We might be tempted to swipe that shiny plastic card to pay for things out of our reach, but we should keep those temptations at bay and learn to live within our means.
We all want the best for ourselves. We want the best house for our family. We want the best schools for our children. We might even want the best food for our pets. However, if we do not watch our spending and live beyond our means, be in for a world of trouble.
However , we should not sacrifice all the luxuries of life to save a few extra bills. We all deserve a little splurging now and then, you know. We need to learn and practiceliving within our means. If you want to do start living within your budget, you will need to do a few things:
Track your income and spending
Your income is your means to spend for your everyday needs like food, water, transportation bills, rent, and utilities. It also helps you pay for your wants in life like a new bag, a vacation with the family, and even a new car. But again, we need to stay within our means. And to do that, we need to stick to a budget.
You will need to list your daily, weekly, or monthly income and work with that — no need to spend above what you make. You are only asking for trouble if you do so.
Find cheaper alternatives
Your income is yours, and what you do with it is entirely up to you. Do you want that new dress that you have been eyeing for quite some time now? Then go for it! Do you need that laptop for when college starts next year? You should buy it. But before you head to the store, there might be cheaper alternatives out there.
Most of the time, the things you want in the store will have cheaper alternatives. For example, you can find a secondhand bargain in a store that sells Skoda used cars. Unless you must get that specific item, you will have a better chance of saving money by choosing the cheaper alternative. You get to live within your means by avoiding expensive things.
Save for your purchases
If you really want something but it is financially out of reach, do not give in to the temptation. Learn to save for the things that you want instead of relying on loans and your credit card. The quick fix will probably not be worth it once you see the bill come in your mail. Plus, you might have the same idea for your other needs and wants. You might be paying more every month due to your lack of financial planning.
Everybody deserves to live their life the way they want it. Everybody deserves to experience the luxury and fun that life has to offer. However, not everybody has the funds to do so. But do not lose hope. As long as you learn to live within your means, you can live comfortably with your given wages.