Three Strategies for Living High Beneath Your Means


In spite of what many people think, financial freedom is about much more than just the number of dollars you bring home every month. The trick is to learn more about managing your earnings and making appropriate cuts in your spending habits. Another expression for this type of lifestyle is that you are living a simple lifestyle that does not require a lot of luxurious items or living “beneath your means.”

In the following text, you will discover a few ways you can live below your means in order to establish a savings account. The following suggestions offer savvy and relatively painless ways of cutting back on some totally unnecessary expenditures.

Think about the following tips:

  1. Learn to curb your desire to buy expensive products.
    You’ll only end up broke if you constantly try to impress or outshine your wealthier pals and colleagues. Stop trying to outdo them with the newest “toys” and the priciest possessions.

    • Once you eliminate the competitiveness from your mind, you will be able to cut the fat from your budget much more effectively.
    • If you smoke cigarettes, give them up today. If you are not interested in improving your general health, quit because you will end up saving a lot more money. In a state with high taxes on cigarettes, a premium brand may easily wind up costing $10 per pack. If you currently smoke a pack of cigarettes every day, you may end up saving as much as $300 every month by simply putting an end to this destructive habit.
    • Save money in any way you can devise. As long as the car you are currently driving gets you where you need to go, then you will not need a vehicle upgrade. If you think your older home needs a complete remodeling job, you may find that you can buy inexpensive items that help you to redecorate your house without the help of an expensive contractor.
  2. Make changes in your grocery budget that enable you to save money.
    Coupons are a great asset for saving money on the grocery bill, though they are not the only way to do it. You simply need to pay attention to prices of items you buy. One can feed a family of four a high quality meal for under $10.

    • Avoid shopping for food on an empty stomach or if you did not receive enough sleep on the previous night.
    • Start making budget-friendly spaghetti or chili a few times a week to cut your grocery bill. These nutritious meals will provide your family with variety, and everyone will feel completely satisfied after eating these hearty dinners. The best thing is that you are going to save a lot of extra cash!
  3. Make sure that saving money is at the top of your list.
    Saving money is not an option. This will be needed during a financial emergency, which is something everyone will experience in one form or another. Regard it in the same way that you look at your other bills. Put this, along with all of your other bills, inside of your budget workbook. Did you take the time to create a budget workbook?

    • Break up your budget workbook into sections that match the days when you receive your paychecks. For a family with two incomes wanting to save $800 monthly, each would need to save $100 per week. You only need to save $50 a week in order to attain a goal of $400. Savings goals are not nearly as overwhelming when they are broken down into more manageable figures.
    • Find another extra revenue source or pare your expenses further down if you can’t afford to put money away right now. You can always find a way to deposit money into your savings account as long as you have the ability to eliminate items and services you don’t really need.
    • Include “spending money” for fun activities in your budget. When you budget a predetermined amount for extra unnecessary shopping trips and entertainment, there will be no shop till you drop. As soon as the money is gone, your spree is over.
  4. You can meet your budget every month without making a drastic lifestyle shift. Just because you have the money sometimes, it doesn’t mean that you should spend it all. Your savings will mount quickly each month once you start making these easy spending cuts.



About Exceptional People Magazine

Exceptional People Magazine is where self empowerment, hope and inspiration happen. I’m Monica Davis the founder of Exceptional People Magazine and my mission is to enhance the quality of life of all people by promoting goodwill, unity and better living through positive media. Through this magazine you will be inspired to reach new heights.

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