 Listen Now!
(7:08 Minutes)
Additional Features | |
Published on Monday, May 05, 2008
By Mariel Garza
SPEND it on candy, or save it?
That used to be my childhood plight on the occasions when I came into any spare change. And invariably, I chose to trade my small fortune for goodies from the neighborhood convenience store.
Now that I've grown up and have experienced lean financial times, I've learned that saving money is a lot smarter than giving in to my youthful compulsion - though much less fun.
And because of this tendency, when that $600 federal tax-rebate check shows up in my mailbox sometime in the very near future, my first thought is to sock it away in savings or pay off a bill or two. I feel good just thinking about it.
But it turns out that responsible-saver behavior hounded into us by parents and personal-finance counselors is not at all responsible in this case. In fact, economists say the worst thing for me to do is squirrel away my cash
Read Full Article...
|
RSS
