personal finance

Money Monday: Frugal living rules

Living below your means is crucial if you’re to get ahead financially.

Being financially frugal is not just an old-fashioned trend that you can disregard in this life. MSN has a basic list of how and why to be frugal, with the article “6 Rules for Living Frugally”. Their rules?

  1. Really know your money

  2. Live below (not just within) your income

  3. Realize there’s a distinction between spending and investing

  4. Buy quality, not always cheapest

  5. Avoid debt

  6. Take time to distinguish between wants and needs

There’s so much more to their list than just this, though — read MSN’s article for more information: “6 Rules for Living Frugally”, by the Daily Bread, published April 9, 2016 at http://www.msn.com/en-us/money/everydaymoney/6-rules-for-living-frugally/ar-BBrwO5l#page=1.

 

John A Silva
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John A Silva

John Silva has over 21 years experience in residential real estate. He is a San Diego native, specializing in helping sellers & buyers, with extra experience in: modifications, short sales, and negotiation.
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