19 August 2011

Start living below your means

Everyone who wants to save money has heard that they need to live within their means. Well that's not quite right. If you want to save money you need to live beneath your means! Living beyond your means can be a very expensive endeavour and one that leads some people to financial ruin. Learning to live with what you have is an important step in making yourself more secure financially. A plasma screen TV is great, but only if you can truly afford it. When you are considering making a large purchase, think about how many hours you will have to work to pay for the item.  Expensive items might require an entire month of work to pay for. Is? Learn to overcome the temptation to buy things you can’t afford and you’ll appreciate it later when you are living debt free, cashed up and laughing.

1 comment:

  1. Very true Cath! I am getting serious this year, am sick of hubby's excuses! Will make us both more accountable and will prepare a visual cue to record savings and how much paid off mortgage!


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