Saturday, July 20, 2013

Saving vs Spending? What do you think?

I have a personal finance book that says that saving is backwards and spending is where it's at. Meaning that if we control our spending we will have more to save. One of the authors said they tried to put a certain amount aside each month. They waited for it to accumulate and it didn't. Once they controlled their spending, they saw this amount get higher and higher. Much higher than they anticipated. The couple live in Iowa. They do not make high salaries. They do not live in a fancy home or drive fancy cars. The book was written several years ago but I think the advice is still timely. So where are you on this spectrum? Savings vs it one vs the other or both? Weigh in with your vote!!

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