Coping with debt has become the norm for many students and young professionals. No matter how large or small the debt, struggling with your finances seems to be expected. But here’s the thing: you don’t have to continue living in stress. No matter what stage you’re in, it’s never too late to make new habits that can positively impact your life–and your bank account.
Living within your means is an essential step that can change the course of your financial path. Ready to give it a try? Considering these three areas below will give you the support to get started.


Understanding How Much You Earn

Knowing how much you earn and how much you spend will give you a thorough understanding of the income and expenses you have every month. From here, you can best plan out your financial situation. Keep an eye on your bills and expenses; setting up automated payments doesn’t mean that each payment is always the same. Look at your fees, and factor in the interest (if this applies). This way, you’ll have a better and more realistic understanding of how much money you are maintaining in your account.

Addressing an Excessive Lifestyle

Even if your lifestyle may not seem excessive, your bank balance may state otherwise! When you take time to look at your spending habits, you can find ways to cut corners. For example, if you have a pricey cell phone plan–and don’t use half of the features–shop around for something that is cheaper, simpler, and includes only the elements you need. Similarly, look into how smaller transactions add up for things, like subscriptions and software. Services like Netflix may seem affordable, but they can add up quickly. If you find new software you’re interested in, consider getting a free trial to see how it works out for you before committing to it. Also, free versions can often be a great alternative; for example, Spotify has a free plan that is relatively limited but gives you access to a vast library of music, from your favorite worship songs to your favorite tunes for the gym.

Budget Boost ( includes examples of affordable phone plans you can consider. Nevertheless, it’s not simply about the money you spend but exactly how you spend it. Look into other areas of your lifestyle where you may be wasting cash. This can include food and grocery, electricity and gas usage, and more. Having a clear understanding of where your money goes is an important step in setting up a budget that you can handle.

Making these Habits Stick

Consistently following new habits can feel like the most difficult part in living within your means. After discovering which financial changes you need to make, you have to find ways to stick to them. Fortunately, money-saving apps can help you big time. These apps can provide you with the motivation to save money, keep track of your bank balance, and automatically put money aside for you.
Money Expert ( features a range of helpful apps that you can try out. In addition to providing extra support, money-saving apps can also provide detailed feedback on your spending habits so you know where you need to cut back.


Learning to live within your means is a practical, everyday decision to save more by living within a smaller budget. Whether you’re just starting your money journey or have years of experience under your belt, living within your means is a handy lesson to implement in your life.

To receive inspiring content on faith and lifestyle, follow LM on social media!

YouTube: LizMargaret

Facebook: Lizmargaretblog




Join the LM Community


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s