In a country where not enough people save, the thought that your saving’s habits could hurt you seems wrong, but its not. Sometime, how you save can be the problem. Let’s look at a couple of examples.
At the beginning of the school year, we have tax free shopping days. There is a lot that can be bought without having to pay the State sales tax. That can be a big savings for many people but do you really need the stuff you are buying? Buying stuff on sale or in bulk just because it is a “bargain” is not a wise use of your dollars or even a way to save if you are buying stuff you do not regularly use. I know plenty of people that will buy just because something is on sale. What I then see happen is they have no room to store the stuff or it ends up rotting because they bought too much. Please don’t fall into this trap.
Over the next few blogs, I will be discussing more saving habits that can be detrimental.

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