In this class we cover ways to reduce expenses. Here are some concrete tips.

Key Takeaways and Next Steps:

Create a budget to track expenses

Get a clear overview of your financial situation and look for ways to cut out extras. Prioritize expenses for essential needs first

Explore cost-saving opportunities

Build an emergency fund to ensure a financial cushion in times of need

Create a safety net for unexpected expenses to prevent the need for credit or loans

Cook at Home and Meal Prep

Eating out can be a significant expense. Cooking at home and meal prepping can save money and promote healthier eating habits.

Explore Public Transportation or Carpooling

Consider using public transportation or carpooling to reduce fuel and maintenance costs

Unplug Electronics When Not in Use

Buy Generic Brands

Negotiate Bills and Contracts

Negotiate bills and contracts, such as cable, internet, or insurance, to get the best possible rates.

Shop Secondhand

Cancel Unused Memberships

DIY Home Repairs and Maintenance

Limit Impulse Purchases

Review Insurance Policies