There is a lot of information about what living within your means actually means. Living below your means is when you aren’t spending more money than you earn. You spend less or equal to the amount of money you make each month from your sources of income. Living below your means doesn’t mean that you aren’t able to spend money on things you love in order for you to enjoy your life. Instead, the goal is to create a more secure financial future with long term financial goals while still enjoying the fancy dinner out occasionally.
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