Spending money you don’t have is a sure sign that you are not saving enough money. Using those ever convenient credit cards and debit cards are a sure path to doom when it comes to your ability to save money. Unfortunately in these tough economic times the majority of people that use their debit cards and credit cards do not have the cash in hand to cover what ever it they are buying at the time. You may have it in your debit card account at the time but you know that money should stay in that account for some monthly bill that comes around every month. Instead people are giving into that impulse buy or letting their emotions get the better of them and their wallet.
Saving money has really become a lost art. As most people rely on credit cards and loans to get them through the daily grind. Be honest now when is the last time you balanced a check book, put pen or pencil to an actual check book and balanced the numbers. Perhaps a better question would be have you ever balanced a check book or are you one of the millions of people that simply look at the atm reciept to see how much you have in your account and then go buy stuff based on that number for that day. It’s crazy of course but (more…)