Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
The 7 biggest investment mistakes celebrities make From betting too heavily on real estate to overestimating future earnings, here are 7 of the most common money mistakes that celebrities make. More
Cotton candy, toothpicks, pet gel -- these products are all made from marijuana Legal cannabis, an estimated $5.4 billion industry, is drawing in entrepreneurs with a variety of innovative products -- from skin patches to pain relief gel for pets. More

Special Offer