The Dollar Stretch.
When you think “stretch” what comes to mind?
Here are a few options:
* to make limited supplies or resources go further than usual, planned, or expected
* to strain or push something to the limit
* to cause somebody to make full use of his or her abilities or intellect, e.g. with challenging or demanding work
* to straighten or extend the body or part of it, especially the limbs, to full length
* to lengthen, widen, or extend something, or become lengthened, widened, or extended, especially by force
I think of the word “stretch” in each of these ways – especially when it comes to how I spend a dollar.
Financially speaking, many of us are looking for information on how to increase our financial flexbility – how to spend, save, and invest smarter. But doing so starts with a willingness to increase our financial literacy. And herein lies the problem – as with many things in life, most of us would rather skip the directions, take the path of least resistance, and forego the ABC’s of developing/learning a new skill set.
So it is with most Americans attitude toward their finances.