Homework Help: Economics

Posted by Jason on Wednesday, February 8, 2012 at 6:29am.

If someone said "My personal economic theory is live below my means..." what does this mean and what implications does this have for that person's economic future?

Economics - Ms. Sue, Wednesday, February 8, 2012 at 11:23am
That means that the person doesn't go into debt, but saves money. In the future, he'll have his savings to live on or for special purchases.

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