Debt Management > Ways to Reduce Monthly Expenses |
Debt Kit -- Settle unsecured debts for less than half of amount owed Credit Kit -- Improve credit rating and reduce monthly bills by 200+ |
Although fixed expenses are hard to change without refinancing loans, selling off assets, etc., many variable expenses can be easily reduced or eliminated. Lowering your variable expenses means giving up things you don't need; reducing the usage of goods and services you do need, such as food and clothing; and finding ways to lower the cost of things you use everyday, such as electricity. Your goal in slashing variable expenses is to free up enough money to pay down your debt and avoid bankruptcy and credit counseling services. You might have to live a very austere existence to accomplish this. Below are links to pages with tips on lowering variable expenses. Print out a worksheet and make a list of your own ideas on cutting variable expenses while reading our ideas. |
Get Out of Debt By Reducing Your Monthly Variable Expenses |
Saved Mthly Yrly |
Item |
$ 16 $ 15 $ 40 $ 20 $ 40 $ 20 $100 $ 20 $ 40 $ 40 $351 |
$ 192 $ 180 $ 480 $ 240 $ 480 $ 240 $1200 $ 240 $ 480 $ 480 $4212 |
Cancel voice mail Get free checking account Bring lunch to work everyday No vending machine snacks Transfer high credit card balance to low-rate card Fewer long distance calls Prepare meals from scratch Dry clean less often Cancel cable television Cut back on entertainment Use to pay down debt |
Debt Kit -- Settle unsecured debts for less than half of amount owed Credit Kit -- Improve credit rating and reduce monthly bills by 200+ |
Debt Management > Ways to Reduce Monthly Expenses |
