“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.”
Category Archives: Personal Finance
“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.”
It’s that time of year — when everyone’s telling you that your New Year’s resolutions can help you lose 50 pounds by beach season, revolutionize your career, and save enough to buy a Mercedes with cash by December. But despite our best intentions, almost none of us is going to become a brand-new person the moment 2015 dawns.