Cutting Costs

Following are strategies for cutting the cost of living. For additional help, consult the apps, articles, books, forms, videos, and websites at the end of this article.  

Strategies
Advisors – ask your accountant, banker/broker, and insurance agent for money saving ideas.
Downsizing – downsize cars and residences to reduce cost of ownership.
Drinking – drink more water and less alcohol for health and thrift.
Energy – reduce energy costs with LED lights, smart thermostats, and weatherproofed windows.
Entertainment – cancel or reduce cable TV; substitute streaming for live concerts.
Learning – attend free educational programming offered by bar associations, colleges, and libraries.
Rewards – switch to a credit card that offers money back and other benefits.
Shopping – buy in bulk, comparison shop, and limit purchases to budgeted items.
Subscriptions – check credit card statements to eliminate unnecessary services and subscriptions.
Travel – take vacations during off-peak months; get discounts from organizations like AAA.

Apps
Banking
Budgeting
Digital Wallets
Managing Personal Finance

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