Monday, August 21, 2023

Economist Believes We Should Save Our Money Versus Spending It!

You can watch a video on an economist that discusses the need to think about saving your money and not going into more debt as consumers. I don't necessarily advocate for counting every penny because you have to live life and society in general needs a certain about of dollar circulation, but I do recommend financial balance with a reasonable amount consistently going into savings (I know I got two kids in college with their hands out. It is what it is!).  Putting away money into a saving account, retirement and living within your budget does make sense (Bank of American put together an article, '8 simple ways to save money'

Here is the article that discusses prices, inflation and debt. US economist warns Americans to ‘hunker down’ and ‘save your pennies’ as economy overheats

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