below your means

People are trapped in jobs they don’t like because they depend fully on the level of income, if you can live on less than you earn, you can plan ahead and think of what to dabble into.
A lot of people are in debt because they don’t save money. But if you live below your means, you will always be putting money into savings, because that’s what you should do with money that you don’t spend. A good saver can achieve set goals for himself and won’t have to being in debt to achieve the goal to a large extent.
As you live below your means, you will have enough money to enter into your side hustle. This will give you the time to plan and organize yourself and know what it cost to enter into your side business.
When you avoid the mall, there are chances that you will avoid IMPULSE BUYING; buying things you don’t need, they trap you by drawing your attention. Even if you don’t buy at that point in time your mind has captured it and you will be back in a very short time to buy it even if you have to be in debt to buy it.
Buy all you need in cash than your ATM card because you incur more charges and the ATM card don’t really look like money and you use it for most of your transaction.
You can always get the best deal before buying anything if you price that particular product in 4-5 places you will get a better price and cut down your cost.
You will have enough to invest into long term investments that pay-off and yield more income like bond, stocks, mutual funds and so forth.
If you take the time and patience to set yourself up properly when things take a turn for the worse, you will be prepared to handle it. If you live above your means and when the slightest financial woes occur, you might likely be in debt.
Comparing yourself to others makes you want to acquire things you don’t need and incur debt.
To stay within your budget, look around for other sources of entertainment. Instead of buying books most times, borrow them from the library or download from internet. Instead of going out to the movies most times, rent a movie or download from the internet Instead of buying an album, download from the internet.
living below your means is the road to financial freedom whatever your income level may be, you will worry less and sleep well at night. you will be a little efficient at work. Anyone who lived from paycheck to paycheck to a life of financial freedom will tell you what he/she sailed through to financial freedom.











RAWLINGS BLOG is about finance, business, short-stories, technology, biography,motivation and personal development. FB: Rawlings okpaloafe twitter:Rawlingsunday watsapp:+2347011832778
This entry was posted in Uncategorized. Bookmark the permalink.


  1. All good advice! We did something similar and paid off $70k of student, wedding, and car debt in just 4 years (12 years ago now) and have been living debt free ever since.
    – Christine

  2. Antonia says:

    Thanks for sharing your thoughts here!! 👌

  3. daraward15 says:

    It’s always nice to be reminded of these things! Good post!

  4. thequeenmomma says:

    Wowww very insightful!👌🏻

  5. Ghyoneka says:

    Great article there

  6. Funmi says:

    Omg! I needed this post! Lots of lessons learned today esp avoid the malls.

  7. Kerry Smith says:

    When making a big purchase, always do your research. Home repairs? Get at least 3 bids. Shopping for furniture? Consider shopping online yard sale groups. You can always steam clean upholstery if you find a great deal. There are so many ways to save. The main thing is to take your time making purchases.

  8. Love this! People don’t understand that sometimes it isn’t about simply making more, but cutting back! Great mindset.

  9. cartaddon says:

    people always need to be reminded of this.
    even myself. ive been telling all my grownup kids to live below their means.

  10. Sodiq says:

    I totally agree with your points sir

  11. Buying with cash is such an important point- I rarely go out with cash and sometimes my spending is reckless lol! Definitely going to try this! Great post!

  12. Yes, you need to have discipline and good values from your family!

  13. ryan says:

    Great pointers. Saving is definitely something you have to commit to…because it isn’t much fun! Important to do though

  14. Great , practical advice. In this materialistic world, it is so easy to get swayed by the next new thing. If we are slightly disciplined and realistic, we can have such a happy life – within our means !

  15. Some really good advice here, especially on cutting back. I could take some lessons in that myself. And I’m all for paying cash because let me tell you, I have a more difficult time parting with it than I do swiping the credit card. Great post!

  16. pamjammer says:

    As I am struggling with a new change in life, this post is so valuable to me right now. We have been trying to pay with cash and only buy the necessities rather than things that we don’t need. It was working nicely for a month; but we have to do it longer. I also want to live on one income so this is a helpful blog post for me. Thank you for sharing!

  17. Have you read The Total Money Makeover by Dave Ramsey? EXCELLENT book!!

  18. Great post and great tips. I also find buying with cash to be more effective on me and easier to acknowledge how much I spend rather than using a credit card.

  19. So true. We don’t have tv, budget every penny, and still are happy 🙂

  20. What great post! Our family is a big saver…or I am! Its easy because we are natire lover so we basically skip the mall and go out hiking and bringing picnic with us. We most of the time buy our clothes and thing on second hands. We rather have friends over for dinner than to spend a lot of money on restaurant ect. Why we are doing this? We love to spend money on experiences so we are saving money for our third round the world trip!

  21. engrreginald says:

    I so much agreed with you, recently I spoke to a friend of mine who is a worker, his salary in a month is over 60k, but before the end of the month, the guy is already in debt spending more that his income ….. This is very bad habit majority of people have found themselves into and the truth remains that, it is the major reasons so many have not been able to achieve anything in life.
    I love your articles, you have a good and powerful talents. Keep the good work bro

  22. Stephanie says:

    GOOD advice! I adhere to a lot of these, too!

  23. Mia Alviz says:

    It is absolutely great advice for saving! Will try to implement a few of these!

  24. jajwalyark says:

    Wow I’m a student and this has been my lifestyle, it’s the upbringing I thank for this.

  25. Jamie says:

    Yes! Living below your means is a nice, tidy way to sum up good advice on a complex topic!

  26. digidukaan says:

    You are so right. I am following most of the things now a days. I also avoid friends who make me buy unnecessary things

  27. gaygoat says:

    Great money saving ideas which I will put into practice.

  28. Kiwi says:

    I dont remember the last time I went to the mall. The mall just doesnt do it for me anymore sometimes people go to the mall just to find a reason to spend money. I am not that bored with my money anymore.

  29. theclutterboxblog says:

    Living below my means has been so important for my financial journey! And I really need to strive to do better.

  30. Yvonne says:

    Really good advice!

  31. Agree on everything you said. Rich people stay rich by living like they were poor.

  32. Nice piece.
    I have always thought that, financial intelligence is what will beat artificial intelligence. It is what will save us in the 21st century from going broke.

  33. kayla says:

    These are good tips. As someone who is leaving the nest soon these are great things to keep in mind

  34. LJ says:

    Some great reminders<<ones that I need to be reminded of!

  35. Rachael says:

    Good post thanks!! some interesting tips that are practical to implement

  36. Jordan Paris says:

    Very good advice. It’s not always a issue of how much money you have, but how you spend it. My wife and I are still trying to figure out the best way to budget with a limited income. Appreciate your advice

  37. Thank you for the tips! I think paying in cash is key!

  38. tachiwi says:

    You are definitely speaking to me with this one . When my credit card is paid off I am turning it in . I have really changed my thinking about money now that I am a mother . Great tips

  39. Beola Lawal says:

    These tips are much needed, my hubby and I have decided to spend within our limit, save more and buy with cash most of the time. Thanks for all the great tips.

  40. toastycritic says:

    Living below your means is really key to being able to be financially successful. I just think we don’t think we should have to, for whatever reason. I guess I am just as guilty at this as anyone else. And that’s sad.

  41. Saying in other words, we should be thankful with all we have. How much money we ever have will be always enough to earn our living..

  42. Scarletpiper says:

    This is a valuable post..thank you! It is so hard sometimes but thankfully I am at a place where I at least dont rely on credit 🙂

  43. Verskil says:

    These are very key points. Thank you for sharing!!

  44. Some great points out there definitely helps in leading a much simpler and happier life.
    Thanks for sharing!

  45. Henry says:

    Thank you for educating my mind and reminding me on how to prepare for money challanges ahead. Really helpful

  46. TLC says:

    I’d like to think I live below my means, buy looks like there’s a couple of additional things I can do to tighten up the budget. Thanks for the suggestions!

  47. Ghyoneka says:

    This is an amazing write up

  48. Takes serious discipline but I might challenge myself. Good post!

  49. adventures says:

    I absolutely love this concept. So many people have lived above their means it’s about time we give some Credence to living below it.

  50. Mummy Thomas' Blog says:

    Great post for a young person starting out. Stores these days are so quick to give out cards etc and then before you know it ppl are in debt. Because in that moment it’s exciting and new. Xx

  51. Theresa says:

    Yes I must say Imvery creative when it comes to entertainment. I search and find out before spending. When it comes to vacation, we sabe up for it until we can afford it. Great tips!

  52. Chander_Ajay says:

    Very well done rawlings. Your advice is really appreciated

  53. All great tips! Instead of the mall I need to avoid Target! It sucks me in every time!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s