35 of 65
BACKNEXT
Brad Thompson: Moderation is key
Brad Thompson: Moderation is key
Brad with his wife, Ann, and sons, Adam and Michael
Music teacher, 38, Karlstad, Minn.

My wife and I both teach at the local school district, so we drive less than a mile to work. We don't make a lot of money, but we also don't spend beyond our means. This means that we drive old vehicles, live in a modest home and don't buy a lot of junk to "make us happy."

Our house needed a major remodel on the outside, so we started saving two years ago so we would not have to take out a big loan. I did the work myself and it took all summer, but it allowed us to not go into debt.

We are putting money away for ourselves with a 403(b) plan and for our boys in a 529 plan. Moderation is the key - as is choosing to live somewhere modest (yes, it gets cold in Minnesota -- SO WHAT?) so you don't spend too much on living.

We are doing well and thankful for what we have.

NEXT: Lynne Hernandez: $5 for a gallon of milk
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
How Wall Streeters blow off steam The financial world is a notorious pressure cooker. See how bankers and traders chill out. More
8 of the world's craziest fast food items American food chains operating abroad must cater to local tastes to succeed. The results are spectacular. More
Inside the $50,000 Emmys swag bags If getting nominated or presenting an Emmy award isn't prize enough, celebrities come away from TV's big night with luxury goods and vacations worth $50,000. Take a peek at some of this year's luxe giveaways. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.