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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.

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

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Last Updated on March 31, 2020

Why Do I Procrastinate? 5 Root Causes & How To Tackle Them

Why Do I Procrastinate? 5 Root Causes & How To Tackle Them

Procrastination is something many people can relate to and I, myself, have been there and done that. Yes, I write all about productivity now, but when I first started out on my career path, I would often put off work I didn’t want to do. And most of the time I didn’t even realize I was doing it.

So what changed?

I thought to myself, “why do I procrastinate?” And I started to read a lot of books on productivity, learning a great deal and shifting my mind to the reasons why people procrastinate.

My understanding brought me a new perspective on how to put an end to the action of procrastination.

Procrastination slows your goals and dreams way down. It can create stress and feelings of frustration. It rears its ugly head on a regular basis for a lot of people. This is particularly apparent at work with day-to-day projects and tasks.

But, why do people self-sabotage in this way? Essentially, there are 5 reasons behind procrastination. See if you can identify with any of these in your own work life.

1. The Perfectionist’s Fear

Procrastination is sometimes a subconscious fear of failure.

If you put off a task enough, then you can’t face up to the potential (and usually imagined) negative results. If you’re a stickler for minor details, the stress of getting things ‘just right’ may be too much and cause you to delay continuing the task.

Either way, fear is at the root cause and can sabotage your desire to move forward.

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How to Tackle It?

Try visualizing the completion of your task in a positive way.

For example, you have a presentation that your boss wants you to conduct for a potential client. Visualize yourself standing in the meeting room confident, meeting the eyes of the client and seeing them light up as you explain the concept simply and concisely.

Imagine your boss telling you how great you did and you were the best person for the job. Think about how it would feel to you and focus on this as you move forward with the task.

2. A Dreamer’s Lack of Action

This is a person who is highly creative and has many brilliant ideas but can’t quite seem to bring them to fruition.

The main reason for this is because there’s usually no structure or goal setting involved once the idea has been created. This aimless approach ends up manifesting as a lack of decision-making and significant delays on a project.

How to Tackle It?

Write down a timeline of what you want to achieve and by when. Ideally, do this daily to keep yourself on track and accountable for progression. Creative minds tend to jump from one idea to the next, so cultivating focus is essential.

If you’re designing and creating a new product at work, set out a task list for the week ahead with the steps you want to focus on each day. Doing this ahead of time will stop your mind from wandering across to different ideas.

Learn about how to plan your time and take actions from some of the successful people: 8 Ways Highly Successful People Plan Their Time

3. An Overwhelmed Avoider

This is one of the most common reasons for procrastination; the sheer overwhelm of a daunting task.

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The complexity of a task can cause the brain to lose motivation and avoid doing it altogether choosing instead to stay in its comfort zone.

The search then starts for a more enjoyable task and the harder tasks are put off. This can cause stress and dread when the task inevitably comes up to be completed.

How to Tackle It?

Break the challenge down into smaller tasks and tackle each one individually.

For example, if you have a project that has technical elements to it that you know you’ll find challenging, list each step you need to take in order to complete these difficult elements. Think of ways you can resolve potential hurdles. Perhaps you have a coworker that may have time to help or even consider that the solution may be easier than you initially think. Put each task in order of most daunting to least daunting. Ideally, try to deal with the more challenging parts of each task in the morning so that momentum is created as the tasks get easier through the day.

A reward system will also help you stay motivated so, once completed, you can enjoy your treat of choice.

If you want to know how to better handle your feelings and stay motivated, take a look at my other article: Procrastination Is a Matter of Emotion, Here’s How to Stop It

4. The Busy Bee Who Lacks Prioritization

Either you have too many tasks or don’t truly acknowledge the differing importance of each task. The result? Getting nothing done.

Time is spent switching constantly from one task to another or spending too much time deciding what to do.

How to Tackle It?

It’s all about priorities and choosing important tasks over urgent ones.

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Make sure to question the value and purpose of each task and make a list in order of importance.

For example, throughout your work day, you can waste a lot of time dealing with ‘urgent’ emails from colleagues but, you need to ask yourself if these are more important than working on a task that will affect, say, several office projects at once.

Help yourself to prioritize and set a goal of working through your list over the next few hours reassessing the situation once the time is up.

In my other article, I talk about an effective way to prioritze and achieve more in less time: How to Prioritize Right in 10 Minutes and Work 10X Faster

5. The One with Shiny Object Syndrome (Distraction-Prone)

This is another common cause for procrastination; just simple distraction.

Our brains aren’t wired to focus for long periods of time and it looks for something else. So throw in a bunch of colleagues equally looking for distractions or checking your phone mindlessly, and you’ve got a recipe for ultimate procrastination.

However, this type of procrastination may not always be an unconscious decision to sabotage and put off work. It’s simply a result of your work setup or types of coworkers you have. Only you know the answer to that.

How to Tackle It?

Be mindful of your workspace and potential distractions. Schedule a specific time to converse with your coworkers, put headphones on to minimize listening to what’s going on around you, and switch your phone off.

Aim to do this for 20-30 minutes at a time and then take a break. This will be a much more efficient way of working and getting what you need done. This is also why scheduling down time is so important for productivity.

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Whether this type of procrastination is self-sabotage or being a victim of a distracting environment, either way you can take control.

If you need a little more guidance on how to stay focus, this guide can help you: How to Focus and Maximize Your Productivity (the Definitive Guide)

Bottom Line

I’m going to be bold and assume you identified with at least one of these procrastination pitfalls.

You could be trapped in the endless cycle of procrastination like I was, that is, until I decided to find out my why behind putting off tasks and projects. It was only then that I could implement strategies and move forward in a positive and productive way.

I killed the procrastination monster and so can you. I now complete my tasks more efficiently and completely killed that feeling of stress and falling behind with work that procrastination brings.

I know it’s not easy to stop procrastinating right away, so I also have this complete guide to help you stop it once and for all: What Is Procrastination and How to Stop It (The Complete Guide)

Featured photo credit: Luke Chesser via unsplash.com

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