Here's a silly article on how to save BIG money on a small income. It listed ideas such as savings your $5.00 dollars bills in a coffee jar or sock money each month for your car insurance! How about getting rid of your car insurance by comming car free?? It's insane how someone making 18K a year can afford to drive a car in the first place.
All of those so called savings plans are just wishful thinking because a car will bleed you to death. There is no way you can save on that little bit of money when 20% of your income is going on transportation costs. All those 5 dollars bills in that coffee jar will end up paying for gasoline. I couldn't save any money at twice that income while owning a motorcar.
I think we can come up with a better solution on how to save money on a small income. I'll start it off right now and you can forget looking for pennies in your couch!
1. Sell your car and become carfree.
From the article:
>>>>10. Divide and conquer. Divide the total amount of your car insurance (or other irregular expense) by 12 and sock away that amount each month so you don't get caught short. Lea says she won't blow her holiday budget this year because she's used this system to save each month for gifts.<<<<