Gary M. DuBoff says he’s very big on paying quarterly tax estimates on time. For many years, he kept a spreadsheet of everything that he spent money on, including coffee. After a year, he says, you may discover that you spend $1,200 on coffee. When it comes to retirement savings, DuBoff, a certified public accountant and a principal at Morrison, Brown, Argiz & Farra in its New York City office, says if you have an employer, be sure to know about all the benefits offered and take advantage of them. In this episode of Asked and Answered, Stephanie Francis Ward talks to DuBoff about how to live within your means, how to figure out your set costs, and how to budget with what’s left over.

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