This is not my normal fare for this blog, but I couldn’t resist… Check out this snippet from an article in the New York Times today:

As banks grow tighter with their dollars in a period of uncertainty, families are running up against credit limits, forcing many to live within their incomes.

Who would have thought that apparently living within one’s income was such a novel concept?

Caleb, if there is any one tidbit I would hope to distill the topic of personal finance down into, it would be to live within your means (and implicitly, I hope, to intelligently save the remainder).