22 Ways to Reduce Expenses
Expense < Income: Monthly expenses must be less than income for positive cashflow generation
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INTRODUCTION
Whether you are a renter or home owner, single or married, managing household income properly is an essential step to wealth building. Your household income is your most powerful tool for wealth building. Reducing expenses is an important aspect of managing your finances and improving your financial well-being. When monthly expenses are less than your take home income, this will generate positive cashflow, allowing you to save and invest for the future.
Here are various ways to reduce your expenses:
- Create a Budget: Start by creating a detailed budget that outlines your income and…
