Easy Ways to Cut Your Monthly Spending Habits: If you're in the process of creating a monthly budget so you can save money for big goals or pay off debt faster, you may be looking for easy ways to trim your monthly spending habits. Experts share tips on how you can save more money each month to help you reach your financial goals.
Seeing your annual expenses categorized by type is a great way to spot where you can make spending cuts. “Some things will just jump off the page,” says Daniel D’Ordine, CFP, founder of DDO Advisory Services LLC, which offers financial planning, investment management, and insurance solutions for families and business owners in New York City, the Hudson Valley, and New England.
“Using an app such as Mint, which automatically imports and categorizes your expenses, will give you a bird’s-eye view of your financial standing,” which also can help you decide where to cut back, says Keri Danielski, consumer finance expert and spokeswomen for Intuit’s money management tools Mint and Turbo.