Living beneath your means and living within your means are similar ideas. You're earning more money than you're spending. This allows you to save money for your financial goals, and it also gives you a cushion in case an emergency arises and you need extra cash.
When you say you live within your means, this means your lifestyle is perfectly aligned to how much you earn. This is significant to incorporate in your financial life because it helps you practice self-control and discipline in your wealth and finances.
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Answer:
Living beneath your means and living within your means are similar ideas. You're earning more money than you're spending. This allows you to save money for your financial goals, and it also gives you a cushion in case an emergency arises and you need extra cash.
When you say you live within your means, this means your lifestyle is perfectly aligned to how much you earn. This is significant to incorporate in your financial life because it helps you practice self-control and discipline in your wealth and finances.