| It is increasingly more difficult to save money when the rate of inflation and cost of goods outpaces salary. For example, when I bought my car in 2002, I paid $12 for a fill up. Today, I pay $48 for the same amount of gas. I dont need to tell you that my pay has not quadrupled since then.
Something has to give and unfortunately, it has been a few things....less savings, less travel, less investment.
I do still save for that rainy day...I just have to hope it comes 4 years later than I originally planned for. |