Are you a spender or a saver?
Many people spend money in different ways. Some only spend a little, yet others (over half of Americans) spend freely with little concern about debt.
I would like to think I’m somewhere in the middle. I don’t carry credit card debt and have over six months of an emergency fund, but I do believe in the old Greek saying that translates to everything in moderation, even saving money.
Obviously, you can’t save everything you make, or you wouldn’t be able to pay your bills. But saving money often becomes a problem, especially if you are in debt.
Yes, saving money is difficult. Yet, you will find once you start training yourself to save, you will learn to like it and keep your money by creating separate sinking funds for everything.
It will feel great when Christmas rolls around and you have money for gifts this year!