Does living smaller mean having to give up things (such as replacing socks with holes)? The majority of Americans can take simpler steps. For example, buy larger containers. So, I'm a young post-college student trying to save as much money as I can and most of my friends make wages that are barely double the federal poverty line and we're in the Boston area. So, we buy as large a container as we can to save money. Wh…
Buying a 2-liter and a reusable glass isn't worth much if your lead foot is costing you $200 extra a month in gas.
(Incidentally, I'm not tossing in the "just like optimizing code" thing as a sop to the audience; the optimization loop 1. Find biggest problem 2. Solve biggest problem 3. Repeat as needed (and no more) is generally useful in many situations.)
Analysis will almost certainly reveal some expenditures and things that are surprisingly expensive, but will probably also show there are some niceties that don't actually have anywhere near as much impact as you might think at first. For instance, I tend to buy the nicer spices; sure, they may look twice as expensive but it may be worth 1 penny more per meal (for instance).