How To Live A Happy Life With A Low Income

Having a low income is not a sentence to living a sad life. You can be happy and no one would know how low your pay check is. However, living a happy life comes with you allowing yourself to be happy no matter how everything is not ok 🙂

As the name of this blog implies, I am here to help you make meaning with little and help you see the opportunity for the big ones.

Being sad about your low income not only makes you unhappy but blinds you from seeing greater days and opportunity. Life is all about making the most of what you have and this post is going to help you out on that.

The Things Money can’t Buy

Money can’t buy you happiness

I also don’t know who said it 😉

I truly don’t know who said it LOL but it is very true. Happiness comes from within, from the things that can’t be touched. From the things money can’t buy. So if you are not happy with less today even when you are having much you won’t be happy. Because the truth about money is this, it comes to pay bills not to be a friend you can cry to.

The only way you could be happy is by being thankful for that which you have. Because there are a lot of things money can’t buy and first on the list is

  • Life
  • Family
  • True Friends
  • Faithful partners
  • Joy
  • Sound mind

How to be Happy

Here is how you can be happy with a low income. These are things you can start putting into practice right away

  1. Live according to your means. Spend according to your income, make a budget and plan. In this two articles How I live a debt free life and 5 easy ways to live a debt free life, I talked about a lot of practices I adopted which got me out of debt and kept me debt free.
  2. Change your perspective about money. Learn how to spend it or you will end up wasting it.
  3. Plan for better days a head. I mean if you don’t plan or see a better future for yourself then you can’t be happy.
  4. There is this joy I get when I keep money away no matter how little. It gives me a little sense of relief because I kinda have a backup. Why don’t you give it a try?

This is why you Should be Happy with your Low Income

  • At least you got an income, it might not pay every bill but it gets to pay some. Can you Imagine not having an income at all ? That’s terrifying.
  • You get to grow your income. See you can only grow when you have something. You could save read THIS and know how to save money , you could start a small business and make small investment.
  • A lot of people which the have your job and could earn a little something. Try quitting and in the next hour that vacancy becomes an answered prayer to another.
  • In light of growing, your small job boost your resume for a bigger job which in turn means a better pay check.

In the end of it all I just want you to see is that your income( financial level) is better than a lot out there. However it is a good thing you are not comfortable with it which means you want a better life.

How to live a happy life with a low income

5 Easy Ways to Live a Debt Free Life

Having lived a debt free life for almost a year now. I picked up some habits that have helped me stay that way.

In 2018 I was in so much debt, I didn’t see a way out. 80% of my income went to settling those debts and 20% couldn’t solve my basic needs. How I cleared the debt is something else and I will share a little on that before I tell you how to live a debt free life yourself.

You can do it, just so you know. Every good thing needs practice and deliberate efforts.

How I cleared my debts

As I mentioned earlier 80% of my income went into settling debts. What I did with the 2O% was what got me out of debt.

I saved from that 20% percent, yes I did and had to cut down some basic needs. The sacrifice was worth it because I knew it would only last for a short while.

Imagine not getting the best hair done or neglecting your pedicure and manicure. Not the best beautiful days of my life. Even my skin care was at stack, oh! and I couldn’t even buy new outfits when I needed them not just for luxury. And the tips I would be sharing won’t ask you to look ugly 😉 .

After getting all the important luxury out of the way then I started using different methods of saving. This where short time saving of huge sums of money. And within six months I was over half way settling my debts. In two months time I was debt free.

Best feeling ever, I can’t explain it.

As soon as I was done clearing my debts and I could start having my pay in full. What I did helped me stay debt free.

5 easy ways to live a debt free live

The best thing about this easy ways is this, I won’t be telling you precisely what to cut down or not. Since what is not important to me might be very important to you. However, this ways are going to direct you towards living your best life.

  1. Don’t go back to your old life: This does not necessarily mean a bad life or bad habit, though it might be. But it means having a different attitude toward spending and money. Do not treat money like what will last forever, rather as what comes and go. Therefore spend it wisely.
  2. Live according to your income: This applies to all your expenditure. Lets look at the basic things like, housing, food, water, light and health care. Have you ever looked keenly into your rent? Like how much does it take from your income monthly? If it’s a lot then your pay check can’t afford that space. Living a debt free life comes with some unlovable/difficult decision. However, there is freedom in living a life of no debt.
  3. Plan your expenditure: If there is anything I learned about making money work for me is planning. When you sit down to make an “income plan” you find yourself able to account for every penny in a good way. When you plan you set your priorities straight and you won’t have to deal with spending on things that wasn’t necessary at a moment. You would see that you could shift some expenditure to the next week or month. So things don’t get chocked up in one month. This is my number one strategy and it helped me save.
  4. Have a budget and stick to it: It might affect the quality of what you get, but be honest to yourself that’s the quality you can afford. Except for exceptional things that quality is the best then you need to plan better for such things and save to get the best. To be honest it is very difficult to stick to the budget but some practice can help out. For instance before I go shopping, I make a list with the prices on it. Then I go with the exact money I need. Well everything has its disadvantages but at least I didn’t end up buying stuff I don’t need because I had extra cash on me.
  5. SAVE: Saving money can never be overrated and I lack the words to over emphasis it. However, it is essential for living a debt free life. It doesn’t have to be huge sums of money but little consistent sum. you could save daily, weekly or monthly. For a project, an appliance or end of year purchase. Or just for rainy days and I will always say my savings helped me live a debt free life. Read how my savings saved me from debt.

Just this past Christmas my savings covered some Christmas expenditure. I had a wonderful time.

Saving are not for rainy days alone but for everyday

Broke Girls Get Fixed

Can we talk a little bit about saving?

Let’s see saving this way. You refused to spend 20 bucks yesterday though you wanted to. That thing was important but you waved it away. Today is a new day, something very very important came up and you were able to solve the problem. The 20 bucks you save on Monday helped you out on Tuesday.

My point is this, saving can safe you the moment after you saved. There are so many effective ways to save depending on what you plan to achieve. Read this, three ways to save your income that works.

When it comes to putting money away no amount is too big or small. I mean little drops of rain makes an ocean. Just make it a habit which grows to become a lifestyle.

No one ever regrets saving money. Not only is it your weapon to a debt free life but a sure part to a financially secured future.

Drop a comment if you found this helpful.

5 easy way to live a debt free life

How I became debt free in February

How I became debt free in february

I became debt free in February and it took a lot of planning from the precious year. However it was very simple because of the method I used.

This post is going to be the shortest you’ve ever read because I am in a hurry to go do some other things. Just being sincere, time is not my best friend and it’s not yours either so why should we waste it?

Moving on…

2018 was really tough on me, it came with a lot of bills. And this got me into some debts. So my new year resolution for 2019 was to clear the debts ASAP.

That was what I did, worked on it as soon as the year began and in February I was singing Hallelujah my debts are gone.

Get more comfy as I am about to tell you how I did it

I became debt free with my cooperative society saving.

This is one of the fastest ways to save money for a short period of time. It is very flexible. The bad news is I am not going to tell you how it works as this post is not meant for that. The good news is I have written about it in details here.

However here is a sneak pick of what it’s all about. Cooperative saving needs a work environment. As it needs you giving out some percentage of your income depending on how much you earn.

The best results is when you and your colleagues( at least three of you) decides to do it. It could also be with friends out of work, but they have to be earning an income so there won’t be any disappointment.

This is how you can be debt free with cooperative saving.

plan ahead of time. As I had said from the beginning. Every successful thing was planned no good thing happens by mistake.

Every successful thing was planned, it never happens by mistake. Plan your Financial life to be successful.#success #finance #lifestyle #personalfinance #Friday #Fridayfun Click To Tweet

You need to know how much you would need to clear your debt as it will determine the amount you save.

For instance, your debt is 5000 and you want to clear it within a year. Then you need four colleagues or friends plus you making it five of you contributing 500 for 10 months. Since you are five in number then you go two turns. In the first 5 months you get 2500 and in the second 5 months you get 2500.

If you are finding what I just said confusing then you haven’t read the post I recommended. Read it!

The cooperative saving can be more or less than the amount stated above and for lesser months. Because our earning defers and debts varies too. It sounds easy, yes it is but you have to be mindful of some things.

A little warning about a cooperative society.

Don’t be sacred, It is only good of me to tell you some problems you can encounter. Everything has an advantage and disadvantage but I assure you the advantages are greater. However here are some few things to put in mind;

  • You are going to temper with your income. For some months some percentage of your income will not be yours as you are putting it away. So you have to cut down your spending. This is only for a short time remember so you can survive without some things. Make your budget and know what can be cut down
  • If you don’t take the above mentioned seriously, you could end up in more debts.
  • Trust the people you are going to do this with or create a channel to make sure no one disappoints you.
  • Don’t be too excited to do this, that you give more than you can afford. If your income can allow you to save 500 don’t give more than that. Or you suffer it and might likely go into debts again.

We have come to the end of this post. If you have any questions please leave a comment I will attend to it ASAP.

How My Savings Saved Me from Debts

how my saving saved me, it can save you too only if you start.

I kept thinking about how i’ll make this post very clear and direct because I am not a good story teller. However I need to tell this short story because it might just help someone start saving.

My savings saved me some times back in march. It wasn’t long I started saving for the year. That’s to say it wasn’t much however it stopped me from going into debt after just clearing a long pending debt. Which in my next post I will tell you how I cleared the debt.

Before going any further, what do you understand as a savings?

What does savings means?

To me a savings is money you keep away that won’t be spent any time soon. It keeps accumulating over time. You get a savings through constant saving. Without making it a habit to keep money away weekly or monthly depending on when your paycheck comes, it’s impossible to have a savings.

Before telling you exactly how my savings saved me I’ll tell you how to save. The truth is the aim of this post is to encourage someone out there to start keeping some few bucks away.

How my savings saved me.

How to go about saving money

1 Saving is not all about keeping huge sums of money. Those small bucks will amount to big amounts. You know the quote that says “little drops of water makes an ocean” ? That’s how it works.

2 Consistently keep money that’s the only way your little drops gonna make an ocean. It could be daily, weekly or monthly don’t just miss out on any.

A simple example to show you a little on how to go about saving your income.
Daily saving
Everyday = 5 bucks, 30 days = 150 bucks , 12 months = 1800 bucks
Weekly saving
Every week = 20 buck, 4 weeks = 80 bucks, 48 weeks = 960 bucks
Monthly saving
Every month = 100 bucks, 12 months = 1200 bucks

Before saving first consider your income. The example above is not exactly how much you must save. It could be less or more, just be consistent.

3 There are so many ways to save and I wrote a post about it. 3 ways to save your income that works. Therefore save with the easiest method for you. The one that could help you achieve your goals.

This is how my savings saved me

We are finally here, where I will tell you how my piggy bank saved me. Heck no it wasn’t some huge sum of money in my bank account that saved me. It was some little amount of money in my piggy bank.

Before I continue with the gist, purchase a piggy bank right now. In case you don’t know, notes also can go into it. Forget the pictures always showing coins going into it.

So let’s go on….I had just cleared a long pending debt in February and I became debt free. Yes it felt amazing. Then BOOM! something came up and I had no money to solve the problem. It was a due payment I had forgotten about since I was so busy trying to clear my debts.

My mind started thinking of where I could get a debt. So typical of me. The saying of “once a debtor always a debtor” could refer to me at that moment. Then the idea bulb came up in my head. I remembered I had a piggy bank. However, I was not willing to break it as it was a saving plan for a whole year. The year wasn’t far gone and I had only started putting little money into it. On another thought I wasn’t ready to go into debts again.

I broke the bank and it was exactly the amount I needed to settle the bill. A matter of fact some change was left for me to spend for the week.

No one told me what to do, I went and bought another bank.

And that was how my piggy bank(asusu) saved me.

Your savings can save you from going into debt too. All you have to do is to start.

share this post if you found it encouraging and tell a friend about the amazing contents I have here.

Your savings can save you. Mine saved me too- brokegirlsgetfixed