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How to live on a low income

by Brian Lamacraft

Created on: October 29, 2009

It can be very difficult in life to live with a low income. Everyday seems to be a struggle and a heavy burden on you. It can take its toll on your health too if you are not careful. There are things that you can do right now to help ease the troubles in your life and live better.

How To Cope With Your Situation

For most of my life I have lived on a very low income and I will admit that at times it has been very difficult. You need to focus your energy on positive things in your life such as family, friends, a hobby or anything else that doesn't involve money. This takes a lot of soul searching sometimes but there are better things in life besides money. Focus on the things you need the most which is food and shelter. If you can try to find some friends who are willing to share rent with you. This can really help you to save money because you are not burdened with expensive rent payments. You an share the utilities and even the food bills. This type of arrangement is perfect if your just starting out and have a low paying job. You need to be sure that you can tolerate the people you are living with and that they can pull their weight by contributing. Be sure to set up a budget and stick to it as close as possible.

Have you ever heard people talk about how little money they have yet they go out everyday and buy cigarettes and beer? That is the reason these people have no money that are spending it on tings they don't need. If you have low income you can't afford to be buying things that do nothing to your bottom line which is basic surviving. You should cut out every extra expense and only purchase tings that you absolutely need. Our society puts an immense pressure on us to spend because it is said that it will make us feel better but all it does is make you poorer and its worse when you have little money to throw away on needless items. Try to resist all these temptations and live within your means you may find that you actually have money to spare which you can put to good use.

Discount and dollar stores are great sources for everyday items that you need. You can save lots of money by shopping at these places. If you need food and have no money then the food bank is always an option but this should always be as a last resort because there will be people that are in a worse situation than you who need food. Never pay full price for anything and use sales and specials to save yourself extra money. If you buy larger amounts of food such as canned goods in a flat of 12 or so you will save even more. These items often go on sale and that is a great time to stock up.

Conclusion

Living on a low income is hard but if you budget, and spend wisely you can do it. Just remember to concentrate on the things you need the most such as food shelter and clothing because everything else is just wasted money


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