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.

No comments:

Post a Comment

Thanks so much for taking the time to leave a comment...I just love hearing from you!

Just a couple of things:

Please don't use your comments to advertise your business or goods for sale, any such comments will be removed.

And please include your name, anonymous posts will not be published and will be recorded as spam.