03 Reducing Expenses - My Financial Playground by lifethenfinance.com - Education Videos

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Entertainment, leisure activities, and lifestyle are often the first things to get cut when tightening the financial belt. It's unfortunate, but at the same time, this can save you quite a bit of money. Hobbies can be expensive, so it makes sense that this might be an effective way to reduce spending.

However, even though cutting yourself off entirely from your hobby (whether it be movies, books, comics, golf, or anything else) might be a good way to reduce spending, it may not be entirely necessary. In fact, leaving some money in the budget for relaxing activities is actually healthy and much-needed!

There are ways you can reduce this expense without depriving yourself of the things you love. If you keep your wits about you, you can savor the joy of indulging yourself without the guilt of thinking about how it'll ruin your budget. There are quite a few ways to go about this.