11 Tips for Building Your Savings Despite a Low Income

Cheryl Savan / Shutterstock.com

When you are squeaking by on minimum wage or seemingly not much more, it might seem like there is little hope for you to get money into savings.

After all, working full time on the federal minimum wage of $7.25 an hour brings in a whopping $15,080 a year before any taxes.

But even if your budget is down to the bare bones, there still are things you can do to build your savings. Following are 11 ideas worth considering.

Popular Articles

27 Money-Saving Ways to Use Vinegar in Every Room of Your Home
27 Money-Saving Ways to Use Vinegar in Every Room of Your Home

Vinegar is arguably the most versatile product in your house. If you aren’t using it for all of these purposes, you’re probably wasting money.

8 Reasons You Need to Stay Fit After Age 50
8 Reasons You Need to Stay Fit After Age 50

The benefits are huge when you make exercise part of your life as you age. Saving money is just one reason to get started.

5 Ways to Keep Your Aging Brain Sharp
5 Ways to Keep Your Aging Brain Sharp

Forget young at heart — science says these tricks will keep you young in mind.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

977 Active Deals

More Deals