However, financial woes can be avoided by living a low-cost lifestyle. And its benefits are rewarding.
1. Low-cost lifestyle provides room for more career freedom. When you have your basic covered, you can slowly work your way up at a pace you can manage. This is quite impossible if you have a luxurious lifestyle to begin with.
2. Low-cost lifestyle offers lesser stress. Expensive habits may result to unnecessary worries of having to pay for bills. The scarcity of resources to support luxuries may even push you to work extra hours or find an additional job. An extravagant lifestyle coupled with piling debts are great stressors.
3. Low-cost lifestyle allows you to focus on the more important things. Life becomes more enjoyable when you go through it slowly. You can have more time to spend with family and friends. You can experience a bit of financial freedom which may not be possible with a luxurious lifestyle.