Earn More or Spend Less

As I’ve mentioned previously in this blog, budgeting and managing one’s financial affairs comes down to personal style.  It has to work for you (not necessarily anyone else) because you’re the one (or family) who has to live with it.

There are two basic approaches — either

 Earn more

or

Spend Less

       Earning more is not always available to us and even if it is, it most often comes at extra costs.  Things like work outfits, professional haircuts, manicures, pedicures, gas or public transit fare to get there, daycare costs, lunches out and/or dinners out because of working late (or just plain tired) etc.

Also in the country in which I live, there are certain social benefits that are tied to income. The more you make from working, the less these payments are.  In order to cover all these costs, loss of social programs and still bring in a decent income, one needs to be earning a substantial amount.

That leaves spending less and believe it or not, it’s easier than it sounds.  Once you start paying attention, you’ll discover there’s lots of ways to save a few dollars here and there which soon adds up.  The more you do it, the better at doing it you become and the easier it gets.  Things become much more visible.

In a future blog post, we’ll touch on these ways.

Stay tuned!

 

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