Career / Business & Finances Daily Dose of Inspiration

7 Ways to Live Within Your Means

Living within your means is an essential skill for financial stability and long-term success. Here are 7 ways I live within my means I hope you’ll find useful:

  1. Create a budget: Start by creating a monthly budget that outlines your income and expenses. This will help you identify areas where you can cut back on expenses and allocate your resources more effectively. CHECK OUT: 10 Practical Budgeting Tips
  2. Track your spending: Keep track of your spending to ensure you stay within your budget. Use a spreadsheet or a budgeting app to monitor your spending habits and identify areas where you can cut back.
  3. Prioritise your spending: Focus on spending money on the things that matter most to you. This means allocating a larger portion of your budget to essential expenses such as housing, food, and healthcare while cutting back on discretionary expenses such as entertainment and shopping. CHECK OUT: The 50/30/20 Spending Plan
  4. Avoid debt: Debt can quickly spiral out of control and put you in a difficult financial position. To avoid debt, try to live below your means and only borrow money when it is absolutely necessary.
  5. Build an emergency fund: Start building an emergency fund to cover unexpected expenses such as car repairs or medical bills. Aim to save three to six months’ worth of living expenses in case of emergencies. CHECK OUT: 7 Ways to Build an Emergency Fund
  6. Look for ways to save money: Look for ways to save money on everyday expenses. For example, consider buying generic brands instead of name-brand products, and take advantage of sales and discounts. CHECK OUT: Some of my Favourite Money Saving Tips
  7. Invest in your future: Consider investing in your future by saving for retirement or furthering your education. This will help you achieve your long-term financial goals and ensure you can continue to live within your means in the years to come. CHECK OUT: Working towards Creating My Ideal Lifestyle, not Retirement


I am Kiran and I'm a Lifestyle Coach, Podcast Host, Vegetarian Nutritionist, NLP Master Practitioner, Author and an Interior Designer.

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