Budgeting Tips When You Want To Live Alone But Can’t Afford It

Budgeting Tips When You Want To Live Alone But Can’t Afford It

Living on your own can seem like an impossible dream when you’re strapped for cash. But with some strategic budgeting, you may be able to swing it after all! This article will give you lots of tips and tricks for stretching your limited funds. Read on to learn how to make your solo living dreams a reality—even on a shoestring budget.

Examine Your Priorities

Before making any big financial decisions, you need to get very clear on what your priorities are. Do you value location most? Square footage? Modern amenities? Make a list of your must-haves versus your nice-to-haves. This will help you make strategic trade-offs when apartment hunting or making a budget.

Lower Your Housing Standards

Housing is likely your biggest expense, so this is the area where you’ll need to compromise the most. Consider options like:

• Getting a studio apartment rather than a 1-bedroom
• Living further from downtown or the metro
• Choosing an older building with fewer amenities
• Having a longer commute to work
• Living with a roommate

Even shaving off a couple hundred dollars on rent can make a huge impact on your overall budget.

Shop Around for Utilities

Call up all the utility companies—internet, cell phone, electricity, etc.—and see if you can get a better rate. Mention you’re a new customer looking to switch providers. Negotiate for discounts, special offers, or introductory rates. This small effort can lead to big savings over time.

Cook at Home

Eating out is one of the fastest ways to blow through cash. Get into the habit of meal prepping and packing a lunch rather than going out. Make big batches of soup, chili, or casseroles on weekends to eat throughout the week. You’ll save a ton of money and likely eat healthier too.

Budget for Fun

When money is tight, it’s tempting to cut out all discretionary spending. But allowing yourself a small “fun budget” for things like drinks, movies, concerts etc. is important so you don’t feel deprived. Even $20-50 a month can go a long way if you take advantage of happy hours, matinees, and other deals.

Christine Twomey

2024-03-21

Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.

Brendan huisman

2024-03-18

Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!

Guerline Menard

2024-03-18

Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️

Keisha Parris

2024-03-15

Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.

Taïko Beauty

2024-03-15

I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!

Anthony Williams

2024-03-12

Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.

Loveth Okpedo

2024-03-12

Very professional, very transparent, over all a great experience

Bee L

2024-02-28

Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.

divesh patel

2024-02-24

I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

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Use Public Transportation

Owning a car is expensive when you factor in car payments, insurance, gas, maintenance and parking. Get rid of your car if possible, and rely on public transportation and Uber/Lyft. You can also use services like ZipCar for occasional use. This can save you thousands per year.

Negotiate a Raise

If you’ve been at your job awhile without a significant raise, it may be time to make a case for getting paid more. Do research to find out the going rate for someone with your experience in your field. Schedule a meeting with your boss to discuss getting a raise. Highlight your contributions and make a strong case for why you deserve higher pay.

Get a Side Gig

Even earning an extra $200-500 a month from a side hustle can make housing more affordable. Look for opportunities that play to your strengths and interests like:

• Driving for a rideshare app
• Walking dogs
• Tutoring students
• Freelance writing
• Selling handmade crafts online

Every little bit helps when you’re budgeting to live alone!

Cut the Cord

Cable bills can really add up. Consider cutting the cord and relying on free streaming options or budget-friendly services like Netflix and Hulu. Get an HD antenna to pick up local channels for free. You can save $50 or more each month this way.

Lower Monthly Bills

Call up your cell phone carrier, internet company, gym etc. and ask about any promotions for existing customers. You may be able to get a lower monthly rate just by asking. Review all your recurring bills and see where you can trim.

Use Cash-Back Apps

Apps like Rakuten, Dosh, and Ibotta reward you with cash back for shopping at certain stores and restaurants. Use them whenever you can to get a little extra money back that adds up over time. Take advantage of referral bonuses too.

Stick to Generic Brands

Opt for store brand and generic products rather than name brands. The quality is usually comparable but you’ll pay a fraction of the price. Buy generic over-the-counter medicines, pantry staples, household goods and more.

Meal Plan

Planning out all your meals in advance and making a grocery list can help you save money and reduce food waste. Look for recipes that use overlapping ingredients. Make big batches of staples like rice and beans. Meal planning takes some time up front but saves money in the long run.

Use Coupons

Never pay full price when coupons abound! Check sites like RetailMeNot before any online purchase. Use browser extensions that automatically apply coupon codes at checkout. Sign up for newsletters and download apps to get coupons sent right to your phone.

Buy Used

Furnishing an apartment and filling your closet can demolish your budget. Save big by buying secondhand furniture, housewares and clothing. Check out thrift stores, consignment shops, Facebook Marketplace and more.

Work Overtime

Ask your boss if overtime hours are available. Even a few extra hours each week can give your budget a boost. Or see if you can pick up a temporary project that comes with additional pay.

Resell and Recycle

Turn unwanted items into cash using sites like eBay, Poshmark and OfferUp. Take advantage of recycling programs that pay you for bottles, cans and other recyclables. You can easily make an extra $20+ per month this way.

Rent Out Your Space

Apps like Airbnb allow you to rent out a spare room or your whole place when you’re out of town. You make money and offset your housing costs. Just be sure to check with your landlord or building first.

Negotiate Bills

If you’re struggling to pay a bill, don’t be afraid to call up the company and negotiate. Explain your situation and ask for a reduced payment plan or to waive late fees. Persistence and politeness go a long way.

Use Credit Card Rewards

A rewards credit card can help you earn cash back, points and miles to help stretch your budget further. Just be sure to pay off the balance in full each month to avoid interest charges.

Automate Savings

Set up automatic transfers from your checking account to savings so you effortlessly sock away money each month. Even small amounts like $25 or $50 add up. This ensures you’re paying yourself first.

Cancel Subscriptions

Audit all your monthly subscriptions and cancel anything you can live without—the gym membership you never use, subscription boxes, streaming services you don’t watch, etc. Those small charges add up fast.

Take Advantage of Free Entertainment

You don’t need to spend a lot to have fun and stay busy. Go to free days at the zoo, museum or aquarium. Attend free concerts and movies in the park. Check out library events. Explore new parks, trails and free attractions in your city.

Get Resourceful

Check out community resources that offer free or low-cost services. For example, some cities offer free or sliding-scale counseling services. Look for food banks, clothing closets, job training programs, and more.

Make Coffee and Tea at Home

Brew your own coffee and tea rather than stopping at the café each morning. Invest in a simple coffee maker or French press, and a reusable travel mug. You’ll save at least a few dollars a day.

Have Potlucks

Hosting get-togethers at home rather than going out to eat is a fun, budget-friendly way to see friends. Make it a potluck and ask everyone to bring a dish. Provide inexpensive drinks like beer, wine and soda.

Take Public Transit

Save on gas, insurance, maintenance and parking costs by relying on public transportation as much as possible. Walk or bike for shorter trips. Apps like Transit help you navigate unfamiliar bus and train systems.

Use Cash

Studies show people tend to spend less when using physical cash rather than cards. Take out a set amount each week to use for food, entertainment, etc. When it runs out, your spending stops.

Negotiate Medical Bills

If you’re struggling with a medical bill, call the hospital’s billing department. Explain your financial situation and try to negotiate a lower payment, payment plan or financial assistance. Non-profit hospitals are required to provide assistance to lower income patients.

Move Somewhere Cheaper

If you’re open to relocating, research cities and towns that have a much lower cost of living. You may be able to get much more apartment for your dollar in a different area. Just factor in costs of moving and changing jobs.

Get a Roommate

Splitting rent and utilities with a roommate cuts costs tremendously. Shop around for someone tidy and financially responsible. Outline expectations for cleanliness, guests, noise levels, etc. to avoid conflicts.

Sell Your Car

Cars depreciate rapidly and cost a lot to own and operate. If public transit works for your lifestyle, sell your car and put the money toward housing costs. Calculate all your auto expenses to see how much you stand to save long term.

Move Home Temporarily

Swallowing your pride and temporarily moving back in with parents or family can be a strategic money move. Come up with a timeline together for getting back out on your own. Be respectful and offer to pay rent or help around the house.

Lower Your Cell Phone Bill

Cell plans get pricier every year. Call your provider and politely ask about cheaper available plans, or threaten to switch carriers. Trim features you don’t use. Buy a cheaper phone outright rather than financing it.

Shop Thrift and Consignment

Used and thrift clothing costs a fraction of retail prices. You can find excellent condition items at thrift stores, consignment shops, outlet malls and apps like Poshmark. Mix in new accessories to refresh older items.

Take Advantage of Trial Offers

Before committing to a paid subscription, look for a free trial offer. Try out streaming services, meal kits, Amazon Prime, etc. and cancel before the trial ends if you don’t want to pay to continue. This helps you test out services risk-free.

Negotiate Rent

If your lease is ending, negotiate with your landlord for a lower rent. Offer to sign a longer lease, pay a few months up front, or take care of minor repairs yourself in exchange for lower rent. Even a $50 reduction helps.

Buy Generic Medications

Generic over-the-counter medications like pain relievers, cold medicine and bandages cost much less than name brands but work just as well. Buying generic can save you a lot of money in the long run. Here are some tips:

• Check the active ingredients on generics to make sure they’re the same as name brand.
• Ask your pharmacist if there’s a generic version of your prescription available.
• Compare prices between stores – sometimes generics can vary in cost.
• Look at store brands for OTC meds – these are usually the cheapest.
• Buy in bulk when generics go on sale to stock up.
• Use apps like GoodRx to find the lowest prices on generics.
• Make sure your health insurance plan favors generics – most do.
• Talk to your doctor about switching to a generic if it could save you money.

Paying full price for name brand medications may not be worth it when affordable generic options are available. A little research can help you find major savings on the essential medicines you need.