This weekend the challenge is to find three different ways that you can reduce your spending each month. Slashing your spending can help you in many different ways. It reduces the amount that you spend, which gives you more money to apply to debt payments and savings. It also gives you more freedom to do what you want with your money. For example if you reduce what you spend on your groceries each week you can put that money into a category that is more important to you, such as saving for a vacation or for retirement. It is all about find the right balance.

