Cutting Expenses
You may still find yourself short on money to pay your bills even after tracking your expenses and cutting back. This is even more likely to happen if your hours at work get cut or you’re temporarily out of work.
Here are some tips and suggestions that can help you try to match what’s going out with what’s coming in. They focus on ways to decrease spending or uses of income and other financial resources. Not all of these may apply to you.
What to do
- Review the strategies for cutting expenses below and think about if they're realistic for you
- Use the strategies you can commit to and plan for getting more information or resources
- Share options you've identified with others in your household and start implementing the strategies as soon as possible
Expense | Strategy | |
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Car expenses |
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Eating out |
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Financial services fees |
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Furniture and clothing |
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Groceries and supplies |
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Home energy expenses |
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Insurance |
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Late fees |
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Memberships |
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Phone |
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TV and internet |
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Download this fillable PDF to help you have money for what you need most.
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Basic Elements - Legal Text
Source: consumerfinance.gov
This material is provided for educational and information purposes only. It is not a replacement for the guidance or advice of an accountant, certified advisor or otherwise qualified professional.