While it might not feel like it, if you don’t
have to pay money for something, it’s almost the same thing as saving said
money. The best example of this is interest that you pay when you borrow money
(and carrying a balance on your credit cards from month to month IS borrowing
money).
Over the last two-plus years I have talked
about interest on many occasions, but I shared one of my favorite analogies in a
post in August 2019. I invite you to revisit “EarnIt or Pay It–You Choose” and survey the shape of your boat.
I can hear the questions whispered under your
breath, “What is she talking about?” Go check it out and see.
Happy America Saves Week, everybody.
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