Saving more money can sometimes seem impossible, but with the right saving strategy, you can save a lot of money. I like to focus on the 3 big expenses – housing, transportation and food – to save more money fast.

In this post, you’ll learn how to save more money fast and increase your savings by focusing on these 3 areas of spending to improve your financial situation.

There are a number of ways for a person to improve their financial situation: increasing your income, increasing your savings rate, decreasing your expenses, or getting a windfall, to name a few.

My goal is to increase my income, though I’m always cognizant of the big three expenses: housing, transportation, and food.

These are called the big three because, typically, they will be your three biggest yearly expenses (shocking right?). Reducing expenses in these areas will have the biggest impact on your financial situation.

Yes, it’s easy to look at that $4 latte each day and think dropping that will help reduce your expenses, but honestly, $4 a day is $120 a month – not a crazy amount of money.

Switching houses or apartments could result in a $500 per month saving with little to no effort – and you’re still caffeinated.