Reducing your monthly expenses is hard, but
It's much easier if you have a system in place
The system I use is simple, and has saved me $1,000's
Let me break it down for you:
Frugality:
- The quality of being economical with money
‘Earn more, spend less, invest the difference and enjoy the ride’
This simple mantra has helped me grow my net worth from -£40K to £252K
Frugality is the ‘spend less’ part
As a cost of living crisis spreads across the globe
It's never been more important to try and lower our expenses
But how?
I'm going to show you a simple method I follow which has saved me a small fortune over the years
Let's get into it
Firstly
Frugality is not about limiting your life to the point of misery
It’s about being intentional with your choices
When making any purchase, in a store, a supermarket, for insurance, a holiday, or a household bill...
STOP.
And ask yourself these 5 questions...
1. Do I REALLY need this & what are the consequences if I don’t make this purchase?
2. If I need it, do I really need it right now?
3. If so, is the price good value for money?
4. If not, can I get it cheaper elsewhere?
5. If not, can I get a discount/earn rewards points?