Weathering the Economic Collapse: Can You Reduce Any of These 10 Fixed Expenses?
Saturday, March 8, 2014
The bells are tolling on the American economy. Every day, another expert is warning us of the imminent demise of our way of life. If you’re paying attention, you can see it coming, like some huge storm system, bearing down on you. You don’t stand there and wait for it to hit you. You don’t have to be a passive victim of the economy.
It’s time to sit down and take a long hard look at where your money is going. Lots of financial experts give tips about reducing your discretionary spending but what about those fixed expenses? You can free up some large sums of money by reducing your monthly output.
Most of us have a set of fixed expenses. Some of these are vital, some are not, and what is vital for me might not be important for you.
What fixed payments come out of your bank account every month?
Gym membership/Exercise classes
Cell phone bill/Home phone bill
Child support/alimony payments
Extracurricular activities for the kids