Back to Mobile View

Hodding Carter lives within his means: Only for a book?

Posted 12:00PM 02/07/09 Simplification, Personal Finance
4 Comments Print Text Size A A A
Living within your means is suddenly the stuff of legend. I first read about W. Hodding Carter's soon-to-be-published book on the subject a few months ago, when the project was announced on the same day that our own Zac Bissonnette agreed to a deal for his book on paying for college. A Year of Living Within Our Means? Shouldn't that be every year, I thought? After all, most of us these days are forced to live on the salaries we've got; and if we're only doing it for a year, well, shame on us.

Excuse me if I gag on my own limited budget.

When I read more on his project yesterday, at first it confirmed my worst first impressions; Carter admitted to having racked up significant credit card debt, while living as if he made roughly three times his average annual income of $41,000. It's not like he was jetting to Monaco for cocktails and a dip in the Riviera a couple of times a month, but he did cop to a hand-carved walnut countertop. And at one point, his wife kicked him out for nine months due to his spendthrift ways (ouch).

I read the piece a little more carefully, though, and I think I may actually end up liking his book. He and his family will live on $550 per month after their mortgage and related expenses; for food, utilities, and the rest of it. They've bought 25 chicks for eggs; his wife has bartered legal work for a big pile of wood; they're going to grow an enormous garden. A book on living within your means? Ok, ok, I'll buy it. But only if you promise to show us how you can keep doing it for five years... a decade... oh, heck, why not forever?

Add a Comment

*0 / 3000 Character Maximum
Newswire

Compare Mortgage Rates

Mortgage Rates by Zillow
Follow Us

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Consumer Reports
Huffington Post
AOL Energy
AOL Jobs
Business News Personal Finance Investing Our Partners

DailyFinance Sitemap | Terms of Service | Privacy Policy | Trademarks | HELP | Advertise With Us

© Copyright 2012 AOL Inc. All Rights Reserved