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.

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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.

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