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Andrea,

Acually the opposite will happen. My wife and I have need 20 years of being " frugal". And look what happened. We have a house with a pool and no mortaguge. A daughter in college and a 95% scholar ship. Last June we went on vacation to Portugaul. We have 1/3 of a million in the bank. I have pracitalcul force my wife to buy nice clothes as she want to buy cheap... How we got there.

1) Get a house under 2000sq ft. No that is not tiny.
2) no cable.
3) Live where you can ride a bike to work.. Benefit I am 50 and still wear size 32 jean
4) Drive a Corolla or CIVC -- highest milage and last 125K miles. NO SUV
5) Don't invest in a IRA or ROTH or 401(k) until the house paid for
6) pay off car loans in one year
7) don't carry a credit car balance
8) Pay your self first. Put what you used to pay on your car loan toward prepaying on your house.
9) do not shop at the mall Go online and plan your purchases buy quality classic stlyes not tendy
10) be a resident tourist -- see want is near by first.
11) Indulge at home.. Champnge is $10 a bottle enjoy with hambergers and hot dogs

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