It is a simple financial principle that to have more money you can do one of two things: (a) Increase your income; or (b) Reduce your expenses. Usually in business and your personal life the easiest is to reduce your expenses. If you want to have more money for investing, or reducing debt, or giving away, you must look at your monthly spending and see what expenses you can cut out. If you haven’t done this for a long time a good rule of thumb is a 10 reduction in expenses, or 20 if you live a lavish life.