone for whatever reason (lack of willpower), the envelope method may be an easier option as you can put all your household money into envelopes.

You can stick to your budget if it’s realistic, you pay attention and make enough income from all sources of revenue available. Thankfully there’s always another way! You may have a hobby or skill that would allow for additional cash flow such as selling handmade crafts online using Etsy.

Where to Get Help

First, make sure you are checking this blog regularly for new posts. next, join our Facebook group for not just community of like people but for help too.

Financial problems can be overwhelming. They may have a significant effect on your life and the way that you live it, but thankfully there are ways for those with financial troubles to get back up on their feet again! The first step in doing so is understanding what causes them – let’s find out how by looking at a couple of factors:

Income inequality- this refers to both types (inequality or lack of), where one group has been disadvantaged due to income generation opportunities from birth onward; Lack of financial education/ literacy – lacking knowledge about finances in general including saving, budgeting, investments, etc.

Debt Management: Sometimes hiring an expert will help you not only get out of debt faster but staying on track for other money goals too. Try out the snowball or avalanche method for 6 months first before you look into a company to help you.

Bankruptcy Attorney: If you’re stuck with more than $10K in debt and it can’t be paid off within 3 years, consider bankruptcy. You’ll get your life back on track! There are pros and cons though so carefully go through them to ensure you are making the right choice for your situation.

Financial Life Coach: The power of a financial life coach is that they can help you stay on track and avoid pitfalls. They motivate people with their goal-oriented approach, which makes it easier for them to achieve what’s necessary when discipline needs doing most!

Your Bank or Credit Union: Interested in saving for retirement? Credit unions offer free financial education programs that can help you set up savings and investment accounts. You’re only one application away from getting started!

A Counselor/Therapist: Money problems are the number one cause of depression, but if you don’t want to be miserable for long there is help available. Professional counselors can work with your emotions surrounding finances and give perspective on what’s happening in life

A professional counselor has extensive training that will allow them to get down into the root problem causing emotional distress so they can help you work through them and find solutions.

Help Someone: This may seem strange, but outside of the places you can go for help, you can also help someone else. Go feed the homeless, participate in a food drive, take angel shopping, and put your own problems into perspective.

If you want to stop living paycheck to paycheck, take these steps.

  • Don’t spend more than what you make
  • Spend less money on the things that don’t matter
  • Track your spending
  • Make a budget
  • Create an emergency fund
  • Increase your credit score
  • Negotiate with creditors
  • Reduce monthly bills
  • Get rid of any debt.

Try these tips out and see if it helps!

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