Being Frugal

I found this article on Yahoo! Finance yesterday. Most of us know that the credit crisis and what is going on right now was caused by American's, including our businesses, living well above our means. We have all heard that if you want to be able to save for the future and stay out of debt that you should live within your means. What would happen if you decided to live below your means? A good example of this is Warren Buffett. Here is a clip from Forbes.com. "Some billionaires don't even bother to flaunt their wealth. For instance, Berkshire Hathaway's Warren Buffett--with a net worth of $36 billion--famously lives in the same home in Omaha, Nebr., that he bought in 1958 for $31,500. " Just click here to read the article.