Is Food Our Biggest Savings Enemy?

Written by admin on January 14, 2010 – 11:51 am

Aaron Patzer, the founder of Mint.com, thinks that for 20 and 30 year olds, the major savings problem is the cost of socially going out — dinners at restaurants, drinks with friends and the daily coffee at the local coffee shop. As we get older, the savings problem becomes one of trying to impress others with the things we own.

What do you think? Is it food and wanting to impress the Joneses that is at the root of most people’s lack of saving, or is it something else?

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