3 Quick Ways To Reduce Monthly Expenses

Check Your PayPal Pre-Approved Payments

Paypal is a convenient way to order things online, but sometimes we forget we gave access to automatic payments on our accounts. One of the quickest ways to reduce your monthly expenses if you use Paypal is to check your “active” pre-approved payments. You may be surprised what you’re paying for which you no longer use. Click here for info

Review All Your Expenses and Make Cuts

Use your credit card statements and checking accounts to make a list of all your recurring monthly expenses. Place a checkmark next to ones that you feel can be reduced, replaced or eliminated. Then work the list by making phone calls requesting better deals, or fewer options or just cancelling. There also apps like TrueBill and Trim that will help you find and cancel subscriptions. Though I recommend a legal pad or spreadsheet.

Calculate Yearly Spending On Small Purchases

Most people tend to dismiss regular low cost purchases like coffee, cigarettes, magazines, drive thru snacks, etc. However, each can often add up to over $1,000 per year. Make a list of these small recurring purchases and figure out what you spend per year. The shock alone will help you reduce these expenses.

Unlock 6 More Ways As A Member


Wait! Unlock More Content Here As A Simple3X Member
Learn More | Login
3 Shares
Previous Post

Bookmark The Daily3X

Comments

    • Akil
    • March 23, 2018
    Reply

    Great content Dan Nickerson. Very useful indeed especially when expenses can add up quickly. Another way is to create a budget and stick to that budget. Use an app like ynab.

  1. Reply

    One of the best ways to reduce your expenses is to pay for a service one year at a time instead of monthly.

    Cable, and autoresponders (email service providers) and others that charge you a flat-rate on a monthly basis will give you a discount – sometimes as much as 20% – if you pay for the year in full.

    We only pay about $70+/month for cable and internet, b/c it breaks down to: $11.50 for cable TV and the difference is for internet access.

Leave a Reply

Your email address will not be published. Required fields are marked *

So What Is Simple3X?

It's ONE very simple idea for changing habits, reaching goals and improving productivity in both LIFE and BUSINESS.