Perhaps thinking of your spending as a percentage of your net income, rather tha... | Hacker News

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		phaemon on Jan 30, 2015 \| parent \| context \| favorite \| on: Why You Should Tell Your Children How Much You Mak... Perhaps thinking of your spending as a percentage of your net income, rather than an absolute amount, would help? Have a read over: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim... I found it provided a very useful perspective.

72deluxe on Jan 30, 2015 [–]

Very useful, thanks. Basically: "your age to retirement depends entirely on your savings rate, as a percentage of your take-home pay".

So, in short, try to live on less, put the rest in the bank and don't spend it. Live on what you need, avoid needless luxuries. And avoid credit card debt like the plague, right?

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