How to save money when you are broke

It can be extremely frustrating to work hard at your job every day only to have no money left over at the end of the week. Nobody wants to live paycheck to paycheck, but it can also be extremely hard to save money when you are broke all of the time. Since it is much easier to build a nest egg when you have a lot of money in the bank, you may need to make a lifestyle changes to start saving when you are struggling financially. These are the six best ways to save money when you are broke.
Track Your Expenses
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The first thing everyone must do to start saving is to learn where their money is going every month. You may actually have room in the budget to save if you adjust a few of your spending habits. Tracking your spending for the month will let you see exactly how much money goes towards unnecessary expenses. A small adjustment to these unnecessary expenses will let you save a little money each month. You may have to sacrifice your morning cup of coffee, but it will be well worth it when you build up the savings account.

Reduce Monthly Bills
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While it is much easier to make cuts in the unnecessary expenses, you can also find ways to reduce your monthly bills each month. Reducing your TV subscription, raising the thermostat a few degrees, reducing your cell phone data plan and conserving electricity are all great ways to cut your monthly expenses. It may take some time to get use to these adjustments, but they will become part of your normal life in no time.

Be a Smarter Shopper
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Since it is impossible to go through life without buying essentials at the store, you need to become a smarter shopper to save money. Clipping coupons and shopping sales are great ways to save money on items you were already planning on purchasing. You should also consider joining the loyalty program at your favorite stores. These programs are entirely free to join, and they provide several excellent benefits. Exclusive sales, extra coupons and free gifts are just a few things you can earn in a store’s loyalty program.

Take Online Surveys
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Online surveys are a great way to earn some extra money during your free time. If you are sitting on the couch watching television or a movie, then that is the perfect time to take a few surveys. EarningStation is one of the most popular online survey companies, that offers free gift cards to our users after completing surveys and other online activities. There are numerous gift card and redemption options available, so you will have no problem finding one to fit your needs. This is essentially like putting free money in your pocket for almost no work.

Only Eat at Home

Family Dinner-ESThe idea of eating out at a restaurant may be enticing, but it is horrible on a tight budget. It is simply much cheaper to make your meals at home. If you do not want to worry about cooking a meal after a long day at work, then you can always prepare your meals ahead of time on the weekends. Store the meals in the freezer and reheat them when you get home from work each night.

Find Free Entertainment
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Living on a tight budget will be impossible if you do not find ways to have fun. Nobody wants to go through life doing nothing but sitting on the couch every weekend. Luckily, it should not be hard to find great sources of free entertainment in your area. Attending a free concert or play is a great way to have fun for the night without spending a lot of money. Hosting some friends at the house for a movie marathon, barbecue or a board game night are other great ways to enjoy life on a budget.

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