9 Downsizing Tips for the Middle Class To Save on Monthly Expenses

There’s only so much you can control about your financial situation. You can’t snap your fingers and magically increase your salary. The reality is that if you’re in the middle class, one of the biggest changes you can make is downsizing to save money on monthly expenses.

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But that doesn’t mean you have to give up everything you enjoy in your daily life. There are some pretty common expenses and purchasing habits the middle class can easily cut back on that can seriously improve their finances — especially for people with debt.

One of the easiest areas for middle-class families to save money, according to Dennis Shirshikov, finance expert and head of growth at GoSummer, is by evaluating and downsizing their subscription services.

“Many households subscribe to multiple streaming services, digital magazines and monthly delivery boxes, often spending more than $100 per month,” he said. “While individually these services seem affordable, collectively they can add up significantly.”

A practical approach he recommended is to review all subscriptions and eliminate those that are rarely used or overlap in content.

“For example, choosing one or two favorite streaming platforms instead of subscribing to five can save around $30 to $50 monthly,” Shirshikov said.

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If you’re in the middle class and carry debt, you know how much of your monthly budget it can eat up. Your balance keeps growing, and you can struggle to even make the minimum payments on top of all your other bills.

But there’s one strategy for getting out of debt that’s often overlooked entirely. A company called National Debt Relief could help you become debt-free — and you might not even have to pay your full balance.

Here’s how it works: First, set up a quick call with a debt specialist at National Debt Relief to tell them a bit about your situation. The consultation is totally free, and there’s no obligation. They’ll explain your options.

With debt settlement, their experts will negotiate directly with your lenders to agree on a reduced balance, meaning you could pay less than what you owe.

With debt consolidation, all your debt is combined into one new loan, ideally with a lower interest rate. This helps you pay off your balance faster and saves money on interest payments.