Creating a home gym on a budget is entirely possible. Start by identifying the essentials: a good quality exercise mat, resistance bands, and a set of dumbbells or kettlebells. Look for second-hand equipment or discounts at local stores. You can also opt for bodyweight exercises that require minimal equipment. Additionally, consider repurposing existing furniture or space for your workouts. The key is to prioritize your fitness goals and gradually invest in equipment as your budget allows.