Taking Control Of Your Spending: Part 2

{A simply luxurious life, while full of the concept less is more, luxuriates in the decadence of high quality, complementary style and an appreciation for the beauty that surrounds us in decor, fashion, nature and people themselves. One does not need to maintain a balance in the bank that one might associate with a millionaire, however, it would be a mistake for me not to address the fact, that being secure financially – just the knowledge of this fact – brings about a priceless piece of mind that contributes greatly to a well-balanced simply luxurious life.

With that said, my new series every Friday will focus on sharing a bit of financial food for thought that will help you create a sound financial life that makes it possible to make the choices that will help you create the life of your dreams.  Because after all, simply having choices is a luxury – enabling independence, however we might choose to go about our every day lives. }

Last week, we began this mini-series with two financial savvy habits to begin to incorporate into your daily routine. This week, we continue the series with two more habits.

1. Know Your Numbers

It might be surprising to note that many people really don’t know exactly how much their net income is.  While we may know what our contract states is our gross income or hourly wage, upon receiving a paycheck, it is imperative that we know where that money “we never really see” is going.  For example, how much is taken out for health benefits, taxes and other automatic withdrawals we may have chosen to partake in years ago? Remember, knowledge is power, so know your numbers.

2. Spend Less Than You Earn

“I think the nicest thing you can say about a woman is that she lives well ,and she lives below her means.”

This particular quote is pinned to my idea wall in my office, and I find myself looking at it whenever I feel I should make a purchase that I know I may not be able to afford.  It tends to immediately put into perspective what matters when it comes to financial security and success. After all, just a few decades ago women weren’t expected to know how to handle their finances without help.  The truth is, being financially savvy is empowering and truly sets you free to be and live the life you have dreamed for yourself.  So do the math, keep it simple and spend less that you earn. I know we can do it.

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