Well that's the truth just so we can live a comfortable life at all times,it's better to live below your means and the only way you can do that is to reduce your spending.You spend less on clothes,accessories,getting top model of cars and many other things,that way you're left with so much money to save and invest for other financial purposes.
It doesn't necessarily mean you will deny yourself of your happiness and comfort,In essence, it’s spending less than you earn simple as that.its more about having a smart spending and exercising saving decisions.
Reducing expenses is indeed a very good thing if we can do that, because if we force ourselves too hard to follow current trends, of course the expenses we have will be very large, even the income we have will not be enough to meet the needs we need and what's worse Again, we have to look for a loan that can meet our needs and when we get income, we have to pay off the loan we took.
Choosing not to live in luxury and saving some of the income we have is certainly very good because if we have savings, of course we will be able to invest in our future so we can achieve financial freedom.
It's not enough to just cut down on expenses if you want to improve your financial situation. In addition to reducing expenses, it's important to find a well-paying job or a side hustle. Simply reducing expenses won't be enough, especially with the rising cost of goods and services. If you keep cutting back without finding ways to increase your income, your budget will remain tight, and you won't see any progress. In the end, you'll still find yourself struggling with expenses.