Are You Living Within Your Means?
You may have heard the Jim Rohn quote, “You are the average of 5 people you spend the most time with”. Whether or not you agree, your friends, family and colleagues can easily affect your spending habits.
What’s the problem with comparing your bottom line to others? A lot depends who you surround yourself with — it’s much easier to let your budget loose when you’re trying to keep up with big spenders.
The only real way to know if you’re living a responsible lifestyle is to check in on your own finances. Take our short quiz to see whether you’re living within your means right now!
I spend at least 40% of my monthly income on my mortgage/rent.

Over the past five years, I’ve substantially upgraded my living arrangements and/or car.

I owe less debt today than I did a year ago.

I pay my credit card balances in full every month.

In case of emergency, I have enough funds in savings to cover

I save money in a retirement fund each month.

I _________ run out of money at the end of a pay cycle.

I regret purchases after making them.

Going out with my friends is expensive — there aren’t many cheap alternatives.

My credit score is lower today than it was a year ago.

Except for rare or extreme situations, if I don’t have enough cash to pay for something, I won’t buy it.

If You’re Living Within Your Means…
Great job! Based on your responses, it looks like you’re living within your means. For more low-cost entertainment, check out these fun activities and ideas:
If You’re Your Responsible, But Could Use Some Work…
Based on your answers, it seems like you have a responsible budget. It’s good to have some room for unplanned expenses and the occasional treat for yourself, but prioritizing debt can help you in the long run. If you want to stretch your money even further, these resources can help you get started:
If Your Lifestyle Isn’t Sustainable Right Now…
It seems like you might not have the most sustainable lifestyle right now. Without a practical budget, debt becomes much harder to eliminate. Here’s what you can do to save and earn more money: