Finding hidden places in your budget to skimp even on a few dollars here and there can feel like a daunting task. The expenses of running your household, paying off any outstanding debt and, dare we say, having some fun can accumulate quickly. The cost of living ain't cheap. 

But saving money each month is actually easily accomplished when consumers break down their spending habits and are willing to forgo some of their frivolities. Taking a holistic view of your spending habits helps you identify areas where you could afford to cut back. 

Accumulating $200 in savings by merely cutting out $50 a week is a goal consumers can attain without making large sacrifices. Sure, it takes work, but it's a realizable goal that folks can achieve with just a little disciple. And though seemingly insignificant, the money saved can help pay down credit cards or student loans, go toward a downpayment for a car or a house, increase contributions to a 401(k) plan or IRA account.

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Editors' pick: Originally published June 6.