Story time, family.
About three years ago, I was at a crossroads. Things were pretty good.
Bills paid on time. Check.
Vibrant social life. Double check.
But, I also felt complacent. Do you know the feeling?
It’s like you’re floating.
You’re kinda in a trance.
All the days start feeling the same.
And you’re not sure how to get control of the cycle.
There’s also a little bit of fear there.
I was afraid that 20 years from that point, I would look back and wish I had spent my 20’s (when I have all the spunk) doing the dirty work that would pay off later.
The dirty work being getting scrappy and starting a business where I could be my own boss, set my own schedule, and follow my own rules.
This didn’t feel within reach at the time because I had annoying road blocks in the way.
The road blocks were my student loans and not-so-great spending habits.
How Cutting Expenses Changed My Life
There’s no way around it, money is a huge factor that contributes to being stuck in a cycle that you can’t get out of.
When you’re broke or living paycheck to paycheck, you have limited opportunities, options, and resources to make life changes.
When you have savings and less debt, you have more opportunities + flexibility to take risks or afford the things you love.
For me, finding more money literally meant more freedom.
And cutting costs was the answer to regaining control and allowed me to make the movies that I had only dreamt of until that point.
Cutting costs is what helped me find money to increase my student loan payment from the bare minimum to pay it off.
It also helped me leave my cushy 9 to 5 job for self-employment within a year on a pretty modest income.
After cutting expenses and actually budgeting, I found that I never had an income problem, it was a spending problem.
How to Cut Costs from Your Monthly Expenses
What costs can you cut?
This is the important question that can unlock your own door to freedom and allow you to afford more of the big things in life it feels like you’re never able to indulge in.
My passion is motivating others to cut back on small expenses so they can have the same freedom to do the things they love like I do.
Cut back consistently day after day and month after month, and you too will have enough money to live out your weird, wild dream!
To help you, I put together a mega list of possible costs you can cut from your household expenses.
It can be seriously easy to forget all of the money you’re actually spending on random things.
Running through this list will help make sure you’re accounting for the “phantom expenses” that cause you to bleed money throughout the month.
You’ll probably find (like I did) that the small expenses add up to big money that will better serve you in a freedom fund.
Download the list of 100+ things you can cut from your expenses to save more money and repay more debt below!
Note: This isn’t a suggestion that you should cut ALL OF THE COSTS AT ONCE. Just a worksheet to get your mind thinking of possible costs you may be forgetting about that are holding you back from meeting a larger goal.
Looking for more money saving posts? Check these out:
- How to Save Money When You’re Broke as Hell
- How to Lower Your Comcast Bill
- 100+ Things to Cut Out to Save Money on Monthly Expenses
- How I Increased Student Loan Payment By 500% on a Humble Salary
- 35-Day Holiday Savings Challenge
- How to Repay Debt With a Zero Sum Budget
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