Tips for cutting expenses


When you are putting together a budget to save money, pay off debt, invest, or whatever you need money for there are two simple things you can do to make that happen.

  1. Increase income
  2. Cut expenses __________________________________________________________________________________

When looking for ways to cut expenses it is important to know how your expenses are broken down.



  • Know the difference between your needs and wants.
  • Make sure you get the best deal on the things you must have


Interest Rates 

Insurance Premiums 



  • Make a list of things you can do without for now – Limit your wants
  • Make sure you ALWAYS look for deals, discounts, coupons, and sales



  • Mortgage/Rent
  • Cell Phone
  • Utilities
  • Internet
  • Car payment
  • Car Insurance
  • Health Insurance
  • Child care
  • Gasoline
  • Clothing for work
  • Food – Groceries
  • Home Supplies – (Paper towels, cleaning supplies)
  • Credit card debt
  • Student loan debt
  • Taxes



  • TV
  • Subscriptions
  • Eating out at restaurants
  • Clothes – above and beyond what you have to have
  • Entertainment
  • Travel


5 Steps to Cut Expenses

  1. Shop for the best rates often
  2. Cut out things you can do without
  3. Limit your wants
  4. Know where to find deals, discounts, coupons, and sales on the things you buy often
  5. Get out of debt