Evaluating Essential Expenses

In this chapter, they discuss the fifth step of practicing values-based budgeting, which is evaluating essential expenses. They emphasize the importance of critically assessing these expenses, such as transportation costs, living expenses, grocery bills, and utilities, to see if they can be reduced to free up money for other areas. They give examples of cutting transportation costs by utilizing a company car or biking/public transportation. They also mention their personal experience of living in a tiny home to slash housing expenses and have more financial flexibility. The chapter concludes by mentioning the use of found money to allocate towards high-value categories and introduces the concept of values-based spending.