Living Below Your Means

Recently, a friend was fretting about her stressful job and the kitchen remodeling project she thought she had to have, when it hit her: those tens of thousands of dollars could stay in the bank and give her some true freedom, a cushion in case her job got to be just too much and she had to quit. She realized that freedom was more important than new cabinets.

Just because we have money doesn’t mean we have to spend it. An increasing number of people are choosing financial freedom over consumerism, becoming part of a growing movement called Living Below Your Means. This liberating financial concept is not about denying ourselves or pinching every penny until it shrieks. Check out a fascinating statistic and learn more about Living Below Your Means, right here:

A nonprofit advocacy group, the Consumer Federation of America, reports that the number of people who reported spending less than their income rose from 56 percent in 1995 to 62 percent in 2001 among Americans who make between $20,000 and $80,000.

Living Below Your Means is about effective cost-cutting that doesn’t make us feel deprived. There are both immediate and long-term payoffs when you live below your means: you get a true sense of control and an expansive sense of freedom and options.

To learn more about living well on less, check out these great websites:

Here is a great brochure put out by the Consumer Literacy Consortium with lots of tips for cutting costs on transportation, insurance, banking, housing, utilities, and shopping: 66 Ways to Save Money.

You can also check out this nationwide campaign to help people pay down debt, build an emergency fund, and save for a home, an education, or retirement: America Saves.

Inspired by Organic Style Magazine (September 2004 issue, Rodale Press).

20 comments

Jude Hand
Judith Hand4 years ago

I get a sense of elation and pride when I've not spent my money for the month. In times like these, every little perk helps.

Kerrie G.
Kerrie G.4 years ago

It's true, that freedom makes a huge difference in your life! :)

Tim Cheung
Tim C.4 years ago

http://www.thepetitionsite.com/1/a-u-ok-u-a-luck-help-care2-make-different/
http://www.thepetitionsite.com/1/thank-2-randy-paynter-care2-team/
Thanks

Tim Cheung
Tim C.4 years ago

http://www.thepetitionsite.com/1/a-u-ok-u-a-luck-help-care2-make-different/
http://www.thepetitionsite.com/1/thank-2-randy-paynter-care2-team/
Thanks

K s Goh
KS Goh4 years ago

Thanks for the article.

Zee NoPetitions Kallah
.4 years ago

That's another one of those things I would do if I were rich.
lol

Jon Hoy
Jonjon Hoy5 years ago

Recycling is a way of life now. I do that with furniture. Fix it up so it matches your decor with an extreme make over and use your artistic talent. Take an old coffee table and put dinning table legs on it for those small spaces like apartments. You can renew a heirloom this way that been in the family and not have to discard it when it has no future use. Be creative.

Jon Hoy
Jonjon Hoy5 years ago

I agree with Bee Hive Lady. It's never to late to start.

Jon Hoy
Jonjon Hoy5 years ago

I agree with Bee Hive Lady. It's never to late to start.

iii q.
g d c.5 years ago

Yep, too many people are trying to "keep up with the Jones'"

So sad, when there are so many who are truly less fortunate...