| The top 3 ways to become debt free: Tip #2 |
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dnlgarnett
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| The top 3 ways to become debt free: Tip #2 |
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Hey all,
Here is tip number 2 of the series. As I said in post #1, I am new to the forum so I just wanted to provide a little bit of value.
The next thing you want to do is reduce those variable expenses. A variable expense is an expense that can be easily altered or changed. For example: It’s not that easy to change your mortgage (fixed expense) but it all it takes is a phone call to possibly lower your cable or phone bill.
Take a look at all your expenses and separate out all the variable expenses and make a list. Then look at the expenses that are the easiest to lower. Of all the clients I saw, 90% of them were overspending in the variable expense category by at least 50%.
Here are some of the expenses I reduced when I had money problems:
Phone (Bundled with my internet and TV)
Groceries (I took my lunch to work)
Vacations (Went camping instead of the all-inclusive trips)
The main idea with all of this is to take a look at the expenses you can control and do what you can to reduce them. I know this is not new or riveting information but you would be surprised how few people do this.
[deleted]
Cheers!
Daniel
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Sun Nov 14, 2010 2:10 am |
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sweetums
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Thank you for sharing that helpful information and looking forward to more.
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Sun Nov 14, 2010 2:17 am |
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Crazyfinances
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Good suggestion. I just mentioned a similar tip to someone here. Saving up on non-essential items is a very good way to earn money. I think we should do this even when there is not a financial problem 
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Tue Nov 23, 2010 7:00 pm |
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cccfree
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This is real good stuff, thanks!
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Tue May 10, 2011 11:09 pm |
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Ba11le
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I was glad to find that this package actually was very organized and much easier to understand compared to other online traffic generation guides that I have purchased before.
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Tue May 17, 2011 8:42 am |
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omkardolas
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good tips
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Mon Nov 14, 2011 9:48 am |
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pocketguide
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Variable expenses can indeed be tricky on your budget. Planning around them and doing some adjustments will help you meet your fixed expenses.
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Thu Apr 19, 2012 2:56 am |
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