What I learned about money today
Today, I went to the grocery store with $60 cash in hand. I had the mindset that this was all I had. I managed to buy only the essentials to include fresh fruits and veggies, and food for a week of meals. I left with $24 dollars. I learned today that my debit card is a crutch and I buy a lot of crap I don’t need, simply out of convenience. Here is my challenge to you, take cash to the store and a few coupons, let me know how you did.
Today’s financial term: SEP-IRA Simplified Employee Pension. This is a tradional IRA established by an employer for exployees. Employer contributoions can be up to $40,000 or 25% of an employee’s annual compensation.
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