How to manage on a shoestring budget?
Here are a few tips:
- make a random list of necessary expenses.
- make a second list prioritizing the items.
- estimate the expenditure against each, the total is what you just have to spend every month.
- In the priority list are electricity, cooking gas, vehicle fuel if you have a car, transport , education, municipal taxes, income and wealth tax( not really applicable here because I presume you don't earn enough to be taxed). After these cant-do-without items ,list food and clothes. These are essential too but one can save on expense here by doing without some stuff.
- Avoid loans as these actually increase the burden and the headache.
- Remember it is better to go without than to borrow.
- Don't drink
- Don't smoke
- Keep a little sum of money aside whenever you can.
- Go window-shopping, but don't step inside the shop.
- Walk when you can and avoid transport.
- Avoid using the car frequently - you will contribute to a greener fresher world.
- If you have a patch of land grow your own herbs, veggies, fruits. One can have coriander,mint, chillies etc in pots.
- If you live in a large house and security is a problem keep a couple of strays as pets, this is considerably cheaper than keeping a security guard or durwan. Dogs are loyal and loving.
- Use cooking oil sparingly, make preserves of veg and fruits when they are in season and consequently cheaper.
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