The phrase "keeps within means" is spelled as /kiːps wɪðɪn miːnz/. The pronunciation of the word "keeps" starts with /k/ sound followed by a long /iː/ sound, and the /s/ sound is added at the end. The word "within" is pronounced with the short /ɪ/ sound followed by a long /iː/ sound, and the /n/ sound finishes the word. The word "means" is pronounced with a long /iː/ sound followed by the /nz/ sound. Together, these words suggest that one is staying within financial limits to avoid overspending.
To "keep within means" refers to the act of living within one's financial capabilities or staying within one's budgetary limits. The phrase implies being mindful of one's income and expenses, and making prudent choices to avoid overspending or accruing debts beyond what can be comfortably paid off. It emphasizes the importance of avoiding extravagant or lavish purchases that surpass the financial capacity of the individual or household.
Keeping within means involves adopting a responsible and disciplined approach towards money management, recognizing one's financial limitations and adapting one's lifestyle accordingly. This may include different strategies such as tracking expenditures, setting a budget, prioritizing essential expenses, and carefully weighing the necessity of discretionary spending. It also entails making informed decisions about loans, credit cards, and other financial commitments, ensuring that they align with one's abilities to repay them in a timely manner without impeding the stability and well-being of the individual or their family.
The concept of keeping within means promotes financial stability and security, as it prevents individuals from experiencing financial distress or falling into a cycle of debt. It cultivates a sense of financial responsibility and self-control, enabling individuals to maintain a balanced and sustainable financial lifestyle. By adhering to their means, individuals can build savings, manage unexpected expenses, and achieve their long-term financial goals, ultimately leading to a more secure and stress-free financial future.