How to Cut Spending
Want to rein in your spending habits? (Let's be honest, most of us should answer "yes.") Check out 24 clever ways to cut spending so you can free up money in your budget and hit those money goals!
Ramsey
Today's Task:
Add up your lifestyle expenses. Use the dollar amounts from last month as your starting point. Track these using this free PDF tracker or record it with EveryDollar.
Now we’re getting into the nitty-gritty: your lifestyle expenses! This is the area that will begin to help you find more money in your monthly income.
In 2021, the U.S. Bureau of Labor Statistics reported that the average American spent over $3,500 on entertainment in one year!1 So there’s a huge potential to find money by looking more closely at your entertainment expenses alone.
Here's a list of typical lifestyle expenses to get you started:
Entertainment: $______________
Clothing: $______________
Hair/Nails/Personal Care: $______________
Subscriptions/Memberships: $_______________
Other: $______________
Think of every lifestyle expense you can and add it to this list.
Be sure to write these numbers down using this free PDF tracker or plug them into a free tool like EveryDollar so you can keep track of them. Tomorrow, I’ll show you some ways to find extra money in these categories.
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Ramsey
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