From time to time we come across news with a money conscious or saving money focus that we want to share. Today I read this article on CNBC. It reminded me of how just a month or so ago many were talking about American’s new found wealth due to lower gas prices. I read how some financial advisors encouraged clients to buy a home or how many went and bought cars.
Saving money is awesome. When your gas bill drops $50 to $150 a month, it’s nice to have the extra money to save or devote to other expenses. While gas prices were low, we consistently recommended in our Saturday Money Conscious Mash Up series to save this money and use some of it to invest for growth.
What, though, do you think of those financial advisors who recommended otherwise now that gas prices are up 20 percent from January’s lows? Was it money conscious to take on a 5 to 30 year expense because gas prices were down?
What have you done with your gas savings?
David Auten and John Schneider are The Debt Free Guys. After paying off over $51,000 in credit card debt, they have dedicated themselves to helping people live debt free, have fun and be Money Conscious. They are the authors of four books including 4: The Four Principles of a Debt Free Life available on Amazon now.