I started thinking about this topic after reading an article about Warren Buffett and his frugal habits. It said he still lives in the same house he bought in 1958, drives older cars, rarely takes out loans and prefers not to spend a lot of money eating out. Buffett still uses a flip phone and doesn’t like designer suits. In the Yahoo Finance article, he’s quoted as saying, “Don’t save what’s left after spending, but spend what’s left after saving.” Read more
