There are two ways to boost your personal cash flow — increase your income or reduce your spending. The former can be a challenge but the latter doesn’t have to be.
The headline of the above video — “Cut Your Spending By $500 Per Month” — is somewhat sensational but the advice given during the video is spot-on.
From NBC’s The Today Show, the 5-minute piece offers a half-dozen ways to reduce your cash outflows each month, including:
- How to negotiate a lower credit card interest rate
- Why it’s important to go grocery shopping with “a list”
- How to “time” certain purchases like tires, linens, and clothing
It also covers saving money on a family pet.
It’s often easier to save money than to make money. This video shows how easy it can be.