5 Ways to Save Money as a Musician

It’s hard being a muso sometimes. We don’t have a consistent pay check and are always waiting to be paid for the latest gig. So how do you make your money stretch till the next gig? Here are some ways to save money as a musician.

1. Buy second hand instruments

Not only will you get an instrument with a story, you’ll often save a ton of money on the instrument. Whilst some instruments hold their value really well, others will be about half the price of a new one and work just as they did when they were new.

Often times someone has bought an instrument with the intention to get lessons and get good but gives up and sells their instrument for quite a cheap price. Be on the lookout on Craigslist, Gumtree etc. This one is especially useful for pedals.

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2. Record yourself with an audio interface

Can’t afford to book some studio time? Why not do it yourself with an audio interface? Sure drums might be tough but you could do that in a studio and do the rest yourself from home and still end up with a quality product. You can get a cheap interface such as the Focusrite Scarlett Solo Compact USB Audio Interface for just $100. I recommend Focusrite as I use the 8i6 myself and it’s been a great interface with good pre-amps. The solo compact is easy to use and one of the best for it’s price! Couple this with a cheap or free DAW and you’re all good to go!

If you don’t want to invest in one of those chances are you know someone who does so maybe you could borrow their equipment for a cheap price?

3. Don’t drink on the gig

A quick and easy way to save money is to not drink alcohol on a gig that you have to pay for it. This will save you a ton of money in the long run and will likely be better for your health too! This will also mean that there is less chance of a spillage on stage which could lead to heaps of money being spent on repairs.

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4. Sell old gear

If you aren’t using gear and you need money then why not sell it? Musicians are great hoarders of instruments they don’t use. Why not sell it to someone else who will make use of it? It’ll free up space in your house and leave you with some dosh to get you through to your next gig!

5. Put aside a percentage of each gig into a savings account

I don’t know about you but I used to be really bad at saving gig money. Because it isn’t a regular income it’s less likely that you’re going to view it as a salary. Put aside a set amount each gig so that you can set yourself up later.

 

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