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?