With prices rising higher every month and wages remaining stagnant (if you are fortunate enough to have a job), more people are yearning to learn about frugal living every day. Because I’ve heard some people deny the frugal lifestyle as one of deprivation and suffering I thought I would set the record straight with a basic definition of frugal living. Continue Reading →
If there is one piece of personal finance advice that is agreed on by pretty much every personal finance expert and guru it is “Live on Less Than You Make”. Since much of personal finance is based on common sense you can see why everyone would agree on this one small step. It’s amazing to me that our parents and grandparents and pretty much all of our ancestors followed this advice without even considering it was necessary and yet our generation seems to need reminding. Where do we think the extra money is coming from to cover our red ink and to support us in our retirement? Continue Reading →
As you can probably tell by now from my writing and comments on other sites I am much more focused on the income side of the equation when it comes to balancing a budget, becoming debt free and savings. That’s not to say I don’t pay attention to expenses at all, nothing could be further from the truth. I just think that in the long run most of us are going to be better of finding ways to increase income rather than cut expenses. After all, you can only cut back on your expenses so far (even Heidemarie Schwermer and Mark Boyle can’t cut anymore), but you can theoretically increase your income without limits. Continue Reading →
Readers Speak Out