November 14th, 2015

Cut Crap from your life, not just expenses

Today’s prompt is about cutting expenses, which is super practical when saving for a big trip. I analyze at least once a year all of my personal and business expenses.

1) Which ones am I still using, and provide value
2) Am I spending money on something that is not aligned with my core values and purpose? (If so, AXE it)

When I look back at what I actually spent money on, I can’t kid myself, it’s there in black and white and evidence of what I value in this world.

I read the book Essentialism earlier this year and the thought processes that I went through helped me get to a place where I’m thinking 1st, about what to cut out of my life, and the resulting expenses will follow.

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Cutting Expenses

Think about what you spend money on that isn’t a necessity, whether it be a fancy coffee, going out to lunch instead of packing one, or paying for cabs instead of taking public transportation.

QUESTION:
When you are getting ready to travel what can you do to cut back on your expenses? Is there anything you do differently before you travel versus during?

CHALLENGE: Find something that you can save money on and commit to it for a week. What did you cut back on? How difficult was it to make this change? How much money did you save? Now search online and find out where you can afford a ticket (plane, train, bus) with the money you’ve saved.(If you are having trouble thinking of ways to cut back, check out our post on the subject.

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