For most, cutting expenses is much easier than raising their income to get out of debt. Think of any expense you have and most likely there is a way to reduce it. Everything from: cable, gas, or groceries. Here is list of ideas to help you get started reducing your expenses.
Housing and Utilities
-Choose higher deductibles on your homeowners or renters insurance.
-Turn your thermostat down in the winter and up in the summer. Electric companies suggest 78 degrees in the summer and 68 degrees in the winter.
-Drop premium channels from your television and telephone service.
Transportation
-Increase the deductibles on your auto insurance policy.
-Start carpooling to work and use public transportation.
Food
-Pack a lunch to work and eliminate eating at fast food restaurants.
-Use weekly grocery add coupons and check to see what is on sale. Prepare a meal plan accordingly.
Clothing
Check out consignment and thrift stores for gently used items.
Don't buy onto the latest fashions. Stick to classic styles. Know what looks good on you and try combining outfits to expand your wardrobe.
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