Practicing healthy spending and saving habits can help you reach your goals and prepare for the future. While saving and spending are two conflicting principles, it’s all about striking a balance. But how do you achieve this equilibrium?
Americans are turning a shoulder to saving and instead spending beyond their means and may be piling up debt. The short answer is to feel better now, with perhaps a tinge of ‘you only live once’ mixed in. There is even an aptly named term for this behavior: Doom Spending.