Living On Less Means Living On A Budget

Living On Less Means Living On A Budget

There's that dirty word again -- budget! But while it may not be your favorite topic, decreasing the cost of your lifestyle is dependent on your budget focus.

Many individuals and couples assume that they can simply cut back on expenses and thereby eliminate the need for a budget. Not so. Without a budget, you have no yardstick to measure your success. Accordingly, you don't know whether you've been successful in reducing your cost of living. Your chances for success in long term cost reduction are slim under these circumstances.

So, whether by computer or manually, create a list of what you believe you spend each month. Then you can begin to really cut back -- and even know that you've done so!

- Rick Fields