Declutter Your Finances

Step 5: Discuss Necessities vs. Luxuries

Once people get their hands on a little bit of money, they start to think that luxuries are essentials and will do anything to keep their lifestyle, Peter says. "There are very few luxuries in your life that are essential to you: your family and their happiness," Peter says. "Sit and talk with your spouse, partner or family, and separate what you consider to be necessities from the luxuries."