How to Live Below Your Means

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Attaining money has always been a problem, no doubt about that. But the real problem is that we have our own selves to blame for making money such a problem. It has something to do with our preposterous habits of taking blue collar or white collar jobs and expecting them to be enough to earn as much as we need. This is not the case, and many people have already faced the necessity to earn more inc... Read personal finance article



How to Live Below Your Means
When you live below your means, you find that things work a bit better. I understand the basic idea of living within your means, but you need to take it to another level in order to thrive financially.

For those of you who are living beyond your means, living within your means is a good goal to have. But it is simply the first step. Living within your means is spending what you make. Not more than you make.

Living below your means is saving. It is spending less than you make. Now, doesn't that sound good.

And this doesn't mean that you have to sacrifice and do without just to get by. It means that you have money to do with as you please. There is no need for a credit card when you have the money in the bank.

Find ways to cut your spending and your bills. Look at what you are actually spending each month. I was surprised to find that my husband and I were spending hundreds from the ATM each month with no idea where it was going. Once we made the ATM off-limits, we were not only able to better control where the money goes, but we cut back our spending drastically. We don't miss what we were spending the cash on, because we really don't know where it was going.

But now we know where it is going. It is going where we want it to.

A great way to live below your means is to forget about a portion of your income. If your employer offers the benefit, have a portion of your paycheck automatically put in savings, with the rest going into your checking. If you never see the money, you won't miss it. You are living below your means without having to sacrifice a thing. It may mean that you can't spend as much at the mall later in the month, but it also means that you are building savings.

Don't just stop at making it from paycheck to paycheck. Wouldn't it be great to have enough money that you don't wait for the next paycheck to roll around. If you don't spend it all each month, eventually, you will know what it is like to do more than make ends meet. You can tie them together.

Martin Lukac represents http://www.RateEmpire.com and http://www.1AmericanFinancial.com, a finance web-company specializing in real estate and mortgage rates. We specialize in daily updates, mortgage news, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies!

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Saving at the Pump

With the national average cost of a litre of unleaded now 97p with no sign of slowing down,

1. Think about how you'll pay. Some credit cards, such as the AA Visa Card offer double points on all fuel purchases. Its worth shopping around to see if you can get a credit card that gives you cash back or bonuses for fuel consumption.

2. Refuel when prices are low, not when your tank is empty. To find the best deals on fuel, use the internet. Websites like; Petrolprices.com and Whatprice.co.uk offer area fuel price comparisons. Simply enter your postcode and up pops the cheapest petrol in your area.

3. Think about your driving. Smooth driving and proper gear selection can reduce fuel consumption by up to 30%. The RAC's tips for saving on your petrol bill include reducing your speed. Drivers who reduce their speed by 10mph can save 40p on fuel for every 10 miles. Lightening the load, by removing roof racks or taking golf clubs out of the boot can also reduce your fuel consumption by 2.5%.

4. Keeping cool. Did you know that driving with your windows open on the motorway reduces your fuel efficiency far more than using the air conditioning? By moderating your use of the air con and you could reduce your fuel bill by up to 10%.

5. Plan your journey before you set off. Its estimated that 20% of driving time is spent getting lost on unfamiliar roads, so plan your journey before you start.

6. Don't top off the tank. When the petrol pump nozzle clicks, it's full. And due to the various pollution controls on the pump, the additional fuel you try to put in your tank may be fed back into the station's tanks instead.

7. Under inflated tyres can add 2.5% to your fuel consumption so try and check your tyres once a month and keep them at the correct pressure.

8. Consider your car's fuel efficiency before you buy. Drivers are able to save hundreds of pounds a year in fuel bills by choosing a greener car, and Desperateseller.co.uk have a wide selection of fuel-efficient cars for you to choose from.

For further information, please visit; www.desperateseller.co.uk

Russell Berry is the co-founder of Desperate Seller.co.uk, the UK's premier car buying & selling website. Established in 1999, the site was the UK's first to offer a multi-website car advertising model, designed to reduce the time, stress and money involved in buying and selling new and used cars.




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How to Live Below Your Means
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