Those who feel they’ve got to own the latest device or product are going to have a hard time making it in the twenty-first century. New products now appear almost daily and are often obsolete within a month—just look at the computer industry. Remember the previous rule and don’t buy something new unless it answers a real need. People didn’t need electronic personal organizers until they suddenly came on the market. (more…)

One of the first principles of frugal living is to live under your means. If followed this principle can be a foundation on which to build other principles. The problem is that most people are not sure how to actually do it, they need a specific plan.

To achieve this goal a family or individual can use the 70/30 Rule as their plan. The 70/30 Rule (more…)