People who are trying to save money will find that there are certain areas of spending that are smarter to cut back in than others. The most obvious thing that you should do is to track your spending and see where you spend the most; then cut back in those areas to significantly reduce your expenditures.

Most people will find that the two biggest areas of expense for them are the cost of their housing and the cost of their daily transportation. You can save a whole lot of money by moving into a smaller home and cutting back on your use of a car.

Of course, not all people will be able to cut back in these areas. There are some other things that you can look at to reduce spending by a lot. Reducing your vices, limiting what you spend on luxuries and spending time instead of money wherever possible are three more ways that you can probably save money in your life.

These seem to be the quickest places to start saving money if you work on them in my opinion. What do you think? Are there better places to start saving money in your life than these key areas? Where would you start with trying to spend less?

Tags: kathryn vercillo, money, Personal Finance, save money, spend less, spending