The invention relates to a low-cost anti-aging brazing filler material used for electronic packaging and a preparation method thereof, relating to a soft brazing filler material and a preparation method thereof. The invention solves the technical problems that the traditional low silver content lead free brazing filler material has higher silver content, multiple elements are added, metallurgy preparation is complex, a curing crack can be easily caused and the melting point is higher. The brazing filler material comprises the following components: 0.60-0.79% of Ag, 0.50-0.90% of Cu, 0.02-0.20% of Ni, 2.10-4.00% of Bi and the balance of Sn. The preparation method comprises the step of carrying out smelting on Sn, Ag, Cu, Ni and Bi for twice, thus the brazing filler material is obtained. The melting point of the brazing filler material is 205-219 DEG C, the wettability and weldability are good, the cost is reduced by 30-43% compared with the brazing filler material SAC305, and the jointstrength and high temperature aging resistance of the brazing filler material are improved compared with SAC305 and SAC0307. The brazing filler material provided by the invention can be applied to the fields of electronic packaging, manual welding of packaging, wave soldering and reflow soldering.