When it comes to budgeting, one of the biggest challenges is being honest with yourself about what you do and don’t need. There are big differences between needs and wants, and even within needs there are avenues to cut costs. AOL Finance posted a video and article asking finance experts like myself what costs and expenses we can do without. For me, it was bottled water. I used to drink all water from a bottle, but buying a $50 water filter eliminated that costly need.

Another common want is alcohol, which can add up quickly. Not only is it unnecessary, but it’s also unhealthy (and in some regards dangerous). Simply ditching alcohol will do wonders for your health and finances. Books is another added expenses. There are libraries, book exchange programs, and of course e-readers.

Gym memberships can be costly, especially when there are community gym options that might be sliding scale, low cost or even free. Online workout videos, taking your cardio outside (running is notoriously affordable) or otherwise getting creative can drastically cut costs.

Find even more ways to cut expenses by visiting the full list: