3 Strategies To Keep Monthly Expenses In Check

Hello, #DOCTORpreneurs. The household debt recorded in the US for just the first quarter of 2021 was $14 trillion. One look at that amount, and anyone can tell it’s a lot of money. Given all of the expenses, rising costs, and decreasing paychecks, how can you cut costs and pay off debt when you can barely afford your necessary monthly expenses?

Try these tips:

  1. Begin to keep track of your spending habits. Tracking your purchases will help you discover exactly where your money is going, and which bills need extra attention.
  • When you take the time to note down expenses for the last 30 to 60 days, you will begin to see which bills are consuming a large amount of your income.
  • People used to track down expenses by writing them down as they happened. That exercise might seem cumbersome today, but it is very effective. Today, some apps can help you track your expenses. Do some research to find one that works well and is easy to use.
  1. Create a budget and stick to it. When you can’t afford monthly expenses, it’s essential to create a budget. Making a budget will help you know how much money you can spend on bills and other expenses.
  • Many free budgeting software programs can help you keep track of your spending habits and create a plan for the future that you can follow.
  1. Review all subscriptions and cut unnecessary ones out. Many people have monthly subscriptions for various services and products, which may or may not be helpful to them. But sticking with a monthly subscription without questioning whether it’s valid or not is practically throwing money away.
  • It’s essential to determine whether a subscription service is valuable to you before committing to it for an extended period. Reviews from others (such as on Amazon) may help. In some cases, you might find that a subscription service isn’t worth your monthly payment after all.
  • Alternatively, ask yourself: Do I need this subscription? Do I use this subscription enough times to justify the cost? Can I survive without this subscription? After a careful analysis, you might find that certain subscriptions are nice to have but not necessary. Unsubscribe.
  • You might think a subscription costs a measly amount of money. But it quickly adds up.
  • Use this same process on other expenses too. Using this simple concept of eliminating an unnecessary expense can help you save a significant amount of money, which you can then use to pay off debt and cover other expenses.

Managing your expenses helps you to maintain a healthier financial lifestyle and raise your happiness levels. You might need the willpower to make effective changes, but the results are worth it.

Thinking about the present day with your finances is important, but also look at the bigger picture. Even minor improvements can help you to get back in the black on your expenses and achieve your goals.

Is your career dragging you down?  Are you spending too much time on your practice and not enough time on your own life?  Are you ready to give up on your medical career? Don’t give up! Instead, get smart! Go to


As one of the nation’s most acclaimed OB/GYN physicians and surgeons, Board-certified Obstetrician and Gynecologist Dr. Drai is also a nationally recognized best-selling author, speaker, medical business consultant and media personality. Dr. Drai is also Founder and Chief Medical Advisor of and shares his medical knowledge via YouTube channel “Medical T.” With his credentials, acclaimed larger-than-life “bedside manner,” it’s no wonder that the doctor is renowned as “America's OBGYN.” Known for his big personality and business acumen, Dr. Drai has turned his wisdom into an online training program such as “Medical Moguls Academy” where he coaches doctors how to monetize their medical expertise and turn their purpose into profit. Transitioning from academic medicine to boutique medicine, Dr. Drai is the owner of Amare Concierge, the new standard of healthcare for women.

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