Blog

7 Simple Ways to Cut Down On Your Expenses!

October 26, 2012|By David Lester

 1. Record how much you are spending!
Keep all your receipts and make sure your record all your weekly spendings! This will help you be aware of how much you can and want to spend.

2. Stop Eating Out!
Eating out really can add up! It’s nice every now and then to splurge and enjoy a night out but try and keep it to a minimum! Eating at home will save you a lot of money and you can make enough for leftovers and bring them for lunch the next day!

3. Do you really need that?
Ask yourself before making ANY purchase, do I really need that? Some expenses we could go without. For example, Caller ID. Do you need to know who is calling right at that moment or could it wait a second until you pick up the phone and ask who it is? Little things like that save you $5-10/month!

4. Coupons Save You Big Bucks!
Using coupons saves you a couple dollars here and there which will really start to add up. Before making any online purchases take a second and Google coupon for (insert event/item), you’d be surprised how many online coupons are out there!

5. Shop around, do your research and know where the best bang for your buck is.
Whether it is a small or big purchase, a bag of chips or a car, make sure you do all your research beforehand! Be aware of what all equivalent stores are selling the same item for.

6. DIY
Do It Yourself is huge right now and there are so many sites offering tutorials! Instead of buying your or your child’s Halloween costume, make it! The handmade costumes usually turn out better anyways. 😉

7. You don’t NEED the most expensive brands!
Just try store brands! You might find you like these just fine. You’ll see how much money you will save from that cut down alone!

David Lester
About David Lester

David Lester is a best selling author and professional Financial Coach, helping people be better with their money. David has written a personal finance book that breaks with traditional attitudes towards finance and describes his own philosophy to money that he has gained through his personal and professional experiences. His philosophy on money applies to many areas of everyday life, including banking, investing, goal setting, shopping and entertainment.