Ramit Sethi says stop cutting everything a little. Pick your top two spending categories like eating out, then reduce them 30-50% over six months. Gradual changes stick, and you'll free up hundreds of dollars.
30 to 50% over the next six months.
Six months.
You ever find yourself overspending and you can't figure out how to cut back? Well, for a lot of people, what they try to do is cut back a little bit on everything. This never works. I got to cut back 5% on broccoli, 5% on shoelaces, 5% on eating out for the degenerates, 5% on drinking. You might need to cut back 70% on drinking. For some of the people I know who read my stuff. Here's a better way. Take your top two discretionary expenses, eating out, going out, whatever it might be, and make a plan to reduce it by 30 to 50% in the next six months. Notice how gradual this is. 475amonth on eating out. Maybe 450, maybe one month, you actually go back up. Somebody came from out of town. But over the course of six months, this is so much more sustainable. And now you have hundreds of dollars more in cash flow. This is from my book, I Will Teach youh to Be Rich. And this is how you can start taking control of your money.
