What should you not spend money on?
How can I cut my drastically expenses?
How to drastically cut expenses
- Start a budget. Starting a budget is key to any strategy that helps you live cheaply. This may interest you : What is the rarest day to be born?. …
- Always use coupon apps when shopping for groceries. …
- Always use a shopping list. …
- Meal plan. …
- Take lunch to work. …
- Buy non-perishable items in bulk. …
- Buy generic brands. …
- Stop eating out.
Is it OK to spend money on hobbies?
As a good rule of thumb, you should allocate 5% to 10% of your take-home pay for hobbies and leisure expenses. Read also : Is 20K a lot of savings?. For example, if you bring home $3,500 per month (after taxes), you should plan to spend between $175 and $350 per month on hobbies.