Minimalist and/or economical living is going to help you keep your bank account from depleting as fast as it would if you weren’t paying attention to your spending habits.
Since prices have gone up it’s going to be very smart of you to find areas where you can save money. No matter your income level, the more money that you are able to put to the side the less stressful life is.
Last week I ordered a 16 ounce bottle of Aloe Vera Juice from Amazon for $8.33. Today while shopping at Walmart I noticed a 128 ounce (1 gallon) bottle of Aloe Vera Juice for $6.59. It’s obvious that the larger container was a better deal but seeing such a big difference in quantity made me think of how much more I pay attention to pricing.
Aloe Vera is a staple in the body care products that I make and I recently decided that I’m going to make all of my products by 2023. By making my own products I’m controlling my wealth even more.
See, as prices have increased many have had to make the choice of buying one thing over another. If you grew up less fortunate the current state of the economy may have been easier for you to adjust to. But if you are like millions of Americans who had to change their spending habits for the first time in life budgeting can be a challenge.
For me, personally, I am navigating this new way of living strategically and will continue living comfortably, as well as stress free.
7 figure earners listen up, it’s time to start thinking like those with a 6 figure income.
Upper and middle class individuals should begin to approach life more frugally. This means being careful of how you spend your money just because you can still afford basic necessities.
Don’t think of it as living like you are lower class, understand that this is how you are going to be able to hold on to your wealth while many others see their accounts depleted from not knowing how to adjust to our new economy.
There seems to be an illusion around what is happening in the economy. For various reasons many are quitting their jobs (the great resignation) with ambitions of becoming an entrepreneur or starting work in the gig field.
Consumers are spending less money and companies have started layoffs. Two signs that you have be very wise with your financial decisions.