Before kicking off on how you can live a luxury lifestyle, take a step back and really think about what that actually means to you.

The concept of luxury is very much a personal thing, and your idea of luxury may not be the same as the person sitting next to you on the train. It’s a common misconception that luxury has more to do with net worth than it does about happiness and fulfilment.Sure, having a high disposable income can definitely make life easier, but it does not solve broken relationships, it cannot cure illnesses and it cannot bring people back to life.The truth is, finding inner peace and happiness with your own life and surroundings is what it truly means to live a luxurious lifestyle. It’s a feeling; a feeling that you are living your absolute best life and nothing less!

Many people overspend and rack up thousands of dollars in credit card debt to live a lifestyle they believe will make them happy,This in turn, adds stress and worry  causing unhappiness. Believe it or not, living frugally can actually make you happier than living lavishly.

Living a frugal lifestyle isn’t necessarily about pinching pennies and denying yourself things you want. It’s about making your life easier and worrying less about money.

Now, you may be thinking , but how do I get started? The key is to start small. Make a list of what you’d like to accomplish, how much money you’ll need to achieve it, and formulate a plan. Figure out expenses you can live without. Instead of buying high-priced gourmet coffee at a drive-thru in the morning, brew your coffee at home. Brown bag your lunch rather than eating out. Make a weekly meal plan and cook your meals at home. These items alone can potentially save you hundreds of dollars a month.

If you’re paying down multiple credit cards, look into consolidating them into one loan or to a single, lower-interest credit card. This can give you significant savings on interest charges. Check out our low interest credit card options . Once you’ve consolidated your credit card debt, keep your your oldest credit card, but use it infrequently and close all others. 

Learn to stretch your money as far as you can. When purchasing groceries, clip coupons and look for sales. When purchasing clothes or other non-grocery items, check thrift stores, yard sales and clearance racks for the best possible deals.

Look for ways to lower your monthly bills. Are you paying a huge bill for cable TV? Could you live without it? Many people pay a large cable bill and only watch a handful of channels. Check to see if there is a cheaper package available. Is your electric bill higher than it should be? Try hanging your clothes outside to dry rather than using your clothes dryer whenever possible. Also, washing your clothes in cold water instead of hot will save your hot water heater from working as hard – and your clothes will still get cleaned. Another good habit to get into is unplugging electronic devices when you’re not using them.