How I reduced my monthly costs 6-fold. A decade ago my monthly costs were £3000, now they are £500. How did I do it? Back then I supported a wife and two teenagers. The teenagers went to college, then got jobs, and became self-sufficient. I aggressively reduced the family budget. A few years ago my wife and I separated(the two are not related, BTW).

We sold the family home and I bought a small apartment. I sold the big car and bought a small, inexpensive model. I paid off all loans — house, car, everything. No debts. Then I aggressively shopped for low-cost services. Mobile phone service — £8 a month. Cancelled Sky and now use Freeview (zero monthly…