The Trouble With Being Cheap

The Trouble With Being CheapQuite a few people have been expressing their admiration for my frugality to me, so I thought it was time to rein in the enthusiasm and talk a bit about the downsides of frugal living. 1. The most obvious downside, and what I don’t actually consider a downside, is frugality makes you question your buying decisions. We live in a society that wants to sell us stuff all the time,…

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How Much Do You Need To Retire? The 10% Rule

How Much Do You Need To Retire? The 10% RuleWhen trying to figure out how much you need to retire, there are many different rules of thumb you could follow. While I’ve previously discussed the 4% rule and the rule of 20, which both calculate your likely income at retirement, the most common calculation on how much to save up to retirement may be the 10% rule. The 10% rule simply states that you should save 10% of your…

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