The essence of “poverty tourism” is the sense that you’re just visiting a lower-income land. You’re taking a tour, dabbling in the local culture, sampling the food, but you can go back home to your high income whenever you want to. Today I look into recent controversy in the personal finance community, and talk about whether frugality is for the rich.
Even though my family earns a high income, I still like to get as much as possible for my kids through secondhand sources. Why? I’ve been a mother for fourteen years now, and can speak from experience how much better it is financially and for the environment. Where else but consignment shops can you pick up near-mint designer duds for kids for less than Walmart prices?
In order to master your financial life, you need to spend less than you make – right? Interestingly, there are two ways to do that, and one might lead to higher spending than the other. When people talk about saving money, what are they usually referring to? Saving money on a vacation Using coupons to …