Living beneath your means and living within your means are similar ideas. You're earning more money than you're spending. This allows you to save money for your financial goals, and it also gives you a cushion in case an emergency arises and you need extra cash.

Finding the Truth -    • Looking for the Truth (Seeking) | Ear...  

Living within your means has its many benefits, one of them being that you're less stressed in your financial life. Since you aren't stressing over where all your money went or how to pay the bills while still getting the life you want, you have fewer things to worry about.

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