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• Living within your means isn't nasty

  Posted Jan 30 2008, 06:24 AM by Karen Datko
  Rating:
  Filed under: debt, spending, saving, Wise Bread
  Money Blog: Smart Spending Blog - MSN Money

  This post comes from Philip Brewer at partner blog Wise Bread.

  How bad could things get? The New York Times asked that question about the economic situation. It's a good question, but they gave a really bad answer.

  Here's what The New York Times had to say:

  "How bad could things get? Pretty bad, say many economists. Not so bad that your grandfather's prescriptions for enduring the Great Depression need dusting off, but nasty enough to force many Americans to get reacquainted with living within their means. That could make life uncomfortable."

  OK, the title of this post is unfair. Peter S. Goodman (the author of the piece) didn't say that living within your means is nasty; he said that about the economy. He said living within your means is "uncomfortable," but that's still completely wrong.

  Living within your means is the only comfortable way to live.   Read More...

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