Reduce Expenses
To grow your wealth you need to reduce expenses. There are many types of expenses
such as household bills, mortgages, credit card bills, loans and ‘life-
The average working person has about 20% of their salary left for ‘life-
The separate sections listed below will show you the methodology you should employ to reduce expenses and have more cash in your pocket.
Don’t be dismissive about small amounts of savings because collectively they amount
to a considerable amount. And if you use that saving wisely you will end up with
even more money -
A really good way of looking at it is as a percentage of your salary. How about 10% of your salary? Would you like a 10% raise?
Let’s assume that you earned an average salary of £25,000 pa. 10% = £2500 pa. That works out to approximately £200 monthly, £50 weekly or £10 per day which roughly equates to your net hourly rate.
But instead of working an extra hour per day, wouldn’t it be better to reduce your expenses so that you have the benefit of those savings each & every day? Then if you do spend an extra hour working you’ll have even more money. Does that make sense?
Reduce your expenses and you will have more money to spend on what you want to spend it on!
Compare Utility Bills Compare Car, Home and Life Insurance
Reduce Spending Reduce Spending Part Two
Mortgage Calculators Can Save You Money
Slash Your Credit Cards and Loan Debts