I think it’s a good idea to clean house and get rid of junk occasionally. It’s amazing how we accumulate over time. I think the same can be done with our finances. Here are some ways I clean out the junk, or cut unnecessary expenses:

1. Review subscriptions - It’s super easy to subscribe to memberships and subscriptions. I just ask if it’s something that is adding value to my life. Is there an ROI? If not, it’s gone.
2. Remove habits - One habit for me can be buying coffee. I often buy a coffee when meeting someone at Starbucks or when I’m out and about. This adds up depending on how many coffees I buy per week. So it’s a matter of evaluating where I have created these habits and changing them when they seem to be getting out of control.
3. Budgeting - The last way I cut unnecessary expenses is by updating our budget every month. My wife and I give every dollar a job so that eliminates most random purchases. There is an amount set aside for eating out, coffee, etc. and when it’s gone, we have to make a conscious decision to move money from another category (give something up) or stop spending. Our budget helps us stay on track towards our financial goals.