2. SIMPLE
LIVING
Simple living encompasses a number of different voluntary
practices to simplify one's lifestyle. These may include
reducing one's possessions or increasing self-sufficiency, for
example. Simple living may be characterized by individuals
being satisfied with what they need rather than want.
6. 76% of Americans
are living
paycheck to
paycheck.
43% of American
households spend
more than they
earn each year.
America's
Financial Facts
1/3 to 1/2 of a
families income
is spent on
housing alone.
50% of 1000 people
surveyed had less
than a three-month
savings cushion and
27% had no savings
at all.
1 out of every 200 homes will be foreclosed upon
7. Live Simply
Reuse what you can.
Make it yourself.
Grow and store your own food.
Get rid of credit cards. Pay off debt. Save.
Produce less waste.
Buy an used mobile home and remodel it yourself.
8. Be Debt Free
Pay off small debts first. It helps keep you motivated!
Write down every dime you spend and find the unneeded.
Stop using credit! If you can't pay cash, you can't afford it.
Don't buy a car on credit. Pay cash.
This has saved us the most money. No monthly payment and we don't need full coverage insurance.
Save for a rainy day.
Budget everything. Use the envelope method if possible.