Farewell Money – HumbleDollar

FROM THE LOFTY perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. We’ve all heard the reports: Most Americans live paycheck to paycheck, a large number can’t come up with $400 for an emergency, and there’s no money to save for retirement and other goals. Most of that data comes from surveys where people are, in effect, saying they don’t have enough income.

My curmudgeonly reaction: Stores, fitness centers and entertainment venues are packed with shoppers, many of them buying unnecessary goods and services. If three-quarters of Americans are living paycheck to paycheck, how can they afford to spend like this? It’s a funny thing: I have yet to see Warren or Bill in one of the many local spas.

Most Americans live like no other people on earth. We have more and bigger stuff: Larger houses, bigger vehicles, more shoes. And, in my not so humble opinion, we can’t tell the difference between needs and wants, between necessities and desires—and we sure can’t defer gratification.

Click on the link below and read my sixteen ways to waste money and screw up your financial life. I also urge you to give your comments here and on HumbleDollar and MarketWatch.com where this article also appears.

Source: Farewell Money – HumbleDollar


  1. I began saving for retirement at age 22. Now 67 I have four million dollars, no I did not win the lottery, by doing all the right things. Employer match on 401K, saving initially only $6 per week for 200 weeks, it adds up. I got a promotion and started buying company stock at a discount, still have my first share. My wife and I never took a BIG vacation until after I retired 12 years ago and still don’t splurge except to fly first class now. I track all of my stock, CD’s and dividends down to the last penny. I always pay off the credit card (we pay for everything with it) every month, no carry over. We want for nothing and live very comfortably. I have four pair of shoes not 25, and haven’t bought much in the way of clothes for months. I work out three times a week and hang with other retirees at breakfast a couple times a month. I live to see my kids and grand-kids. It is a good life.


  2. Great article. Wish it could be on the front page of every newspaper! Oops, I just remembered, millennials do not read newspapers anymore. I retired at 59, moved to Mexico, and leave a very enjoyable life on my social security. I’ve never been a Starbuck’s, person or ever, in the last 20 years or so spent $160 on clothes. If I need something, I shop resale shops or go to Goodwill. I rent my house in Mexico for $500USD which includes EVERYTHING, including WIFI and satellite TV! I wish this life for all and hope they find it wherever they want to be……..


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