Frugality has become a lifestyle. Millions of people in retirement are choosing it today; millions more have always had to live this way. Whether by choice or necessity, living a more austere life requires sound planning skills and real discipline. It's not easy and they don't give out Academy Awards for Cheap. Even to Baby Boomers.
The financial industry does, however, shower us with inducements and apparent rewards for financial over-indulgence. This helps explain why President Obama dressed down the credit card companies last week. And why many of us are forced into debt consolidation and counseling programs. And, lastly, why seniors in particular continue to be stalked by financial predators. Here are 30 daily tips to improve your understanding of the world of personal finance, courtesy of Money Management International, a credit-counseling agency. April is Financial Literacy Month (no wisecracks, please) and the tips are presented on a special web site set up to provide a daily dose of self-improvement during the month. If you go through the 30 steps and take them to heart, you will know a lot more about your finances and yourself, and you will be better prepared to face what continues to be a challenging and uncertain future. Start at the beginning or pick a topic that interests you: