Live below your means is to cut your expenses and expand your income.  Living below your means is spending less than you earn, saving some of your income and having no debt that lets you financially secured.

When you live below your means it gives you the chance to expand your means by having enough funds to achieve your goals, you will live a comfortable life and not an extravagant lifestyle. Do not spend to show-off and stop thinking wealth is measured in material possession. Manage your money wisely so your money does not control you.

Living below your means helps you develop the ability to save money. Savings provide you with a cash reserve that enables you to resolve financial issue in hard times, and to do so without worry.  It’s definitely a case of delayed gratification where you use the savings to buy investments or start a side hustle. Now you might be thinking I work hard for the money I earn; don’t I deserve to spend it? You deserve to but many of us take it to an extreme by spending beyond their salary and incurring debt.

When you have more money in your savings with little or no debt, you’ll worry less and sleep better at night. You’ll probably even work more efficiently at your job, because you won’t worry about paying your bills.


  1. Know how much you make.
  2. Spend less money than you bring in.
  3. Boost your income.
  4. Save up for what you want to buy than collect it on credit.
  5. Have an emergency fund.


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64 Responses to LIVE BELOW YOUR MEANS (PART 1)

  1. mbrandi97 says:

    This is something my husband and I have been doing lately. When we first got married, we had to figure out how our finances were going to work together, and it took us a long time to get used to living below our means. Thanks for sharing!

  2. my husband and i have really been working on this… it’s so important. great tips!

  3. Great advice! So many people try to keep up with the Joneses and get into financial trouble! Good post!!

  4. Marienne says:

    Very informative and helpful post!

  5. I have always done well with this, which has come in very handy when things come up and I need quick money – it’s always there just in case!

  6. Great post very informative thanks for sharing

  7. hdiakandru says:

    Great concept! People are usually surprised at how easy it is to save!

  8. Alexander Popkov says:

    Well, agree and disagree. If you are living a calm life – those 5 pieces of advice are very good. But I would argue that instead of all 5 you can do only number 3 with fife time bigger effort.

  9. Ashley says:

    This is great! My husband and I really need to practice this!

  10. stratmann2 says:

    This is great :)) I need to practice this with my husband 🙂 Like the why you ride it down 🙂 With Love Jasmin

  11. Mr Tony says:

    Nice post

  12. Some very good tips here. I do agree with most of them for most situations. Some I am more leaning on the fence. 🙂

  13. Vox says:

    I love the idea. In fact, I am trying to do better. But I am just getting to the concept of simply not spending all that we make and having some savings. Our next step is to try to trim that down to live a life less burdened with financial obligations. Thanks for reminding me of some of the financial goals I have set for our family.

  14. Godleads says:

    U have just painted the walls with good advice, its a challenge that we must all take. Its a worthwhile sacrifice that produces success. Its an investment that yields a lot more gain…
    Thanks great blogger, more grace

  15. Simple, solid and sensible advice. Unfortunately far too many cannot live by it. Thanks for recent visit to my blog.

  16. Esha says:

    Well written

  17. thenafranssen says:

    It’s hard to live frugally, but so important. Great post!

  18. ansh997x says:

    Loved the writeup

  19. oussama AKSAS says:

    great post bro

  20. engrreginald says:

    Wow…..this is one of the best article I have read in this month of October. Your wisdom is wonderful. Thanks for sharing.

  21. engrreginald says:

    I will love to share this article on one of my post on in other to give my fans access to this article

  22. sunkyade says:

    Simple and Brilliant.

  23. Allena says:

    Seems simple, but is so hard. We recently went on a fiscal fast to get ourselves back in order.

  24. Charity says:

    This is something my husband and I do! We had recently fallen off track with some big events this summer and we’re both feeling the strain. We are back on track and feeling more secure because of it. Thank you for the reminder!

  25. Pingback: Lunefashion won the Blogger Recognition Award: my nominees | lunefashion

  26. I needed this post. I’ve read both parts, and I really liked the tip about not competing with others. As a fashion blogger, it is so hard to resist purchasing items to stay competitive with other bloggers in my niche. I really need to be more fiscally responsible. Sharing and bookmarking this post.

    Amber S. |

  27. BeMarie says:

    i’m trying to live below my means. In the beginning it’s quite hard but now it’s just a regular thing to do

  28. tachiwi says:

    I have honestly found half of these things to hard to do in the past because I never seemed to make enough money and I had a huge debt to pay off . Now that it is way less I can focus on these things more and work towards financial freedom

  29. This has been us lately.

  30. Very wise words, sadly most choose to live above their means.

  31. Jillian says:

    Great tips! I’m an ex-financial advisor and these are spot on!

  32. BonfireMom says:

    Some really good advice there!

  33. Chander_Ajay says:

    That’s really a notable point. Thanks for saying these

  34. thetraveller says:

    Sorry me great pointers and could be put into practise. Thanks for the great information. Keep it up.

  35. Wendi says:

    These are great tips. It’s definitely a lifestyle change to live below your means, but it’s worth it! Thanks for writing to help others achieve financial success!

  36. abdul samad says:

    Very useful article

  37. Kyla Matton Osborne says:

    If you have enough money to afford an investment or side hustle start-up, that’s a very good way to go. Especially when you’re in your 20s, a small investment can make a very big difference later in life.

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