Stupid Move: Spending Too Little Money

Rick Kahler, an advisor who writes for AdviceIQ, is a superb contrarian. Like with his thoughts here about why it is dumb to spend TOO LITTLE MONEY.

You’ve heard about spending too much. What about people who spend too little? This is especially a problem for retirees who habitually tighten their belts, long after they need to. It harms their quality of life.

My usual advice is: “Be frugal.” “Save for the future.” “Live on less than you make.” This is well worth repeating, even though too many Americans aren’t following it.

read the complete article here: Stupid Move: Spending Too Little Money – Forbes.

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