This series of articles from Living Cheap helps provides a useful guide to how to live life on a low income. They are ideal for those of us living on benefits, although not all of the tips will help all of us. Living on a low income needs planning, and the ten tips will help you plan not just for the everyday, but also how to deal with financial emergencies.
'Number 3 - Spend Less than your income
THIS IS HUGE. You should set yourself a goal every month to spend LESS than you earn. If you can achieve this, month after month, your financial situation cannot fail to improve. There are a number of ways of doing this; you could do some traditional budgeting by writing down everything you earn and everything you spend. You could lock the credit cards away and refuse to use them for a whole month. You could take a small amount of your income and lock it away in saving every month before you get a chance to spend it. All of these will work but all of them are designed with one thing in mind - SPEND LESS THAN YOU EARN! There are numerous tips on this website that will help you to spend less to that you can SPEND LESS THAN YOU EARN every month.'