Living below your means can provide excellent value to your life. Not only can it help you build wealth, but it can offer other great benefits to your life as well. You are able to make long-term goals like saving for retirement or even being able to manage your money every month.
As we live below our means, we can hit our financial goals quicker. The difference of saving an extra 5-10% of your income can be a difference of years to hit our financial goals. A reasonable savings rate can go a long way.