It is a series of 8 articles, each of which provides practical advice and guidance towards effective management of personal finances. The first article provides guidance towards realizing a person’s financial and debt situation. Understanding where the money goes is the basis for dealing with cost cutting and better financial performance in the long run. The second article addresses the issue of lowering everyday expenses. The article suggests that daily expenses is a matter of lifestyle and shows that slight changes in everyday habits can dramatically save someone’s budget. The third article deals with shopping expenses. It provides ideas of lowering the cost of shopping at the supermarket, buying clothes and outfit costs and other minor items’ shopping. The fourth article addresses communication costs. The article provides some practical information that allows for cutting telephone and internet costs without sacrificing your communication with family and friends. The fifth article provides useful ideas on lowering home bills by smart and environment-friendly ways of using energy in all forms. The sixth article suggests cost-effective ways of gaining life-long education as well as ideas on cutting costs while retaining a high level of social interaction. The seventh article deals with credit cards’ and loans. The article provides useful hints of debt adjustment. Finally, the last article of the series provides some general tips on cost cutting that relates to extra income, taxes, and financial planning.