10 Ways to Save When You’re Making Minimum Wage

Are you struggling with typical money-saving methods due to low income? These ideas take cost-cutting to a whole new level.

7. Sell what you can

Monkey Business Images / Shutterstock.com

Get serious about saving by scrutinizing everything you own.

You could have a yard sale to sell old clothes, trinkets and kitchen gadgets, but think bigger. Sell the furniture you don’t need. Sell your movie collection. Sell the TV. I’m serious! The kids will find something else to do.

8. Find a roommate

W. Scott McGill / Shutterstock.com

Finding affordable housing can be a nightmare. Subsidized housing is available, but wait lists are long and the properties aren’t always in ideal locations.

If you can’t find a place with cheap rent, the next best thing may be to get a roommate. Another option, if you live in a house, might be to rent out a room.

You can find potential roommates on websites like Roommates.com and EasyRoommate.com. Sites like Craigslist or your local paper may be good places to place ads if you have a room to rent.

9. Move somewhere cheaper

Africa Studio / Shutterstock.com

Maybe despite your best efforts, you simply can’t find an inexpensive place to live. In that case, it may be time to do something radical — move to a new city with a lower cost of living.

That isn’t permission for you to simply pack up and go without a place to stay or a plan for what to do when you get there. Instead, do your research first and line up a job in advance.

10. Make more money

g-stockstudio / Shutterstock.com

If none of these suggestions sounds like much fun, it’s because it’s really hard to get by on very little income. You know that.

To make more money, you could work harder or you could work smarter. Choose the second option. Rather than spending your life working two or even three jobs to get by, get the right education and training for a career that will let you live comfortably. Look into jobs that require only a two-year degree.

Talk to your local community college to find out which careers are in demand in your area. Its financial aid office should also be able to help you learn about programs that can pay for your tuition and eliminate the need for student loans.

Do you have any great tips for saving while making minimum wage? Share them below or on Facebook.

Maryalene LaPonsie
Maryalene LaPonsie
After 13 years as a staffer for a Michigan legislator, I decided it was time to quit the commute and work from home instead. For the past three years, I’ve been penning ... More

Trending Stories

Comments

1,299 Active Deals

More Deals