3 Lesson on how to budget and spend within your means

“You can’t always get what you want… but you get what you need.” These lyrics from The Rolling Stones ring true. There are simply not enough resources in the world to fulfill all of our relentless wants and desires. Therefore, unless we learn to curb our desires and spend within our means, we will be miserable and perpetually disappointed for the rest of our lives. Since nobody wants to be miserable, learning to spend within our means and curb our desires is wonderful way to help us save money and live a happier life. With that said, here are a few tips to help you achieve your budgeting goals:

Live a simple and humble life. According to The Cheapest Way’s article “5 Money saving tips you can learn from millionaires,” most millionaires enjoy saving money and live simpler lives than what we would expect. They don’t typically live the stereotypical lavish lives that are made famous in TV shows and movies. The lesson you can learn from this fact is that people that spend their money exuberantly are not usually millionaires. These people are usually knee deep in debt. Take care to save your money and earn your financial freedom.

Write a list of non-necessary items that you want to buy for the month. After 30 days if you still feel you want to buy those items, then allow yourself to purchase them. This is a very practical and safe way to help you curb compulsive spending habits. According to statistics published by the Journal of Psychiatry in 2006, more than fifteen million Americans are compulsive spenders [http://www.shopaholicnomore.com/documents/Recent-Statistics-on-Compulsiv.... These are sobering statistics. Take care to not let yourself be a compulsive shopper. The road only leads to debt and dissatisfaction.

Remember that the best things in life are free. We too often compensate for the loneliness and emptiness we feel in our hearts with meaningless things. As a result, we end up buying ‘stuff’ like new cars, new toys, or new clothes to help fill that emptiness. In actuality what we really need is love, laughter, a friend, or companionship. Buying stuff is just a crutch to help you get through the day. What you should really be doing is securing long-lasting relationships to help you live a happier and more fulfilled life. After all, happiness is best when shared.

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, Fort Lauderdale Frugal Living Examiner

When April Coan isn't working hard for her money, she is secretly plotting ways to stretch her hard earned dollars even more. Raised by two very strict and frugal parents, April was instilled with a borderline religious dedication to a frugal lifestyle. There are no name brand items or...

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