Look to big-ticket items When you start looking for places to cut costs, start with the items that cost the most. This could mean reevaluating where you live as you identify the safest place to live with the lowest rent. Living with a roommate is cheaper than living alone, and you might ask whether you really need a car while you're a student. Check your Money Monitor and identify the most costly expenses. How could you spend less in each category? APPLY YOUR KNOWLEDGE Suppose that you checked your Money Monitor and realized that you needed to spend $200 less next month. What could you do to reach your goal? Check all that apply. Go out with your friends only when they ask Spend less on entertainment Develop relationships with restaurant staff Avoid high rents Habitually compare prices