How To Reduce Your Expenses


So many people are overwhelmed with debt because they ‘acquired’ numerous ‘wants’ instead of recognizing the difference with ‘needs’. We just talked about a 4 step plan to eliminate your credit card debt, but to reduce it even quicker, you must also reduce your expenses…

Modern survival and personal freedom are more effective and ‘real’ after you eliminate your debt and you are not beholden to credit card companies or banks, or need every last dollar of your paycheck just to survive.

It quite simply comes down to this…


Wants vs. Needs

If you are going to be able to decrease or get rid of your debt completely, you must have a good grasp of this…  In order to gain financial independence you have to be able to accurately distinguish between a ‘want’ and a ‘need’.

This means that you must be honest with yourself.

So the first thing you must do is… take a step back and really take an objective look at your spending habits.  You need to be completely honest and objective.

EVERY purchase that you contemplate, MUST be viewed through a strong lens.

EVERY time, you must ask yourself the following questions…


Why do I need this?

…to help you realize if this is really a want or a need.

What will I do with this?

…will reinforce the answer to ‘why’.

Are there alternatives to this?

…force you to think of other ways or solutions, perhaps less expensive.

What would happen to me if I did not buy this?

…will you suffer without it? How badly? Could you do without or find another way?

The truth is, lots of what we buy is not really necessary. When you have set yourself a goal to eliminate your debt, you can accomplish this much quicker by reducing your expenses to the bone, so to speak. Do without, for awhile. Adapt. Find other ways. Buy used. Purchase less costly foods for awhile. Motivate yourself to change your spending habits so that you can use this extra cash to more quickly pay down your debt.

Being debt free from credit cards, car loans, etc., should be a high priority for those who wish to escape the system – the parasitic system that wants you in debt and wants you as a host. Once you are free from this, you will be stunned with the sense of freedom that will go along with it.

The road to becoming debt-free does not have to be miserable. Learn to enjoy the process of being frugal. Learn to enjoy seeing that balance go down…


  1. Great post! How many people do you know that pay a monthly rental fee on a storage locker, full of stuff they never use and only occasionally visit? If we no longer need something, we either give it to the women’s shelter or sell it. I hate having a bunch of crap around I neither need nor use.

    That said, I used to be a hoarder of the worst kind. I would pick things out of dumpsters because I thought it still had some innate value, or I simply could not understand why someone would throw away something that “was perfectly good”. Years later, fully recovered, I now see the stupidity of surrounding myself with gadgets and crap. My wife went through a similar phase many years ago. She absolutely had to have the latest kitchen toy, and she would go and buy it, use it a few times and put it in a cabinet.

    1. ancona…As a reformed hoarder…do you have any suggestion to “get my husband on board” to getting rid of “stuff”?…have tried everything I know and it is pretty useless…So far, nothing I say or do, gets the idea to him there is value in keeping what you use/using what you keep…The only way I get rid of things is slip them out when he’s not around…have dropped off many bags of donation this way…

      but, back to my question, was there any one or two things that sort of “hit” you and the “light went on”?


  2. I Have not used credit in over a decade. Sometimes I need to wait to purchase. But, I get more.

  3. Wondering
    When we moved to our retreat, we downsized from a 5 bedroom house to a 2 bedroom home. My wife had years and years of STUFF that we never used. There was no reason to move this STUFF and we had some very emotional talks about giving away, selling, disposing off or burning a lot of useless STUFF. After some tears and soul searching she agreed to get rid of lots of things and we did. Since we now have no mortgage, my compromise was to rent a storage building for a few bucks a month for 4 months and we have slowly eliminated 50% of the items in storage and working on the rest in the next 2 months. Painful for her but she gets it now. In the process we found a few items that we thought were long gone AND we took a few trips down memory lane in the process. Much harder on my wife. Good luck!

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