A Penny Saved
Ricky Stith is doing some major belt tightening. Like many Americans, the 49-year-old information technology professional is examining his own situation in light of the economy. Stith is correcting financial missteps he made earlier in life, while adhering to a strict regimen of effective money management. He says the tough economy is forcing him to delay purchases and cut back unnecessary spending. At the same time, the Washington, D.C., resident is adamant about saving 10% of his monthly income.
