Savings more or earning more is the way forward? Some say it's savings more, some say it's earning more and some say both are important. To me, I think the sequence is more important. I think if you're having a fixed pay where your income is fixed, then there's nothing else you can do to increase it. If you want to save more, then you have to cut your spending. The savings equation is very simple; Savings = Income - Expenses. Cutting expenses is the least disruptive way towards saving more. Here's where the needs and wants are segregated, and you want to reduce frivolous expenses down to a minimum. But there's only so much you can cut once you've tried. Without going down the cheapskate route, being frugal still means having to eat food and having a shelter above your head when you sleep at night. There's also so ......