TIP OF THE DAY
All savings are not created equal. While saving money is a good financial habit, it doesn't guarantee financial stability. The ideal savings conditions exist when all funds in savings accounts are growing faster than all depreciating interest based debts. If you're only earning .01% - 2.0% interest from the thousands of dollars in your savings accounts while paying 5% - 10% interest on your depreciating debts of equal or less value, are you hindering or advancing your overall wealth? Savings funds should always provide security while contributing to financial growth.