Everybody Loves Your Money

I found an interesting article on The Boston Globe that theorizes what a current depression might look like.  I found it interesting and somewhat believable.  I agree that the long lines would probably be in the hospital emergency rooms and the theory that people would move to urban centers to rent and reduce their transportation costs seems reasonable, although I’m inclined to believe that the suburbs would stay pretty populated as the home prices continued to decline.

Anyway, it’s an interesting article to read.  You can see it here:

http://www.boston.com/bostonglobe/ideas/articles/2008/11/16/depression_2009_what_would_it_look_like/?page=full

I think one of the most fascinating things about reading a book like “The Millionaire Next Door” is the personal descriptions about how people spend their money.  As I talk to friends and family, I find the same level of fascination when listening to them describe purchases they’ve made, or are planning on making.  What’s kind of neat about listening to friends, families, neighbors etc is that I have a rough idea of how much money they make, therefore it’s easy to see how they prioritize their money.  I don’t do this to judge anyone, rather I do it just because I find it fascinating to see what other people do with their money.

If anyone knows of a good book that has a lot of personal stories about how people manage their money, I’d love to hear about it.  In the absence of a good book, I’ll continue to browse the pages of my favorite personal finance blogs to learn more about what they are doing with their money.

I’d also like to hear from readers to find out some of their circumstances.  Leave a comment and tell everyone some of your basics.  How about using a format like this:

Approximate income

What are your vices?

Are you a saver?

Do you spend less than you earn?  By what percentage?

Any examples of frugality that you are proud of?