Ways to Spend Less Than You Make

Are you find that money is making you sick with worry? One reason could be that you're spending more money than you're making. Here are some tips from Marc and Angel to get you back on the right financial path.

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calculating expenditure- New Zealand dollars Photo: iStock Photos

It is too easy in our consumer driven society to spend more than you make. However, there are ways that you can live within your means without having to compromise too much of your lifestyle. Let these 18 tips guide you in the right direction with your money so that you can manage your finances and not let it manage you.

1. Redefine your definition of 'rich'- What does being rich mean to you? Does it mean living in a mansion, having more money to spend or does it simply mean you're comfortable enough to pay your bills and put some money away in savings? Ask yourself these questions.

2. Borrow and share. Everyone wins!- Swap and share DVDs with your friends, rather than paying to rent or buy. Borrowing outfits for different occasions can also save you money from shopping.

3. Avoid the shopping centre- Do other things in your leisure time like walking along the beach or the park- or visit your family and friends.

4. Limit your intake of advertisements- Watching endless advertisements or reading them can have more of an impact on you than you think.

5. Buy with cash- This will help you save on cash purchase fees from your credit card company. It is also easier to impulse buy when you put everything on your card.

6. Find a better deal and actually SAVE on the difference- Shop around, don't impulse buy.