Reduce Monthly Expenses, Part I

It is not unusual for households to experience a reduction in income. We experienced it last year as a result of the furlough of Federal employees.  Certainly not a pleasant experience!  However, we were well prepared with our emergency fund.  Moreover, we are always proactively looking for ways to reduce our monthly expenses and continue maximizing contributions to our TSP (401[k] equivalent for federal employees) and IRA accounts. The best way to start the reduction of your monthly expenses is to track them over a given time period.  Doing so Read the Full Story