Your definition of what's necessary has evolved
Three months ago, you might have been reluctant to cut the weekly date night out of your budget. Or you might have argued that the annual beach vacation was a necessary improvement to your quality of life. And you wouldn't be wrong -- budgeted indulgences can support your overall well-being.
After a few weeks on lockdown, though, your priorities may have changed. Now, you might crave casual dinners at home with friends or a stroll through a nearby museum. If you can hold on to that deeper appreciation for the simpler things, you stand to free up a lot of cash in your budget going forward.
Try keeping a journal on your changing priorities. Reflect on what's truly necessary in your life and how that affects your spending decisions.