live within our means. Yes we had to sacrifice some luxuries, but we think back we didn’t suffer one bit. Now that the tax holiday is over this is the time to watch every cent you spend. This will help you for the long haul, because  it will help you learn where you can save the most money and teach you better spending habits.


There are great apps for your phone or computer that can help you come up with a budget.  It is essential to have a budget, when you are on a limited income.  Create a budget and stick to it.  This will help you save money.


Limit eating out.  If you can go without eating out at all, strive for it.  Restaurants, fast food is extremely expensive.  Making food at home will take more time, but it will be worth it for your health and your pocketbook. Start clipping coupons.  Learn the best time to use your coupons as most items go on sale every 12 weeks.  Using your coupons in conjunction with the sales will save you the  most money.  You can purchase the Sunday paper for coupons, or talk to gas stations or deli owners,  late at night about giving you any inserts that are left over. [caption id="" align="alignright" width="240"]Credit Cards Credit Cards (Photo credit: 401(K) 2013)[/caption]

Credit Cards

If you have strong will power and can use your credit cards only to build credit than do not discontinue them! Buying your groceries on your credit card, and paying them off immediately will help you avoid interest charges.  If you can not take the temptation and find other things to buy with your credit cards than cut them up.  Credit cards can be great, but many people are too tempted to spend more money with them.  Do not fall into that trap.  Make sure your interest rate is remarkably low.


Look into the different local providers in your area to see if they offer some kind of special if you buy all three together.  Some providers bundle together TV, Internet, home phone, and cell phone services for one low monthly price.  This will save you a good amount. Check into prepaid cell phone services.  Many people can save a lot each month by changing to prepaid cell service.


Life does not have to be boring when you are trying to live on one income.  There are many things in life that are free.  Check out your local libraries and see what they have to offer.  If you have children, keep an eye on the library event calendar.  Check out your town event calendar as well. Look into different discounts that are offered.  Some movie theatres offer cheap tickets during the day, or a special day during the week. These are just a few tips for single income families to save money.   Always analyze all parts of your spending habits and think about how you can minimize the costs.   Image Credit:  ]]>