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The "Step-Down Principle" of Reducing ExpensesAlena Johnson
The step-down principle is an easy way to reduce expenses, and you can use the savings to build up your family's emergency fund. Alena Johnson, an accredited financial counselor, teacher, and co-director of the financial counseling center at Utah State University in Logan, explains how the step-down principle works and provides some moneysaving examples to help you get started.