miami live frugally

Posted on August 26, 2012 by mcooper

“A married couple in Miami needs to have two incomes, but if you can keep your standard of living and save 50 percent of the wife’s income, if she is the one likely to stop working or go part-time when you have kids, you will be so much more ahead,” Kirtland said.

Live beneath your means so you are not dependent on both incomes, she said. “Don’t let your cost of living or lifestyle absorb both incomes, because that can change in a heartbeat,” she said.

The new normal is going to require more saving, Kirtland said. “The financial crisis has laid down the foundation that it is good to save.”

Read more here: http://www.miamiherald.com/2012/06/08/2685725_p3/how-to-start-building.html#storylink=cpy
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