Having a budget equals thinking about money in an analytical, logical way to avoid excessive debt. It also means setting realistic goals for spending and saving. In doing so, you can prevent the recurring, hair-graying stress of getting behind on bills while actually getting more fun and enjoyment out of the money you spend.
Here are tips on how to live your life comfortable on a small budget …
Take Advantage of Nature for Exercising
Work out for free by taking advantage of the world around you. Go for a run, walk, hike or swim, depending on where you live. Chances are that the scenery outside beats the view of the wall at your local gym, anyway.
Eat Well on Less
If you’re wondering how to live on a budget but still eat well , scope out nearby farmers markets to find local, quality produce. You’ll get the best prices by stocking up on what’s in season and shopping at the end of the day, when farmers are more likely to discount their remaining supply.
Splurge on Lunch Instead of Dinner
If you love to splurge on eating out, opt for lunch instead of dinner. Prices are typically lower in the middle of the day and at off hours like happy hour than they are at the height of the dinner rush. And the food is just as delicious.
Get Outside for Relaxing Romance
Instead of defining romance as dinner and a movie, take your S.O. on an outdoor date. It’s not only fun, but it’s great for your budget, too.
Take Short Trips Instead of Long Vacations
Instead of taking an extended vacation, you might find more sustainable enjoyment by making short trips more often. Sprinkle a few long-weekend getaways into your calendar. You might also find it easier to unplug from work if you’re getting away for just a few days, rather than a week or more.
Focus on Trendy Accessories, Not Trendy Outfits
Refreshing a basic outfit with trendy accessories can be much cheaper than buying a brand-new look. Snag designer accents to pair with your budget basics, and you can still pull off high fashion.
Shop Out of Season
If you reset your consumer calendar to shop for swimwear in the fall and boots in the spring, you’ll save a ton by purchasing items at clearance rates. Just be sure not to wait too long, as your size and favorite designer styles might run out.
Buy an Older Used Luxury Car
A financially savvy alternative to leasing a luxury car is buying a vintage used one. A “newer” used model might still be unaffordable on your small budget. However, there’s a good chance that you can find an older vehicle that hasn’t changed much over the years.
Upgrade Your Home Yourself
If you aren’t quite ready to rent that mansion, try upgrading your current living space by using high-end finishes and design elements instead. Typically, the kitchen and bathroom are the best places to start.
Always Check for Special Discounts
Whether you’re buying a ticket for a train ride or a Broadway show, chances are good that some select discounts exist. Always check to see whether you qualify for special rates— student, senior, local, veteran or union member, among others. For best results, have the appropriate identification with you in case the business wants to verify your discount eligibility.
