I am sure that you already know that the more you earn it's also the more you spend and it's very important not to spend more than you are earning because you will be a defaulter because am sure with such stand he or she can not pay back his or her depts.
However, one must learn to cut their costs according to their size. Which means if you want to want to begin investment and saving and keeping a standard of life, you should also earn more. But if you are earning lower, you should maintain a certain standards do that you can meet up.
One should live below their means, otherwise, you will have financial trouble later on. Much better to take care of your financials before anything else, luxury or other needs, because you will be the one suffering from its repercussions later on. As much as possible, save something even if it is in small increments of savings.
It should be like that but it is not easy to do because the demands of the standard of living in our environment also influence someone to force themselves a little to be able to fulfill it, even though it is a mistake and will have fatal consequences for the future but in reality we see many such things happening in the real world.
In my opinion, the standard of living must still be maintained and we must be able to fulfill it as it is in our environment but it must still be included in a reasonable category and to be able to fulfill all of that we must be able to get out of our comfort zone and make more money regardless of how but we must have great ambition to be able to fulfill everything.