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A Tale of Two Households

January 13th, 2007 at 03:10 pm

Great weekend reading at MSNMoney. Two articles, one in which the author chooses to live below her means (12K income) and another that chooses to live above their current means (150K income):

http://articles.moneycentral.msn.com/SavingandDebt/LearnToBu...
A reporter choose to divorce, return to school, and reduce her yearly income to 12K. And yet she continues to donate $20/month to church because she realizes there are those who live on much less income than she does.

http://articles.moneycentral.msn.com/SavingandDebt/LearnToBu...
"Scraping by" on $150,000/year? Read about a family of 5 who have trimmed away the premium cable, the STarbucks latte, the soccer camps- but still want to keep the horse and the two vacation rentals. They seem a nice enough family, but to me, if they choose to keep those luxury items, then they should be prepared to make even more severe cuts in their other spendings. Still, an interesting comparison to the first article.

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