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Kiplinger
Kiplinger
Business
Rachael Green

How to Cut $1,000 From Your Monthly Budget Without Giving Up Everything

Starbucks Costco Peacock Insurance EPA United States
(Image credit: Getty Images)

Question: I need to free up $1,000 in my monthly budget, and I've already given up Starbucks and dining out. What else can I do?

Answer: There are many ways to trim your budget, even if you think you've already cut out all the extra expenses. The key is for people to "treat their budget as if they were downsizing their home," according to Million Dollar Round Table member and personal finance expert Roy Lederman. You'll need to eliminate some items altogether and find creative ways to live comfortably with less.

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