Listen "#008 How Can I Reduce My Expenses?"
Episode Synopsis
Having trouble keeping expenses in check? Whether it is as a business or on your personal budget, keeping expenses in line is manageable if you have the right tools! First, start tracking your expenses for FREE using the Matt Money System Business and Personal Flow, or your budgeting app of choice. Second, use the PRU method (made popular in the hit business book 'Profit First' by Mike Michalowicz. P - Expenses that contribute to earning more revenue or income. R - Expenses that can be replaced with lower cost or free options. Remember, just because you cut an expense now doesn't mean that you can't reintroduce it when income is higher. U - Expenses that are unnecessary and provide low/no value. Cut these expenses entirely! See what it is like to live with money leftover at the end of the month! Check out our instagram @themattmoneyshow and DM a topic or question you'd like covered! Or subscribe to our YouTube @themattmoneyshow and comment your topic or question!
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