Simplifying your life can also have a great impact on your expenses in a number of ways:

1) Cut out distractions. Watching TV for hours or filling up every minute with social distractions is a problem, since it means less time for career planning, work, and planning your finances. When you cut out distractions, you have the time and space to see what really matters.

2) Cut out unneeded expenses. Distractions are often costly. All the stuff we buy and do that lead to a cluttered life in the first place don’t just drain our energy – they drain our pocketbooks. By leading a simpler life – cutting back the magazine subscriptions, fancy cable package, added events – we spend less.

3) Focus. When our lives are not so full, it’s easier to focus on our jobs, finances, and other areas of our life that need attention. When we’re not running from place to place, we can focus on paying back those personal loans, building up that emergency fund and being generally kinder to ourselves.