Being Thrifty?

Out of context: Reply #45

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• monNom0

  1. keep monthly expenses low to allow for saving. (cheap phone, no/low cable, cheap apartment, etc.)
  2. use those savings to buy the big-ticket items that you need rather than financing them (car, schooling, maybe a condo).

  Do it that way and you've got even more money since you're not paying anyone interest. (ie 50% extra for that car over it's term, 60% extra for school until you pay that loan off, 100% extra for that condo you already overpaid for)

  building a solid rainy-day fund is the key to happy life.
  

  monNom 0Permalink

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