Money To Live

September 3, 2009

Who does that?

Filed under: Uncategorized — by moneytolive @ 12:32 am

Most personal finance books aimed at 20-somethings talk about Alice and Betty. Alice saved money every year in her 20s and then stopped at her 30th birthday. Betty started saving in her 30s and saved until retirement. Who has more money in the end? Surprisingly, Alice (due to the magic of compound interest). But who is Alice?

Whenever I see these examples, I wonder why someone would stop saving – especially someone who had saved so diligently. Who is that person?

It’s me!

Today I took a half-time AmeriCorps position that pays less than $4 per hour. Though my savings rate will take a nose dive, my goal is to continue saving something. I am very excited about this opportunity, and I will tell you more about it as it develops – I start in a few weeks.

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1 Comment »

  1. oooh, very cool!! (both the compound interest and the AmeriCorps position) 🙂

    Comment by anita — September 3, 2009 @ 10:19 am |Reply


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