"A penny saved is a penny earned."

10 Steps to Simplify Your Life
1) Relationships: Sort through all the relationships you are part of, and weed out the good from the bad. Only in this is there the possibility to gain fresh new outlooks on the world and on other people.

2)Possessions: You are not your possessions, you are not your friends and family, you are not your awards and degrees. You are matter made conscious. You are a physical object with the ability to think!

3) Money
It is an undeniable fact in life that we need some sort of currency in order to survive. Whether that form of currency is money, services, barter, we all need something to offer to others in exchange for something we think we need. Benjamin Franklin said "If you know how to spend less than you get, you have the Philosophers-Stone." which has been interpreted as "If you spend less than you make you will gain wealth." This is an absolute truth, there are very few in the world but one of them is if you give less than you take you will have surplus.
This is why it is so important to limit your spending in life, to evaluate what is really worth your hard earned money or what is just extravagant and what is useless. Many people have bills that take up much of their income. So after that they have very little to put in to recreational activities or objects. So they put themselves in to debt with credit companies, adding yet another bill on to their already overwhelming monthly payments.
Living in a constant state of debt and with many bills will only assure never accumulating any wealth and living to work just to pay back the price of living! We as a society have become so used to this method of life that we don't even question it. First things first eliminate as many bills as possible, reevaluate eating habits and vices such as smoking and drinking. The bills you can't get rid of, attempt to lower as much as possible. Use less electricity and water, or invest in renewable energy. Get VOIP to use at home instead of wasting your cell phone minutes. There are so many ways to lower your monthly bills, and in turn increase your monthly wealth.
With less expenses you have the ability to relax and work less, or work the same amount but have extra money at the end of the week to save or spend on a luxury. Money is important, we need to earn it, we need to spend it, but it should not be the all encompassing reason for our lives. We should not spend our entire life in the constant pursuit of it thinking that it will solve our problems. Lastly we should not waste the money we do have!