Why I Spend Under $1,181 Per Month

I spend under $1,181

How often have you overspent on your monthly budget?

Don’t worry. We’ve all been there.

I know that living a frugal life is important. And I learned this lesson the hard way.

I didn’t know much about budgeting when I was 18.

So I was like a kid in a candy store when the bank sent my a credit card. Without me even asking.

Unlimited free money!

I only had a part-time retail job at the time. And this new credit card topped up my earnings.

Buying loads of new clothes was great. And the clubbing was fun.

But receiving a letter saying I’d maxed out my credit limit was not.

It took me a couple of years to recover from that misstep. But it taught me a valuable life lesson.

‘Live within your means’.

A fancy way of saying spend less than you earn.

I’ve now taking that to a new level.

Spending only $1,181 per month on expenses.

And saving the rest for a rainy day.

But I’m definitely not living a substandard life. We have a high quality of life and have never been happier.

It turns out money can buy happiness. And I don’t mean material possessions.

I’m going to share with you 7 reasons why I spend under $1,181 per month. And why you might want to consider doing the same.

1. I have a buffer against disaster

How stressful is a broken fridge? Or leaking pipe?

The answer depends on how much money you have.

A large bank account = a stress rating of 2/10

A negative bank account = a stress rating of 10/10

Money doesn’t buy happiness directly. But it does buy the time of a contractor who can fix your problems. And that sounds like happiness to me.

2. A positive bank balance is true freedom

Money buys you a ticket to your favourite holiday destination. And the petrol to get to the airport.

You are stuck without money. Stuck at home with nowhere to go.

Living a frugal daily life sets you up for future experiences.

And stops you from relying on the bank. Who profits off keeping you in a prison of debt.

3. Buy less random junk

Impulse purchases are not great on so many levels

Nothing worse than a cluttered house. Full of distracting items that you never use.

Many of us think we need a bigger house. When in reality we need less stuff.

Living on less than $1,181 per month stops me from making mindless purchases.

I’m not a minimalist. I’m just practical.

4. Less stuff = Less stress

Having a lot of stuff causes anxiety.

Having an unnecessarily big house leads to more cleaning. And more opportunity for broken appliances.

Keeping life small lessens the burden of bills. And makes life simple.

Do you really need to double your mortgage to get the 4th bedroom? Maybe. If you have 3 kids.

But if not – it might be worth rethinking.

Keeping a positive gap between income and expenses builds contentment. A huge mortgage builds anxiety.

5. I tried spending more and I was not happier

Spending money on material possessions doesn’t always make me happier.

I like nice clothes. I have a nice house and a decent car. My basic needs are met.

Spending an extra $1,000 per month did nothing for me.

$150 dinners don’t feel better than a $50 trip to a local restaurant or cafe.

My wife and I love playing sports and taking long walks. Both of those things cost almost nothing.

I doesn’t mean don’t do anything fun. But don’t be fooled into thinking that more expensive = better.

The best things in life really are free.

6. I’m building a business

I would rather reinvest my earnings into my company.

Our coaching business is on a mission to help more people. And so am I.

That’s the priority.

I would rather live a frugal life and invest in building a brand that will help millions of people. Rather than investing in my personal life.

This is about priorities.

7. There’s nothing else I need right now.

But that might change in the future.

More kids = more money. But for now, I am content.

It might take you $2,181 per month to feel content. And that’s your story.

But for me – I’ve got everything I need.

Thanks for reading and have a fantastic week.

Look after your finances. And enjoy a life without fear.

Best wishes,


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