How Do You Live Below Your Means?

A very straightforward question: How do you live below your means?

It is a very common term that is thrown around all across the personal finance world and I have been having an extremely tough time coming to grips with this idea. So I pose this question to you with the hopes of getting real examples to help me analyze my current situation and hopefully other readers can benefit from the insightful comments of everyone out there!

What I would like you to do is tell us what it means to you to “live below your means”. Is it something that you have grown accustomed to? Or did you really have to work at it to reach the point you are at? Or are you not even close to that point at all?

I will start off with myself. To me, living below your means describes a mentality to do less with the goal of having more later. Maybe this is why I struggle with this idea so much because I have always been set on living every second of life concentrating with right now. This philosophy often gets me in trouble with respect to my personal finance. I am saving for the future, just not enough. I do have future plans, I just lose sight of them very often. Living below your means is a disciplined mindset that forces you to keep your future goals on your brain at all times. A disciplined person is cognizant at all times about how every single one of their actions affects the outcome of the future.

That may sound a little profound of an answer but I tried. What do you want from me? I work in I.T. people! Anyways, lets here some feedback, tell me your stories about how you live below your means and what impact it has in your life. As my boy Joeykrak would say “SPEAK ON IT!!!” Have a good day people and be easy.