One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not.

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About Mark Skousen

Mark Skousen was a contemporary American economist and writer. Mark Andrew Skousen is an American economist and writer. He currently teaches at Chapman University, where he has been a Presidential Fellow since 2014, and the Doti-Spogli chair in free enterprise at the Argyros School of Business and Economics since 2022. Read more on Wikipedia →

Themes

  • Money — Thoughts on wealth, value, and material pursuits
  • Alone — Solitude, independence, and the experience of being alone

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