When you don't live within your means, you will find yourself in too many debts subjecting your life to stagnation.
Here are simple ways to live within your means;
1. Know how much money you make
For you to be able to live within your means, you need to know how much income you receive from your job or business. From there, you will calculate the amount you should spend in order to avoid running out of money before time.
2. Spend less than you bring in
Once you know how much money you make, you can focus on reducing spending too much what you earn. You can't spend more than you earn neither should you spend everything you earn.
3. Boost your income
Living within your means needs you to boost your income. This can be through a side hustle other than your career job, or a business of your own. With this approach, you will be able to save more and saving is ideal for smart living.
4. Minimize lifestyle inflation
You don't need to visit a lodge every weekend for some 'nyama choma' with a low paying job. This drains your money and energy at the same time when you can actually save more and live a stress-free life.
5. Don't compete
Don't compete with your friends or neighbours. You will always go wrong once you start thinking of living like your friend John does. If he takes expensive vacations, it doesn't mean you have to do the same. Live a life of your own.