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Falling standard of living

Submitted by Philip Brewer on January 21, 2008 - 11:30.

Whether your standard of living is falling because you're on a fixed income that isn't keeping pace with inflation, because your job has departed and isn't coming back, or because oil prices are rising and aren't likely to get cheap again: The key to surviving a falling standard of living is to let your standard of living fall. Nobody wants their standard of living to go down, but it's better than imagining that it's higher than it is, and living as if it were.

Wise Bread is fairly bursting with ideas for living well on less money. Check 'em out.

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