22 October 2014

Money Myth


Myth: Buying things on sale is a great way to save money.

Truth: Buying things on sale is a way to spend less money, but it has absolutely nothing to do with saving money.

The money you have supposedly "saved" isn't really saved until it is safely in the bank in either your Emergency Fund or your Peace of Mind account.

Until that happens it's just not spent. Get into the habit of depositing that money into your bank account as soon as you make the "saving" so you really are saving money.

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