Welcome to the Frequently Asked Question (FAQ) message of the Living Below Your means (LBYM) Discussion Board.You may find that your question has been asked before. So to save your time we have put together some of the questions that come up regularly.Q: How do I know whether this is up to date?A: If you got here via the FAQ link at the top of the message view screen then this is as up to date as we get. However do check for replies. If you just happened across this message while working through every message on the board then it may have been superseded. Q: What if I have another question which should be in here? A: Post a reply here and we will consider it for the next version. Thank You.Q: What is Living Below Your Means all about?A: A personal choice ;) It means different things to different people. For many, it means making conscious choices to use your money to do/buy things that are important to you. Many of the discussions involve spending less for the things you do choose to buy.One basic tenet of LBYM is "spend less than you earn". But we all interpret LBYM in our own ways.Here are some great posts from the board which explore this theme further:J Kew - What is LBYM?http://boards.fool.co.uk/Message.asp?id=2040012000001001&sort=idPetrea - What does LBYM mean?http://boards.fool.co.uk/Message.asp?id=2040012000332000&sort=idPetrea - The Penny Jar:http://boards.fool.co.uk/Message.asp?id=2040012000085000J. Kew - The Millionaire next Door:http://boards.fool.co.uk/Message.asp?id=2040012000092000&sort=collapsedPetrea - Turn Yourself into a Business:http://boards.fool.co.uk/Message.asp?id=2040012000096000&sort=collapsedAnd some examples of LBYM in action:Clanger32 - Complain about poor servicehttp://boards.fool.co.uk/Message.asp?id=2040012000367000&sort=idma1co1m - Offspring Going to University?http://boards.fool.co.uk/Message.asp?id=2040012000517000&sort=idQ. Are there any other related Discussion Boards?A: Yes - these might be useful to you:Dealing with Debthttp://boards.fool.co.uk/Messages.asp?id=2040017000000000Retirement Investinghttp://boards.fool.co.uk/Messages.asp?id=2040022000000000Buying a Carhttp://boards.fool.co.uk/Messages.asp?id=2040011000000000General Insurancehttp://boards.fool.co.uk/Messages.asp?id=2040013000000000Bank Accountshttp://boards.fool.co.uk/Messages.asp?id=2040016000000000Brokershttp://boards.fool.co.uk/Messages.asp?id=2040007000000000Mortgageshttp://boards.fool.co.uk/Messages.asp?id=2040003000000000Endowmentshttp://boards.fool.co.uk/Message.asp?id=2040021000102000Motorbiking Fools (as a TMF I'm allowed some privileges on FAQ contents! :-) besides it is more economical and road-friendly (and fun) than driving a carhttp://boards.fool.co.uk/Messages.asp?id=2330013000000000Weight Controlhttp://boards.fool.co.uk/Messages.asp?id=2360003000000000Books - Foolish & Financial:http://boards.fool.co.uk/Messages.asp?id=2050020000000000and the Personal Finance Archives are also relevant:http://www.fool.co.uk/personalfinance/personalfinance/2000/pf2000.htmYou may also be interested in some of the boards in the Fool Cafe (for off-topic topics):http://boards.fool.co.uk/Boards.asp?id=233and maybe the Fool's Corner Boards:http://boards.fool.co.uk/Boards.asp?id=2360000000000000Q: I sometimes see NAE in the messages. What does it mean?A: It is a convention on the board that we can use the shorthand acronym NAE to indicate that when recommending a service we have no link with that service. It stands for Not Associated or Employed.You may also come across these acronyms:AFAIK As Far As I KnowBTW By The WayDYOR Do Your Own ResearchFAQ Frequently Asked QuestionFWIW For What It's WorthFYI For Your InformationHTH Hope This HelpsIIRC If I Recall CorrectlyIMHO In My Humble (Honest) OpinionIMO In My OpinionLOL Laughed Out LoudLTBH Long Term Buy & HoldOT Off TopicOTOH On The Other HandP/E Price/EarningsPEG Price/Earnings GrowthROFL Rolling On Floor LaughingTIA Thanks In AdvanceTMF The Motley FoolTTFN Tata for nowKeith
AFAIK As Far As I KnowBTW By The WayDYOR Do Your Own ResearchFAQ Frequently Asked QuestionFWIW For What It's WorthFYI For Your InformationHTH Hope This HelpsIIRC If I Recall CorrectlyIMHO In My Humble (Honest) OpinionIMO In My OpinionLOL Laughed Out LoudLTBH Long Term Buy & HoldOT Off TopicOTOH On The Other HandP/E Price/EarningsPEG Price/Earnings GrowthROFL Rolling On Floor LaughingTIA Thanks In AdvanceTMF The Motley Fool
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