What if you could easily reduce expenditures each month to free up room for a vacation or leisure expense?
While not an official term, “budget hacking” means finding money within fixed expenses — and not simply through reduced latte runs and cancelled social outings.
Users of this strategy review their recurring (fixed) expenses and call on companies to reduce their bills, according to an article by Kendal Perez, US NEWS.
One example is a woman who was able to reduce a fixed expense by $141 each month, just by calling up the company and requesting a better rate.
While cutting back on eating out and unnecessary movie outings can help, in combination with some “budget hacking” — you may be able to trim your monthly expenses considerably.