Mint.com recently released this chart on America’s Most Frugal Cities. Note that you won’t see DC on America’s most frugal cities, but you will find Michael’s home state of Indiana.
You can also check out what people are spending their money on. I find it interesting that this chart doesn’t really scream real frugality to me. If you are spending a great deal on clothing, electronics, and entertainment, then our entire idea of frugality is different than it has been in decades past. These are things that you can save a significant amount of money on if you are being intentional about frugality.Readers: How does your city rate for living frugal?

Cheers,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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