What It Truly Means To Live Below Your Means And The Perks Of Doing So
- By
Jazmine Denise
Source: Marija Jovovic / Getty
How: Establish a budget
The first step to successfully living below your means is to get an accurate snapshot of your monthly expenses. How much money are you spending each month and how does that compare to your monthly income? A great way to do this is to create a spreadsheet that itemizes your monthly bills and other financial obligations such as child support and spousal support.
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