Living with in your Means...
@santosmarichris (1849)
Philippines
June 4, 2010 10:00pm CST
1. Know how much you make.
2. Spend less money shopping and save.
3. Boost your income.
4. Stop relying on credit cards.
5. Don't try to keep up with the Hiltons.
6. Save up for purchases.
7. Get an emergency fund.
8. Value your money.
I've read somewhere that you only buy things that would increase it's value, mmm. With this in mind I have to think twice every time I buy things, specially the wants.
It is also great idea if you will buy things that you will be using for a long time and not just for a day or two. Think about it? ;)
2 people like this
9 responses
@noquite0325 (473)
• China
6 Jun 10
credit cards is used to be my annoying thing,cos i can`t use that clearly and reasonable!since i found that influence my life too much,i finally decided to change that situation,and now it`s ok,i can handle that ..whatever,it`s hard to control people`s lust.
@santosmarichris (1849)
• Philippines
6 Jun 10
Credit cards are good if you can pay them full the following month. Otherwise, it'll eat you up in their interest. Thanks for sharing. I appreciate it. :)
@rodmarqc24 (78)
• Philippines
5 Jun 10
Living within your means is a good way to survive in financial living. It's practical to save more and spend less. Being thrifty is good way to earn more money to live a better life.
@skysuccess (8858)
• Singapore
5 Jun 10
santosmarichris,
I feel that this is a really good post and the advice here is just so much needed nowadays for all.
It is true that people nowadays are not saving enough and are suffering the consequences of it. Saving ones hard earned monies I understand is really quite daunting with so many demands and distractions.
We really need to be more discipline and feel uncomfortable spending advancements or borrowed monies.
@santosmarichris (1849)
• Philippines
5 Jun 10
Thanks for your comment! With so many new things to purchase, all we need to do is focus on what we really need. It is better to know that you have money in your pocket and bank, than having all your purchases just sitting around. ;)
@lelin1123 (15595)
• Puerto Rico
5 Jun 10
Oh if only everyone lived this way. The world would not be in the mess its in at this time. I wish they would do away with credit cards period. You don't have the money you don't buy it, period. Whoever evented the Credit Card should be shot.
@my_name_is_coco (4334)
• Philippines
5 Jun 10
all you said is correct.I would like to add that,you should spend your money on something that can give you an extra income.if you have extra money,better invest it in a business or stocks.aside from making extra money,you can save up and live a debt-free life.knowing your financial capacity will help a lot.
@jinjer168 (1596)
• Philippines
5 Jun 10
Hello there! Thanks for the nice sharing!I strongly believe that all people should live within their means. Times are harder nowadays and its better to stick within our limits even if we wanted something in our minds. Sometimes we over indulge in spendings not knowing that we didn't have enough money till we get our next salary. In this case, we must realize that being in debt with someone was harder than to not spend for a while, save for what you wanted then just buy it when you got enough money for it. Good luck!
@tomitomi (5429)
• Singapore
5 Jun 10
Hi santosmarichris!
You seem to be very practical and I like that. I would first decide whether it's a want or a need and to spend within my means. It doesn't hurt to have a good reminder. Good job and thanks!
@evepin (721)
• Philippines
5 Jun 10
we practice living within our means not only to avoid any financial concerns but at the same time we try to free ourselves from material possessions / obsessions. i have undergone that stage after i graduated when i kept on doing buying sprees and not having enough savings. good thing i was smart enough to realize this and made steps tog et me out of debt and invest more for my future.
@orlymacanas (28)
• Philippines
5 Jun 10
Yes of course, with today's world financial struggle, it's just but necessary to put first practicality in our spending habits. Living within one's means is a very useful strategy to survive in today's situation. It might even open doors in accumulating future funds which may be used for investment or untoward necessities. In some countries, it can be noted that the rich ones are the ones observing such practice or behavior and less is evident for the needy ones. I think that's why the rich is rich and the poor stays on the slums.
