Many of us spend more than we realise. From grabbing a takeaway coffee each morning to buying lunch at work, these small purchases can quickly add up and often leave us living beyond our means. Sometimes, without even noticing.
But you don't have to give up the things you love to live a meaningful life – figuring out what brings you joy and purpose is key. It's about being money-smart and not overspending – spending with intention, rather than emotion.
By having a better mindset on money both now and in the future, you can focus on the things that matter most, like travelling, new experiences and the freedom to enjoy life how you want (which can absolutely include takeaway coffees!) – without any financial fears.
Want to learn how to make the most of what you have? Keep reading for practical tips on finding joy in the everyday, all while living within your means.
Living a minimalistic life
It's easy to get caught up in the idea that you need lots of things. With clothing trends and new gadgets constantly being released (as well as the pressure that comes with it), it's no wonder that many of our homes are swamped with ‘stuff’ we don’t need.
By avoiding excessive consumerism and living within your means, you’re more likely to gain better financial stability and the freedom to spend your money on what really matters to you. All of this could ultimately contribute to a greater sense of wellbeing and overall happiness.
Our article on how to win at shopping (and avoid buyer’s remorse) could help.
Being content with what you already have
With that in mind, fulfilment comes from finding appreciation and value in what you already have. In a world that usually links having more belongings and money with happiness, it's a refreshing perspective when you find joy in what you own instead.
You don’t always need to chase the next best thing. Maybe you have a favourite book that brings you genuine happiness every time you read it, or a teddy given to you when you were a child. It’s more meaningful to have possessions that have significant meaning, rather than constantly accumulating new ones.
Enjoying hobbies and activities without overspending
Not every passion requires a big budget. Some of the most rewarding hobbies and activities could cost next to nothing (or less than you expect).
Perhaps you could consider pursuing hobbies that use what you already have. If you own a camera (or even just your phone), for example, you could start exploring photography. Pick your favourite location and try it out. Research simple tips and tricks on different settings, and snap away.
Go back to basics and enjoy simple pleasures like reading, writing, or drawing. These activities don’t require a significant investment and can often be done for free, or with minimal funds. Starting a book swap with friends, family or colleagues could help keep costs down, too.
You could even combine hobbies with exercise, too. Go for a walk or a run and explore your local area. Not only are you making it a valuable way to spend your time, but you’re also helping to keep your body (and mind) fit.
Spend more time in nature
In modern times, we tend to enjoy spending money when connecting with others, whether going out for lunch, or a drink. But there’s plenty ways to spend valuable time with your loved ones without spending a fortune – or even a penny at all.
Connect with others by doing free or low-cost activities. For example, rather than heading to a coffee shop you could go for a long walk in your local park with a flask, or picnic made from what’s in your cupboard.
Being outside in nature, with its unique sights and smells, can bring with it both physical and mental health benefits.
Navigating societal pressures and money
It can be hard to say no to an invitation when your friends are heading out. While there’s nothing wrong with going out and enjoying the odd weekend, it can quickly strain your budget when it's on a regular basis.
Try not to let yourself be influenced by societal pressures or the fear of missing out (FOMO). It's okay to say no. Stay true to yourself and avoid comparing your life to others.
A tip? Try making better comparisons – they say it that comparison can be the thief of joy, after all. But it’s human nature to compare ourselves to others, so trying to eliminate it from our thinking completely can be difficult.
Our article on comparing yourself to others covers this topic in more detail, if you’re interested in learning more.
Spending for the future
When you spend with intention – and with joy and purpose at the forefront – it’s helping to support the life you want to live today, and tomorrow. It’s a skill that helps you build the life you want to live in the future – and that can go as far as retirement.
Check out our article on spending with the future in mind for more information.
Finding out your money personality type
We all deserve to feel good, both mentally and physically – and, in turn, live our best life. But simplifying your life and living within your means isn’t about doing without. It’s about making responsible choices that align with who you are as a person today – and what brings you genuine joy. By making conscious spending decisions, you could find greater happiness in simple pleasures.
Recognising your values and behaviours in our Money personality type quiz could help you financially plan in a way that fits. Figuring out which money personality you are can be a helpful way of finding out what makes you tick, and planning your best life with this in mind.
Want to find out more about how to life a meaningful and fulfilled life with what you have? Head on over to our Money:Mindshift hub where you’ll find tips and tools through engaging articles and insightful podcast episodes on how to live a happier, longer life.