If you want to improve your finances and build wealth, downsize your spending. This does not mean being deprived of things that you enjoy. People can lose weight and still eat their favorite foods by decreasing their portion sizes. A comparable financial example is reducing spending on “discretionary” expenses such as meals eaten away from home, clothing, and lottery tickets.

In other words, not cutting out these items completely but spending half of what you did before.  Any reduction in spending (to save money or reduce debt) is a step in the right direction and the “meeting yourself halfway” strategy can make a real impact over time.  For example when you are trying to reduce the calories you consume determine you can meet yourself halfway

• Order half portions, or appetizers at restaurants, instead of entrees
• Order an entrée and take half home for another meal, which also saves you money.
• Order an entrée and share it. The “plate charge” is usually cheaper than another entrée.

When it comes to personal finances, apply the same principle. Cut your discretionary expenses in half. Spend less so that you can save more. Purchases, such as lottery tickets, coffee break items, gum, and cigarettes, can add up to considerable monthly amounts. Categorizing expenses will help you see the different areas in which you spend money. Review and update your Financial Strength Score report and you will  able to see what percentage of your income is spent on various items. Here are dome more ideas below to “meet yourself halfway” to increase your wealth.