Live Within Your Means

To achieve your goals and dreams you are going to need money.

Back in the day I worked in banking and finance, and I saw first-hand just how much of a mess most people could make of their finances ~ usually due to buying things they couldn’t really afford.  The three main culprits when it came to unaffordable and expensive purchases were; cars, clothes / shoes, and vacations ~ none of which are essential.  (There’s a caveat, in that you may actually need a car and you do need clothes and shoes, but you can buy the cheapest used stuff you can find, rather than flashy and expensive.)

You do not need to be a millionaire, or act like a millionaire, to be successful or feel successful.  Financial wealth is only one indicator of success.  However, you’re going to need money just to live day-to-day, and no successful person has ever ignored their finances.  Conversely, all successful people know how to manage their money and plan their finances.  And rule #1 is Borrowing is Bad, especially if you borrow money you can’t easily pay off.

Financial planning begins with these 4 questions;

  1. How much money do you take home each month?
  2. What are your regular bills; mortgage, utilities, taxes, loan repayments?
  3. How much do you spend each month in the various stores you use; clothes, groceries, gas, booze, cigarettes, etc?
  4. What assets and debts do you have?

If you are in the fortunate position of making more money than you regularly spend, then you should also be able to work out how much you are saving each month.

You need to write all this down, either just pen and paper, or on a spreadsheet.

If you are regularly spending more than you earn, then you are heading for deep shit.

If you are regularly spending more than you earn, then you need to totally cut out some of your expenditure.  Stop buying booze, cigarettes, chocolate, and anything else you may be addicted to; gambling, porn, sex, drugs…..  Always buy the cheapest gas, buy less expensive groceries, stop eating out, stop using the deli to buy your lunchtime sandwiches and make them at home instead…..

Borrowing is Bad.  Some borrowing is worse.  PAY OFF YOUR CREDIT CARDS.  Credit card debt is ruinously expensive.  In this day and age if your paying more than 10% as an annual interest rate on a loan, then stop eating until that debt is paid off.

Some say that they can make money playing online poker.  And, that its good to go to the pub most nights a week.  All I know is that some people end up on the street.


jack collier


life on the street is no fun

14 responses

  1. I find your blog both fascinating and truthful. When it comes to money,I think people spend way out of their means to impress complete strangers. I know a complement feels good but should you literally have to pay for it?

    Liked by 1 person

    1. Many men spend money they don’t have in a vain attempt to impress women. ❤
      And, thank you. ❤ ❤


      1. Not just men,women also. Think about the award shows. Besides giving out awards more people are interested in who”they are wearing. ” All to impress.

        Liked by 1 person

  2. Great post and totally agree about always paying off the credit card. This is a must do!

    Liked by 1 person

    1. The interest on credit cards can cost a fortune. 🙂

      Liked by 1 person

  3. We went to make a purchase and had the salesman return with a strange look on his face. We had a Perfect Credit Score and he had never seen one before. He asked how we did it. We told him it was easy, we just pay our bills and don’t spend more than we make. 🙄

    Liked by 2 people

    1. I like you in so many ways ~ and now financial prudence 💖💖💖

      Liked by 1 person

      1. 🤣😂🤣
        DEFINITELY had our challenges, and didn’t always follow all your advice, but we have always had to be careful financially. We made the decision to allow me to stay home and raise babies, so we got creative living off of an educators salary.

        Liked by 1 person

  4. It’s very difficult in some areas (like here) when the cost of housing is insane, and single people on average incomes really struggle. But even so, you have to cut back and face reality. After my divorce, I knew my nicer lifestyle was over.

    Liked by 1 person

    1. Insane house prices do make things very difficult 💗

      Liked by 1 person

  5. Great advice and I fully agree that financial prudence is pivotal!

    Liked by 1 person

    1. I adore you for your honest opinions. ❤❤❤
      Shame you live so far far away from me.


      1. 14 hours flight time away from London 😉

        Liked by 1 person

        1. Now you’re just tempting me. 💘💝💖

          Liked by 1 person

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