If You Don’t Use It, You Could Lose It

Chronic saving and a preference for cash lead to unintended consequences: the unconventional path to a comfortable life.

In rural Maryland, after quitting time the bars are almost always filled with workers discussing sports, spouses and kids, the price of gas and low wages. Growing up in an economically challenged region may have a long-lasting impact on the young, even after economic situations change for the better.

That’s exactly what happened to Ray Butler, a 63-year-old man who managed to live his life so frugally, it almost cost him.

Read more at Credit Insights.