The presents have been opened; you've thrown away the mountain of wrapping paper. While everyone is enjoying their new loot, are you starting to worry about the bills? Did you put any of your holiday expenses on credit cards? If so, you're not alone.
You sit down and try, again, to make a budget. Quickly, you realize your expenses are equal to your income, and the stress begins. Next, you find that your expenses cannot easily be reduced. So, where do you start?
Take a look at your food budget
How much do you spend each month on food? Figure out exactly how much you spend on groceries and dining out. Include coffee stops, convenience store snacks, and lunch expenses. When I started budgeting, I was shocked to realize my family of 6 was spending over $1200 monthly on food and beverages.
Using the methods in the eBook, I now average between $400-600 spent each month.As a result, I was able to get out of debt in part by cutting my grocery bill in half.