**Don't spend money you don't have. Avoid debt!** A good financial rule of thumb: **Don't spend money you don't have.** Living within your means is avoiding debt. This assures that the money you spend is going towards [[What's Important Now [[W.I.N.)]]]] and not something you long stopped appreciating. Avoiding debt avoids interest. The items you buy using loans often wind up costing you 3x more than their sticker price. **** # More ## Source - [[Your Money or Your Life]] ## Related