Spend-Less-Than-You-Earn

The Simple Dollar - It sounds so simple, doesn’t it? Yet there are many people out there burying themselves in debt (spending more than they earn) or living purely paycheck to paycheck (spending exactly what they earn). Simply spending less than you earn has a cascade of positive effects. Spending less than you earn frees up the money you need to make larger payments on your debts.

Over time, they begin to disappear, reducing your monthly bills and giving you even more breathing room, you build up some cash savings in your savings account, enabling you to roll through emergencies (like a car breakdown or a job loss). You’ll also have the breathing room to start saving for retirement, paving yourself a great future for your golden years. All of that comes back to one basic principle– Spend-Less-Than-You-Earn. From the Simple Dolloar Website - Spend Less Than You Earn.