Live Within Your Means, Part 1

To live within your means is to buy only what you can prudently afford, to avoid debt unless you have assurance that you will be able to pay it promptly, and always to have something put away for a rainy day.  It was quite a fashionable way to live one short generation ago, before we started living beyond our means.  There are two sides to the coin of living beyond your means.  The shiny side is that you can have everything you want right now.  The tarnished side is that you will pay for it with your life.

Joe Dominguez, Your Money or Your Life



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