Time Value of Money

This post is more for people who AREN'T facing this challenge yet ... since once you are facing this challenge, there's no money to save. 

If you've never learned about the Time Value of Money, look it up online.  There are lots of references to it ... just keep in mind, saving a little EARLY on is better than saving late in life.  So, if you have any possible way, SAVE a little today.  Don't wait!

The basic idea behind the time value of money is: money has different values depending on when it is received.  And likewise, the earlier you save the money, the more it will be worth in the long run. 

Here are a few quotes about saving and the value of it...

A dollar earned is worth less than a dollar saved.
Make interest, don't pay it.
Habits are our servants - our friends or our enemies.
To have what we want is riches but to be able to do without is power.  - McDonald
Always spend less than you earn, and invest the rest.