10 Life Hacks For Lowering Your Living Expenses

Are you house rich, but cash poor? The phrase is often used to describe people who have a house payment so large they can’t afford anything else – like food, gas, utility bills and things they need day-to-day. If this describes you, don’t worry. You’re not alone, and you can get through it with these ten life hacks for lowering your living expenses.
Saving money concept - coins in old jars on reflective surface against blue background.

One: Develop a spending plan

The old-school term for a spending plan is a budget. As much as most of us hate the idea of budgets, they are lifesavers when it comes to helping you save money. If you’ve tried budgets and they just don’t work, consider Dave Ramsey’s Financial Peace University, or BudgetsAreSexy.com if you want a different, more fun, less painful approach to budgets.

Two: Learn about money, starting with your mortgage

Homeowners should understand what it means to buy or own a house, including what a mortgagemeans, what equity is, and what liquidity is, as well as how to leverage your home’s value when emergencies arise.