Living on less money than you make is an easy concept to grasp but for many people it’s hard to do. Most, naturally want to spend all the money they have in their possession. Think about it, when you were a kid and someone gave you five dollars, you didn’t automatically think “I should save a dollar, give a dollar and spend the rest.” Living on less than you make is like contentment, it’s a learned trait. It’s not terribly difficult but it does take self-control and a willingness to mature.
This is why a personal spending plan is so important. When you learn to live on less you stay out of debt, you don’t spend unneccessary money and everything you do with your money is in connection with your long term goals. The house you want, the car you want, your child’s college fund and retirement are largely based on your acceptance to spend, save and give on the income that comes in each month.
Manage a spending plan. Whether your income is six figures or below the average household income, your money needs direction.
Don’t be complacent. Sometimes we don’t make enough money so do not accept the lie that you will never make more than you are making now. Pray for the faith, boldness and courage to get a plan together, work that plan and double your income in three to five years. Commit to the Lord whatever you do and your plans will succeed. (Proverbs 16:3)
Patience. When you start the process of adjusting your lifestyle such as selling the car to get rid of an ugly car note, moving down in living space or not using credit cards it will take a few months for it all to start working together. You may not see immediate results but stick to the plan and within a few months you’ll see the progress.
Get out of debt. Some of us make enough money, the problem is we have been living on more than we make for so long we haven’t seen the reward of our hard earned money.
Living on less than you make is one of the paths to achieving financial success. If you spend everything that comes in each month, you have nothing set aside for the unexpected. It doesn’t have to be something tragic or big, it could be a $200 car repair and because all money is spent it can cause a big financial mess for months to come. Don’t be normal, be strange; live on less.
Proverbs 21:20
Posted by carmoncents 
