Money Monday: The Four Horsemen of Personal Finance
Penzo’s “Four Horsemen of Personal Finance” are as follows:
- Lottery Tickets
- Dining OutCigarettes: Forget the health consequences: Your higher spending level matches your addiction.Lottery Tickets are often called a “Stupid Tax” considering the astronomical odds of winning.
Alcohol is much like cigarettes — soft drinks are about a quarter of the price and you get free refills
Dining Out is five times more expensive than cooking in.
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