Keep your debt level low. By reducing debt, you also minimize interest and finance charges. When you are tempted to charge a purchase, remember that you are committing yourself to pay for it from income you have not yet earned. Restaurant dining can be expensive, since you are paying for service as well as food. Reduce Housing Costs.
Housing is a major fixed expense.
Consider reducing this cost by buying or renting a smaller place, or one with fewer amenities. If you rent, and plan on staying in an area for more than a few years, consider buying. Owning a home is often more expensive than renting at first, but the costs are usually lower in the long run. Plus, a house is an investment that generally appreciates over time. Reduce Transportation Costs.