Cutting back on expenditure is a common way to ECONOMISE. It involves reducing the amount of money spent on goods and services, which can help to save money in the long run. This can be done by cutting out unnecessary expenses, such as eating out or buying luxury items, and by finding cheaper alternatives for necessary items. It can also involve reducing the amount of energy used in the home, such as turning off lights and appliances when not in use. By cutting back on expenditure, individuals and businesses can save money and become more financially secure.