Five Ways Scaling Back Can Save You Money

Posted on 03/30/2009

Mega corporations are doing it. Small businesses are doing it. So maybe you should be scaling back, too. Of course there are things you should never scale back on—healthcare, insurance, and charitable giving to name a few. But here are five ways scaling back can save you money.

1. You Don’t Have to Do It All: Tai Chi classes? Sure! Fencing lessons? Why not! A crocheting seminar? Sign me up! If your schedule’s been jam packed with classes, lessons and seminars try scaling back. Remind yourself that you don’t have to do it all. In fact, for your budget’s sake it’s probably best that you don’t.

2. You Don’t Have to Have It All: There are so many cute blouses, bracelets and bikinis I’d love to have for my spring and summer wardrobe. But you know what? You don’t have to have it all. Try scaling back your wardrobe budget and making due with a few new key pieces combined with what’s already in your closet.

3. You Don’t Have to See It All: There’s nothing quite like Paris in the spring. So I’ve heard. Remember, Paris will always be there next year and chances are the economy will be in a much better place then. You don’t have to see it all now. Try scaling back your travel plans. You’ll still have a relaxing time minus the huge expense.

4. You Don’t Have to Try It All: Whether it’s a new restaurant, bar or ice cream shop, the truth is you don’t have to try it all. Scale back on the number of weekly or monthly outings you make and you’ll notice a big change in your cash flow.

5. You Don’t Have to Be It All: If ever there was a time to scale back and enjoy the simple things in life—it’s now. Use the economy as your excuse to return to the basics of spending time with family and friends in laid back ways. You don’t have to be it all and that should feel great!

By Alison Storm

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