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<<Old habits are hard to break. We are frugal, have no debts, our favorite store is Goodwill, have nice 401Ks, IRAs, other accounts, live on $40,000/year and retired 4 years ago at 58. Reading Dr. Thomas Stanley's new book,"Stop Acting Rich, and Start Living Like a Millionaire", we have done everything right. Should we announce/start a major education plan for our 4 grandkids, buy a southern home and go for it?>>

When people need to cut their expenses, they ought to go through a planning process to decide which expenses can most easily and prudently be dispensed with.

The same is true for people who are contemplating a significant increase in their expenses. You may decide that particular things are worthwhile doing and would give you pleasure to do. Other things you may be quite able to afford but just don't mean much to you.

I've gone through that planning process myself when I decided I was being too frugal, and it was quite helpful.

Seattle Pioneer
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