The Big Three

Most money tips obsess over lattes and avocado toast. But your daily coffee is $5. Your rent is $1,500. The three biggest expenses for most people — housing, transportation, and food — eat up 60-70% of income. A 10% reduction in your Big Three saves more than eliminating every small indulgence combined.

This is the Pareto Principle applied to personal finance: roughly 80% of your financial results come from 20% of your decisions. Getting a roommate, buying a used car instead of a new one, and meal prepping once a week are three choices that can save $500-$1,000 per month.