Eliminate Any Subscription Services You Don’t Really Use
When you see how much you are spending each month and exactly what you are spending it on, it’s easier to see ways that you can cut down costs. Start by eliminating any automatic payments you make for subscription services that you don’t use or can easily live without.
“There is no easy way out of debt except to change your personal consumption habits,” said Robert Reilly, a chief investment officer. “If you can’t afford to pay for that item or service this month, you can’t afford it — period. Review all of the subscription agreements you are being debited for, everything from Planet Fitness to Netflix to Apple Music to Spotify. Are you really using this stuff? Can you live without it? Everything can be reconsidered.”
