Skip to content
-
Subscribe to our newsletter & never miss our best posts. Subscribe Now!
FrankNez About FrankNez FrankNez

Journalism & News

FrankNez About FrankNez FrankNez

Journalism & News

  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
Will AMC Shareholders Ever Make Their Money Back
May 31, 2026
Will AMC Shareholders Ever Make Their Money Back?
AMC Stock News - CEO Adam Aron Buys Shares - FrankNez AMC News
May 19, 2026
AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
Goldman Sachs Lawyer Kathy Ruemmler Resigns amid Epstein files
February 14, 2026
A Former FINRA Board Member Now Resigns from Goldman After Epstein Email Embarrassment
House Financial Services Committee SEC Chair Paul Atkins Hearing
February 11, 2026
House Financial Services Committee Says SEC Politicized Rulemaking During Gensler’s Tenure
Short Sellers Have Now Lost a Whopping $355bn
July 24, 2025
Short Sellers Have Now Lost a Whopping $355bn
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX
July 21, 2025
Cramer Now Speaks on AMC Amid Bullish IMAX Bet
AMC Now Soars 11%, Is A Short Squeeze Imminent?
July 11, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?
News - AI Is Now Slashing More Jobs At Hiring Companies
July 10, 2025
AI Is Now Slashing More Jobs At Hiring Companies
Home/Blog/5 Luxuries to Cut When Money Gets Tight (Not Netflix)
5 Luxuries to Cut When Money Gets Tight

5 Luxuries to Cut When Money Gets Tight (Not Netflix)

By Frank Nez
May 10, 2026
0

When money gets tight, it’s time to take some cost-cutting measures.

Whether a secondary income was lost, business is down, an industry is going through a temporary lull, or unexpected expenses have slipped through the cracks, cutting certain luxuries will keep you afloat.

Here are 5 luxuries to cut when money gets tight.

#1. Food Delivery Services

If you’re like me, you love the convenience of food delivery services, whether it be your groceries or any meal throughout the day.

Food deliveries streamline your day, allowing you to get more done while someone else shops for you or gathers your food.

However, food delivery services are quite pricy and can take a toll on your wallet if kept unchecked.

When money gets tight, you’ll want to cut these services immediately.

Going to the grocery store and going through the drive-thru will become a new norm again, even if it’s only temporary until your discretionary income goes up again.

Did you know that using DoorDash is significantly more expensive than not using it, typically costing 40% to 91% more than ordering directly from a restaurant?

A $12 meal can easily become a $30+ order due to inflated menu prices (10% – 30% higher), service fees, delivery fees, and driver tips.

#2. Mobile Car Detailing

Mobile car detailing services are awesome.

They show up to your house, they know exactly what package you need for your vehicles, saving you time and allowing you to get things done at home.

However, there is a cost to these premium services.

When money gets tight, opt in for a drive-thru car wash ($10 – $15) or handwash from home (free).

A simple basic carwash with tire dressing, and interior vacuum, on both my cars for example costs $70.

It’s more cost efficient to take a car through the drive-thru, bring it back to the garage, clean off any excess water spots, do the tire dressing and vacuum myself, saving $600 – $1,200 annually.

Then there’s the option of washing it yourself at home.

#3. Downgrade Your Car Note

Speaking of cars, it might be the reasonable thing to downgrade your car note for something much more affordable.

If you owe money on your car, but have equity in it, you have leverage.

Frank Nez's BMW M4 Competition
Frank Nez’s BMW M4 Competition

I was paying $1,550 per month for my 2024 BMW M4 Competition. The only reason I gave myself this luxury is because I was earning upwards of $40K – $70K per month at the time.

However, when the landscape changed, I had to pivot and opt-in for something more reasonable given the changes I was experiencing.

Thankfully, I had equity of just under $10K. I sold the car, had additional liquid capital in my bank account, and found an incredible X3 for nearly three quarters less of what I was paying for my sports car.

When money gets tight, identify how you can get another great set of wheels at a fraction of what you’re currently paying.

#4. Revisit Your Subscriptions

When money gets tight, revisit your subscriptions and cancel memberships you don’t actively use.

It doesn’t mean you have to cancel Netflix, but if you have other subscriptions charging you monthly passively without you knowing (or using those services), cancel them immediately.

A $10 – $15 hidden monthly subscription fee can save you $120 – $180 annually alone, and that’s only one subscription, imagine having four.

That’s $480 – $720 per year! Money you can be investing in stocks, mutual funds, a money market account, or into starting a new side hustle.

When my digital business asset was hit by a changing landscape, I had to remove not only business subscriptions and add-ons, but also personal memberships I could live without temporarily.

#5. Credit Card Spendings

This one might be hard for most Americans, given that approximately 216 to 217 million American adults (roughly 81% of the adult population) own at least one credit card as of late 2025/early 2026, according to Academy Bank.

It’s easy to swipe for a simple want while out at the stores, but this compounds over time leading to a growing debt ball.

When money gets tight, pay off your credit card completely if you’re able to and refrain from using it for consumer purchases.

Keeping it active for fuel or smaller ticket spendings to work on and increase your credit score is completely fine.

If you can’t pay off your credit card, keep making payments on it, but refrain from further growing your debt.

You’ll find you might actually be spending more money on unnecessary things than you were aware about!

You can read more about personal finance and investing here.

Tags:

BloggingCredit ScoreFinanceMoney
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
How I built my credit score to 830
Previous

Here’s How My Credit Score Skyrocketed to 830 by Age 30

Sports Betting Guest Post
Next

The Crossover: Why Sports Betting Is the New Self-Directed Trading

No Comment! Be the first one.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEW POSTS

  • Will AMC Shareholders Ever Make Their Money Back
    Will AMC Shareholders Ever Make Their Money Back?
  • What it's like to drive a BMW X3
    What It’s Like to Drive and Live With a G01 BMW X3
  • UFO Files Now Spark End of Times Biblical Speculations
    UFO Files Now Spark “End of Times” Biblical Speculations
  • AMC Stock News - CEO Adam Aron Buys Shares - FrankNez AMC News
    AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
  • Red Ferrari by other luxury supercars.
    Defeat and Failure Are Not The Same Thing
Unlock your personal brand ebook

Trending Market News 📈

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025
News - Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a financial news blog founded by American Journalist Frank Nez.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Will AMC Shareholders Ever Make Their Money Back?
  • What It’s Like to Drive and Live With a G01 BMW X3
  • AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
  • Defeat and Failure Are Not The Same Thing
  • Here’s How Our Small Business Made 5-Figures in 90 Days

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved. Blogsy WordPress Theme