Money Talks: Cutting Expenses

Our experts from New Perspectives discuss with our MPB host ways to cut expenses from your life.First: start by tracking your spending habits.Next, get on a budget.When looking to cut expense, re-evaluate your subscriptions.Utility and specifically electric use are large portions of the average household budget. The food budget is usually a pretty big part of a budget. If you’re looking to cut expenses, make it harder to spend money.( didn’t get to: Your insurance payments may be taking up more of your budget than needed.Sometimes cutting expenses means more drastic measures.Look at housing costsSometimes vices or bad habits are putting a drain on your wallet.A very drastic measure to save money might be have a family member live somewhere else – such as a pet. Also look at gift giving options, organized children’s activities, and personal grooming.)Websites to look at:https://www.debt.org/blog/how-to-cut-expenses/https://www.thesimpledollar.com/save-money/trimming-the-fat-forty-ways-to-reduce-your-monthly-required-spending/ Hosted on Acast. See acast.com/privacy for more information.