Posted: Feb 19, 08 12:32am

There is a misconception today that people are wealthy because they make a lot of money. The truth is that most people who become wealthy do so because they spend less money than they make. The obvious next step then is to learn to spend less.

A little planning can save you big bucks.

Research purchases with Consumer Reports magazine (and website), Epinions.com, and other resources. They'll help you buy the better-quality products at reasonable prices.

Discuss what resources you use to understand the quality and pricing of a product before purchase.