It's Money Monday and we're looking at some common misconceptions about money, continuing with:
I’ll save money, when I have money to save.
Like last week’s “I’ll learn to manage money when I have
money’ this type of thinking keeps people broke. We all have times when we have
an unexpected expense such as a car or appliance repair, or an unexpected trip
to the doctor or dentist.
Without savings we are forced further into debt
to pay these unexpected expenses that’s why it’s important to set money aside
and let it grow - even small amounts can grow quickly to become the cushion you need for emergency expenses. Lunch to London update:
Last week was a short week due to Spring Break, so lunch savings were $21 for Monday through Wednesday. For those keeping track that brings the total to $71 ($50 as posted last week plus 3 x $7)
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