How Do You Live On Less Money?
Money management is of utmost importance to most people these days. Whether it’s because someone in the family has lost a job, a college graduate can’t find employment, or someone wants to save money for a particular need; there is a desire and need to live on less money. America has been a consumer society, living on credit and beyond our means, for decades. This article isn’t meant to debate the pros or cons of consumerism, it’s meant to help people who are motivated to live on less money by sharing some simple tips. HOW MUCH MONEY DO YOU HAVE VERSUS HOW MUCH MONEY DO YOU NEED? Determine what your income and other sources of money are. This is basically the start of a BUDGET. For money management purposes you can’t pass go without this step. If you have variable income from month to month, take one year’s income and average it out to get a monthly income amount. ANALYZE YOUR SPENDING. First, write down, or better yet use an Excel or Quicken program to record, your “fixed” expenses. T
