Living Below Your Means


The concept of living below your means has gained more popularity in recent years as more people are trying to balance their debt and their decreased income level. While this may not sound like an exciting way to live, especially to people who don’t like restrictions on their spending, it can provide pretty significant benefits that may surprise you.

Put simply living below your means is defined as spending less than you earn. Another way to put it is earning more than you spend. For some people focusing on earning more than they spend makes this concept easier to follow. For people with a frugal nature the idea of spending less is the more natural way to approach this. Chose the approach that feels more natural to you to help ensure greater success.

A Matter Of Perspective

To some people the thought of living below their means sounds like denial and sacrifice, but it doesn’t have to be this way if you have the right perspective. By slowly shifting your perspective you may start to appreciate new things and realize you don’t miss the old way of living.

Having too much stuff can clutter your life, your home and your mind. This clutter can add more stress to your life. All of this stuff has to be maintained or stored somewhere. Sometimes just handling all the stuff can create more work and expense. By focusing on what you really need and what you really enjoy, you may find you need less. You may even discover you enjoy the things you already have more.

I’ve known people who buy what they want when they want it. Often times a new item isn’t that exciting to them because it is just one of many things in their collection of things. On the other hand people who are more deliberate and thoughtful about their purchases often appreciate and enjoy the items they decide to purchase. So even though they are spending less they are happier in some ways.

If you learn how to spend less it may mean you don’t need to work as much or that you don’t need such a stressful job to keep up with your spending habits. Being able to work less or have a less stressful job can provide significant benefits and improve your quality of life. For example, you’ll be able to spend more time with your family or on your hobby.

How To Start Living Below Your Means

If you need to make some changes to start living below your means here are a few things you can do. Start by removing temptations. Don’t go to the mall or the electronics store; instead go for a walk, work on a fun project or invite a friend over for lunch. Find more productive ways to spend your time.

Stop worrying about what other people have and enjoy what you have. It’s human nature to be competitive, but trying to keep up with the Jones’ is a sure way to crush your satisfaction if you’re trying to live below your means. Instead focus on the positive aspects of your life whether that means your relationships or a couple of your prized possessions.

If you’re not used to living below your means it may take a little time to adjust to this new way of life, but as you slowly make changes you will start to appreciate the benefits of this lifestyle. Besides living below your means now may mean you don’t have to sacrifice later. It’s a good feeling to have money in the bank when unexpected expenses come your way.

This post was written by

jason – who has written posts on Budget Clowns.
Father of three and married to a lovely women. Always looking for ways to save money, and invest it properly for my children's future.

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