~Sat~ Oct 10th 2009
Yesterday I shared a guest post from Leo of Zen Habits. His guide to minimalist money was a sort of overview of good financial skills, useful information for those in the first stage of personal finance. But some long-time GRS readers couldn’t relate to Leo’s post.
Today’s post goes in the opposite direction. It’s a meditation for those in the third stage of personal finance (or beyond), and it’s probably going to seem foreign to those who are still struggling to get debt under control.
The evolution of spending
Before I developed smart money skills, I spent without thinking. I accumulated debt because I had no self-control. I bought what I wanted, even when I couldn’t afford it.
To repay my debt and build wealth, I learned to be frugal. I was never able to completely discard my tendency to spend, but I curbed it sharply. In fact, I became so frugal that I would debate whether to use [...]

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