“When I was 22, my friend and I went to Florida for spring break. We didn’t have much money to begin with since we spent it all on beer, so the first few nights of our trip were spent bumming hotel rooms from strangers we met at parties. Our last night, however, we ran out of luck. With nowhere to stay and no money for a hotel room, we were forced to sleep in my car in a covered parking garage. The next morning, we bought peanut butter, bread, and just enough gas to coast to the Illinois border on fumes.”—Larry, 48
The Lesson: Budget for more than booze.