9 Frugal Hacks to Save Money on One Income

It can be difficult to figure out ways to save money on a tight budget when you are living on one income, but it can be done with a little determination, some sound advice, and a bit of technology.

You can save money while living on one income.

Below I share some tips on how to save money each month when you are living on one income.

And, keep in mind, even if you live in a two-income household, these tips will put you further ahead financially.

1. Pay Off Debt

As long as we owe money to someone else, we will never be financially free.

Credit cards charge anywhere from 17% to 27% (or more) in interest.

If you only pay the minimum, it will seem impossible to pay off the debt.

Try to pay off your credit cards fast.

The less you owe on a debt, the less you will pay in interest.

To pay off your debt as fast as possible, consider a balance transfer credit card

Balance Transfer Credit Cards Lower Your Interest Rate

Balance transfer credit cards allow you to transfer your credit debt to a new credit card.

Why would you do this?

For a much lower interest rate.

Some of these balance transfer credit cards will give you 12 to 18 months of no interest.

You will get out of debt faster, and spend less money doing it.

Credit Land does a great job of comparing different balance cards (look for the longest term and the lowest transfer fee).

2. Save Money on Food

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