Happy Vacation!

Summer is upon us, oops! no summer here but the school holiday is upon us and families would be making preparations for a vacation with the family. With prices of goods and services escalating, savings accounts would have to be able to withstand the damage a family holiday would incur. Nevertheless, a family vacation is important for a family well-being. Such a get-together would foster better ties among family members. A family who vacations together stays together.

A Million Dollars

The other night, I stumbled upon the Suze Orman show. Suze Orman is a financial advisor who takes calls and gives good financial advice on tv.

In the show that I watched, she advised a young caller to start saving by putting away a sum of money each month. She said for someone who is as young as twenty-two ot twenty-three, the monthly savings would add up to in the region of a million dollars on compound interest.

I'd say that's pretty sound advice and every young person should get a savings account and start putting away some money for financial freedom in their later years. Financial health is equally if not more important than physical health.