Credit card debt is on the rise – not surprisingly considering that incomes have remained stagnant while daily expenses have increased over the past few years. With inflation on the rise, consumers need to be vigilant about creeping emotional expenses that make a mess of a well planned budget.
The Dollar Stretcher.com pointed out recently that emotions can make someone poor – i.e. spending money when unnecessary. They offer some really good advice:
- Put good financial behaviors on “auto pilot”. I’ve always been a fan of this. Saving $50 a week can amount to a million dollars by retirement age alone.