Many people these days take out loans to help cover unexpected expenses and to buy something that they then can pay off ‘bit by bit’ until the loan is settled. We recommend that you compare loans to get the best rate then set up a solid plan to live beneath your means.

Here are tips to do it.

Know what your means is. In order to live within (or beneath) your means, you really need to know what that means. It is important that you figure out how much money you are going to be bringing in each month so that you don’t overspend.

Make it a priority. If you decide that you want to live beneath your means, you have to be dedicated to doing so. It may take some major changes in order to live this way, so you have to be ready to make them. Your family also has to be on board.

Get rid of your credit cards. Credit cards can be tricky. They fool you into thinking that you have more money than you really do. Even a lot of small purchases can add up quickly, especially when you add in their fees. For this reason, you should get rid of your cards now and focus on using the money that you do have wisely.

If you do have credit cards, make paying them off a priority. Living with debt can be hard, so you should do what you can to pay them off as soon as possible. Once they are paid off, you can use that money to pay for your everyday expenses.

Make each buy count. When you do buy something, make it count. Don’t buy something on impulse just because you see it. If you think you want something, don’t go out and get it that day. Wait a few days to see if it passes (or you really need to have it).

You also need to stop buying things when you are emotional. Many people buy themselves gifts to cheer themselves up. These purchases can really add up!

Always make a shopping list. Shopping lists are important for many reasons. It helps you to get the items that you really need. It also stops you from buying things that you don’t need. Make sure that when you are out, you stick to the list!

You may also want to start shopping online. Online shopping helps to curb impulse buys. Many stores offer pickup services where you can order what you want and pick them up at a later time. This will also help you to keep to your store list and stop impulsive buying.

Put the extra money into your savings. It is much better to have savings for the future (or any emergency that may happen) than to spend money on the things that you don’t really need. Make sure that, when there is extra money, you put it aside for another day. 

It is possible to live beneath your means. You just have to be prepared to do so. Your whole family also has to be on board. The first thing that you need to do is figure out how much money you are really bringing in. Then, you need to throw away your credit cards and work hard on paying them off! Having an emergency fund will help to pay for unexpected expenses.

You also need to make each buy count. Emotional and impulsive buying can really mess up your budget. You might want to look into online buying and stores that offer free pickup services to keep your overspending at bay.


  • Mike Souheil

    Author / Writer

    I am a professional blogger/writer and have been writing as a freelance writer for various websites. Now I have joined one of the most recognized platforms in the world.