“Spare when young, and spend when old.” ~ Benjamin Franklin

Spending and saving go hand-in-hand because the money you don’t spend can go toward savings.

The problem is too often we don’t pay attention to all the incidentals we buy and dollar-by-dollar we spend away our savings.

Today’s guest is Andrew Zumwalt, associate state specialist for financial education for University of Missouri Extension. He says before you can create a plan for building your savings, you need to have a clear picture of where you’re money is going.