Regardless of your financial position, there are many good reasons for reducing your expenses. Here's my top three:
1. You never know what's around the corner. Illness and injury can strike anyone at anytime, and job security is a myth. Having at least 3 months of living expenses tucked away gives you some breathing space to deal with the unexpected, and the ability to walk away from toxic jobs or relationships (dubbed the 'F*#@ You Fund' by one budget expert).
2. We are drowning in stuff. Over-consumption is bad for the planet, and clutter is bad for our mental health.
3. It encourages more considered, meaningful expenditure. There is a big difference between cultivating valued possessions and just buying stuff.
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