Final answer:
To reduce flexible expenses in a budget, cancel unnecessary subscriptions, shop for groceries more economically, and adjust monthly savings if you exceed the recommended buffer.
Step-by-step explanation:
To reduce three flexible expenses in a budget, you may consider the following strategies:
- Cut unnecessary subscriptions: Analyze your recurring monthly subscriptions, like streaming services, and eliminate those you use infrequently or can do without.
- Shop smarter for groceries: Opt for less expensive stores or brands when grocery shopping, use coupons, and buy in bulk for items you use regularly to save money.
- Reevaluate your savings: If you have a significant amount saved, more than the recommended three months of living expenses, you might safely adjust by reducing the amount you're putting into savings each month.
By implementing these changes, you can increase your discretionary income, which can be used for savings goals or purchasing desired items, like a new television.