Cut Back on Expenses
To save even more money, Suze says to keep track of your expenses for each month and then determine areas where you can cut back by $50 or $100 per month and save the money instead. Try Suze's simple corner-cutting suggestions:
- Use ATMs only from your bank—those surcharges can really add up!
- Replace your lattes with plain coffee.
- Cancel one or more of your premium cable channels.
- Bring your lunch to work at least one day per week.
- Switch your credit card balance to one with a low introductory rate.
- Skip the local movie theater and rent or borrow a movie just once a month.
- Get a haircut every six weeks instead of every five.