Both and neither:
- When you just start from step 1 there are usually some "low hanging fruit" which are easy to identify and cut from your budget thereby reducing your costs. This could be any luxury item or subscription for example. However once these items are cut and you enter the area of core needs then its takes more and more effort to find less and less money. So I believe cut costs of "nice to have" items and stop and:
- Focus on making / earning more money, because at this point, after you have done the above, each day you spend on trying to earn more will give you a higher return on your time investment than if you spent that day trying to cut even more of your costs
|