When you spend less, you can live more. How so?
First, when you create a wide gap between what you earn and what you spend, it’s actually much easier to say yes to one-time expenditures. If you take that spur-of-the-moment trip to the Bowl Game, and your savings rate drops from 50% to 45%, the consequences are relatively inconsequential as compared to lowering your savings rate in half from 10% to 5% when you’re living right up to your means.