Reply to How do you keep dedicated to living below your means?

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[quote=Anonymous][quote=Anonymous][b][quote=Anonymous]I hang out with people who make way less money than I do. It helps control entertainment spending/limits going to expensive restaurants.

I bought  a reasonably priced house for my income [/b]and still drive my 10 year old, ugly car.  Occasionally I get the urge to upgrade my car (my coworkers all drive BMWs and audis, so my car sticks out).  However, then I remind myself that my friends couldn't care less what I drive and I may as well get as much mileage out of my current car as I can.

I have a goal monthly extra mortgage payment. As long as I can meet that goal, I figure any leftover money is "fun" money.  For the new year, I plan to spend a little more money on myself (yoga, massages, etc). I used to hate spending money on these things because they are expensive and unnecessary.  But whatever. I am a little tired of being so frugal, so I'm loosening up a little.  I should still be able to retire early and pay off my house early even if I spend a few hundred bucks a month of myself.  [/quote]

Ding ding ding! These two things alone allow us to live below our means. If your mortgage is super low you don't have to worry so much if you are out too much last month. It's much easier.[/quote]

+1 - read the bogleheads forum a lot.  That will keep you exposed to smart financial decisions rather than talking to your neighbor in the 8000 sq ft house with 2 German cars.[/quote]

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