Rant: My younger cousin called me out on my 'saving' habits
I was talking to my cousin Mark (he's 22) about how I've been putting $50 a month into a high-yield savings account since I started working. He straight up said, 'You know inflation is eating half of that, right?' And he was right, I've been doing this for 4 years now and the $2,400 I've saved doesn't feel like much more than pocket change these days. It hit different because I always thought I was being responsible, but maybe I'm just being stubborn with old habits. Now I'm looking at putting that cash toward my student loans instead, which have an 8% rate. Has anyone else had a younger person point out something obvious about your money that you totally missed?