How To Save Money Fast on A Low Income – Free Printables Saving Challenges

Times are tough and we are all feeling it. We have tightened our belts and right now we can barely breathe.

But when you have cut the budget down and you feel you cannot cut any further what do you do? How do you save money, get out of debt, smash your financial goals, and still live a fulfilling life?

Let’s look at alternative lifestyles that you can explore to reduce basic living expenses. Although we are all struggling, I believe if we share the little knowledge that we have about saving we can help each other.

I have taken the time to design Free Printable Saving challenges just for you. These are low-income saving challenges so anyone can use them.

Before we start talking about how to save money fast on a low income let us talk about why you should use printable challenges to save money

Why should you use Free Printable Savings Challenges

It’s Fun Printables with various designs

Yes, I said fun. Saving does not have to be depressing or sad. It can be fun. Each time you save pat yourself on the back and smile, you are one step closer to financial freedom and financial independence.

As you save, you can color in the icons.

You will realize that when you start saving using these free printables you will not be able to stop.

You Gain control of your money

These savings challenges help you gain control of your money. Most of us do not have control of our money if anything our money is in control of us. We do not know where our money goes and when it goes there.

All we know is that money was deposited into our accounts and now it is gone. We suspect it went to groceries, rent, clothes, and other utilities. But when probed further we cannot explain how much of the money was spent in each category.

So, using the printable savings challenges will help you decide how much to save and when. It’s only when you save that you really have control over your money.

Helps you set and achieve financial goals.

With a saving challenge, you know how much you want to save and when you plan on reaching that goal. Without financial goals, you are flying blind.

Saving challenges are a way to set financial goals that are worth achieving. It gives you the motivation to keep going.

Decide what you are saving for, and life will be a smooth journey (well, financially at least). Whether it’s for an emergency fund, sinking fund, house, car, or just your child’s education. These free Printables will help you get started and achieve your financial goals.

Track your saving journey.

If you don’t track your saving journey, you do not know where you are going and how far you have come. That is why it is important to track your saving journey.

It will encourage you and it will keep you inspired. Once you have reached that goal you will feel proud of yourself.

Tracking your saving is important on this journey of how to save money fast on a low income.

Now let us quickly talk about how to do a money saving challenge the right way before we discuss the different ways on how to save money fast on a low income.

How to do a money saving challenge?

1.     Write down your WHY.

The first thing to do is to choose your WHY. Decide why you need to save and write it down as your motivation. This is important because saving can become difficult and when the going gets tough you will need to remind yourself of why you are saving.

When you face temptations and are losing control your WHY will keep you in check.

2.     Decide how much you want to save.

The second thing is to decide how much you want to save. Whether it’s for a sinking fund, emergency fund, house deposit, or a car that you want to buy, write down how much you need to save.

3.     Choose a start date and end date (where applicable)

The third thing is that you choose a start date. This helps to keep you within a specific time frame. If you are comfortable enough choose an end date as well.

If you follow this plan, you will be successful in saving money easily.

What are the 5 saving tricks?

1. Pay yourself first by saving before paying any bills.
2. Spend less than you earn and be strict about it!
3. Create a zero-based budget and follow it as if your future depends on it.
4. Learn to say NO, it is a full sentence. Unless it’s on your budget do not do it
5. Invest with as little money as you have. Start investing today, tomorrow is too late.

Now let’s talk about the different ways on how to save money fast on a low income. I know there are many more ways but I just highlighted the ones most of us ignore.

How To Save Money Fast on A Low Income

Here are a few ways on how to save money fast on a low income. Just remember this is temporary you will not have to live the rest of your life this way. Once you start the habit of saving, it will become part of your DNA you will do it unconsciously.

Try any 3 of these tips and I can guarantee that you will be able to save money like a boss. You will have given yourself an increase instantaneously.

It will feel like a dream, and you will have buffered your finances against inflation and whatever else is happening in the world today.

1.     Pay your mortgage bi-weekly.

This allows you to reduce your interest and reduce your overall repayment period.

2.     Cancel your streaming subscriptions for just 3 months.

Yes, you won’t be able to stream and watch your favorite series, or movies or listen to your favorite music. But think back to your WHY and you will realize it’s worth it. You can still watch a movie three months later.

Instead of feeling FOMO just focus on JOMO (Joy of Missing out)

3.     Share subscriptions!

If you are not really willing to stop your subscriptions, then consider sharing subscriptions with someone close to you. This can be friends, family members or colleagues, or even neighbors. This allows you to pay half the price while enjoying the full benefits of a subscription.

4.     Share Internet with close neighbors

Share the internet with neighbors close to you. If you are within the radius of your neighbor’s Wi-Fi, try asking if you can use their Wi-Fi and share the cost. So, you still get access to full-speed Wi-Fi but at half the price.

Also, opt to go to a café and use the free Wi-Fi during the day.

At night rather focus on spending time with loved ones or reading a book or anything that does not require Wi-Fi.

5.     Choose to butter your services.

This is a fun way to get something you want for ‘free’.

This is because you offer to do something for your friends and neighbors for free given that they can do something for you for free too. For example, if you are great at doing nails and your friend is great with hair then you can do your friend’s nails for free, and she can do your hair.

See, you can save easily by just buttering your services.

6.     Do a no-spend month.

Here you will only spend money buying necessities like food, transport, rent, and utilities. A no-spend month allows you to cut out any takeouts, entertainment, clothes, and other unnecessary miscellaneous activities.

Remember it’s just for one month.

7.     Do intermittent fasting.

Food costs a lot and if you can find a way to eat less, lose weight, detox and strengthen your spiritual journey then why not try it?

Intermittent fasting means you skip a meal or meals in a day and that means you don’t have to spend money on those meals. It also means you reduce your grocery budget because you will consume less. And you save that money.

As you save use these free Printables to track your saving. Share with us how much you have saved and inspire those close to you.

If you have more tips on how to save money fast on a low income also share them with us in the comments section. I would love to hear from you.

Free Savings Challenge Printable

All these Printables are PDF documents that can be opened by an adobe reader. The saving challenges are of three different sizes: A4, A5, and US Letter Size (8.5 x 11 inches). Whether you are a minimalist or a colorful person, these printable savings challenges are for you

You can download it once and print it as many times as you want. The downloaded files will be zip files, remember to extract them.

Envelope Savings Challenge

Decide how much each envelope is worth and start saving. Choose a start and end date and commit to it. You will be able to save as much money as you want to. Color in each envelope as you save.

Make it fun by using different colors.

52-Week Savings Challenge

This template allows you to save money every week of the year. It’s a year-long commitment but it saves you a lot of money. And you can use this money as an emergency fund or for any other large purchase.

30-Day Savings Challenge

This challenge allows you to save any amount you have for 30 days. Color or circle each amount as you save. For 30 days you get to control your money and choose to save and not spend.

You can do this challenge every month and you will have saved a lot more than you imagine. It does not have to be $100, but it can be $1 because every little bit counts.

$850 Savings Challenge

With this challenge, you get to save an amazing $850 that you can use to go on vacation, pay off debt or even spoil yourself on your birthday.

Treat this as a vacation savings challenge or a birthday saving challenge. You will be able to enjoy important days in your life without worrying about money.

Honeycomb Savings Challenge

This fun and exciting challenge is for you to save any amount of money. Choose how much each icon is worth and start saving.

Color each icon as you save!

$515 Savings Challenge

This is a fun low-income savings challenge to help you save up a sinking fund for a future purchase. You could even use this money to buy all those family Christmas gifts. The festive season won’t have to be stressful anymore because you saved for it.

$355 Savings Challenge

This printable low income saving challenge allows you to save every dollar no matter how small it is. This is because every dollar counts. It may seem small, but it will become a lot of money.

This printable PDF is easy to download and use.

Magenta Saving Challenge

This is a simple challenge for those who want to start saving. No need to add the start and end date.

But you have to write what you are saving for. This will motivate you and help you towards your savings goal. This printable savings challenge brings the spark back into saving.

Veri Peri Savings Challenge

This pdf printable savings challenge allows you to save money for any reason. Save at your own pace, no rush. As long as you save you are doing well financially.

If you enjoyed these printables you can find other printables here

1. 2023 Free Printable Calendars – Planners
2. Printable Savings Challenge & No spend Challenges
3. Mindfulness and Gratitude Journal Printable
4. Rewards Charts and Cleaning Checklists

Cheers to financial education, financial freedom, and creating wealth one step at a time. Even if you are a low income earner these challenges are for you.