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Cut Your Spending Without Sacrifice 

Cut Your Spending Without Sacrifice

One of the things trends like minimalism and the FIRE Method can teach us all it that there are several ways you can cut your spending without major sacrifice. 

Electronics 

There are a few different ways you can save on your electronics spending. First up, don’t invest in new electronics until you actually need them. Most of us buy when there is something new and shiny, but instead wait until your phone or computer is glitchy, broken, or until you genuinely require one of the newer features. Also, do your homework and don’t invest in the bells and whistles you don’t need. Last but not least don’t be ashamed to invest in refurbished or older generations.  

Get Things Repaired 

It’s a matter of fact, things aren’t built like they used to be—but that doesn’t mean that you don’t have repair or replacement options. For example, when your glass coffee pot breaks, by a new pot not an entirely new coffee maker. If the leg on a dining room chair breaks, take it to a carpenter for repair. Whatever it is, see if you can get it fixed. 

Rethink Your Status Spending 

Setting aside money for your social life and material possessions is essential, but you must know when and where to draw the line. Some common areas include the car you drive, the home you live in, clothing and accessories, how often you eat out, where you eat out, redecorating and remodeling, and even how you spend your travel budget. When it comes to clothing, consider Project 333—where you invest in quality but do a lot of mixing and matching and repeating what you wear. 

Odds are most of us could be saving a lot more without negatively impacting our quality of life.  

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