Money Rules to Live By II

Scarcity makes your choices for you
It's lovely to believe in a world of endless abundance, but the reality is that at any given point in time our resources have limits. Whether it's oil in the ground, our time here on Earth or the cash in our pockets, there's only so much available to be spent.
People who ignore this reality are the ones who run out of paycheck before they run out of month, or who extend their unsustainable spending by relying on credit cards, home equity loans and other reckless borrowing. Their refusal to make the sometimes-hard choices needed to responsibly manage money means that they will have even fewer choices in the future. The money they spend on stuff and on interest can't be invested in other goals, like retirement, so odds are pretty good they'll wind up old and broke.
Recognise and respect this reality. They help define perimeter for spending. It's a friend, not foe.