How To Reduce Expenses: Difference between revisions
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== Track Your Spending == | |||
# You should track on regular basis how much you spend. | |||
# Remove Extra spending. | |||
== Create and Check Your Budget == | == Create and Check Your Budget == | ||
# Create your budget according to your income and expense. | |||
# Adjust some spending according to budget. | |||
== Reduce Electricity Use == | == Reduce Electricity Use == | ||
# Make lights off whenever there is no use of electricity. | |||
# Save electricity as much as you can. | |||
== Reduce Housing Expense == | == Reduce Housing Expense == | ||
'''If You are on Rent:''' | |||
# Get a Room Mate | |||
# Avoid paid parking space | |||
# You can choose cheaper but comfortable apartment. | |||
'''If you have your own house:''' | |||
# If you have loan clear those as soon as possible. | |||
# Rent out home or portion of it. | |||
== Reduce Your Debts == | == Reduce Your Debts == | ||
# If you have debts, reduce or clear as soon as possible because it is eating your money as interest. | |||
# Avoid debts as much as possible. | |||
== Reduce Outside Extra Activities == | == Reduce Outside Extra Activities == | ||
# Outside activities like eating outside, clubbing or extra entertainment can be avoided. | |||
# It can damage your health and money as well. | |||
[[Category:Make Money]] | [[Category:Make Money]] | ||
Latest revision as of 07:05, 10 October 2021
Track Your Spending
- You should track on regular basis how much you spend.
- Remove Extra spending.
Create and Check Your Budget
- Create your budget according to your income and expense.
- Adjust some spending according to budget.
Reduce Electricity Use
- Make lights off whenever there is no use of electricity.
- Save electricity as much as you can.
Reduce Housing Expense
If You are on Rent:
- Get a Room Mate
- Avoid paid parking space
- You can choose cheaper but comfortable apartment.
If you have your own house:
- If you have loan clear those as soon as possible.
- Rent out home or portion of it.
Reduce Your Debts
- If you have debts, reduce or clear as soon as possible because it is eating your money as interest.
- Avoid debts as much as possible.
Reduce Outside Extra Activities
- Outside activities like eating outside, clubbing or extra entertainment can be avoided.
- It can damage your health and money as well.
