How to step down your spending

Most people know that they would/should/could reduce their spending.  However, people are discouraged by this idea because they think of it as an "all or nothing" strategy.  But in reality, there is a lot of room in between to step-down.

For example, if your family eats at a fine dining restaurant twice a month, then you can step down to a family restaurant and save $60 a month per person. If you eat lunch out every day at a fast food restaurant, you can save $25 per week if you take your lunch.

You might also enjoy:

How to rent when you have bad credit
How to determine how much you can afford to spend on a home
How to manage money when you are self-employed
How to stop debt collection calls

Kim McGrigg is the former Manager of Community and Media Relations for MMI.