Best ways to reduce family spending?

[Anonymous]

Anonymous wrote:Never go out for a meal. No stopping at wawa either.

Buy fresh fruit and veg and meat. No prepared foods.

+1 and cut back on meat if you're eating it every day

[Anonymous]

Anonymous wrote:I invest the money I save. I buy quality companies. If the price goes down, I get a discount. I don't lose the money unless I sell.
If there's market rally, I can clearly see growth.
This is like double whammy for me. I love cutting costs, but I'm not going to let the money just sit around.

Tell that to Lehman Brothers

[Anonymous]

Anonymous wrote:

Anonymous wrote:Millennials like to say that it's not their daily Starbucks that makes them struggle financially, but all those extras add up. Daily Starbucks, lunch out, drinks at a restaurant, 4 streaming subscriptions, highest data cell phone plans, monthly highlights....it adds up quite quickly.

Determine what is a need and what is extra. Pick something important to you to keep so you're not miserable, but see where else you can cut back.

Hmmm....it's my boomer parents who won't cut the cable cord despite the ridiculous price tag and refuse to buy secondhand anything, but sure, let's stereotype millennials....

Oh my god, stop complaining about boomers. You sound like a teenager.

[Anonymous]

Stop going out to eat! Impulse spending. Starbucks, boba tea! All those little things add up. Stop using credit cards and carrying a balance. What is the APR on those accounts? Some are as high as 30%. Shop around for home and auto insurance.

[Anonymous]

Anonymous wrote:Sell a child. Cash windfall, cuts future costs.

+1