Excellent article. It is about money management and culture of saving, but still there is something I can not ignore. It is called "devil is in details". Author has only talked about expenses, but seems to have forgotten to include in formula. And then comes unexpected expenses, that come when you are most unprepared. One thing I don't understand is how you can save 2,864.50 per month at the age of 20. At that time, most of people are students and depending upon their parents. I say good article but faulty formula.
