Turn money leaks into cash flow
Almost every budget has a little waste. Unused cellphone minutes. Cable packages with way more programs than you could ever watch. Junk fees you never question (or even notice) anymore.
But plugging those leaks can produce a nice stream of money to redirect.
"Don't assume what you're paying today is the least expensive option," Bogosian says. Bought a life insurance policy three or more years ago? Chances are if you shop it, you can get the same coverage for substantially less today, he says.
With some bills, "spending can outpace your needs," Winget says. They become "inadvertent money wasters." Recently, Winget looked at his phone bill and realized he was paying for more minutes than he used every month. "I wasn't aware I was spending money that I didn't need to spend," he says. "I adjusted my plan and saved $30 a month."