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Daylight Saving And Personal Saving
Daylight saving time is great. We get more daylight in the evening. So, we can do more things while it's still light out.
Not only that, since it's light out we don't need to use as much electricity for lighting. This saves energy. Not much for each person, but for the country the savings is huge.
Merchants love daylight saving time. It means more time for people to shop before it gets dark. People on the way home from work are more likely to shop if it's light out.
But, while extra shopping is great for the merchants, it's not so great for the average citizen. Especially if it takes money from what you have available for personal savings.
The U.S.Department of Commerce keeps track of many financial statistics. It's Bureau of Economic Analysis reports that personal savings has been negative for most of the last two years.
This means that people have been spending more than they earn, and actually taking money out of savings.
If you are among those who are tempted to buy more because it's light out, you need to know that you are sacrificing your future for temporary happiness now.
Those who are "smart" about money know that they should prepare for the future. And the best preparation is to build up your net worth through saving, investing, and building a business.
Hard work, delayed gratification, and living within a budget are character traits that will pay off. Not only in your future, but in the what your children and grand-children learn from your example.
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