Basic Finance

Are You a Saver or a Spender?

Saving and spending are lifestyle choices and you must make one each time you open your wallet to pay for something. Here's a tale of two sisters - Jane and Jackie. Jane is a natural-born saver. She seeks out discounts deals that work according to her budget.

Jackie's a spender. She hates the word budget and she lives by the phrase - "you only live once". On payday, the first thing she does is go out shopping, even though her wardrobe is already full of clothes she has never won.

Which side do you lean towards? It's important to find a balance between the two. If you focus solely on spending, you could end up with lots of debt. If the only thing you do is save, you don't get to enjoy the things money can do for you.