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How to Live Below Your Means (Without Feeling Deprived)

How to Live Below Your Means (Without Feeling Deprived)

There are only two ways to live below your means: One is to earn more; the other is to spend less. Living below your means boasts obvious benefits including increased financial security and decreased financial stress. Having a savings net is also a critical step toward self-sufficiency because it provides a buffer against setback, too. On this episode of The Sustainable Minimalists podcast: 10 tricks to help you live below your means without leaving you feeling as though you're missing out.


How to Live Below Your Means (Without Feeling Deprived)

 

There are only two ways to live below your means: One is to earn more; the other is to spend less.

Living below your means boasts obvious benefits including increased financial security and decreased financial stress. Having a savings net is also a critical step toward self-sufficiency because it provides a buffer against setback, too.

This week, I offer 10 tricks to help you live below your means without leaving you feeling as though you’re missing out.

Here’s a preview of this week’s episode:

[6:30]  3 ways to make sales work in your favor

[12:00]  Practical resources to lower your monthly bills

[25:00] How much consumers spend each year on impulse purchases (plus how to build buying barriers)

 

Resources mentioned in the episode:

 

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Revisiting The Capsule Wardrobe Conversation

Have a closet full of clothes but nothing to wear? While capsule wardrobes are often touted as the singular solution to closet overwhelm, many report that they can be restrictive, boring and, frankly, unrealistic in practice.

A minimalist closet is best served by first identifying the outfits needed to live YOUR unique life. On today's show podcaster Lauren Morley shows us how to streamline our wardrobes, say goodbye to clutter, and feel effortlessly put together every day by focusing less on capsules and more on a 20 outfit wardrobe, instead.

 

Here's a preview:

[5:30] Identifying exactly where and why capsule wardrobes fall short

[11:00] Why doesn't buying more clothes solve the problems associated with getting dressed? Conversely, why isn't decluttering the singular solution?

[16:00] Say goodbye to capsule wardrobes and hello to your 20 outfit wardrobe

[20:00] Getting to the root of our cultural reverence for bottomless closets

[28:00] The trend cycle is not your friend, so hop off that bandwagon!

 

Resources mentioned:

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