Friday, February 13, 2009

Saving money is better than earning more money.

I always thought, if we needed more money, well, we could just earn more. It wasn't until I wanted to stay home with our son that I learned saving money is better than earning more. Why is saving money better than earning more? Taxes. If I need $100 more per month, then I need to earn $100 PLUS about 15 to 25 percent more to make up for the taxes. If I shave $100 out of my current budget, then all I need is $100.

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