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What to do if you don't have enough money to live

Husband and wife holding an empty wallet

Many people wonder what to do if there is not enough money to live on. We will tell you about the reasons for the lack of money and how to change the current situation. In the article you will find tips to help you quickly improve your financial situation.


The content of the article:

  • Signs that money is always in short supply
  • Why is there not enough money
  • What to do if there is not enough salary
    • Reducing costs
    • We increase income
    • Learning to plan a budget
    • We change ourselves
  • What to do if there is no money to buy the necessary
  • What can be done in the near future
  • What cannot be done?
  • What to do if money is sorely lacking

Signs that money is always in short supply

There are several “symptoms” that you urgently need money. These are high fixed costs (payment of a loan, rental housing), the need to save money, debts, lack of financial goals and savings.

If by the end of the month there are no funds left, you need to look for an answer to the question of what to do when there is no money.

Why is there not enough money

To answer the question why there is no money in the family, need to analyze income and expenses… You may find that you are not earning enough or spending too much. Some people have both the first and the second at the same time.

The situation is complicated by the constant rise in prices for goods and services. It becomes more expensive to live, but the salary remains the same. As a result, there is a shortage of money.

Many people cannot refuse relatives and friends who ask for a loan. Failure to speak “No“- flaw to fight… To be successful in life, you need to know how to prioritize.

What to do if there is not enough salary

How to live if money is always lacking? You can go one of two ways – cut costs or increase revenues. We recommend doing both at the same time.

Reducing costs

Reduce costs for 10-20% you can always, even if it seems to you that it is unrealistic.

First you need to find out what is the reason for the lack of money. To do this, take into account the income, expenses.

Do your bookkeeping on paper or in a mobile app (Money lover, CoinKeeper, Money Manager, Goodbudget, Zen Mani).

Ways to cut costs if money is chronically short:

  • constant monitoring of prices, promotions, sales;
  • refusal from unnecessary services (landline telephone, cable TV);
  • purchases (including joint purchases) in online stores;
  • optimization of utilities consumption;
  • paying off debts, closing credit cards;
  • quitting smoking, drinking alcohol;
  • purchase of used goods, exchange;
  • avoiding unnecessary purchases, reducing the cost of entertainment.

We increase income

What if the family does not have enough money, but it is not possible to cut costs? This problem is being addressed by increasing income. There are two methods:

  1. Qualitative – an increase in earnings at the current or similar place of work.
  2. Quantitative – creating additional sources of income.

The quality method implies search for a higher-paid job or position, an increase in the length of the working day, an increase in labor efficiency.

Use every opportunity – volunteer to work on the weekend, fulfill the plan, get bonuses.

How to make money freelancer, entrepreneur? You can increase the cost of work or expand your business.

The quantitative method allows create an additional source of profit, minimize risks.


You can open a replenishment deposit in the bank, engage in speculation (currency, other assets), rent out property, sell unnecessary things, find additional work on the Internet or offline.

Learning to plan a budget

What if you are constantly short of money? You need to properly plan your budget, distributing finances on three points.

First, we save money for the essentials (mortgage payments, utilities, training). Then – on what you cannot do without, but on what you can save (food, travel, clothing). If the money remains, we spend it on what we can refuse (entertainment, going to the gym, beauty salons).

Get a debit card with account balance and put off 10% of income… This money will come in handy when you decide to start a business or travel.

We change ourselves

The question of how to live if there is not enough money often sounds in the offices of psychologists. Experts recommend starting with a revision of your beliefs, thoughts, words.

You can make money affirmations and say them daily. Example: Money comes into my life easily, freely.

What to do if there is no money to buy the necessary

What if there is not enough money for a wife and children? Find additional sources of income for yourself and your spouse. If a wife has to sit with a child, look for business ideas for women on maternity leave.

What if there is not enough money for food and groceries? Learn to live within your means, give up unnecessary goods and services. Buy products with discounts, track promotions (for example, in the application “Eaten“).

What if there is not enough money for clothes and shoes? Buy goods on sales, in second-hand shops. You can update your wardrobe with minimal costs at AliExpress, Avito, “Yulia”.

What can be done soon

Don t complain about your lack of money forever. Start changing the situation:

  1. Consider how you can increase your income at your current job.
  2. Find a part-time job.
  3. Get a notebook / app to track expenses.
  4. Plan your budget for the current month.

What cannot be done?

Even if there is no money at all, you should not take loans from microfinance organizations – institutions that provide finance at a high interest rate.

It turns out that together with the money a person receives a new item of expenses (he has to look for funds to repay the loan, pay interest).

What to do if money is sorely lacking

How to live if there is no money at all? Use any opportunity to make moneyfrom working on the Internet to distributing leaflets on the streets.

Conduct a full audit, place ads for the sale of unnecessary things (furniture, clothing, shoes, household appliances, books). An additional source of income can be business without investment

We talked about why financial difficulties arise and answered the question of how to live if there is not enough money for anything. Pick a tip you like and use it today.






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Post Author: Rachel Reinbauer

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