1. Increase income.
2. Decrease costs.

It is interesting to note that even if one makes millions a year, it is still possible to spend more than one makes. So, regardless of one’s income situation, eliminating costs makes cents. :-)

I like to look at it like where cutting costs is actually generating income.

Here is a strategic plan to reduce all costs.

1. Open up a spreadsheet.

2. Make a list of every single one of your costs.

3. Create another list by that one that gives a strategy to lower, or eliminate, each one of those costs.

4. Make a third list, after the second, that starts with the easiest strategy to execute to the hardest one to execute.

5. Execute the entire third list, beginning with the easiest task.

How did it work for you?