For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So lets focus on the top priorities, expecially things that will bring more Money.
When I see this line of thought, it simply remind me how people are oblivious of the main problem confronting majority of people especially in third world countries and that is people are heavily underemployed. In most of these countries, salaries for graduate job is hardly even enough to meet basic needs, in such situation how do you cut down expenses? Do you want to starve or sleep on the street? I know some countries where the minimum wage cannot afford a bag of rice even without the other ingredients needed to prepare the meal. The economic situation in most countries is terrible, the reason people are massively migrating to Europe and the US. I think the international community must urgently work out a universal survival consensus where all politicians must be forced to sign so that when they assume office, that will be their template. It has become imperative to adopt this method because economic crisis in any country of the world have direct impact on other countries.