No matter how careful you are or how frugal you may be now, it’s always possible to find ways of living on less.
There’s even one Mormon mother of 10 who chooses to live on less and wrote a booklet about it. More on that in a moment.
Some of life’s expenses and costs are easier to reduce than others, but it’s important to do whatever you can — whenever you can — to live better within your means and make sure you’re always living in the most responsible way.
Some cost reductions are impractical if you can’t first spend a lot to save a little, so those things have to wait.
For example, if your refrigerator is old, a newer one might save on your electricity bill because it would be more energy efficient, but it would require a large upfront outlay. A tankless water heater is more efficient than a regular one too, but the savings is not worth making the change if your water heater is working well.
Some of your daily, weekly and monthly spending can be reduced immediately by making smarter choices. Other outlays can be reduced by doing some research before you change providers or renew a contract. Still other costs — like housing and cars — may not be something you can reduce immediately or even quickly, but you can reduce them by making smarter choices the next time a change is practical.
Living On Less Review
You may have found this page while searching for the book Living on Less by Christy Hinkson — available from Amazon. It’s a short ebook (fewer than 40 pages) written a woman who is a member of the Church of Jesus Christ of Latter Day Saints — often called the Mormons.
The book is available for almost nothing in an Amazon Kindle edition. If you don’t have a Kindle, a free Kindle book reader for PC is available for download at the Amazon site.
The author of the Living On Less ebook is a mother of 10 who has experience living at a variety of different income levels. She and her husband are actually millionaires now, but they’ve also lived in poverty while working their way through school.
They choose living on less (what some might call voluntary simplicity) because they think it fits them and their beliefs. They believe choosing a simple life helps them instill appropriate values in their children.
Living on Less isn’t a step-by-step guide, but it is an interesting read. While some have criticized the book as unrealistic or out of touch with how people who are forced to live on less really survive, the book stands as what it is.
Tips For Living On Less
Now, let’s get down to some practical advice. Here are five ways of living on less, including tips for both short-term, medium-term and long-term savings.
1. Find a few extra dollar this week by avoiding grocery shopping. Use up the beans, rice, frozen items and other staples you already have in your home. You can replace them with fresh items when you have the money.
2. Save money over the next few weeks by reviewing each of your bills. Cancel unnecessary services like cable television and curbside trash service, then call credit card companies to negotiate lower rates on outstanding balances. Review every insurance policy to see if it is necessary and to see if premiums can be reduced. Often, saving are as easy as asking for them.
3. Save money every week by changing the way you buy groceries. Consider shopping at Aldi if there’s one in your area — or downgrade from a specialty grocer or supermarket chain store to Walmart, for example. Change from name brands to store brands, then simplify your usual recipes by reducing the amount of meat, cheese and other expensive items each recipe uses. You may not even notice the difference.
4. Reconsider your housing situation and your car choice when you can. These choices involve long-term commitments, but one of the ways of living on less that makes the biggest impact is reducing housing and transportation costs. Move to a smaller apartment, downsize your house or switch to a gas-saving economy car when you can.
5. Analyze every spending decision to save a little every day. Avoid coffee shops unless they’re important to you. Forget lunch out and take food with you instead. Buy fewer clothes for yourself, fewer knickknacks for the house and fewer pieces of jewelry.
Soon, you’ll be on your way to a better way of life that fits within your means — and perhaps a way of life that allows you to save more, have more fun and worry less.
Stop the leaks in your budget by eliminating unnecessary expenditures and you can be living on less without sacrificing anything.