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My income end expenses vary

Submitted by Dwight on January 26, 2008 - 05:29.

My income end expenses vary widely from month to month and year to year because I'm self employed. Philip's method seems to be the only reasonable thing for someone like me to do.

I think most people would benefit from this. Disconnect your spending from you income. Obviously, you need to spend less than you earn. Other than that one rule, your income should not determine your spending. Spend on the things that bring you fulfillment and save the rest of your money.

That's the approach taken in the book, "Your Money or Your Life"

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