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A comment on Why You Should Tell Your Children How Much You Make. Parent comment

Re:Why You Should Tell Your Children How Much You Make by phaemon on Friday January 30, 2015 @03:18AM (#8971029)
Perhaps thinking of your spending as a percentage of your net income, rather than an absolute amount, would help? Have a read over:

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...

I found it provided a very useful perspective.

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Re:Why You Should Tell Your Children How Much You Make by 72deluxe on Friday January 30, 2015 @04:45AM (#8971242)
Very useful, thanks. Basically: "your age to retirement depends entirely on your savings rate, as a percentage of your take-home pay".

So, in short, try to live on less, put the rest in the bank and don't spend it. Live on what you need, avoid needless luxuries. And avoid credit card debt like the plague, right?

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