How to Juggle Your Expenses When Money is Tight

Money is a big issue for many people; it's easy to spend it on things you want, but it's difficult to save and budget it effectively.

What could you do to reduce costs and save money? You probably know already. You do not need to get another person counselling you to ditch cable, use online coupons, find roommates to cut costs with, or get a side hustle.

You’re already fully occupied and tired but still motivated to follow more budgeting tips. This blog will teach you how to budget and manage money wisely whether you’re trying to save enough money to pay off credit card debt, create an emergency fund, arrange your retirement, or want to apply some of these tips to your business. Let’s take a closer look at some helpful tips you may haven’t considered yet. 

Shift Your Electricity Use

Appliances can be modified or replaced with smaller, less energy-intensive alternatives that can save a lot of money in the long run

Your electricity provider could provide free energy assessment tools and propose methods for reducing your energy consumption or lowering your bills. For example, if you’re not on a time-of-use plan, and it s available in your area, switching to one could result in savings. In addition, if you lower your energy usage, your bills may go down. In addition, you can reduce expenses if you modify how you use appliances that use large amounts of energy, such as dryers, washers, and dishwashers.

Check Your Eligibility for Low-Income Utility Programs

Some federal financial aid programs help states assist with heating and cooling fuel costs for low-income households. Qualification guidelines for assistance vary by state, and assistance levels will also change. If your heating or cooling system breaks down unexpectedly, these programs also often cover the cost of repair or replacement.

Search Youtube Before Paying a Professional

When you attempt to repair something too risky to DIY yourself, you may make things worse, and the cost to fix them may be much higher than they originally were. However, you can complete some handyman tasks for a low price and with easy supervision once you’ve seen someone else do it. Next time you decide to repair an item, don’t bootstrap anything from conventional recommendations. Info taken from videos you’ve already watched can save you a lot of time and make the entire process much more straightforward.

Switch to a Prepaid Phone Plan

Phone bills tend to be expensive, although they provide more features, faster speeds, and newer features than you need. When you use only prepaid plans, you’re likely to be able to reduce your monthly subscription cost by half. In addition, you will likely get a discount if you pay in advance for at least three months of service. If you forgo cell data and use only WiFi and texting, your prepaid plans cost little money every month.

Allow Yourself One Subscription

Newspapers. Television. Movies. Music. Cloud storage. Photo editing. Word processing. Exercise classes. Often it seems as if every company utilizes subscription-based services today. But, unfortunately, getting somebody to sign up for a service and pay will not return them for a long time is serious profit. So you must do the opposite if you want to manage your cash flow carefully.

Which of your subscriptions do you use the most? Allow yourself to that expense only, and cut all the others away. Plenty of them is free. Also, you don’t have to settle on one subscription and stick with that until next year. For anything month-to-month, you can switch it up to Hulu this month, Netflix next month, and Spotify the following month.

Buy a Bidet

It sounds more like an anti-budgeting idea, but bidets go for less than $60 to Amazon and will shortly pay for themselves in water savings, toilet paper, and wet-wipe cost savings. Bidets are efficient, and they won’t add to your water bill. The low-end models don’t utilize electricity. Plus, decreasing your consumption of disposable products helps the environment.

Do a No-Spend Challenge

You’re likely to have a lot of pent-up needs for yourself. If you put off buying groceries now, you might not just make impulse purchases later, but you also might take a more critical look at previous purchases.

If you survived drinking water with dinner for a week since you ran out of Coke Zero, perhaps you can kick your can-per-day habit or cut it in half. You won’t make impulse buys of unnecessary items. Either way, a no-spend challenge can kick your account balance up whether you try it for a day, a week, or a while.

Accept Help

We should all feel comfortable accepting assistance when necessary. We should talk about food banks, pet pantries, free farmer’s markets, community gardens, school-supply giveaway programs, healthcare clinics, sliding-scale mental health service clinics, Medicaid, hospital charity programs, and more.

Whatever you have access to, maximize it. When your ever-evolving circumstances allow you to give back, you can always return the charity’s generosity by devoting time and resources to enhancing the lives of those in need.

Don’t Skimp on Insurance

It’s tempting to raise your deductible or lower the quantity of coverage purchased to reduce your insurance premiums. However, keep in mind how good it is to have insurance. If your car is totalled, a pipe bursts in the top-floor apartment and floods you out, or a windstorm tears off the roof of your house, proper insurance coverage can go an incredibly long way without harming your finances.

Give Yourself an Allowance

Saving every last cent of your income is challenging. Skipping out on significant purchases when you’re on a tight budget can hurt you in the long run too. So rather than stretching your willpower thin, make a deliberate choice at the beginning of each week, month, or pay period about how much of the income you earn you will put aside for splurges.

Adopt a guilt-free mindset, and enjoy a treat. If you want to save up for something more significant, roll over your allowance from one time period to the next. A cash envelope or a dedicated savings account can allow you to manage your fun money and keep it separate from your necessary spending.


It’s not feasible to eliminate all expenses, but that doesn’t mean you can’t decrease your recurring fees. For instance, reducing your monthly payments will conserve you much more money over time than removing a one-time expense.

Don’t forget to work gradually, since saving is a long-term project. Don’t immediately make decisions that entail saving money at the expense of long-term progress, or by slashing insurance policies that you ought to have. Even a few small savings choices can help you end up saving money in the end.

Did you know that Moolamore can help you manage your cash flow, especially when money is tight? Contact us to learn more. Do more with Moolamore!