Can you give up these 5 expenses to save thousands of dollars a year?

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11 Feb

Donna Taylor Blog 0 0

These monthly costs likely consumer most of your budget. But if you could lower them by even just 10 percent, you’d have an extra $2,895 every year. If you’ve looked over your budget and can’t cut down anymore, maybe you need to look a little harder. There are probably some expenses you could reduce or drop to save thousands of dollars a year. Following are five examples of these costs and how you could slash them. If you could eliminate all five expenses entirely, you’d save a whopping $28,949 per year, based on averages. But even if you could lower them by a mere 10 percent, you’d still be $2,985 richer by this time next year.

rent
Car payment
Cellphone
Dining out
Cable

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.