“The only real asset you have is your time. The hours of your life.”
― Vicki Robin, Your Money or Your Life

“Success is not final, failure is not fatal: it is the courage to continue that counts.”
― Winston S. Churchill

Do you have a good saving habits? For example an ice cream you craved a few days ago, but you chose to not buy it to save money instead. Then you are thrifty, good for you! Actually it is not so simple, depending on how you saved that money. Let's say the ice cream was McDonalds Vanilla Cone, which was sold at 50 cents each back in 2007. Now forward to 2022, they are sold at 80 cents. You put that 50 cents in your bank at 1% interest rate (I am already assuming a really generous bank, check your actual bank interest rate and you will be shocked, Hint: much <1%). Even with the magic of compound interest (based on bank rate), you will only have 0.58 cents, not enough for your 80 cents Vanilla Cone do you?

This is Inflation! So how can we save smartly and still afford our ice creams? Glad you asked... (Read More)