Advertising
Advertising

8 Expenses to Cut and How

8 Expenses to Cut and How

Are you looking to simplify your life? Do you have financial issues? Are you still paying off debts with no end in sight? Hey, me too! Part of my methodology includes plugging expense holes, and shunting that money towards my debts. Here are eight expenses to cut and how:

  • Make Your Own Morning Coffee– I have a tiny little one-cup machine with a steel filter. Why? Because it’s silly easy to operate and clean. I buy really good coffee by the pound, and so a pound of coffee costs $6.50 or so US. Buying coffee at the coffee shop is $2.50 or so for a large. That means, I save after only 3 uses, and it doesn’t really slow down my getting out the door, especially if you think about how much time it takes to wait in a drive-up line.
  • Use Your Public Library– Libraries have changed. Most libraries are now connected into a big sharing consortium, expanding the collection of what you can take out and what they’ll have that you might want. Further, most now have an online catalog that you can use to browse and request from home. Libraries now frequently stock DVDs (mine favors Hollywood movies, and the one in the next town features mostly highbrow independent stuff). Heck, my library just launched a big commercial digital audiobook download deal, so I can get books on my computer from my desk.

    How often do you reference a book after reading it once? Make that your point. Are you going to open it many times over the years, or is this a read once, use often kind of information dump?

  • Get Netflix– Going to the movies isn’t a great plan if you’re trying to save money, but renting movies is a hassle too, right? At least in the States, this is a much better option to going to brick and mortar stores for movies. They deliver the movies to your mailbox. You can’t get a late fee. Oh, and you can choose from getting just one disc at a time, two, three, or even larger numbers, for those of you who get to watch tons of flicks at once. BONUS: using one of your Netflix slots for a kids movie lets you save money, too. Kids will watch a movie 200 times, and then never need to see it again. Right?
  • Bring Meals From Home or Find a Cheap, Repeatable Meal– We tend to bleed cash on feeding ourselves, and rarely do we really savor or notice the food anyhow. It’s just a meal that we consume in between doing other things. If you can bring meals from home, that’s the least expensive, and it’s also the bet way to ensure that you know what you’re getting. I’m currently taking frozen dinners that cost only $2.00 a meal, and that’s cheaper than any sandwich I can buy. If you have to eat out, trying finding the healthiest, best value meal you can find, and stick to it or slight variations. The more adventurous your meal seeking gets, the more it will likely cost you.
  • Drink at a Friend’s House, Not a Pub– The cost of a dozen bottles of beer shared between a few friends will always be less expensive than a single drink out at a pub. Surely, one of you has a place to go for the casual entertainment experience, right? Okay, you might not be able to meet attractive members of the opposite sex there, but even if you spent a few days at one of your homes, that’d save some cash, true?
  • Reconsider Your Driving Habits– Are you a leadfoot? Are you the kind who goes on an hour or more jaunt just for something to do? With gas/petrol costs being so high thanks to some interesting world stage situations, considering how often and how fast you travel will help you cut a few bucks in the short term. BONUS: Get out your bike and kill two birds with one stone. Work that spare tire back off the ole belly.
  • Sum up all Your Entertainment Expenses– When you look at each one separately, it probably doesn’t seem weird to pay $15 a month for Netflix, $10 a month for XBOX Live, $60 or so a month for Cable TV, $100 or more a year on various magazines, not to mention all the ways you spend money when you go out, including clubs, pubs, bars, concerts, shows, events, and dinners. These are all entertainment. If you’re working on your debt, tally up all those expenses and look at them in a big sum per month. How much does your entertainment budget really cost, and does that relate to how much money you’re putting towards your debts and other expenses? Maybe it’s time to reconsider.
  • Go on a Clothing Fast– There are a hundred reasons why you need that new shirt, or that clever belt. You might need those shoes because they’re quite a bargain. But take a good long look at your closet, at what you already have. Do you need more right now? How often are you buying clothes for fashion’s sake versus need? Are there ways you can stretch your budget by coordinating differently? We buy clothes on impulse more often than just about anything. Pay close attention to this, and consider a clothing fast. Promise not to buy clothes for one month at a time. Say, “I’ll go all of August without buying a single article of clothing.” At the end of August, assess. Do you really need anything? See if you can go September, too.

Sure, you’re deserving of a good life. This isn’t as much about deprivation as it is examining the life you’re leading. If you’re working on your finances, and you’re serious about putting them in order, there are even more holes than those I’ve listed above that could use plugging. With a little bit of tweaking, you’ll recover money at a fairly decent clip. This adds up. If you tally up your savings from all eight tips above, it could quite easily be $200 or more back in your finances a month. $2400 a year? That’s a nice tidy raise, eh? Congratulations.

Advertising

–Chris Brogan is working hard on his expenses over at [chrisbrogan.com]. Well, not really. He’s writing about self-improvement and creativity.

Advertising

Advertising

More by this author

7 Uses for a Virtual Machine When Emailing Think Press Release Mail, BrainDump, Mail, Do Stretch Goals Matter You Had me at Insane

Trending in Lifehack

1 7 Helpful Reminders When You Want to Make Big Life Changes 2 Why Do I Procrastinate? 5 Root Causes & How to Tackle Them 3 9 Powerful Questions That Can Improve Your Quality of Life 4 How to Plan Your Life Goals and Actually Achieve Them 5 20 Time Management Tips to Super Boost Your Productivity

Read Next

Advertising
Advertising
Advertising

Last Updated on September 15, 2020

7 Helpful Reminders When You Want to Make Big Life Changes

7 Helpful Reminders When You Want to Make Big Life Changes

Overcoming fear and making life changes is hard. It’s even harder when it’s a big change—breaking up with someone you love, leaving your old job, starting your own business, or hundreds of other difficult choices.

Even if it’s obvious that making a big change will be beneficial, it can be tough. Our mind wants to stay where it’s comfortable, which means doing the same things we’ve always done[1].

We worry: how do we know if we’re making the right decision? We wish we knew more. How do we make a decision without all of the necessary information?

We feel stuck. How do we get past fear and move forward with that thing we want to do?

Well, I certainly don’t have all the answers, but here are 7 things to remember when you want to move forward and make positive life changes.

1. You’ll Never Have All the Information

We often avoid making important decisions because we want more information before we make a tough call.

Yes, it’s certainly true that you need to do your research, but if you’re waiting for the crystal clear answer to come to you, then you’re going to be waiting a long time. As humans, we are curious creatures, and our need for information can be paralyzing.

Life is a series of guesses, mistakes, and revisions. Make the best decision you can at the time and continue to move forward. This also means learning to listen to and trust your intuition. Here’s how.

Advertising

2. Have the Courage to Trust Yourself

We make all sorts of excuses for not making important life changes, but the limiting belief that often underlies many of them is that we don’t trust ourselves to do the right thing.

We think that if we get into a new situation, we won’t know what to do or how to react. We’re worried that the uncharted territory of the future will be too much for us to handle.

Give yourself more credit than that.

You’ve dealt with unexpected changes before, right? And when your car got a flat tire on the way to work, how did that end up? Or when you were unexpectedly dumped?

In the end, you were fine.

Humans are amazingly adaptable, and your whole life has been helping you develop skills to face unexpected challenges.

Have enough courage to trust yourself. No matter what happens, you’ll figure out a way to make it work.

3. What’s the Worst That Could Happen?

Like jealousy, most of your fears are created in your own head.

Advertising

When you actually sit down and think about the worst case scenario, you’ll realize that there are actually very few risks that you can’t recover from.

Ask yourself, “What’s the worst that could happen?” Once you realize the worst isn’t that bad, you’ll be ready to crush it.

When you’re preparing to make a big life change, write down all of the things you’re afraid of. Are you afraid of failing? Of looking silly? Of losing money? Of being unhappy?

Then, address each fear by writing down ways you can overcome them. For example, if you’re afraid of losing money, can you take a few months to save up a safety net?

4. It’s Just as Much About the Process as It Is About the Result

We’re so wrapped up in results when we think about major life changes. We worry that if we start out towards a big goal, then we might not make it to the finish line.

However, you’re allowed to change your mind. And failing will only help you learn what not to do next time.

Furthermore, just because you don’t reach the final goal doesn’t mean you failed. You chose the goal in the first place, but you’re allowed to alter it if you find that the goal isn’t working out the way you hoped. Failure is not a destination, and neither is success.

Enjoy the process of moving forward[2].

Advertising

5. Continue to Pursue Opportunity

If you’re on the fence about a big decision, then you might be worried about getting locked into a position that you can’t escape from.

Think about it a different way. New choices rarely limit your options.

In fact, new pursuits often open up even more opportunities. One of the best things about going after important goals with passion is that they open up chances and options that you never could have expected in the beginning.

If you pursue the interesting opportunities that arise along the path to your goal, then you can be sure that you’ll always have choices.

6. Effort Matters, So Use It

It sounds simple, but one of the big reasons we don’t make life changes is because we don’t try. And we don’t try because then it’s easy to make excuses for why we don’t get what we want.

Flunked that test? Are you stupid? “Of course I’m not stupid. I just didn’t study. I would have gotten an A if I actually studied.”

Stuck in a job you hate? Why haven’t you found a new job yet? “Well, I haven’t really tried to get a new job. I could totally ace that interview if I wanted.”

Why do we make excuses like these to ourselves? It’s because if we try and fail, then we just failed. But if we don’t try, we can chalk it up to laziness.

Advertising

Get over it. Failure happens to everyone.

And the funny thing is, if you actually try—because it’s pretty clear that most people aren’t trying—then you’ll win a lot more than you think.

7. Start With Something Manageable

You can’t climb Everest if you don’t try hiking beforehand.

Maybe applying for your dream job seems intimidating right now. What can you start with today?

Can you talk to someone who already has that position and see what they think makes them successful? Can you improve your skills so you meet one of the qualifications? Can you take a free online course to expand your resume?

Maybe you’re not quite ready for a long-term relationship, but you know you want to start dating. Could you try asking out a mutual friend? Can you go out more with friends to practice your communication skills and meet new people?

You don’t need to be a world changer today; you just need to make small life changes in your own world.

More Tips to Help You Make Life Changes

Featured photo credit: Victor Rodriguez via unsplash.com

Reference

Read Next