We’re always telling you to save your money, well, maybe we’re idiots. From Slate:

If I said to you, “You can have $10,000 to spend now–or $9,500 to spend in 10 years,” which would you choose? Probably the $10,000 now. And in doing so, you would be making the same choice many Americans make when deciding whether to save or spend their hard-earned cash.

The article goes on to consider some strategies for saving money such as T-bills and stocks, as well as proposing some changes to the tax code. The author suggests making long-term savings tax exempt, which sounds like a lovely pipe-dream. —MEGHANN MARCO

Spend Every Dime! [Slate]
(Photo: Life on The Edge)

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