Yahoo Finance

People have struck it rich by launching social media startups, inspiring wildly successful crowdfunding campaigns and writing wizard-themed best-selling books. But, most successful people have far more boring backstories of accumulating wealth through savvy spending and smart saving strategies.

Aside from the occasional indulgence, most financially successful people keep a close eye on their budgets and bank balances. They rarely waste money on goods and services that don’t offer much in return.

Click through to learn which items to cut from your budget, and get expert tips on how to manage your money better.