DowMany people are responding to our economic downfall by spending less money by downsizing in every which way they can. Less has really become More; in fact, Less is the new trend.
Cutting back on your spending can easily leave you feeling deprived if you view it in a negative light. But focusing on the fact that you can't afford the lifestyle right now will only lead to a worse quality of life. The question is what are you willing to change in your life to achieve your goals?
Shifting your focus away from what you wish you had though, frees you to take a closer look at what you actually do have right now. It is then that you can discover hidden treasures in your situation. Could it be that living with less money could lead to more satisfaction? That is what our family has found. Downsizing our lifestyle has led to a richer life than we ever could have experienced if we had spent lots of money.
Here are some ways you can downsize your lifestyle to upgrade your life:
Move to a less expensive home. Freedom from the pressures of a large mortgage payment is priceless. The monthly mortgage payment is generally the largest single expense a consumer can face. It routinely accounts for 30% or more of your gross income. A small home also means less space to have to clean, lower utility bills and property taxes, and fewer repairs to handle. How many of your resources are tied up in your house? If you make the right move, you might be able to trade in your house and use the profit from the sale to purchase your next home in cash.
Eat out less. But the benefits of eating at home aren't just financial. when you make your own meals you can control what ingredients go into them and prepare food in healthier ways than you would typically find at restaurants. If restaurant meals are breaking your budget, try eating all your meals at home for a certain period of time and see how much money you have saved.
Eliminate extras. Unnecessary indulgences like manicures, fancy coffee shop drinks, and high tech gadgets that do what you can do yourself can waste a lot of your hard-earned money. When you let go of them, you learn how to separate what you truly need from what you merely want.
And finally, change the way you think about life and money.
Think about these mind set changes: if it cost money then do not buy it. Find it for free or do without. Ask yourself, do I really need it and can I really live without it?
Remember, life is not over when you eliminate a few material possessions.
================================================
Original Article Source www.agentsuccessclub.com
For personal use of AgentSuccessClub members only.
Any other use is prohibited.
Comments(5)