Practical Tips on How to Start Downgrading Your Lifestyle

There’s nothing wrong with living extravagantly. As long as you have the means to support your lifestyle, you should feel free to live your way.

But if you suddenly find yourself in a situation where you can no longer afford to keep up with your high-end ways, then it’s time for a downgrade.

Here are some tips to help you ease into it.

Assess Your Situation

Firstly, know where you stand.

Understand why there is a need to downgrade your lifestyle. And while at it, find out how badly you need to downgrade and how quickly you have to do it.

This matters because it helps you get on the right track. If you start downgrading your lifestyle without knowing why you’re doing it can make the task challenging. You’ll end up with doubts and lots of unnecessary questions.

It’s also not advisable to approach this halfheartedly because the chances are, you wouldn’t want to do it, at all. So it’s either you do it or don’t.

Otherwise, you can easily get discouraged by the littlest inconveniences along the way.

Think about it. If you don’t know the purpose of something, will you even bother doing it? If this were the case, you’re basically wasting time.

Get a Bike

Then go ahead and sell your cars and use the money to buy a bike!

You can read this review about the Schwinn Phocus 1600. And maybe go with that?

Inarguably, riding a car is convenient in its own way. But isn’t riding a bike also a convenient option? After all, it helps you get to your destination, too!

Granted you’re in good physical shape, riding a bike is practical.

For one, it’s an economical option. When you ride a bike, you won’t need to buy fuel.

For example, if you usually spend about $700/month on fuel, it just means you’ll be giving that same amount to your pocket. In 10 months’ time, that’s $7,000 on your savings account!

It’s a health-wise and an environmentally-friendly activity, too! A bike lets you get a fix of exercise while not letting you contribute to the existing carbon emissions.

Wrapping It Up: Why Downgrade?

As mentioned earlier, you need to downgrade if you can’t afford to go big anymore.

Compared to an alternative, which is finding another source of income, this is the easier option. You won’t have to stress yourself as you figure out another way to come up with money.

Besides, you’re already living the lifestyle you want with this option. You simply have to tweak certain aspects.