If its not possible to cut back on major expenses, then you need to take a look at your smaller expenses, says Berger.
Go through the list of expenses in your 50 percent bucket and ask yourself: Do I need this? Can I get rid of it, or can I somehow lower it?
If you havent checked car insurance rates in three years [for example] maybe you should shop around for better car insurance, says Berger.
Youll also need to examine the expenses in your 30 percent bucket to see what you tend to waste money on the most, he says. For some people, that may be clothes, for others, electronics or eating out. Berger suggest creating a mini-budget that will prevent you from overspending on your lifestyle habits. For instance, if you tend to splurge on dining …
Read the full article at: https://www.nbcnews.com/better/business/how-50-20-30-rule-can-help-you-get-out-ncna889476
