A dollar saved is a dollar earned. We sometimes have limited opportunities (short term) to increase our income. We therefore will have to get to saving more of what we do earn, if we want to reduce our debt.
The first thing you can do is cook more often at home and eat out less. For starters you will save a bunch of cash in entertainment expenses. Then you will also benefit from being able to buy ingredients in bulk and therefore get a good discount on them. You will be able to eat healthy meals at a cheaper price.
Another thing I know helped me in a big way was using my car less. My expenses shot up after I bought my first car because I always wanted to be using it. That meant going out, which meant expenses. If you are like the rest of us then this would sound familiar to you. Take an example from the situation and leave your car in the garage more often.
So what will you do if you don't go out as often. Well apart from cooking you can undertake those exciting do it yourself home improvement projects. Make your home more energy efficient and save more money by not hiring someone but doing it yourself.
If your going out less, you will also need less expensive designer wear. Spend less money on clothes that only make you feel good for superficially and for a short period of time.
Finally you can also quit your addictions of smoking, drinking or shopping! This is not so easy but it can be worth a lot to you and not just financially. Even smoking less will save you hundreds of dollars ever year on cigarettes. Not to mention the thousands of dollars it would save you from future medical expenses as well!
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