Cutting back on small expenses won't save you the most money, but controlling your biggest expenses might. Budgets are one of the main reasons some people have difficulty managing their money, because they reinforce a scarcity mindset, according to self-made millionaire Grant Sabatier. Controlling your biggest expenses – transportation, housing, and food – is a better strategy because it will increase your savings rate, he said. UNSPLASH Cutting back on small expenses won’t save you the most money, but controlling your biggest expenses might. Together these changes could even double your savings rate, Sabatier said.

Source: Stuff February 17, 2019 19:20 UTC