Personal Finance

It Is Easier to Spend Less Than Make More


This little piece of wisdom is incredibly common sense when you think about it, yet with so many Blue Pig BankAmericans in debt it’s clear that not everyone follows it in practice.



This allows you to put the extra money into a savings account so that you can have a back-up fund for emergencies, save for large purchases, or fund your dreams and passions such as travel or a hobby.

If you are spending more money than you are making, there are two solutions to this problem:

  1. Spend Less.
  2. Make More.

Depending on your situation, most people will find that making more money is the harder of the two options. Usually to make more money you will either have to get a raise at your current job, find a higher paying one, or take on a second job.

This requires a lot of extra work and it is not always possible. Also, making more money can be inefficient, because whatever extra you make will still be subjected to taxes and is worth a lot less when it finally ends up in your bank account.

By far, the easier option is to spend less. If you’re like most people, you already spend a lot of money on things that you just don’t need.

The thing about cutting down your expenses is that although you might notice the difference at first, you will soon get used to life without those added luxurious and not even notice that they are gone.

Meanwhile, your savings will continue to slowly build until you are in a wonderful position of financial security and freedom.


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