Question

What are some ways that I can cut costs and stay within my budget?

I need a 175 word count please.
Thank you very much for your time and effort.

Answer 1

Answer:

Budget- It is an estimation of income and expenditures for a specific time period. It is a financial plan of an individual or a company. Budget is made so that we can cut the excess cost and remain within our budget or financial limits.

Basic needs cannot be cut, these are essential but luxurious things can be cut. Being an individual, you can cut following cost to stay in your budget-

1. You can cut your telephone and internet bills by reducing usage. Just make the important and necessary calls and take a single internet and voice calls pack. If not needed, do not go for wi fi or big data plans.
2. You may stop being the pet lover because if you have a pet, it has its own expenditures on food, shelter and care.
3. Do not take loan until needed much because if you take loan, you have to pay interest over it.
4. You may reduce the electricity usage.
5. You may grow a garden and grow some vegetables and fruits that can be easily grown.
6. You can have less parties and get togethers to cut the cost.

If you try to do the above tips if not all then few, believe me you can cut your expenses and increase your savings.