What It Truly Means To Live Below Your Means And The Perks Of Doing So
- By
Jazmine Denise
Source: Mixmike / Getty
How: Reduce your expenses
Once you have a clear idea of what your monthly expenses look like in comparison to your monthly income, it’s time to cut costs to ensure that your bills are 15 percent less than your income. Some easy places to trim the fat include getting a less expensive cell phone plan or cable package. Another easy way to cut costs is to cancel subscriptions and memberships that you are no longer using such as streaming services.
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