Being broke is a tough situation to be in. It can feel like every little thing you do costs too much money, and there’s never enough leftover to save for a rainy day. However, saving money when you’re broke is not impossible; it just requires some clever tips and tricks. In this article, we’ll discuss practical ways you can save money when you’re broke. These tips and hacks are easy to implement and can make a big difference in your financial situation.

Frugal Living: 5 ways to save money when you are broke

Frugal living is an excellent way to save money when you’re broke. It means making conscious choices about where to spend and where to save. Here are five practical ways to save money when you’re broke:

A. Cook at home, brown bag it, and avoid eating out

Cooking at home is one of the easiest ways to save money. You can buy affordable ingredients, make enough food for several days, and save a lot of money on restaurant bills. You can also brown bag your lunch to work or school, which can save you even more. Avoid eating out as much as possible as it can get expensive very quickly.

B. Make your own coffee instead of going to coffee shops

Coffee is a daily expense that quickly adds up. Instead of going to coffee shops several times a week or even daily, make your coffee at home. You can invest in a coffee machine or use a french press to make a delicious cup of coffee at a fraction of the cost of a coffee shop.

C. Find free entertainment or activities

Entertainment can be expensive, but there are plenty of free activities to take advantage of as well. Check out local parks, libraries, or museums that offer free admission. You can also attend free concerts and events in your town that can be both fun and budget-friendly.

D. Cut down on transportation costs

Transportation can be a significant expense when you’re broke. If it’s possible, start walking or biking to work instead of driving. If you need to use public transportation, consider biking or walking to the station instead of driving and paying for parking. Also, look into carpooling with coworkers or friends to cut down on the cost of gas.

E. Avoid unnecessary subscriptions and memberships

Subscriptions and memberships can add up fast. If you’re not using them regularly or at all, cancel. Avoid signing up for new ones unless you know that they’re useful and within your budget.

Money-Saving Hacks When You’re on a Tight Budget

If you’re on a tight budget, every little bit counts. Try these five money-saving hacks:

A. Create a budget plan and stick to it

A budget plan is a crucial part of saving money when you’re broke. Track your expenses, create a budget that works for your income, and stick to it as much as possible. This can help you avoid overspending and keep you accountable for where your money is going.

B. Shop smarter by using coupons and discount codes

Coupons and discount codes can help you save money, especially when grocery shopping. Check for coupons in the newspaper or online, and use them whenever you can. Research prices and compare them to find the best deal. Also, try shopping at discount stores or buying generic brands instead of name brands.

C. Look for deals and discounts

Deals and discounts are a great way to save money. Look for them online or in-store, and make use of them whenever possible. Be sure to read the fine print, though, and make sure you’re not signing up for costly subscriptions in exchange for discounts.

D. Use cashback apps to get cash back

Cashback apps are a simple but useful way to save when you’re broke. They give you cashback when you shop at specific stores or buy specified products. Download them to your phone and use them whenever you shop to get cashback.

E. Sell items you no longer need

If you have items you no longer need, consider selling them. You can sell them on websites like eBay or Craigslist, or you can have a yard sale. This can give you a bit of extra cash that you can use to put towards your savings or use to pay off debt.

Keeping Cash in Your Pocket: Simple Tips for Saving Money When You’re Broke

Keeping cash in your pocket is a great way to save money. Here are five simple tips:

A. Avoid impulse purchases

Impulse purchases can be tempting but dangerous when you’re broke. Instead of making impulse purchases, wait at least a day before deciding to make a purchase. This can help you avoid regrettable purchases and keep you on track with your budget.

B. Shop during sales

Shopping during sales can save you a significant amount of money. Whether it’s a big sale event or just a sale on certain items, make use of them and avoid buying items that are not on sale.

C. Use generic brands instead of name brands

Name-brands are often more expensive just because of the label. Try buying generic brands of products you use frequently, as they are often more affordable and work just as well.

D. Turn off lights and unplug electronics

Electricity bills can quickly add up, especially if you leave lights or electronics on when you’re not using them. Turning them off when you leave the room can help you save significantly on electricity bills.

E. Reduce water and electricity usage

Reducing the amount of water and electricity you use can also help you save money. You can take shorter showers, fix leaky faucets, and air dry your laundry instead of using a dryer. This can all add up and help you save money in the long run.

Counting Pennies: Easy Ways to Stretch Your Dollar When You’re Strapped for Cash

When you’re strapped for cash, every penny counts. Use these five easy ways to stretch your dollar:

A. Make use of apps to compare prices

Apps like Amazon, Walmart, and Target allow you to compare prices easily. This can help you save money when shopping for groceries, electronics, or other products.

B. Use prepaid phones or plans instead of postpaid ones

A prepaid phone or plan can save you a lot of money. You can choose a plan that fits your budget and avoid costly overages.

C. Refill your water bottle instead of buying bottled water

Bottled water can be expensive, and it’s not great for the environment. Invest in a good-quality water bottle and refill it instead of buying bottled water when out and about.

D. Use public transportation instead of owning a car

Public transportation can be a cheaper option than owning a car. Consider using public transportation if it’s available in your area and saves you a significant amount of money.

E. Take advantage of freebies

Freebies are a great way to stretch your dollar. Look for samples, free services, or giveaways that can help you save money on items you use daily.

Broke No More: 5 Clever Techniques to Save Money When You’re Financially Struggling

Here are five clever techniques to save money when you’re financially struggling:

A. Rent out a room in your home

Renting out a room in your home can give you some extra cash to put towards your savings or use to pay off debt. Use websites like Airbnb to find renters and make sure to vet them carefully.

B. Offer freelance services

If you have a skill like writing, design, or photography, you can offer freelance services to earn some extra cash. Websites like Upwork, Fiverr, and Freelancer allow you to find gigs and get paid for your work.

C. Try the envelope budgeting method

The envelope budgeting method is a simple but effective way to manage your finances. You assign a certain amount of cash to each expense category and put it in an envelope. When the envelope is empty, you know that you’ve hit your budget for that category.

D. Cut out cable TV and use streaming services

Cable TV can be costly, especially if you have it bundled with other services. Using streaming services like Netflix, Hulu, or Amazon Prime can help you save a lot of money.

E. Avoid frequenting expensive places

Avoid frequenting expensive places like restaurants, bars, or clubs. You can still have fun with friends and family by hosting a potluck or game night at home.


Saving money when you’re broke requires some discipline and cleverness, but it is possible. Whether it’s by frugal living, money-saving hacks, keeping cash in your pocket, counting pennies, or clever techniques, you can save money and improve your financial situation. Start by implementing one or two tips and tricks and see how it goes. Remember, every little bit counts, and with patience and persistence, you can turn your financial struggle into financial stability.

Now that you have all these practical tips and tricks to save money, you can take action and start saving money today. Be patient, persistent, and remember that every step you take, no matter how small, will make a difference.

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By Happy Sharer

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

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