Make quick easy cash now
Survey Junkie - Earn up to $35 per survey
Rakuten - Cashback on shopping - $25 welcome bonus
Be Frugal - Earn $10 when you sign up
Flipper - buy cheap sell high and make huge profit
Acorns - turn your spare change into more money
Follow me for updates on quick cash programs





Do you need to know how to save money when you’re broke?
There is no hidden secrets or information
You just need to be disciplined and inclined to improve your financial condition
You must gain control over your money or the lack of it will forever control you –Dave Ramsey Click To TweetPerhaps you may not be aware of all below advices
Once you know them what is left for you is to apply what you’ve learnt
There are few affiliate links, if you click a link and make a purchase, I may receive a commission at no extra cost to you

That’s why I will discuss below how to save money when you’re broke
Stick to a budget
I believe budget is like a compass to your financial destiny
By using a budget you will be able to analyze where every dollar is going to
Creating a family budget is something very easy to build
But if you are lost and not sure from where to start then read about how to budget your money
To make it even convenient, I have made hard work easy for you by creating my best budget planner as one of my products

Pay yourself first and automate transfer
Pay yourself is a simple term which means to ask you bank to cut an amount or percentage from every paycheck to your saving account
Or whatever you agree upon with your bank as all banks can easily customize this automatic transfer for you
Work on getting out of debt
If you are wondering how to save money when you’re broke
I will tell you a surprise by paying off your debt
Perhaps your debt occurred due to many reasons like medical bill or due to gambling
Deferring your debt will put you in a financial trouble as interest accumulates every day
You are not fighting against your loans but also against accumulated interests
I love the below debt tracker which helps people nail down and pay debt easily

Buy generic brands
I really don’t understand those who buy organic food – I am not against them
Seriously not only I never buy organic but also I give it a try to many generic brands
There are so many generic brands in grocery stores cheaper than original products
If I try any generic brand and it is good – I add it to my money saving list
Practice the 30 days rule
If you see a big ticket item and you want to splurge money on
Try the 30 day rule or method
Simply put it back on the shelf and leave the store
Wait for 30 days and ask yourself if you still want to purchase it
Use a jar for your spare change
I know this may not save money when you’re broke
But it will make you caring about money
I remember walking with someone who purchased coffee with cash
It happened that few dimes and nickels fell off his hand
I waited a little bit as I though he didn’t notice
Then I told him and he didn’t take any action
I crouched down and collected his coins and handed back to him
It was so embarrassing as he refused to take them back
He told me he wouldn’t put an effort to pick up change
I didn’t know what to do?
Should I put them in my pocket, I kept them in my hand till he left and took them
If you think there is an alternative solution, let me know in the comment
I can’t through them back again my hands won’t obey me
Don’t be fooled by any sales
Imagine you visit a mall and your eyes fall on an incredible sales
Question to you, do you really want this discounted item?
Most probably you don’t but you get them because they are on sale
I was at Costco one day and I noticed winter jackets were on big discount
It was a great temptation to me as I love jackets but I have already 5 jackets
I took me some time to resist buying it although it was very cheap
But it is about the concept itself
What about you in that situation?
Choose affordable rent or mortgage amount
Unfortunately nobody knows before going for a mortgage or rent what is the percentage of they pay according to their total income
I am confident you won’t be able to answer this question if you don’t have a family budget

Any budget especially excel comes with percentage feature to help you calculate your spending percentage for each category
Build an emergency fund
Like an anchor to a ship
Emergency fund is an anchor for your financial life
With emergency fund you set aside a personal saving amount in an easy to access account without the need to sell or liquidate this account to cash the amount
This emergency fund will protect you from any debt but how?
Simply if you encounter any emergency around your home with your roof, your pipes leaks or rusty, wet basement, your car breaks or whatever
You will have to put yourself into debt to fix this urgent issue and pay the debt later
But it would be better to pay your urgent thing from your emergency fund
The below printable is one of many pintables under ultimate budget binder

Setup a plan for the Tax refund season
If you are like me who prefers to contribute to your RRSP (Registered Retirement Savings Plan) in Canada or IRA (Individual Retirement Account) in U.S
You will be receiving a refund from Government during your tax season
Use your tax refund to save money if you’re broke
Cancel magazine subscription and GYM membership
All households have either GYM membership, magazine subscription or both
For magazines, think about it if you really read those magazines
Or you take them from your door steps and leave them on table then to the recycle

And for GYM membership, are you really using all sporting tools there?
You can get a treadmill at home and it will do the same job for you
Use major appliances on low peak and weekends only
Don’t think that this advice is useless
If you’re looking for how to save money when you’re broke then consider operating your major appliances on low peak and weekends only
You will save a lot and if you’re not aware major appliances are dish washer, washing machine and dryer
Oven is also one of the major appliances, to be realistic it is hard to use your oven during the low peak only
Use LED bulbs and turn off unnecessary lights
Regular bulbs use 5% of its energy to produce light and the remaining is heat
By using LED bulbs say goodbye to this wastage as LED uses 75%-80% less energy
Definitely you will be saving money if you’re broke
Don’t take this advice lightly and practice turning off unnecessary lights
Use smart thermostat
I underestimated how efficient smart thermostat is until I installed one and tested it
You can’t imagine what smart thermostat can do for you to save on your heat/cool bill
Like programming it to switch off automatically during certain time of the day
And being able to control it from your mobile plus adding future vacations timelines
Smart thermostats are not expensive so if you’re broke and need to save money
I recommend you to replace your regular thermostat with a smart one
Use coupons and cash back apps
Nowadays mobile apps replaced regular flyer coupons
So you have a chance of not missing any coupon
Beside coupons, there are so many mobile apps that reward you with cash back
Like Rakuten where you get $10 bonus when you sign up
Also couple of similar mobile apps like MyPoints, TopCashBack, Qmee, ShopAtHome, Honey, Shopkick and Paribus
And for grocery apps there is Ibotta that rewards you for grocery receipts and gives you $20 as sign up bonus
Fetch Rewards is another similar grocery app and gives you $2 bonus when signing up
Again there are couple of competitive mobile apps to Ibotta like Receipt Hog, Cashout 51 and Storewards
Another mobile apps that track your purchases by linking your debit or credit cards to the app like Dosh – sign up and get $5 welcome bonus
You can save money on gas too by downloading an app called GetUpside as you will collect 25 cents back on every gas receipt
Use cashback credit cards
I love cashback credit cards as I make money while shopping for my daily expenses in my budget
At the end of the year on renewal date you collect cash back a good one
You have to do your homework and look for credit cards that give you cash back on specific category
I have a master card that gives me 3% cash back on restaurants so I use that only if I buy any take away food
Also most of the big stores have their own credit cards that maximize their cash back when you use their cards to pay for your shopping inside their stores
Plan your meals with shopping list
How many times I go to grocery store during the week just to pick what I forgot from my last visit
Not anymore with the shopping list app like AnyList
Also I have it integrated with Amazon Alexa
I ask Alexa to add my grocery item to my shopping list and it goes there
When I visit the supermarket, I go through the items on my shopping list
Use your leftover dinner for lunch at work
If you’re keen to know how to save money when you’re broke then stop buying lunch at work
Each day buying a lunch will cost you from $10 to $12 that’s around $300 a month
What’s wrong with eating a food you bring from home
I know some people don’t like the word leftover but they are not as you think
You plan to cook food to take it with you in your lunch
Cut cigarettes, alcohols and soft drinks
I should say cut cigarettes for your health sake
Reduce alcohols and soft drinks to save money especially if you’re broke
When it comes to alcohols, I love drinking alcohols on certain occasions with guests
I cut the habit of drinking by myself
For soft drinks, I realized I gained weight so I was able to cut it easily
Join wholesale club membership
Why I say wholesale club, it costs money for its membership
Well make up your mind as you buy grocery items in bulk with discounted prices
Yes you save money but you pay for an annual membership
I will tell you my experience with wholesale club stores
Regular membership costs $60 for shopping there
While executive membership costs $120 and gives 2% cash back on your purchases
I tried this executive membership and I got a check for $86
This means I pay around $35 and I save on buying bulky items
Reduce dinning out to special occasions only
I don’t want to be weird asking you to cut dinning out
Be reasonable and reduce dining out
Assign an amount in your budget for eating out
Definitely you will save money especially if you’re broke
Cut cable and replace it with IPTV
You can’t imagine how much you will save money especially if you’re broke
By replacing your cable bill around $50 to $70 a month with IPTV which is around $30 a year
Do you see the huge saving of money here?
I will leave it for you to make up your mind
Giving up your home phone
Everyone is using cell phone nowadays
In fact you don’t need your home phone
In case you need to buy a backup phone, go ahead and buy VOIP phone
I pay $3 a month for my VOIP phone
Buy used items
Please can you check Facebook Marketplace before buying any item
You won’t believe your eyes, you can find used big ticket item with fraction of its original price
I remember I was trying to estimate how much my Piano was worth
So I checked Facebook Marketplace and found people offering free Pianos waiting for buyers to pick them up
Know your needs and wants
I know there are many people still struggle to understand the difference between their needs and wants
Are you one of them?
Simply you needs are everything that keep you alive like your shelter, food and transportation
Your wants are all the items that make you feel good like buying new clothes, watches or playing console
Find cheap gas stations to save money
If you’re broke and willing to save money it is easy with GasBuddy app as you can find an up to date of all gas stations prices near you
You can combine the above with GetUpside to collect 25 cents on every fill up
Work side hustle if you’re broke
If you have a hobby it is a good starting point to save money from it
But if I don’t really have one, here are some of my previous posts to give you ideas
How to make 300 dollars fast in 2021
Making 500 dollars fast cash free
Join 52 weeks money saving challenge
I discussed before the 52 weeks money saving challenge
If you don’t know anything about it
This is a saving challenge for one full year where you start saving $1 for week one and increment it by $1 every week till the last week of the year where you save $52

Make quick easy cash now
Survey Junkie - Earn up to $35 per survey
Rakuten - Cashback on shopping - $25 welcome bonus
Be Frugal - Earn $10 when you sign up
Flipper - buy cheap sell high and make huge profit
Acorns - turn your spare change into more money
Follow me for updates on quick cash programs





Leave a Reply