Living Wealthy without Being Rich

lw-1Lacking wealth should not keep you from enjoying a lot of the finer things in life. Outside of the box thinking and old-fashioned bargain hunting can help obtain many of life’s luxuries. Whether you’re on a limited income or simply don’t like spending a lot of money, living wealthy without being rich can be accomplished.

Believe it or not, a lot of people you see wearing nice clothes, driving expensive cars, or eating at fine restaurants may not have any more money than you do. They know how to enjoy the finer things in life without spending a lot of money. Living wealthy by using a little creativity can help you live the good life without spending a fortune.

Modern vehicles are so well made that three or four year old cars often run like new, yet the cost can be half of what a new car is. The base price for a 2014 Mercedes Benz C Class Sedan is $33,794, according to U.S. News & World Report. Yet you can purchase a fully loaded 2011 Mercedes Benz C300 for $25,993 from the Mercedes-Benz dealership in Westminster, Colo.

If you’re nervous about driving a used car, then buy a certified pre-owned vehicle from a dealership. They get the exact maintenance as new cars without the markup. Not only can you cut your car payment by driving a used car, you can also lower car insurance premiums.

Thrift stores are a great place to purchase clothes, shoes, small appliances, tools and household items at bargain prices. Try shopping for designer or dress clothing at thrift stores, where consumers buy lots of fancy clothing, never wear them and then give them away. Thrift stores are also a great place to shop for small appliances because people often get them as gifts, but never use them.

Pawn shops also offer tools, jewelry, watches, sporting equipment, guns, electronics and other goods at lower prices than retailers. Sometimes incredible bargains are available at pawn shops during an economic downturn. Some pawn shops also sell merchandise online.

Consumers pay for a variety of services they never use or rarely use. Examples include conventional telephone service, internet access, cable or satellite television, newspaper and magazine subscriptions. Some people also pay for insurance, including warranties, on merchandise like electronics they never use. Eliminating subscriptions and services that aren’t use is an easy way to save a few dollars each month.

Hotels, airlines, resorts, ski areas, theme parks, cruise lines and other travel venues usually offer off-season or discount travel prices when they have a hard time filling seats and rooms. The off-season is usually when school is in session for most vacation destinations, while the off weeks for ski resorts are usually the first two weeks in April, right before many close for the season. Those who book at that time often get a discount. A little research at websites like Priceline or kayak.com can help you identify such deals. Another good way to identify the off-season is to call a hotel or a resort directly and ask about rates.