Identify areas where spending can be reduced or eliminated

Step 1: Tracking Expenses

Step 2: Prioritizing Needs vs. Wants

Teach the value of discern between essential needs & discretionary wants

Step 3: Negotiating Bills & Subscriptions

Offer tips on negotiating lower rates for bills & cancel unnecessary subscriptions

Step 4: Embracing Minimalism

Explore the concept of minimalism to reduced spendings

Step 5: Building an Emergency Fund

Setting aside funds for unexpected expenses, providing a safety to avoid into debt