11/13/2023 0 Comments Cut monthly expensesAfter being laid off from my first job out of college, I found a position at the company my aunt was working for in Florida. How to save money on your current mortgageĭid you bite off more than you can chew at your current apartment/home? Or did your financial situation change since moving in?. 9 tested strategies for negotiating lower rent (without having to move).If moving is not an option for you, or not an option you're willing to take, then check out these two resources for how to drastically cut your housing costs while staying put: Cut #1: Drastically Reduce Your Housing Costs (without Moving) We generally don’t like to talk about these options because they make for oftentimes drastic changes in a person’s lifestyle.īut these options could make the difference between retiring in fear versus retiring with dignity, or even the difference between foreclosure/bankruptcy and financial independence. You need to forget about the scalpel and break out the machete, cutting expenses to the bone. It sounds like it’s time to take more drastic measures. What if after slicing your grocery bill by 30%, and taking your entertainment bill down to a measly $0 and training yourself to stop spending money, you're still not getting anywhere? It’s as if I ask you to take a scalpel and slit open the tiniest of holes in your finances in order to reap that extra little savings. Bare Necessities Budget - What Does it Look Like?Ī lot of articles I write here are about fine-tuning your frugal habits, your budget (here's some great budget advice), and your spending.Cut #49: Belongings with Lots of Maintenance Needs.Cut #48: Belongings with Frequent Replacements.Cut #47: Belongings with Lots of Moving Parts.Cut #16: Extreme Christmas/Holidays/Gift-Giving Savings.Cut #15: Extreme Transportation Savings.Cut #14: Putting 100% Money Down on Home Purchase.Cut #13: Extreme Cable and Cell Phone Savings.Cutting Household Expenses – Real Life Examples.Cut #11: Stop Using Your Escrow Account.Cut #10: Get Your Auto Insurance Lowered.Cut #9: Get Your Homeowner’s/Renter’s Insurance Lowered.Cut #8: Get Your Cable/Internet/Home Phone Lowered.Cut Everyday Expenses and Lower Bills Fast.Cut #3: Cut Rent and Utility Costs by 30% (at least).Cut #1: Drastically Reduce Your Housing Costs (without Moving).They'll even cancel subscriptions for you! They only earn money if you save money, so it's worth a shot. Since I know you want more for your future than this, let's work on increasing the gap between your bills and your paycheck by cutting expenses to the bone.Ĭrunched for time? Use a service like Trim to analyze your bills and then actually negotiate on your behalf to get them lowered. I'm not here to tell you how to spend your money, or that you should put it all in the bank and not spend a single dime on yourself - you can spend your money on whatever you would like to.īut if you don't have a savings account with an emergency fund in it, and you're not saving for your future retirement, or you can't pay your bills each month? Here’s the thing: you work hard for your money. those who both spend too much money, and also do not make enough money to cover basic costs (including saving money).those who don’t make enough money to cover basic costs + save.
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