September 27, 2022 The Newspaper Serving LGBT Los Angeles

How to Live on a Shoestring Budget

Picture that once upon a time you were working your dream job and life was going great. You were saving money, paying off student loans, and even thinking about going on vacation. Then, out of the blue, your boss announced that you were being laid off. After the initial terror subsided, you decided to be proactive and create a shoestring budget while looking for a new job. Living on less isn’t always easy, but it is possible. Read on to learn the best ways to live on a shoestring budget.

Create a Financial Plan

Whether it’s by choice or out of necessity, living on less starts with a plan. Gather all of your monthly expenses and see where you can cut costs. If you’re paying on high-interest rate credit cards, contact the bank and see what they can offer. If you’re paying on student loans, refinancing can help you save money, too. You usually pay less interest over time and the monthly rate may be less as well. That money you save can then put applied to other expenses you couldn’t cover before.

Learn How to Cook

You’d be surprised how many people don’t really know how to cook. Eating out one of the fastest ways to drain your bank account. Even on a budget, there are tons of recipes you can whip up that are taste great and affordable. Pantry staples, like pasta, rice, and beans, can be prepared a variety of ways, are low-cost and also have a long shelf life. By cooking at home, you can reduce financial stress and potentially pick up a new hobby in the process. 

Free Entertainment

All work and no play are never a good way to go. Everyone needs time to relax and enjoy themselves. Unfortunately, if your recreational activities come with a price tag, you need to find alternatives. Instead of paying for a gym membership, you can start exercising outdoors. Not only is it free, but there are plenty of body weight exercises you can do to avoid boredom.

Shop at High-End Thrift Shops

Having a smaller budget doesn’t mean never buying anything new. There are many online and physical high-thrift shops where you can find designer clothes that were never even worn. They are usually a fraction of the original cost and some even have the original tags on them.

Brew Your Coffee at Home

You may love your morning coffee but the price leaves something to be desired. In some places, a large cup of black coffee can cost upwards of $5.00. Buy your favorite coffee and grind the beans at home. While you might pay more initially for the beans, you’ll end up saving more over the month. There are so many at-home coffee bar ideas you can incorporate into your space to make having coffee at home just as much of a treat as it is going out for it. 

Join Meet-Up Groups

Online memberships for dating and meeting other people usually charge a monthly fee. Check out Facebook and look for free groups to join. You can also do an online search to find free meet-up groups in your neighborhood.

Shop at Farmer’s Market

Grocery stores are notoriously priced higher than most farmer’s markets. On the weekend, head over to the closest one and scoop up farm-fresh fruit, veggies and eggs for the week. The taste better and cost considerably less than what you find in the grocery store. You should also buy your plants or flowers there as well.

in NEWS
Related Posts

Liberation Café Hosts Anniversary Celebration, in-Person Dining After Two-Year Pandemic Restrictions

September 22, 2022

September 22, 2022

By Susan Payne Two years after opening, the plastic partitions that separated employees and customers inside of Liberation Coffee House...

Long Beach Police Arrest Possible Suspect in Stabbing Death Outside of a Popular Gay Bar

September 22, 2022

September 22, 2022

By Susan Payne Long Beach Police have arrested a man in connection to a murder outside of Mineshaft gay bar...

Santa Monica Hotel Hosting Monthly Drag Brunch

September 22, 2022

September 22, 2022

Drag Me to Brunch at Lowes Santa Monica Beach Hotel on the third Sunday of every month By Dolores Quintana...

Famous Italian Singer Zucchero to Play Beverly Hills Theatre on Sept. 30

September 21, 2022

September 21, 2022

Zucchero will play at Beverly Hills’ Saban Theatre, one of several American stops on his World Wide Tour  By Susan...

Santa Monica Pride History: Public Panics Over Perceived Homosexuality at Muscle Beach

September 16, 2022

September 16, 2022

By Susan Payne In a scholarly article called “Muscle Beach prompted both fascination and anxiety,” Historian Elsa Devienne studies Santa...

LAUSD Releases Pride Calendar That Helps Educators Support LGBTQ+ Students

September 15, 2022

September 15, 2022

By Susan Payne  The Los Angeles Unified School District is giving schools and teachers a monthly calendar that promotes and...

Respect Los Angeles Hails JoJo Siwa as ‘Gamechanger for LGBTQ Advocacy’

September 15, 2022

September 15, 2022

By Susan Payne Come October, JoJo Siwa will be honored as a gamechanger at the upcoming GLSEN Respect Log Angeles...

West Hollywood Launches Initiative to Prevent Drink Spiking

September 15, 2022

September 15, 2022

By Susan Payne Drink spiking at bars and restaurant is a growing problem. To curb that problem, the city of...

California Candidate for Congress Seeks to Be First Transgender, Nonbinary Member

September 8, 2022

September 8, 2022

By Susan Payne More than 100 LGBTQ+ people have run or are currently running for Congress this year, including 13...

WeHo Gay Bar ‘The Or’ is Opening Soon, Accepting Applications

September 8, 2022

September 8, 2022

Bar owner foresees ‘cool, 1970s, ‘80s trashy cocaine chic’ vibes  By Susan Payne Set for a September opening in the...

Georgia Added to California Travel Ban Post Anti-Trans Youth Sports Law Passage

September 8, 2022

September 8, 2022

By Susan Payne California is restricting state-funded travel to Georgia as a result of its anti-LGBTQ+ legislation recently passed within...

QFilms Long Beach Screens Billy Eichner RomCom ‘Bros’

September 8, 2022

September 8, 2022

In partnership with the Art Theatre, 29th Annual film festival is happening now By Susan Payne Dozens of features and...

LA Public Health Expands Monkeypox Vaccine Eligibility

August 26, 2022

August 26, 2022

Persons of any gender or sexual orientation who engaged in commercial and/or transactional sex in the past 14 days now...

Black LGBTQ+ Rally for Brittney Griner Ignited by Former Firefighter

August 25, 2022

August 25, 2022

By Susan Payne  Olympian and WNBA basketball star Brittany Griner received a nine-year sentence in Russia for possessing hash oil...

Detroit Vesey’s Announces Decision to Move with Possible Expansion to Offer Liquor, Larger Drag Acts

August 25, 2022

August 25, 2022

By Susan Payne  Inflation in a world still impacted by the COVID-19 pandemic has challenged small businesses in more ways...