Comments on: It’s Not What You Earn, It’s What You Spend.

By: jefferson

jefferson — Mon, 23 Jan 2012 21:21:27 +0000

great read.. and i know in my heart of heart that you are correct.

i have seen my salary double in the past 10 years, but i find myself having a hard a time as ever spending less than i make. why is it such a struggle for me admit that my spending is a problem? i don’t live a crazy luxurious life..

By: susie

susie — Wed, 11 Jan 2012 21:48:00 +0000

I couldn’t agree with you more. My husband and I both came to these same conclusions when we were first starting out together, which meant we were very poor at first. But time flies when you’re having fun, and now things feel more secure. And we have now both built businesses doing what we love.

By: Corey @ Passive Income to Retire

Corey @ Passive Income to Retire — Sun, 08 Jan 2012 01:04:16 +0000

This is so true. My brother and sister-in-law make more than my wife and I, but we live well below our means and are doing much better than them financially.

By: Antje Cobbett

Antje Cobbett — Mon, 26 Dec 2011 20:41:51 +0000

And at times, patience is another virtue when it comes to spending or not spending money. I was limping along with a low mobile connection, but couldn’t spend more money to make it faster. So I just carried on and now I have satellite internet thanks to a subsidy of the Spanish government for deprived (me) rural areas! The installation would have cost 600 Euros, I only paid 30 Euros.

We don’t always need to have everything AT ONCE. Patience can often save us money!

By: Bill Swan

Bill Swan — Mon, 26 Dec 2011 19:55:38 +0000

There’s a whole industry geared towards this vary problem. As long as people think there is a quick solution to their problems, the problems will never go away.

By: Jonny Debt

Jonny Debt — Wed, 21 Dec 2011 16:50:27 +0000

Spending control is always a huge barrier to managing income, because generally we all live to our means and spend close to what we earn. I completely agree that appropriate management of spending can bring huge savings, which can reduce the likelihood of needing a second or more lucrative income

By: Jonathan

Jonathan — Sun, 27 Nov 2011 11:56:39 +0000

Generally I would agree with your views on this and I totally agree that getting control of your spending is essential, but there has to be a balance, after all you can only cut back to a certain extent, before you then need sufficient income to manage. I think it’s an excellent principle though

By: Pam

Pam — Sun, 20 Nov 2011 23:05:21 +0000

I think you hit the nail on the head! It’s so true that it’s really not about how much you earn but how much of your earnings you actually spend that’s key. Also, I agree that life is so much more than just about making money. Unfortunately, too many of us realize this way too late in life. Thanks for sharing!

By: Shaun @ Smart Family Finance

Shaun @ Smart Family Finance — Sat, 12 Nov 2011 02:25:22 +0000

I once read an article at WSJ where a high school grad could out save a college grad by saving the same percentage of income.

Spending should be the first place to look, but I like to look for ways to make money as well.

By: Maggie@SquarePennies

Maggie@SquarePennies — Fri, 04 Nov 2011 18:16:55 +0000

You are wise to figure that out by age 30! Many never realize it. The cool thing about being frugal is that you see more and more what is really important to you. Then you can put your money towards that instead of what others think is important. Ditch the Joneses!