Spending within your means.

• Author: Burke, Jeff
• Position: READERS RESPOND - Letter to the editor

I read your column in the October issue of ColoradoBiz magazine ("Death pledge," Jeff Rundles) and very much agree with your points. I recently saw that when the Fed began lowering the Fed funds rate to I percent, everyone began rushing in after the cheap money through refinancing their homes to the tune of $1 trillion.

They used that money to buy vacations, kitchen remodels, new cars and any other toys they thought they might enjoy. Unfortunately, they didn't stop to think about the negative consequences of interest rates...