The Cultured Girl

For most 20-somethings who complain about being broke, I always want to grab their shoulders and sternly explain that there are several easy things they can do to spend less money, like avoiding $4 lattes and packing a lunch everyday. Now, an article in today’s New York Times by my buddy Damon Darlin pulls together those great tips plus a whole bunch more in one of the best pieces of money advice for 20-somethings I’ve ever read. Among the suggestions: Never carry a credit card balance; if you get a raise, keep spending like you didn’t; and invest your 401(k) in index funds (or invest in a 401(k), period.) These age-old ideas aren’t revolutionary, but this story rolls them all up in one simple, persuasive package. Print it out and read it next time you want to buy something you can’t afford.