I’m trying to cut costs but I’m not sure where to start. I haven’t put anything in my savings account in over 6 months and I drained it before then. I currently spend $58 a month on entertainment and subscriptions after canceling ones I could live without. Lately to save, I’ve been paying the minimum on my credit cards every month ($27 and $25) which have balances of $400 and $125. I ate out one time last month and haven’t been eating out much or at all for months. I dropped down to the lowest plan for my cell phone. I buy generic brands of most groceries and try to plan meals around what’s on sale. I just need help. My job has no room for growth or a raise any time soon and it’s very physically exhausting so I can’t get a second job. I have a budget and never really stray from it. Any suggestions? Thanks in advance.
True that but nothing motivates you more than having to find a job. Otherwise he could just keep kicking the can and kicking the can and eventually life passes one by one bye and they are 39!years old still working for $17/hr and then your trapped.
For budgeting, either cut spending, increase income, or both. Cancel any subscriptions if possible. Also, paying only the minimum on credit cards isn’t ideal—focus on paying them off to avoid high interest costs.