Living Within Your Means: On How To Save Money

by - March 14, 2018

Living within your means requires you to be mindful of how you spend your money. A negative perception leads to practicing money saving skills for short term only. But if you do it, and make it fit your lifestyle, you will be able have a lifestyle where you're spending less, and saving more. And if you do it correctly, you won't actually be depriving yourself of the things you really need to be happy.

 Don't eat out

Eating at home doesn't have to be less exciting than going out to eat. Eating at home will make you be a better cook, be more conscious about what goes into your food, and it can even create an intimate atmosphere for a date night or a social gathering. And, of course, it saves money too. If one of your biggest expenditures comes from going out to eat, try to cut down how many meals you eat out by two a week, and then reduce that number further until you see that you're happy if you only go out to eat once every week or two.

Of course, sometimes you have to go out to eat -- for a coworker's goodbye party, or a friend's birthday, for example. When you do eat out, though, you can be conscious of what you spend. Don't show up starving or you'll be likely to order too much food and spend too much money.

 Wait for sales

To save more money, you can wait for the items to go on sale, use discount coupons, and have the patience to know that anything you really want will eventually cost less money. You do not have to get the newest gadget the second it comes out; wait a few months for the price to go down. You can find great clothes for great prices at a thrift store.

 Stay at home instead

Throw a get together at home instead of going out to the bars with your friends. Having fun in your own home can be even more enjoyable than going out because you don't have to deal with strangers and can control what you eat and drink. So, the next time you want to have a social event, invite a few friends over instead of hitting up the pricey and noisy bars.

 Take away the unnecessary

You could be spending too much on subscriptions that you don't really need. Cut down on your spending by eliminating some of these subscriptions from your monthly bills like: Gym membership. If you only hit up the gym once or twice a month, cancel that membership and go running instead; Magazine subscription. If you only read one or two articles in the magazine that comes each month, then you're better off saving your money and catching the news online.

 Plant what you eat

Gardening is not only a fun and relaxing hobby -- and one that has been shown to increase your lifespan -- but it's a definite money saver. Instead of spending money on vegetables and herbs every week, make a one-time investment in a garden and see how much money you save every week.

 Shop with a list

Whether you're going to the grocery store or the mall, you are much more likely to spend impulsively and recklessly if you just roam around buying whatever you think you need. Instead, be prepared with a thorough list every time you shop, and do not stray from it unless you see something that you really need but forgot to write down. Even if you're going to the mall and only buying three items, writing them down on a list will make you more aware of buying something you didn't intend to take home.

 Wait before the big buy

If you see a brand-new jacket or a nice pair of shoes at the mall or while you're shopping online, don't buy the item the second you decide you can't live without it. Instead, give yourself 48 hours to really think it through. Maybe you'll find that you really don't need the item after all, or that you're able to find a less expensive substitute. If you have thought it through and decide that you really do need it, then you will feel better about your decision.

While we try to change our spending and our financial literacy, we end up cutting down expenses, and feeling that you've being cut off to enjoy what you've worked hard for. Here are some tips on how to change your perception on spending your money but still enjoying what you love to do.

lisa marie.

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