Cut costs, cut back, cut out
Three simple ways to reduce what you spend without making life miserable.
In the app: 2 lessons · 1 quick check
Key points
1. The three cuts
- Cut costs — do the same thing, cheaper. Buy foodstuff in bulk at the market instead of daily.
- Cut back — do it less often. Eat out twice a week instead of five times.
- Cut out — stop it completely. Cancel the subscription you never use.
2. Don't spend what you saved
- When you cut an expense, the money must go somewhere useful — or it quietly disappears into other spending. Move what you cut straight into savings.
Need or want? Before each purchase, ask: do I need this, or do I just want it?
The full lesson is in the Kopkad app
Worked examples in naira, quick checks to test yourself, and the step-by-step guide to doing it, free with your account.
Read more elsewhere
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Full lesson + tools in the Kopkad app
Track your money in Wealth Builder
Log income and spending in seconds, mark needs and wants, and see your budget update as you go.
- Full lessons with real examples
- Quick checks as you learn
- Wealth Builder tools to do it
Free to join. Find the lessons under Learn → Financial Literacy at app.kopkad.ng and in the Android app.