Many people want to s-t-r-e-t-c-h their dollar so they can live on less. Unfortunately there is no simple solution for everyone so trying to do with less can be a challenge. How one person chooses to cut expenses may not suit the time or the expertise of another individual. Spending less involves assessing and balancing one’s resources.
The first step in developing a strategy for living on less is to analyze how the dollars you have are currently spent. If you have been keeping track of how money was spent by the month and year, analyze the expenditures. List expenditures in three groups: Necessary, Nice-to-have, Foolish.
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