These 3 Methods Will Help You Lower Your Expenses

3 Ways to Lower Your Expenses and Reach Financial Freedom:
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These 3 methods work hand-in-hand with having a budget and analyzing your expenses. Start here...
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Begin by organizing your monthly expenses from highest to lowest. Once that’s done, categorize them as variable expenses or constant expenses.
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A variable expense is something you can easily change like going out to eat all the time or buying the newest phone. A constant expense is something that doesn't change like your rent/mortgage or your car payment.
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From here, create your budget. Be realistic and frugal when creating your spending categories. Remember, the more money you set aside to save/invest with, the sooner you reach F.I.R.E.
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Now that you’ve organized your finances, do these 3 things:
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1. Lower your constant expenses. If something bad happens financially you don’t want to have these big bills looming over you. The best way to eliminate these expenses is by paying them off in full. Paying off your house or your car will remove a ton of stress from your life if and when things go bad.
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2. Avoid contracted expenses. 10 years ago you could get a really great deal on a phone if you signed up for a two-year contract with a service provider. The networks baited you with a phone but held you hostage to their contract. There's no freedom in that. Get a non-service attached phone and pay as you go.
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Stuck in a car lease? Consider the alternatives: Buy used, rent a car from Turo, use Waze Carpool, Uber/Lyft, bike, walk. How bad do you want the F.I.R.E? Contracts limit your freedom. Not being legally bound to a big spend expense category is an exciting feeling to have.
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3. Live below your means. This is all self-discipline. You don’t need the newest things, you don’t need the name brands, maybe that’s who you are, but if your focus is retiring early, living below your means is non-negotiable. Buy ground coffee for your house instead of the daily $4 frappuccino.
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Aim to improve each month. You should be checking in on your finances at least once a week.
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