December 13, 2005

How to Live Within Your Means: A Tutorial

MEG McARDLE HAS POSTED a downright fantastic series of personal-finance essays on her blog looking at living below one's means, why one ought sacrifice today to benefit tomorrow, and related topics. For readers interested in personal-finance matters, these essays are must-reads: they boil down a lot of the wisdom out there, leave room for enjoying one's priorities in life, and so on.

One thing I would add is that living below one's means doesn't merely let one save money for the future; it also means one has freedom of action. It's a lot easier to take opportunities or deal with tough shakes in life if you have ready cash on hand.

Posted by Benjamin Kepple at December 13, 2005 07:09 PM | TrackBack