Reduce: Driving

Another difficult one, especially if you have got kids, live in the country or need to use your car for work. But, as you'll no doubt have gathered by now, living the simple life often means a little more personal inconvenience - and sometimes not just a little!

The financial benefits of giving up the car are obvious - it is often the most costly item most people use on a regular basis. No car means not paying insurance, tax, repairs, fuel, parking costs - all of which would make a substantial saving. Even if you can't give up the car are there ways to use it less - do you need to drive everywhere? Do you need to change your car as frequently as you do? Could you go for a used car or a smaller, more fuel efficient car?

Cars pollute the air we breathe and destroy our health and our living spaces for the sake of convenience. Do you really, really need it? Could you not walk or use a bike (a new bike + accessories would only set you back £250-£300 - a lot less if you get a good 2nd hand machine)?

Doing without the car would force you to get more exercise. If you are an urban dweller there is likely to be plenty of public transport options that will often get you to where you want to go faster than private transport. Ever considered carpooling? Givingg up the car is a big step and most people try to hold on as long as possible but think of the savings in terms of money, health and environment.