saving money on a low income

8 Simple Life Hacks to Save Money on a Low Income

One thing we’ve all learned the hard way during the COVID-19 pandemic is that having an emergency fund is a must.

But it’s easier said than done. Setting up an emergency fund that covers up to 6 months’ worth of your expenses is a hard endeavor – especially if your income isn’t that big.

If you’re finding it hard to save money on a low income, then here are 8 simple hacks you can use to make it easier and when a title pawn can help too.

Here’s How to Save Money on a Low Income

1. Automate Your Savings

The easiest way to save money on a low income? Prioritize it over everything else. Automatically sending a set percentage of your paycheck to a savings account will take care of the biggest impediment – the temptation to spend.

You can’t spend what isn’t there.

2. Give up Bad Habits

If you’re a smoker or drinker, you’re spending on average between $100 and $200 more than a person who isn’t. That’s the money you could be saving. Not to mention you’re potentially increasing your future healthcare bills.

Also, did you know that a smoker’s insurance costs more than a non-smoker’s? Dropping smoking will help you save money in more than one way.

3. Thrift

Unfortunately, human life is such that we need to buy stuff from time to time. Everyone who’s trying to save money on a low income knows that every dollar counts.

So, what should you do when faced with inevitable expense? Get something used for cheap if possible. Thrifting is a great way to save money not only on clothes but on furniture, kitchenware, books, etc.

saving money on a low income: thrifting4. Buy Generics Instead of Name Brands

Ditto on saving money on food. Most recommendations on how to save money on a low income include cutting down on eating out and cooking at home – which is great advice if you know how to stop your grocery bill from getting out of control.

Buying generics instead of name brands goes a long way.

5. Reuse and Repurpose

Upcycling is all the rage right now. Not only because it’s great for the environment, but also because it can go a long way to help save money on a low income.

Think twice before throwing stuff out. Maybe there’s potential to save yourself from extra expenses there.

6. Cut Premium Services

Cable, subscriptions, premium apps have got to go. Use free alternatives where you can, and keep only the services you absolutely need, if there are no free alternatives.

Ex. Netflix is enough, you don’t need Hulu, HBO Max, AND Disney+ on top of it.

7. Do a No Spend Challenge

No Spend challenges are all the rage these days – and for a good reason. It’s a good exercise in self-control AND a way to avoid waste.

If you want to save money on a low income, avoiding spending money for a week – and sending what you would’ve spent to your emergency fund is a solid step.

8. Find a Side Hustle

Unsurprisingly, the more you make the more you can save – especially if you’ve learned how to stretch the dollars and not fall for lifestyle creep before you start earning more.

There’s no such thing as extra money. Even if all you can do is work for Uber Eats as a delivery man for few hours a weekend – it’s still more money to your emergency fund than yesterday.

Getting An Online Title Pawn To Solve An Emergency

got an online title pawn

One detriment of trying to save money on a low income no hack can fix is the timeline. Each dollar can only be stretched so far. In other words – it takes time to save money, and the smaller your income, the more time it takes to save enough to cover major emergencies.

So, if you’re hit by an emergency while you’re still trying to set up your emergency fund, you might need to resort to other, quicker solutions. Like applying for an online title pawn.

It should be noted that getting an online title pawn is NOT the first solution you should resort to when finding yourself in financial trouble. It’s an option when you’re looking at a tight deadline and need money on short notice, as an online title pawn is an accessible and quick way to get cash together.

Some of the good examples of such problems would be medical emergencies, unplanned moving, urgent home, and car repairs, or overdue bills.

How to Get an Online Title Pawn in Georgia

First things first, make sure you can fulfill all the qualifying requirements. You’ll need to prepare the following items in advance:

  • valid state-issued photo ID (or driver’s license) proving you’re over 18,
  • car you own outright
  • lien-free title to that car in your name

If you do, you can easily start the process by submitting the online inquiry form on the website. It will send your information to the nearest location and soon enough a representative will get in touch with you by phone with further instructions.

You’ll need to take the required items to a meeting with an associate the representative schedules. They will perform a quick inspection to determine if you qualify for the loan. If you do, they’ll help you with the final paperwork. If you apply early enough in the day, you’ll get cash the very same day.

Get Your Online Title Pawn in Georgia Today!

To save money on a low income takes time. If you need money on short notice, you can apply for an online title pawn and get cash in no time! Just make sure to keep working on your emergency fund for the future. You can pawn your car for cash today – all you need to get started is submit the short inquiry form on our website!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.