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URL:  http://boards.fool.com/it-seems-to-me-its-not-how-low-can-somebody-11810657.aspx

Subject:  Re: How low can you go? Date:  1/14/2000  5:52 PM
Author:  hocus Number:  2211 of 736467

It seems to me it's not how low can somebody possibly go, nor is it how low can somebody like me can go. Rather, it is how low can I go? The best way to answer that question, IMHO, is to keep track of what you have spent in the past.

You're absolutely right about this. The only way to have confidence in a budget is to live it. The value in speculating about how low one can go, in my view, is that it gives people ideas about what is possible. In my first attempt at cutting spending, I made some cuts that seemed big at the time and seem small now. Knowing that someone else lives on less can give one a goal. But you are right, it is dangerous to rely on someone else's figures without living them yourself for at least a year (and preferably longer).






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