Pay for Quality

Remember being Economically Intelligent does not always mean that you should buy products that cost less money. In some cases, you have to pay more for quality. Typical example is shoes – buy a pair of comfortable shoes even if that means that you have to pay a little more than expected.

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E.I. Tip: Build a “Rainy Day (Emergency)” Fund. Build an emergency fund. It can make all the difference. Low-income families with at least $500 in an emergency fund are better off financially than moderate-income families with less saved up.

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