Now more than ever it’s important that we are prepared for the future. Financial security is a major part of our mental health and our livelihood. Having financial security means being economically stable and having enough money to cover emergencies. Having enough to meet your needs, and most of your wants create a sense of solidity and confidence. If you are serious about wealth, it is important to make good financial decisions, which starts by learning how to live within your means.
How to Live Within Your Means
In this day and age, it’s easy to get swept up into making impractical purchases. A lot of purchases are made to fill voids, or for temporary delight. Living a life of abundance is ideal, but this takes discernment regarding your budget. Today, Pretty Birds, we will discuss living within your means.
Stay in Your (Financial) Lane
Staying in your financial lane means that you are not trying to keep up with the masses. Rather, you make purchases based on your own authentic needs and wants – instead of being lured by friends and associates to stay “current”. It’s tempting to buy all the latest trends and technology you see everyone else with, but do you even really want it? It’s key to be mindful when spending, especially about major purchases. If you shop based on what others tell you to buy, you will end up with a bunch of useless materials that subtract from your energy bank.
There is nothing wrong with spending money on things that make you happy. Just make sure you are balanced and understand what appropriate spending looks like for you. Make sure the things you purchase hold true value in your life. You may have a completely different income than those around you. Your spending habits need to reflect what you earn – not anyone else’s budget. This means that you may have to pass on eating out with friends, or going to bars every weekend so you can live comfortably. Staying in your lane is essential to reaching ultimate prosperity.
Be Wary of Media & Consumerism
Media trains us into thinking we need things that in fact we don’t. For instance, a few years ago when I was a new mother I bought so many things based on amazing marketing. Good marketing can literally make you feel like you’re a better parent if you buy this specific baby wrap or this specific stroller. No physical item could ever represent how much love you have for a human being you created, but the media is so powerful that it brainwashes you. Every time you turn the television on or log into social media – there will be several opportunities to spend money. Even if you don’t spend it that day, you may be making a subconscious “buy later” list of things that are glamorized by the internet. You are manipulated into thinking you’ll be happier with said items.
Having self-control is how you combat making pressurized purchases. Besides, with the world in shambles currently – conscious consumerism should be a top priority for us. Before you make a purchase, take the time to ask yourself these questions to consider whether or not it’s right for you:
- How was the product made?
- Did someone have to suffer for me to have this item?
- Is the production of this item detrimental to the earth?
- Do I agree with the ethics this company holds?
Lately, I’ve been seeing a lot of purchases from Black-owned brands which I think is amazing in support of the Black Lives Matter movement. I see more people shopping at small and local businesses to uplift the community. These are the purchases that will provide for the people. Not only are you supporting your neighborhood, but you will feel a sense of accomplishment knowing you’re making sensible purchases.
Rewire Your Thoughts
A great way to shift impulsive shopping is to explore what you find value outside of material things. Understanding your values will encourage you to use your time doing things that bring you joy, instead of thinking of what you will buy next. I value my time, my family, and being able to share experiences with them. When I am with them, I don’t really need much else. Quality time easily surpasses shopping and spending. Maybe you find value in a specific hobby or traveling to a specific place for inspiration. I urge you to explore your soul a bit and find out what you value more than tangible objects. As soon as you discover your values, your wealth will be available in abundance.