How to start saving money on single income. Start budgeting, sidehustles and make money as extra income if you want to save money.

It is possible to start saving on a single income and live well. However, your spending behavior and earning side income changes are crucial to survival. These ideas will need determination and a bit of difference in your lifestyle. Even if you are tight on money now, you know your situation will be much better tomorrow. It will teach you to stay on track with money.

how to start saving money on single income

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1. Track your spending and make a budget

Track your spending if you really want to make it through with single income. You should know where your money is going. Only then you will be able to budget it properly. Tracking your spending let you see the loopholes in your sending.

Budgeting comes after the spending. When you know your spending habits, it becomes easy to create a budget and create some barricades in the path of your money moves. Sometimes you just feel like your money moves without you knowing where it is going. Tracking your spending solves the problem.

How to grow your wealth by tracking your spending

How to budget the easy way and save money

2. Meal plan and cut your grocery spending

Meal planning is necessary because this will save you from buying those ingredients which will just lye in your pantry or fridge and get deteriorated. It is really difficult to think everyday what to cook. Being a vegetarian, I have less choices and o top of that, my husband don’t like to try new dishes. I am open to try new dishes though. Meal planning saves me a lot of hassle. And the meals are not very expensive too.

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3. Buy some food items in bulk

For me, it is rice , wheat flour and onions and ginger. I use lot of onions. garlic and ginger so it really saves a lot of money if I buy them in bulk. I freeze my ginger after peeling and cutting it to the size I use daily. Normally it is one inch piece.  Onions and garlic don’t get deteriorated easily. If you use lot of pastas and other dry ingredients, buy them in bulk. But figure out how much of these bulk  you will need in a month. It will really save you lot of money.

4. Create an emergency fund

If  you feel like you have to live on single income, you need a money cushion to keep yourself secure for emergencies. If you already have an emergency fund, you are on track. But if you don’t have, this is the time to start building your emergency fund. After cutting some expenses from your grocery bill and budget, you will be left with few dollars. Immediately transfer that money into your emergency fund.

The key is in taking action immediately. Otherwise you will see that saved money ‘as available’ for your expenses.

How to grow your emergency fund on  low income

5. Spend time instead of money

Instead of going shopping, go cycling, walking or camping. Enjoying outside activities with your family or loved ones is better than spending money on unnecessary items.

Same with the toys for kids. Spend time with them instead of buying expensive toys.

6. Earn something instead of spending

Most of the time , social media and internet is criticised for wasting time. But use it to your advantage. Whenever you have some time and you feel like you have nothing to do, do something to earn money. If you don’t have any idea, just start taking surveys. You will be surprised to know that you can actually start saving money and can actually make instant money.

Here are  11 survey sites which you can use to earn some money. I am building my emergency fund from the  money I get from survey sites. It is really great idea because I don’t count that income into our total monthly payment.

Here are few survey sites you can sign up to start doing surveys and earn money

 Survey Junkie


 Survey Club

Inbox dollars

7. Sell your old stuff

If you have a garage full of stuff you don’t use, you can sell it on the Facebook marketplace.

It is better to keep your life clutter free.

8. Break your spending habit and learn saving

Pay attention to your spending habit. If you feel like you are in habit of spending, try to break it. One most important part of breaking your spending habit is to stay away from shopping centres and shopping sites. Make your shopping as difficult as possible.

  • Reduce your trips to shopping centers
  • Delete shopping apps

Simple hacks to trick yourself to save money

9. Always get cashback on shopping

The first thing is shop less. The next best thing is to get cashback on your shopping.

Sign up with Ebates and get your bonus of $10 : If you love shopping and want to earn cashback then Ebates is for you. Sign up now and get your bonus.

10. Look for side hustles to increase income

Sometimes it is really difficult to live on one income. At this point, even if you are not working full time traditional job, you can still make money. Start some side hustle to support your family. To find more ideas, you can read this post where there are many ways to make some extra money.

How to earn $50,000 a year working from home.

How to make extra $1000 each month without leaving home

11. Stay away from bad debt

Credit card debt, personal loans and any other high interest rate debt is considered bad debt. If you are living on or planning to live on single income, you should stay away from bad debt. Keep your credit card use to minimum or don’t use at all. You will really start feeling happy about your choices you make today.

12. Cut utility bills

You cannot believe how much utilities can save you. Write down how much you spend on utilities each month. Then make some changes the way you use water , gas and energy. Try to limit the use.


  • Reduce the frequency of laundry
  • Take less time to shower ( If you take 10 minutes for shower, reduce it to 7 minutes ) Always use a timer. You will be surprised to know how much you saved.
  • Always use dishwasher when it is full. If you have few dishes, wash them with your hands
  • Make sure no tap is leaking


  • If your house is gas heated, keep thermostat lower
  • Bulk cook the items you can freeze

You can read about saving on gas here


  • Switch off whenever not using
  • Keeping your thermostat under control

Here I have put some points you can use to reduce your electricity bills

13. Plan No spend week/month

Planning a No spend week can save you lot of money. During No spend week, cook from whatever is left in your fridge and pantry. This way, you can use all the veggies and perishables in the refrigerator. Believe me, your fridge will look more clean.

How to plan a no spend month

35 activities to make your no spend month a success

14. Love to live within your means

It is really important to live within your means. You should know how much and what can you afford. If you will be bit conservative with your money, it will easy for you to save money. Always take a note of your basic needs and keep your expenditure on things you simply WANT, to the minimum or not at all.

15. Plan free or low cost outings

This one is my favourite. It is very expensive if you have to go  somewhere to buy tickets. If you are planning to have paid outings, first save money for those outings. If you have kids who can understand the money things, include them in your planning.

As of now, go for free outings. And it is very easy to plan summer outings for almost free or very low cost. I remember how last Summer, Me and one of my friend went to beach and spent only  $25 altogether. She went with both of her kids. Our only cost was our train ticket which  is always less on weekends.  We took home cooked food and a  juice bottle as well as water from home. It was the best day of my summer.

16. Pay gratitude for whatever you have

Even if you feel like you don’t have enough but your basic needs are met, be thankful for that. And pay gratitude for whatever you have. Paying gratitude will help you in minimising the effects of  scarcity thoughts. Gradually you will start building the ideas of abundance and learn that you don’t want a massive amount of money to be happy.

17. Start saving

You don’t have to start with significant amounts. Always begin with saving a few dollars each week or month. Then check your savings account after a few months.

Money stashed in your bank account will give you some sense of satisfaction and happiness. Remember saving coins in your childhood? Think the same way now and start saving.

If you want to give it a try, start saving with Acorns App. When you link your bank account with Acorns, it will save and invest for you by rounding off the your purchase.

Start saving your change and investing it with Acorns ( Raiz )

18. Start couponing

. Couponing is a great way to save on shopping. Before buying anything, start looking for coupons and use them to save money.

19. Cut your junk

Everything which doesn’t add value in your life is junk. Whether it is food or clutter lying around your house.

If you love junk food, try to cook healthy and wholesome food at home. Eat junk food once a week.

If you have stuff lying in your house, sell it or donate it to charities.

20. Don’t give up

This one is very important. Making  efforts consistently and with determination is the key to success. Your saving efforts and living a healthy life on single income will need you to be consistent with your actions. All the best wishes for your savings journey on single income.

How to start saving money on single income. Make a budget, earn money with side hustles and build your emergency fund

If you want to earn more to save more, you can start side hustles. Side income can help you grow your savings.  Here are few ideas that can help you in finding some ideas for your side hustle.

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♦ If you are interested in finding out more about earning money online or side hustles, you will love these posts

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