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Are you struggling to make ends meet?
Financial guru andfrugal living expert Austin Williamsis a testament to the power of living below your means.
GOBankingRates outlined Williams steps to live below your means,helping you take control of your finances.
What does living below your means entail?
Why do you better live below your means?
How much is your salary or hourly rate?
What is deposited into your bank account and how often?
Review your subscriptions, insurance, utilities, and restaurant spending to find ways to cut costs.
Your emergency fund should contain around six months of expenses.
Its important to spend money on wants every so often to balance your life.
However, living below your means generally doesnt free up thousands of dollars for wants spending.
By pairing value spending with your wants, you will maximize every dollar.
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