“You hear it all the time, here and many other places: Debt is bad — evil, even — you know, like smoking and drinking and gambling. Yet, despite overwhelming evidence that smoking is bad for us, almost one person out of every five still smokes. And in the past year, that number has not declined significantly.”
What’s your position on debt? Read this first.
“Since savings is money you aren’t spending, and since money is just a tool which allows you to be free to do various things (beyond that necessity spending!), knowing your savings rate allows you to gauge how free you are to do various things.”
Why Should You Track Your Savings Rate? – Don’t Quit Your Day Job….
“When I first truly realized how deep our financial troubles were, the first thing I did was go to the library and check out a small mountain of personal finance books. Those books were full of great advice, but the pieces that really stuck out at me were the ones that really spoke to my situation of someone earning a solid income yet still struggling with debt.
What did those books tell me to do? Set relatively short-term goals with exciting outcomes.”
Setting Attainable and Exciting Financial Goals – The Simple Dollar.