The Secret to Saving: Think Before You Spend There's a difference between spending irresponsibly and spending on things that improve your quality of life. Knowing the difference can set you free.
By J.D. Roth
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My friends are appalled when they learn I spend $200 a month for a gym membership. "I thought you were supposed to be the King of Frugal," one of them said to me the other day. Not really. I'm more like the King of Conscious Spending.
Sometimes people forget that it's OK to spend the money they earn. Sure, you should set aside an emergency fund, save for your children's college education and sock away money for retirement. But after you've done these things, what's left is yours to improve your quality of life.
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