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Wondering which expenses to cut from your budget when your kids move out of the family home? Read on to learn nine money-saving tips from seasoned finance experts.If your kids have moved out of the family home, this may also be a good time to boot them from the family phone plan, says."If adult children are financially independent, it might be time to transition them to their own cell phone plans instead of paying for a family plan," he says.
"Now that your kids have moved out, you can cut down on these subscriptions and save yourself some cash each month," says Grigoriev.If you've spent the last few decades giving your children generous holiday gifts, it can become a tough habit to break. However,"In my opinion, when kids leave home and start earning, the dynamics of gift-giving should evolve," Merry says.