Hate Math But Love Counting Money
If you’re debating about whether or not to make a purchase, here’s a little financial tidbit to keep in mind:
Adding zero to the end of the price gives you a quick and rough estimate of how much of your (potential) savings you’re giving up when you make a purchase.
Why? Because that’s the amount of money you’d have in 30 years if you invested the money at an 8% return instead of spending it.
This may or may not seem like a lot of money however, savings start and grow one step at a time and all these little budgeting and savings victories we talk about can really start to add up!!
Just a little something to keep in mind when we get those urges to fight saving and start spending.