3 Strategies to Reduce Spending Drastically

Let’s face it: we all have been through times when the money gets tight. However, the good news is that there are a number of strategies that you can adopt that will help you get by easily.

In fact, just implementing one of these strategies (that we will share with you!) should be enough.

So, with that said, here are 3 strategies that you can use to reduce spending substantially:

#1: Negotiate on utility costs

If you’re looking to save money on your cellphone bill, one way to do this is by giving the customer service representative of your current cell phone company the idea that you’re interested in taking up a plan with their competition. Since this cannot be done with your electricity bill, ask them if they have plans that can reduce your rates.

#2: Plan your week

A large amount of money that we spend throughout the week is due to not thinking about what will come up for this time period. For example, if we have to arrange for dinner quickly, we spend money on fast food. Or if it’s a gift that we forgot to purchase, we end up spending much more than usual. In fact, pre-planning and using coupons can save you a lot of money – more than you can imagine.

#3: Get rid of your vice/s

The average consumer spends about $1200 on beer while the average price for a pack of cigarettes is about $5.51. Think about how much you can save almost a year if you gave up smoking – almost $2000 in all. No matter what, cutting on both serious and casual vices can save you a bit.