How To Live Below Your Means To Save Money & Reduce Your Cost Of Living 2023. Practical Frugal Tips

Living below your means is a smart financial strategy that can help you save money, reduce debt, and achieve long-term financial stability. In today's video we are going to be talking about how to live below your means, and some tips for how to save money during the cost of living crisis.

THINGS MENTIONED:

TopCashback -

Living below your means to save money requires discipline and making conscious choices about your spending habits as well as making sacrifices.

It may take time to adjust, but the long-term benefits of financial security and reduced stress are well worth it and it's important to remember with saving money or getting out of debt that it's not forever - don't let it feel like a punishment, try and treat it like an opportunity to better your financial well-being and get better with money.

You may like my budgeting tips and money saving ideas videos -

My Amazon store is linked for you here with everything I recommend for home, storage, fashion, skincare, cleaning, travel and more

♡ S O C I A L M E D I A ♡

My Budget Best Life FB Group is free to join and is a really supportive community of budget friendly people!

Lots of love, Lara x

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The information discussed on this channel is for educational & entertainment purposes only. It should not be considered advice. Please do your own research and I encourage you to seek professional tax, legal, and financial advice, before making your own actions and decisions.

All notes believed to be accurate at the time of posting but not guaranteed.

[kenyonbissett]

For those who think they can not afford to save even 5%, I suggest you consider 1%, it should not hurt and then in 3-6 month up the amount to 2%, once you have adjusted to that then in 3-6 month go to 3% and keep going until you get to 10-20%. As you find new ways to save, spend less, this will insure your savings increase to represent that amount. Mark each 3-6 month increment on a calendar so you do not forget to make the change upward. Work for me, hope it works for you.

[bipanjitkaur]

Budgeting is really essential.doesnt matter rich or poor

[princessdumbarton]

Once you get into debt, it can take years and even decades to get out of it. Don't use credit cards unless you have to for an emergency. Have an emergency fund always. It's better to do without some luxuries than to be in debt. All it takes is an illness, accident, job loss, or recession to get into debt. Debt destroys your life.

[colleenoldham]

My husband has always been good with making a budget. I stick to what he says. We do very well. It is about cutting back where you feel like can.

[carolynjory]

I done the biggest step of a mindset for living below my means. Am on a tight budget and recently had to stop doing overtime due to sick parents. I've find it hard to keep going in the present but do know will make my life so much better when it turns to saving instead of paying of debt. X

[OrdinaryEverydays]

This is so important no matter what income level you’re at- one of the biggest things I want to teach my kids! Debt is awful (as I know from experience unfortunately)!

[francefradet]

I have stopped cooking pasta in a pan. I heat the same amount of water in a frying pan. More surface exposed to heat and quicker heating time. Always always use a lid. Put the salt in after the water starts simmering. No need for a rolling boil. The salt delays the water reaching boiling point. Tons of tiny things that all add up.

[annaleewhite]

Thanks so much for these amazing tips!!! ❤❤❤

[lisahagan]

❤thank you do much for sharing - this is everything I want to hear so happy to have found you 🙏🙏🙏🙏

[myaccount]

Lots of unnecessary criticism of this lady. Take what's relevant to u and ignore the rest. No need to put her down. Be kind to people or be quiet 💜

[AngelissimaASMR]

Great tips and can I say, you've never looked lovelier! Your hair and outfit colors really suit you!

[BardHolohan]

Thanks....really good. First time here and have subcribed. A hopeless budgeter...now ready to take these tips. You have good experience it seems. Ta.

[minimalistsmanaged]

Fantastic info thank you so much for sharing - I instantly subscribed and look forward to new videos :)

[herronr]

Highly recommend reading/listening to the barefoot investor. There’s also one for kids. Really down to earth and breaks things down in simple steps 👌🏻

[dkpipkc]

Just used your link for top cashback, thanks 😊

[LaurenRogers]

Hello Lara, hope your well, I'm so in need of this video right now. the last few months I have spent too much money I can't account for xx

[naomibarnes]

I'm binge watching all your latest videos 😂 would you do a video soon about Autumn / Winter budgeting? I.e The C word! To budget and save for days out (Santa), food and gifts I have to start thinking about it now. Especially with CoL as everything is SO expensive!! I usually make budget or free Autumn / Winter family bucket lists and post them online for people who need it x

[idalinawin]

After I saw I was spending some weeks more than 3 thousand euros, I cut down and put a budget of 100 euros a week. It is working. 😀

[rosmariebechtold]

❤❤love this channel. So helpful for me. I have to be more frugal, because the money we earn is out before the month is gone😅.
It is so nice to see a nice and lovley person like you😊 because in my mind frugal people are always grey and not lovley and they are not smileying . I never ever wanted to be like them catching after evrey penny and never have fun or nice clothing and nice things. That's the pictur in my head, and i think that's the key, to have enoug money, i have to turn the picture ❤❤ i hope you undorstand what i mean😅 . Thank you to helping me create a new picture . 😊sorry of my english, if it's not correct, i'am from austria, vorarlberg, bregenzerwald.❤❤

[goldsilvertravel]

I love the lava lamp - I used to have one like that.