Over on our blog, my wife and I frequently talk about the joy we’ve found in spending less than $12,000 in our first year of marriage. Spending so little started as a challenge, but resulted in a way of life.
There is something extremely rewarding about our experience. It reaches far beyond a full bank account and into something much bigger. It touches on the importance of discipline and restraint. It forces us to evaluate our lives and our habits.
I would encourage everyone to actively attempt to reduce spending. There are numerous benefits outside of dollar bills, but the biggest motivator for many is likely to be the idea of financial freedom – or that magical point when passive income covers all living expenses. The ability to choose your career decisions is huge, especially for those who don’t enjoy their current employment situation.