Just a few hours of driving toward the Algarve, the most southern region of Portugal and the weather changes, the summers here are long, dry and warm. Ana loves to come here, this is what she considers a summer vacation. As I prepare this blog entry I am enjoying the shade of a pine tree and and the aroma of lavender that is all over in the gardens, and latter in the afternoon of course with just a short walk we reach the calm ocean that is just in front of us!
Is saving an attitude or a financial skill? Most likely you need both, but my comments today will focus on how attitude can influence our capacity to generate savings. By definition saving is income not spend or deferred consumption or goods or services. It is the ongoing practice of this simple definition in day to day activities that will allow us to put aside financial resources for a time of need. There is a difference between saving and investing, when we save we use low-risk methods of preservation of our financial income, such as a savings account as opposed to investing where the methods employed have always a higher risk involved. Saving is often not accomplished by just being disciplined to make a bank transfer from your checking account to your savings account but more so as an attitude towards needs and wants of life. Link: A good video to watch, not about savings but attitude!...
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