April 2011 Archives

"I can't spend": Confessions of a frugality fanatic.

I hear a lot of confessions about money. So many, in fact, that sometimes I wonder what being a priest would be like. After a recent keynote, one of the attendees came up to me and nervously revealed his biggest financial challenge: "I can't spend", he said. And he wasn't being funny. He knew that his lack of freedom around money was causing stress in his marriage and a lack of fulfillment in life.

Sustainable Spending: What the Green movement can teach us about managing money.

In an environmental context, "sustainable" refers to something that can be "maintained at a steady level, without exhausting natural resources or causing severe ecological damage". I have reapplied that idea to personal finance with what I call "sustainable spending". That is, to maintain your spending at a level which will not exhaust your resources over time.

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