Small Changes That Can Improve Any Budget

Budgeting can be daunting for some people. We’re going to discuss three changes that can make a large impact on your monthly budget.

When it comes to managing and changing things in your budget, there are basically two

ways to change them. One is to increase your income and two is to decrease your

expenses.

Most people feel the most pain when they’re trying to change the expense side of the

equation but there are three simple things you can do that won’t have a significant

impact on your lifestyle but can have a significant impact on your bottom line.

#1 – Cut the cord

What cutting the cord means is that instead of using cable or satellite services for your television entertainment that you use services that come through the internet and that you stream. There are upfront costs for those which means you have to buy a streaming service, the monthly service itself, as well as the devices that you need that allow the streaming to take place on your television. However, the monthly services themselves are significantly cheaper than most of the satellite and cable services are for the same amount of channels.

2# – Dine in More, Dine Out Less

The second way to change your budget without feeling a lot of impact to your lifestyle

would be to change from eating out often to cooking at home more. Usually it’s

healthier for you to eat at home instead of eating out. It also impacts your budget by

increasing your food costs two to three times when you eat out as opposed to cooking

at home.

3# – Store Brand is Essentially the Same as Brand Name

The third change you can make that goes along with eating at home is buying store

brand foods as opposed to name brand foods. Typically, the quality is the same for both

types of products. However, the name brand items cost more because those companies

spend a lot more to market their products to you and they pass that cost onto you, the

consumer. So by buying name brand products, you spend more money for the same

thing.

By cutting the cord, eating at home as opposed to eating out, and buying store brand

products as opposed to name brand products, you can live the same lifestyle but spend

a lot less money per month.

If you have any other questions or suggestions, contact me by sending an email to [email protected]

Marie Martin
About the Author: Marie Martin
Marie F. Martin is an experienced bankruptcy attorney serving the Twin City area. She represents Minnesota families in bankruptcy court, and has handled thousands of Chapter 7 and Chapter 13 cases from beginning to end.