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Amazing Tips and Tricks You Can Try To Live Within Your Means

With the economy doing well in the past couple of months, a lot of people got the chance to be able to live a comfortable life that most people don’t need to worry about making the ends meet. This holiday season a huge percentage of Americans spent over a thousand dollars of Thanksgiving sale alone, not including how much they have spent on other holiday related things.

That is why experts believe that there are a lot of people who are living beyond their means and the good economy and holiday season are usually their excuses to spend so much. However, there are still a lot of people who don’t realize that they’re already spending way out of a budget. Here are a couple of signs that may want to watch out for and if you already are, there are also things that you can do to start living within your means.

Major Signs You’re Not Living Within Your Means

One of the most common and most obvious sign that you’re not living within your means is the fact that you haven’t got any savings or haven’t been saving that much despite how much you earn. Basically, if you know that you’re spending about 95 percent of your income either means that you are not earning enough to pay for what you need or you are earning enough to spend it on both your needs and wants.

It is very important to have saved even if you have insurance on everything, at least 10 percent of your income will be enough and then you can save more from there. This also means that you have no emergency funds, which is literally one of the most important things to have.

You may not know what is going to happen in the next couple of months in case you lose your job or if the economy suddenly fails. You don’t have that kind of security that you’ll be able to get by in a few months of not having an income because you’re not saving for it. Keep in mind that saving money is not just something that you can spend on a certain thing that you want just like an expensive car or going to your dream destination.

Another massive sign that you’re not living within your means is that fact that you basically use your credit card most of the time and you have more than two under your name. Using your credit card all the time means that you don’t have any money to spend since you’re relying on borrowing money then paying for it afterward with your salary. This is something that can be so dangerous since you can always splurge by simply swiping your card and once your bill comes, then that’s the time that you’d have to worry.

Tips and Tricks To Try

Some working adults nowadays refer to this situation as YOLO or you only live once and so not living with your means is absolutely fine because you have to live in the moment and not worry about the future as if it is promised. It may sound so great but it is reality, it is just way too risky. The very first thing you must do is to open your eyes and mind to change your ways. There is nothing wrong with living the moment, but at the same time, there is nothing wrong with ensuring the security of your financial life in the next few months or years.


Changing your spending habits is one of the biggest steps that you may take, it is also one of the most significant ones since it will totally change your life.
Try setting a certain budget for yourself every week or every month, be sure to stick to it since it is for your own well-being after all. This way you can control what you think you need to spend on instead of just wasting your money on things that aren’t necessary and you might not even want for the long run. The obvious sign that you’re starting to learn to live within your means is when you are no longer putting every single penny that you earn to your credit card bills.

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