posted by andres.valenzuela | Monday June 4, 2007

Last year at this time, as college graduates walked out into the world, I wrote a column giving advice on how they could save money. In droves, parents sent the column to their children. And some of those children wrote to me to vent. What I suggested was impractical, many said. What Damon Darlin was proposing was not radical. It was mostly the simple things his mother had drummed into him. It was advice like diverting 10 percent of your income to savings before anything else and ignoring raises and putting them into savings, too. Learn to cook, and never borrow money to pay for a depreciating asset.

Read the full New York Times article here.