While that sounds crazy on the surface, it really isn't. For one thing, your necessary household expenses (rent, food, utilities, etc.) don't generally scale linearly with your individual income; your expenses don't double when your income does. For another, absolute value, not just percentage, matters. Spending an extra $240 a year matters a lot if you're making $25K; if you're making $150K, it matters, well, less.
I always heard adages and advice about "watching pennies." In practice, though, I've found that I'm far better off looking after the pounds and not worrying about the pennies: that is to say, set up savings targets that get treated like necessary expenses, and to not worry too much whether lunch is $7 or $12.
I always heard adages and advice about "watching pennies." In practice, though, I've found that I'm far better off looking after the pounds and not worrying about the pennies: that is to say, set up savings targets that get treated like necessary expenses, and to not worry too much whether lunch is $7 or $12.