Start Keeping Track Of Your Expenses

The first step in reducing monthly expenses is determining where the money is. It will be challenging to decide where to reduce costs if you don't know what you're spending your money on.

Evaluate all of your monthly spendings, leaving nothing out, and you'll be surprised to know how much you're spending on certain items. This gives you a clear picture to see where you can adjust your expenses.

Go through everything you spend money on and decide what you really "need" vs. what you really "want."

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