At The Motley Fool, Morgan Housel has an excellent article on how to actually save money. The bottom line: stop fooling around trying to drink less coffee or make your own lunches and focus on three things:
- Your house or apartment. Keep it modest.
- Your car. Get a car, not a truck or SUV, and make it an inexpensive, fuel-efficient one. Bonus points for buying used.
- Education. Go to an in-state school. Better yet, go to a community college for two years, then transfer to an in-state school for two years.
Pinching pennies is all well and good if you like pinching pennies. But savvy consumers don’t pinch pennies; they pinch dollars by the thousands. [The Motley Fool, h/t @DanielGershberg]