The following Everyday Savings Tip comes from, Vickie:
The best lesson my parents ever taught me was fiscal responsibility. They lived by the 80/20 rule – the first 10% goes to the church, the 2nd 10% in your savings account, and you live off the rest. If you couldn't afford that big screen tv within your 80% budget, you did without it. My parents consistently taught us the difference between a need and a want. It was tough sometimes, but I stuck to the plan.
I'm in my early 50's now, and my husband and I have built up a nice little nest egg for retirement as well as becoming debt free in our mid 40's. I owe a great deal of gratitude to my parents for teaching me to live within my means, and for a husband who got on board with the plan.