How To Start Living Below Your Means | Clever Girl Finance
With the right money mindset, budgeting methods, and financial planning, you can quickly begin to live within your means. In this video, learn how to create a financial plan to set yourself up for financial success and resist living above your means.
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I’m selling some of my antique and vintage items this year. I’m friends with a person who attends estate sales.
I’m debt free. I live below my means. I eat out once a month. I use my food saver to help me to keep my food from getting freezer burned which helps me to save my own MOLLA!! 😊😊😊😅
Love that!
On my list when I move.
Reducing eating out, paying off Klarna, no shopping unless necessary for a particular item, paying off credit cards
What is Klarna?
Klarna is a buy now pay later platform.
You’ve got this!
Thanks. Never heard of it. Appreciate the response
Oh a fellow aussie!!! Yes for me it’s afterpay good luck
Yes, this advice works. I lived below my means, saved and invested while my kids were in school. After they graduated I splurged on everything I wanted. New “used” lexus, trips, and dining out.
I still save and invest @ 20% of my income. Set up the investing (savings) automatically each month so I don’t miss it.
Thanks for sharing!
Hey
What kind of investements
@@Safa-gq6jm I have a pension through my job and a 403B tradition mutual funds account. I have a 3rd account with fidelity that I use to stash savings in a checking account that pays 4% and other investments in FXAIX, FDGX, ETFs, AAPL, LLY individuals stocks.
No Spend Challenge. A tracker printed out on paper showing my progress towards my Fully Funded Emergency Fund. No longer own a credit card, debit card only.
Love it!
I have been credit card free for years and now have to build credit to get one to buy a house
@@ConstanceRamos-jf6buyou could get a secured credit card? Or a no annual fee one
I remember when I went to college in 94, my aunt lived in the city that I went to college in and I arranged to stay with her until my housing came through, I moved early because I worked at target and they agreed to transfer me to the new city…..this aunt was known to have really nice things and lived really well……after a while I noticed that she didn’t want me to answer her phone (cell wasn’t common yet) anyway she was being harassed by bill collectors…..I could tell she was MISERABLE but she was ALWAYS buying stuff….mid forties/single/child free……one day I casually asked her why she lived so far above her means….she didn’t understand what I meant……I eventually shared all of the financial knowledge that I had gained from ready books on budgeting and planning….i heard her on the phone telling someone that she had never heard the term “living above your means” and how smart I was ….etc… but she didn’t take my advice😂😅
Love this – thanks for sharing and empowering your aunt!
That is awesome that you helped her and not shamed her. Good news!
😂😂😂😂, that’s how the aunties are , they will not take the advice.
Aunty needs deliverance from the spirit of the WASTER…money not staying with her to prosper her as per God’s will. You see every coin earned is being spent to zero that is why she does not understand the term “living beyond her means’😔
Great video! I have always been a saver and more frugal but it is easy to fall into a trap.
My biggest tips:
1. Before purchasing , walk away and give it a day.
2. Eat the kids meal! The portions and the price are less when eating out.
3. Keep a healthy snack in your car. I cut up veggies for the week, throw them in a little reusable baggie, and keep in a little cooler bag in my car. No stopping for fast food. And my waistline thanks me!
Yes! Heavy on the eat kids meal. I thought I was the only one that did this.
I do this because I also get full really quick & it’s waaaay less calories too. Win win in so many situations
Love these tips!
Waistline part 🔥❤️
Amazing tip 3. I already follow number 1. Thank you for sharing. ❤️❤️❤️
Great tips! Thanks!
I paid off my car two months ago and it feels like I got a raise 😅 I use the extra money towards paying down my last debt and saving. I do zero based budgeting and the cash envelope method and it’s a lifesaver. While I’m being responsible with my finances I make sure to set aside money for fun experiences like going to the movies, concert, day trip out of town ,etc. I wanna live my life too
Good job
Super✨✨
Great job! Congratulations!!!! And yes to fun money!
I paid off my car three months ago and it was a monkey off my back. I feel so free now and have a little extra money to play with and to save and to stock up.😂🎉😅😅😅
Goodwill.. never sleep on them. Cuts your shopping budget in more than half! And cooking more!
💙
Yup and there are plenty of online thrift stores also that ship.
My mom died 6 months ago and my dad a year ago. I decided to sell off evrything and pay the debt I have left while building both my savings and emergency funds since I plan to move in a year.I start meal prep all meals, no shopping, use what I have and plan to live a stress and clutter free life. Thankyou for this awesome video
Write a helpful book about what you just said…Get Paid!
So very sorry for your loss(es) Love!
Very sorry to hear of your loss😢
So sorry for your loss ❤…praying for you 🙏❤
So sorry for your loss ❤️
It takes time to get the hang of it, cutting down your lifestyle. But its so worth it.
100%
I don’t go on holiday, or buy big ticket items, or go out to eat, or buy take aways. I just don’t have enough money to get to the end of the month. Things like changing the light bulbs or brakes on my car have become a crisis. That’s the reality. At the beginning of the year I did that thing where you save 1p more every day. After three months I have saved £42.77. Last month I had to borrow £10 from it. That’s the reality.
That’s my reality too, are you able to earn more?
You need to figure out how to make more money I had to start a side hustle.
Its a start just be consistent. Would if you didn’t save, then you couldn’t borrow the 10 pounds
@@neryvargasgarcia9767 I did start a side hustle as a tutor but the work ran out. I’m just starting writing on line now. You never know that might help at some point in the future. I just think that idea of saving 10% of your income is unaffordable. That 10% is your crisis money and there are people who cannot afford to save this is my point. <3
@@Handbagqueen23 Well I’ve literally, today just put some writing online. You never know it might turn into something. <3
I like the part where you say to write down where your mind was at, when making transactions. Because my impulse buys stem from sucky moments.
It’s so helpful!
I’ve been living below my means for the last 20 years.
Why do I find her voice very calming? Sorry I didn’t really paying attention right now about the topic but her voice really calms my mind right now. Thank you
Haha so glad!
I started living frugally since January. I also stop buying clothing. I shop inside my closet. I plan to assess my finances in June.
You are doing great!
I am using a budget plan, because my health costs exploded last year. Before I buy something I ask myself if I really need it. Thank you for your video!
People think I’m rich, I’m not I’m a GOODWILL shopper. I drive an older car, no car note. We can do this.
They call me el cheepo but I have no debts and I don’t need to borrow. I have articles from Goodwill that they keep begging me, yet they refuse to enter the secondhand store.
@@Jfwqs7212You are very smart. Big compliments to you.
Paying everything cash helps a lot. You know what you have and what you can spend! I took a new job to pay my house debt and haven’t seen the sun in 2 years, but used that and 1/3 of my normal salary for my payment (it was only 1/3 of my house, I already had the rest) and did the same for new construction and the interior of the house. Debt free in 2 years! WE CAN DO THIS!