Monday, January 8, 2018

How to Start Saving Money?

Reduce Expenses and Increase Your Income

Reaching your goals can seem impossible at first, but once you make a few changes, you'll have a whole new outlook on things.
One of the best ways to start saving more toward each of your goals- and to get your debt paid off quicker- is to reduce your expenses. Eliminating unnecessary and wasteful spending can free up a lot of extra cash.
Go through you statements from last month line by line. List out every single expense, including you fixed costs- like rent/mortgage, insurance bills, debt payments etc.- as well as every other purchase you made- every coffee, movie rental, bar tab, grocery bill etc. Start with the expenses you can easily reduce. You probably can't change your rent or mortgage any time soon, so look at the things you can control, like subscriptions, groceries, car insurance, your cell phone bill and more.

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