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Live Below Your Means

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Try to live below your means. Live below your income. Don't tell anyone how much your make and let them believe you make less. Whatever the bank says you can afford, take a loan for 10-20% below that.

- Submitted by LEXUSIASIS 5/11/2010 in Saving Money | 8 Comments
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Member Comments

SEWSWITHHOTGLUE 5/11/2010 12:34:00 AM

    Absolutely! Save for the future so you can live comfortably then without the worries that plague so many people as they age.

Just because marketing companies make item which are the 'coolest' things out there, don't think you must turn over your hard-earned money to impress other people by owning them to chase the fads. This has been a tough lesson to explain to my children, but it's worth it.

Wise advice here!!!
CJPJHM 7/24/2010 9:30:00 AM

    We can learn a lot by listening to folks who lived through the Great Depression. Great advice here, thanks!
CJPJHM 7/24/2010 9:18:00 AM

    We can learn a lot by listening to folks who lived through the Great Depression. Great advice here, thanks!
STORMTMB 5/11/2010 4:58:00 PM

    Imagine how you would live if you lost your job. What would you cut out? You don't have to cut back that much, but it can make you think hard about every dollar you spend - and save!
KLC1925 5/11/2010 2:10:00 PM

    I am in the process of putting this into action.
SAMMYLYNNE 5/11/2010 1:27:00 PM

    Asked someone on a fixed income how much they get in a month. Then try and live on that. You will save even more.
SEASHELL71 5/11/2010 11:36:00 AM

    I HAVE LEARNED TO THIS AS WELL!
GREAT ADVICE!! emoticon
KESTRYLL 5/11/2010 8:24:00 AM

    I like this and do this often and I pocket the savings, acting like I can't afford it anyway, thanks

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