Trilogy Financial

How to Go on a Financial Diet

By Trilogy Financial
September 21, 2018
Share on:

IF YOU'RE LOOKING TO boost your bank account and lower your bills, assessing where you can trim your expenses is an ideal step toward taking control of your finances. But just as cutting back on calories isn't always easy, paring back your expenses and identifying areas where you're overspending can present a challenge. You may have to modify your budget, re-evaluate your spending habits and even shift your mindset. So if you want to go on a financial diet but aren't sure how to start, try the following expert-backed strategies.

Start tracking your expenses. “In order to cut back on the budget, you need to have a budget,” says Kevin Gallegos, the vice president of client enrollment with Freedom Debt Relief, a debt settlement company based in Phoenix. “While people may talk about trimming the budget, relatively few actually have one written down. A spreadsheet or pencil and paper will work as well as budget-specific software or an app,” he says.

You may also like:

By Trilogy Financial
April 1, 2018
Much has been said about the rise of robo-advisors in the financial services industry. With tens of billions of dollars being invested in these online platforms, it is undeniable that consumers are craving the speed, efficiency and data that they...
By the ceo forum group logo
February 1, 2019
“We all must work together for the client, connecting and collaborating to help solve their problems.” – Jeff Motske Robert Reiss: Let's roll back to 1999. Talk about your vision for Trilogy. Jeff Motske: I created the model that we use at...