Living Below Your Means

Living below your means can be a lifesaver during emergency situations.
Living Below Your Means
Saving a portion of your salary each month will give you some room to breathe in an emergency. Ariya J/Shutterstock
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I wouldn’t call it a radical new idea, although a social media channel declared recently that living below your means is the hot new trend!

It is a simple concept—spend less than you earn. Still, living below your means is seen by many as a life sentence, not the lifesaver that it is. It can take a crisis such as unemployment, runaway inflation, or a sudden illness to reveal to some people just how far in over their heads they really are. That’s when a lifesaver can look mighty good.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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