This week we talked about Gallup’s finding of $83 for American’s average daily spending in February. This weekend, your challenge is to find ways that you can change your average daily spending (excluding what you spend on bills, buying a home or buying a vehicle) to reduce it.
Even if you’re already coming in below the average of $83, reducing your average spending can help you save more and pay off debt much sooner. And remember, the sooner you pay off debt, the less you spend on interest and fees for having that debt.
Even if you can reduce your spending by just $1 per day ($30 per month) you can make a huge difference in your future financial life.