How to reduce your expenses

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Reducing Expenses


There are ways you can

reduce your expenses without

depriving yourself of the things you love.


Leaving some money in the budget for relaxing activities is actually

healthy and makes it easier to live within your budget!


Indulge, But Still Spend Less

• Take advantage of Preferred Customer Programs

• Buy used items instead of new• Shop online• Ration purchases over a period of time


Preferred Customer Programs

Get rewarded with gift cards for spending a certain amount of money at your favorite stores

Gift Card

$$$


Preferred Customer Programs

• The standard rate is $5 for every $100 spent.• Some bookstores offer a rewards program as well as a

blanket discount for their preferred customers. • Even comic book stores give perks to preferred

customers.


Buying Used

A great way to save money on your hobby is to buy used items.

Save! Save! Save!Buy used books, movies, comic

books, golf equipment,and more.


Online Shopping

With popular websites like Amazon or eBay, you can often find the item you’re looking for at a price much lower than

the one you’ll see in any store.

Savings… Just a mouse click away!


Online Shopping• Convenient• Saves time and money• Access to online-only sales

Warning:Impulse shopping on the web can be

devastating to your budget!


Ration Purchases Over Time

Week 1: Part of wishlist

Week 2: Part of wishlist

Week 4: Rest of wishlist

Week 3: Part of wishlist!


Same Lifestyle, But Less Costly

You can also continue to enjoy your favorite activities, but in less costly ways:• Rent movies instead of going to the movie

theater. Pop some corn and enjoy!• Rather than going out every week with your

friends, take turns entertaining at home and share the expenses.


Self-Reflection Questions:

• What indulgence do I spend the most money on?• What items do I feel comfortable with buying used?• Do I need to be spending as much as I do on the items

that I buy? How can I save on these purchases?


Action Tips:• Devise your own system to spread desired

purchases out over time.• Seek out used items for significant savings.• Check for online discounts before buying in-store.• Avoid buying another high end item until the

previous one is paid off.

How to reduce your expenses

Economy & Finance

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