Our Financial Makeover Series features carefully selected personal finance topics. We hope talking about these basic principles can allow you to figure out what can help the most in your own unique situation.
In Part 1, we discussed avoiding fees and using a no-fee online checking account.
Part 2 pointed out how no-fee savings accounts and a fun budget approach could allow you to spend more on things you truly love.
We followed up in Part 3 with budget choices and the amazing freedom it can provide to realize your projects and dreams.
Part 4 suggested to start and build up emergency savings in accordance with your own crap-happens plan.
Today we’ll talk about expenses and propose ideas, hopefully inspiring, to reduce them.
We know a lot of people have a very hard time cutting down their spending as it can be simply too painful to them. But oftentimes, just focusing on boring expenses can give you the spark and motivation to get the slashing process going.
Getting More of What You Love
As we already highlighted in Part 2, getting more of what you love is the key here. So, try to focus on getting more resources like precious time and money!
On the cash front, reviewing your expenses and slashing unnecessary ones can be a straightforward way to free up big bucks to attain more of that.
An even more motivating approach is to concentrate your expenses carving on the boring kind. After all, cutting down on expenses that don’t provide you much joy should be much easier.
Working hard to tackle down your expenses should also help take out much of the guilt associated to spending. Enjoying more of what you love is not a sin, especially if you worked hard to achieve so.
As you can see, boring-expense money could provide some leeway and ultimately allow you to spend more on what you love. That’s plain and simple!
Fun Right After Necessity First
In all of this, you still have to prioritize essential spending.
You have no choice to spend some money on what you and your family, essentially need. There’s no way around it.