Spending less than you earn is one path to financial security. But that doesn’t have to imply a spartan lifestyle. While living small, you’re still able to enjoy yourself.

1. Concentrate on the advantages  

Possessing a financial buffer makes you the boss of your cash, instead of somebody who scrambles until cash. It grants you the ability to coolly handle an unexpected car repair or medical bill, save for retirement and also fund your dreams, whether that’s a Craftsman-style house or starting an Etsy business.

“Being frugal doesn’t mean you’re cheap. It means you want to invest your money in things that actually matter,” says Lydia Senn, a lifestyle blogger at Frugal, Debt-Free Life.

Financial experts often advise living on at least 15% less than the amount you get. We asked several for their best advice about the best way to live without feeling like you’re missing out.

2. Be your cash’s boss  

The action of delegating a project for each and every dollar can be enabling. The popular 50/30/20 budget advocated by consumer advocate Sen. Elizabeth Warren, D-Mass., divides money into the classes of needs, wants   and savings and debt repayment.

“Create choices for the month in the silence of your head, or together with your partner, in progress — not in the moment. That way you can feel great about your spending,” says Charlie Bolognino.

3. Save the top

Money from each paycheck ahead of you’re penalized by it. Once you begin, it becomes painless to save through 401(k) paycheck deductions at work, or automatic monthly transfers into a savings or investment accounts.

“Start small and include a percent or two each time your income goes up,” says Leon LaBrecque, CEO of LJPR Financial Advisors at Troy, Mich..

4. Pay yourself

Whether a smartphone, vehicle or college education, keep making the exact same payments you & rsquo but guide them to your self when you finish paying off something. Stash the money in an interest-bearing savings accounts, and let it accumulate. The next time that you would like to buy something, feel deprived’s opposite — and you can pay money.

5. Live one income off  

Many families naturally their lifestyles to budget based on money that two jobs bring in. But think about the benefits of creating a decision to live only one salary off. If it’s potential, arranging rsquo & your household costs so just one individual;s cover covers significant financial freedom is provided by the bills.

Earmark the paycheck for maxing out retirement savings, investing or paying off debt. Additionally, it gives flexibility for lifestyle events with one parent stay home with young kids for a time or such as a sudden job loss.

6. Cut meaningless expenses

Are you eating out too frequently, subscribing to cable stations that are dull or paying for memberships? Eliminating costs you don’t even care about frees up money for things you appreciate.

7. Write down everything you appreciate in life  

Then look in the last financial statements. Do your purchases match your values? “There are often lots of things we could go without, but we buy them without even believing,” says Jared Paul, a certified financial planner in Latham, N.Y.

8. Right-size your home   

Hold back from buying the house. Instead, make the house and buy the fixer-upper that is little your own, says Diane Manuel. This way you’ll be able to enjoy your nest extended like maintenance, insurance and taxes by the costs of homeownership.

9. Drive utilized  

Do you really want that new car that loses 20% of its worth since you features a monthly payment that is $ 500 and drive it off the lot? Purchasing paying money, and a previously owned car, means the strain of an auto loan skips on top.

“Remember, your car is simply shipping. Used cars from rental agencies are great” under warranty and to buy, Manuel states — & ldquo mileage. ”

10. Pay less interest

Consider consolidating your debt if you carry balances on charge cards that are high rates. With good credit, you might be entitled to a balance transfer credit card at 0% interest for 12 weeks or even longer. Look out for transport fees, and transfer an amount you can afford to repay the speed jumps and before the period expires.

Or refinance from a credit union, bank or lender that is internet. You & rsquo; ll be free and on faster with less attention to pay.

MORE: Where to Get a Loan

MORE: 3 Approaches to Pay Off Debt

MORE: Foolproof Ways to Build Wealth