Play around with your monthly budget to see where you can reduce your monthly spending:
<ul>
<li>You could contact your internet company to get a discount.</li>
<li>You can clip coupons and use rebate apps to spend less on your monthly groceries.</li>
<li>You could set aside less for medical expenses if you have an emergency fund.</li>
</ul>

Reducing your essentials

With the 50/20/30 budgeting method:
<ul>
<li> 50% of your monthly spending goes toward essentials - your home, your food, etc.</li>
<li>20% of your monthly spending goes toward savings goals. It also includes paying down debts as it helps you build savings later.</li>
<li>30% of your monthly spending goes toward everything else. That might include travel, gifts, and dining.</li>
</ul>

The 50/20/30 budgeting method

Debt payments may look confusing when you add it to the savings column. But the easiest way to build up a savings balance is not to have your money go toward debt. Once your debt is paid off, you can increase the savings.

Debt payments

There are lots of different budgeting methods you can try to determine the best way to manage your money. But while budgeting guides might mention those methods or provide broad categories on which to focus, they don’t always make it easy to see how your budget will actually look.

Reducing your essentials

Similar ideas to Reducing your essentials

Define what your emergency fund is

Keeping The Budget

Budgeting Like a Pro