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This is How You Can Live Outside Your Means without Breaking the Bank

Personal Finance
/
October 23, 2019

Budgetary restraints are the number one reason why many people don’t explore the world and participate in fun engagements. While it’s true that money plays a big role in making such excursions fun, it’s not an absolute necessity.

To really enjoy outings, you need to approach your ambitions with a positive mindset. Once that’s in the bag, you’re certain to find that you cherish being up and about.

According to societal dictates, you need to live within your means in order to get the best out of life. This tends to impose limitations on spending habits, debt acquisition and the general way people relate with money.

It’s quite possible to see the world on a budget

Logical as that is, many people tend to forget that it’s quite possible for anyone to live their best life whilst living within their means.

Robert Kiyosaki, the famous author, opined in Rich Dad, Poor Dad that the real reason why people assume they don’t have the means to buy certain items is because they haven’t taken the time to see how they can do the things they love differently.

He referenced that the poor dad often shared with his son that they couldn’t afford item X. In saying so, the poor dad automatically closed the door of opportunity on what was required. On the other hand, the rich dad engaged his son on how they could make money to achieve their dreams.

By thinking outside the box on how to achieve your objectives, you’ll be exposing yourself to a world of opportunity. Indeed, that is so much better than simply resorting to the “I can’t” mentality. By staying positive, the mind gets exposed to a degree of creativity which enables you to picture how to achieve your goals.

Still, this doesn’t mean that you should be on the lookout for a credit card and accrue loads of debts. Not at all. Here’s how to do it.

Spend Less During Travel

As alluded earlier on, money is the number one reason why people avoid traveling. However, with emergent technologies and numerous websites offering travel sales almost every other day, it’s quite easy to land a deal that perfectly fits the bill.

Timing

In the American scene, Tuesday, Wednesday and Saturday are the ideal days to fly on a budget. Fridays and Sundays are the most expensive days since those are the days when people crowd the airports.

Whether traveling locally or abroad, you need to carefully identify the places of interest beforehand. By doing so, you’ll have ample time to plan how your finances will fit in.

Traveling during the early morning hours is another way you can save money since most people don’t board them. There are also numerous discounts that can be unlocked if you decide to stay put and book overnight flights. Taking a red-eye flight could prove to be the difference between having a couple of extra bucks for the trip and being broke.

Airbnb, CouchSurfing, and Hostels

Since travel is all about exploring the sites, you need to be wise in how you spend your monies. You can save massive amounts by checking out Airbnb listings, exploring sites like Couchsurfing and trying out hostel residencies.

Explore the City

There’s no need to travel far to really enjoy yourself. Before you start planning about how you’ll view the sites around the world, take time to explore places of interest within your own city first.

Cities like New York offer so much yet many residents hardly take the time to view the check out places of interest. By starting locally, you’ll be better prepared to become a tourist at another destination.

Spend Less at Restaurants

If you’re a foodie, it’s a good idea to check out the reviews posted by fellow culinary enthusiasts on the web.

Major cities around the world have been known to have “restaurant week” every now and again. Usually about once or twice per annum. During such occasions, you can sample quality restaurants that have the best of both worlds, good food at affordable prices.

When planning that next trip, be sure to consider whether the location you’re going to offers incentives for customers to stick around.

New establishments usually offer treats to customers in a bid to convert them into loyalists. Grand openings are particularly special occasions since the business is trying to draw crowds.

If you’re looking to enjoy the night out with friends, you can make great savings by checking out sites offering happy hour and discounted drinks. Then, you can proceed to a fancier place whose offering you’re curious about.

Used Cars

Sure, a used car does not have the same sweet new car smell. However, true to the saying, it will get you there.

When looking for used cars in the market, the trick lies in taking your time reviewing your option. If you’re lucky enough, you can even land posh models like BMWs. Just make sure that the price offered agrees with the vehicle’s mileage.

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