How to Be Thrifty

Never forget the prime rule - Pay yourself first.

Put a little aside every pay period, even if it's only a couple of bucks. Back in the 70's the company I worked for had a payday savings plan, I started out by putting $5 in it each week. Every time we got a raise (usually 25 cents an hour twice a year) i put more money into the savings. In 1981 I used that money to put a down payment on a house and by the time that company closed (1994) I was putting $100 a week into the plan and several hundred per month into mutual funds as well.

If you make saving a priority you can make your life a lot easier. i retired at 62 (mortgage free) and to this day I think twice before buying things I don't "need"; I still treat myself occasionally - I'm going to order a refurbished Nikon DSLR in the next couple of weeks

Bobc of MA 10:40AM February 16, 2011